MHCRF - Mothercare plc

YHD - YHD Delayed price. Currency in USD
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  • 2,200 jobs at risk as HMV on brink of administration
    Sky News7 months ago

    2,200 jobs at risk as HMV on brink of administration

    HMV, Britain's biggest high street music retailer, is on the brink of becoming the first post-Christmas victim of Britain's brutal high street environment by collapsing into administration for the second time in six years. Sky News has learnt that HMV Retail filed a notice of intention to appoint administrators last week amid desperate last-ditch talks with suppliers. An announcement about KPMG's appointment as administrator is expected later on Friday, according to insiders.

  • What to Watch: Brexit frenzy, Black Friday in focus, oil prices fall further
    Yahoo Finance UK8 months ago

    What to Watch: Brexit frenzy, Black Friday in focus, oil prices fall further

    The top business, market and economic stories you should be watching today in the UK, Europe and abroad: 

  • Mothercare shrinks to survive as losses widen
    Reuters8 months ago

    Mothercare shrinks to survive as losses widen

    Struggling British baby products retailer Mothercare (MTC.L) said it would trade from fewer than 80 UK stores by April next year as it shrinks its portfolio as part of a plan to stay in business. Shares in the firm, which traded from nearly 400 UK stores a decade ago, fell as much as 9.4 percent on Thursday after it reported a wider first-half loss and warned trading would remain volatile. The first-half loss reflected an 11.1 percent slump in underlying sales in Mothercare's home market, which it blamed on wider market uncertainty and "negative press coverage" of its financial restructuring.

  • Reuters - UK Focus8 months ago

    UK's Mothercare shrinks to survive as losses widen

    Struggling British baby products retailer Mothercare (Other OTC: MHCRF - news) said it would trade from fewer than 80 UK stores by April next year as it shrinks its portfolio as part of a plan to stay in business. Shares in the firm, which traded from nearly 400 UK stores a decade ago, fell as much as 9.4 percent on Thursday after it reported a wider first-half loss and warned trading would remain volatile. The first-half loss reflected an 11.1 percent slump in underlying sales in Mothercare's home market, which it blamed on wider market uncertainty and "negative press coverage" of its financial restructuring.

  • Mothercare sales falter as store closures continue apace
    PA Money News8 months ago

    Mothercare sales falter as store closures continue apace

    The retailer said the poor showing reflects ‘wider market uncertainty’.

  • Globe Newswire8 months ago

    Holding(s) in Company

    TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:Mothercare Plc1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)Non-UK issuer 2. ...

  • Mothercare to cut 200 jobs in restructuring
    Reuters9 months ago

    Mothercare to cut 200 jobs in restructuring

    The job cuts will affect Mothercare's head office and the reorganisation will create 50 new roles, a spokesman said in a statement. The move was part of Mothercare's efforts to meet a 19 million pounds cost-savings target outlined in a rescue plan struck with creditors earlier this year, Sky News reported earlier on Wednesday. Mothercare had over 4,700 employees according to its latest annual report.

  • House of Fraser's flagship Oxford Street store saved from closure
    Sky News11 months ago

    House of Fraser's flagship Oxford Street store saved from closure

    House of Fraser's flagship store in London's Oxford Street has been spared closure, new owner Sports Direct has said. Prior to the business going into administration earlier this month, the key site was one of 31 of the department store chain's 59 branches earmarked for closure, with 6,000 jobs in the firing line. Within hours of the company entering administration, Sports Direct tycoon Mike Ashley agreed a £90m cash buyout of the struggling chain.

  • Homebase to close 42 stores, putting 1,500 jobs at risk
    Sky News11 months ago

    Homebase to close 42 stores, putting 1,500 jobs at risk

    DIY retailer Homebase is set to close 42 stores, putting around 1,500 jobs at risk. The retailer is closing the stores via a Company Voluntary Agreement (CVA), a controversial insolvency procedure used by struggling firms to shut under-performing shops. Homebase said it anticipated the outlets would close from later this year into 2019.

  • Mike Ashley's Sports Direct buys House of Fraser for £90m
    Sky News11 months ago

    Mike Ashley's Sports Direct buys House of Fraser for £90m

    Sports Direct, owned by billionaire Mike Ashley, has agreed to buy House of Fraser for £90m in cash. Sky News exclusively revealed that Mr Ashley was close to an agreement after the accountancy firm EY was appointed the administrator for the 169-year-old department store chain. In a statement to the London Stock Exchange (Other OTC: LDNXF - news) , Sports Direct said it had acquired all of the UK stores, brand and stock of House of Fraser.

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