LONDON (Alliance News) - Laura Ashley Holdings PLC Monday said it will pay a bonus interim dividend of 1.0 pence a share for its 2014 financial year, a payment it says shows its appreciation of the continued support of its shareholders. It said the payment for the year to January 25, 2014,
LONDON (Alliance News) - Clothing and home-furnishings retailer Laura Ashley Holdings PLC Wednesday said it has sold its entire stake in men's formal-wear chain Moss Bros Group PLC, for just under GBP8 million. The disposal was made on Tuesday as Moss Bros shares shot up 22% to close at 90.
Struggling fashion and household goods retailer Laura Ashley has offloaded its 8 million pound stake in menswear chain Moss Bros to shore up its finances.
Laura Ashley, which blamed the wrong kind of weather for lower first-half profits in September, said its Bagleys Investments arm sold 9,499,937
The FTSE Small Cap Index is flat, while the FTSE AIM All Share
small caps equity index rises 0.2 percent, performing broadly in line
with a 0.1 percent rise on the FTSE 250 mid-cap index but outperforming
a flat blue-chip FTSE 100 index. Medical products group Tissue Regenix surges 15.1 pe
Unseasonable weather patterns disrupted first half sales at fashion and furnishings retailer Laura Ashley, hitting the shares hard.
Total group sales slipped 5.6% to £137.3m in the 26 weeks to July 27th, with like-for-like retail sales down by 2.2%, although management emphasised their confidence a