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Brokers have been queuing up today to praise the results from Marks & Spencer after the bellwether of the UK retail sector delivered a forecast busting trading update. The high street stalwart saw a sharp drop in like-for-like sales of clothes and other non-food items in the 13 weeks to 2 April, t
Read moreDepartment stores group Beale reported a lower loss for the year to October 2010. Revenue rose 2% to £48.6m, while the loss fell from £987,000 to £668,000. The loss would have been lower without the acquisition of stores in Hexham and Rochdale during the financial year. House broker Northland Ca
Read moreOn a day when a number of much bigger retailers gave trading updates department store Beale did its best to attract attention with a trading update that highlighted that the past quarter "has been most productive for the group, with two new stores added to the portfolio." Total group sales includin
Read moreHydraulic platform specialist Lavendon reports revenue for the five months ended 31 May fell 10%, worse than the flat outcome predicted by analysts at Panmure Gordon. But the company says the year-on-year decline reduced on a monthly basis throughout the period, and Panmure thinks the "worst is ove
Read moreLONDON (Dow Jones)--Beale PLC (BAE.LN), a specialist department store operator, said Monday that for the 26 weeks ended May 1, it made a pretax profit of GBP0.9 million on revenue of GBP26.2 million. MAIN FACTS: -Profit before tax increased by 67% to GBP909,000 (2009: GBP543,000). -Gross
Read moreDepartment stores group Beale, where Panther Securities and its chairman Andrew Perloff recently took a 29.72% stake, says that trading has picked up since the end of the snow. First quarter sales were 3.3% down on the same time the previous year. The six weeks since then have seen a 3.9% increase
Read moreDeutsche Bank believes that doom and gloom about defence spending cutbacks has been overdone, and the valuation for BAE Systems 'remains too compelling to ignore'. Cobham, however, has almost reached Deutsche's target price and consequently the stock has been downgraded from 'buy' to 'hold'. The
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