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Bonmarche Christmas sales drop; guidance reiterated

Fri, 15th Jan 2016 09:24

(ShareCast News) - Women's value retailer Bonmarche posted a drop in sales over Christmas but reiterated its guidance for the year.The company posted a 0.8% drop in like-for-like sales for the 13 weeks to 26 December. In the five weeks to the end of December, LFL sales were down 2.7%. This compared to a 5.4% increase in LFL sales in the second quarter.Bonmarche had revised its profit expectations for the current financial year at the end of 2015, pointing to very challenging trading conditions in November and December.Chief executive Beth Butterwick said: "In the short period since Christmas, demand has trended towards more normal levels. The board's view of the expected outcome for the year is unchanged and it therefore reiterates its expectation that the pre-tax profit will be within the range of £10.5m to £12.0m."At 0930 GMT, Bonmarche shares were up 3.6% to 181.75p.
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13 Jun 2014 11:29

UK MIDDAY BRIEFING: Property Companies Get Indigestion

LONDON (Alliance News) - UK residential and commercial property companies are among the biggest fallers in a declining market Friday, after Bank of England Governor Mark Carney said the interest rates in the UK could rise sooner than investors expect and Chancellor of the Exchequer George Osbo

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13 Jun 2014 10:24

TOP NEWS: Sunni Militants Extend Control Over Eastern Iraq

LONDON (Alliance News) - The following is a summary of top news stories Friday.
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COMPANIES
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Petra Diamonds Ltd shares jumped to the top of the FTSE 250 index after saying it has recovered another exceptional 122.52 carat

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13 Jun 2014 07:34

UK MORNING BRIEFING: Iraq Worries Weigh; Petra Finds Blue Diamond

LONDON (Alliance News) - The deteriorating situation in Iraq has depressed shares early Friday, as the UK market also contemplates a sooner-than-expected rise in interest rates by the Bank of England.

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13 Jun 2014 06:59

Bonmarche Reports Strong Set Of Maiden Results As Profit, Sales Grow

LONDON (Alliance News) - UK women's clothing retailer Bonmarche Holdings PLC Friday reported strong profit and sales growth in its most recent financial year, driven by market share gains, price increases and growth in its online business. In its maiden results as a listed company, the clot

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13 Jun 2014 06:46

MARKET COMMENT: UK Stocks Set To Open Lower Amid Iraq Tensions

LONDON (Alliance News) - UK stocks are called to open firmly lower Friday, following on from a sell-off on Wall Street overnight, as investors look to shed risk assets, including equities, amid escalating violence in Iraq. The crisis in Iraq escalated on Thursday as Iraqi Kurdish forces too

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13 Jun 2014 05:29

UK Earnings, Trading Statements Calendar - Week Ahead

Friday, June 13 
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12 Jun 2014 16:37

MARKET COMMENT: FTSE 100 Closes Slightly Higher Amid Iraqi Tensions

LONDON (Alliance News) - The FTSE 100 closed fractionally higher Thursday, having spent the day trading within a tight range, with oil and gas exploration and production company BG Group leading the gains as the price of oil climbed amid escalating violence in Iraq.

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12 Jun 2014 15:14

UK Earnings, Trading Statements Calendar - Week Ahead

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12 Jun 2014 05:28

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11 Jun 2014 15:12

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11 Jun 2014 05:32

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10 Jun 2014 15:27

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9 Jun 2014 14:51

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9 Jun 2014 05:13

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