LONDON (Alliance News) - Flying Brands Ltd Tuesday said it swung to a loss in its last financial year as revenue declined, having sold off a majority of its businesses the prior year. The group was previously a multi-brand, multi-channel home shopping specialist made up of three divisions:
Read moreLONDON (Alliance News) - Flying Brands Limited said Tuesday that its Finance Director Stuart Dootson has resigned from the company. The firm said Dootson has resigned on the grounds of ill health. In the interim, Flying Brands has made suitable temporary arrangements to cover for Doot
Read moreInformation technology service provider Nexus Management said its US division produced a better than expected performance in 2011, while the group as a whole has got off to a reasonable start in the current financial year. Revenue in the year to September 30th edged up to £5.90m from £5.85m the yea
Read moreMail order gardening, gift and audio book retailer Flying Brands dragged itself away from a place adjacent to its 52-week low after the hard-pressed firm said has had a number of approaches from parties interested in buying some of the company's businesses. The share price shot up to 10.5p from 7.7
Read moreRicardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreStocks rediscovered their earlier strength, but only after tumbling below the 5,000 point mark on another volatile day for the leading share index. Banks were prominent among the risers, with Barclays, Lloyds and RBS posting decent gains, after talk of a 50 basis point cut in European Central Bank
Read moreThis morning's rally is a distant memory now with stocks tumbling below the 5,000 point mark as nerves set in again. Miners are prominent in the firing line as metals prices slide, with Xstrata and Kazakhmys sharply lower. Gold miner Centamin Egypt is also suffering big losses. Copper fell by 7%.
Read moreShares have staged an impressive rally after yesterday's slide, with banking trip Lloyds, RBS and Barclays setting the pace in the FTSE 100. They are joined higher by private equity investor 3i, which warned that falling stock markets will lead to an inevitable fall in the value of its portfolio at
Read moreMail order gardening, gift and audiobook retailer Flying Brands is in negotiations to sell property assets to avoid breaching its banking covenants following a sharp deterioration in trading. "We are nearing the end of our Autumn selling season in Gardening Direct and the performance of the busines
Read moreShares in flowers and gifts retailer Flying Brands dropped by almost a fifth after the group revealed that 2011 profits will be below expectations. Like-for-like orders for in the year to date after 20% below last year, primarily as a result of weak consumer confidence and increasing competition at
Read moreRetailer Flying Brands blamed winter weather, a drop in profits at the garden business and bigger losses at the gifts unit for a plunge in profit during 2010. The garden division saw profits fall to £1.34m from £1.81m, while the gifts business lost £0.81m compared with £0.21m a year ago. Winter wea
Read moreFlying Brands joined the list of retailers bemoaning December's bad weather, as it warned that full year profits will be materially below market expectations. Sales in the fourth quarter totalled £6.4m, up from £5.7m in the final quarter of 2009, but like for like sales were down at £5.0m from £5.
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