MOSB.L Share News (MOSB)

Laura Ashley Sells Entire Stake In Buoyant Moss Bros For GBP8 Million

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.

Laura Ashley sells 8m pounds stake in Moss Bros

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

Moss Bros boosts dividend as full-year profit to beat forecasts

Shares in Moss Bros surged on Tuesday after the UK men's formalwear company said it expects to post full-year profit ahead of market forecasts. Chief Executive Brian Brick said the firm was encouraged by trading over the key Christmas period. Like-for-like sales jumped 12.9% in the five weeks to

Tuesday broker round-up

AMEC: Nomura ups target price from 1230p to 1280p and retains a buy recommendation. Amerisur Resources: Investec shifts target price from 73p to 75p and keeps a buy recommendation. AVEVA: Investec increases target price from 2500p to 2900p upgrading from hold to buy. BHP Billiton: JP Morgan raise

Moss Bros to beat profit forecasts after Christmas sales surge

LONDON, Jan 14 (Reuters) - British suit specialist Moss Bros said it expected to post a full-year profit ahead of market expectations after a surge in sales over the Christmas period. The firm, which sells and hires out formal clothing, said sales at stores open over a year jumped 12.9 per

STOCKS NEWS EUROPE-FTSE AIM, small caps close down 0.5 pct

The FTSE small cap index and junior-listed AIM shares fall 0.5 percent, outperforming the 1.0 percent drop on the blue chips. North River Resources climbs 12.5 percent after announcing a substantial resource upgrade at its Namib Lead Zinc Silver project in Namibia. Moss Bros rises 2.2

Moss Bros confident for full-year as party season kicks in

- Confident of meeting full-year targets - Sales boosted by non-wedding hire - Strong second-half as it moves into party season Formal wear specialist Moss Bros said it has continued to trade well and is confident of delivering anticipated full-year growth as sales in its hire division stabilise.

Moss Bros Ups Dividend By 50% Despite Broadly Flat H1 Profits

Moss Bros posts flat half-year profit

UK menswear company Moss Bros said half year profit was unchanged after a strong retail performance was weighed down by weak hire sales, and expects the full year outcome to be in line with market expectation. For continuing operations pre-tax profit remained at £2.2m and operating profit climbed 5

Moss Bros sales pick-up on new season ranges

LONDON, Sept 26 (Reuters) - Moss Bros has seen sales growth accelerate in the early weeks of its second half as customers react favourably to new autumn/winter ranges, the British menswear specialist said on Thursday. The suit specialist, which also reported flat first half profits, said sa

Friday broker round-up UPDATE

African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re

Trading picks up at Moss Bros

UK menswear company Moss Bros said its overall performance continues to improve on the previous year, despite a tough start, and is trading in line with market expectations. Total sales for the continuing business for the first 18 weeks picked up after a slow start to the half, and were 0.6% up o

STOCKS NEWS EUROPE-UK small caps lag behind by midday

The FTSE Small Caps index falls 0.2 percent in morning trade, underperforming a flat mid-cap FTSE 250 index and a 0.3 percent higher blue-chip FTSE 100. Moss Bros Group rises 1.5 percent after saying it is confident on meeting expectations in 2013/14. However, it says that sales in the fir

Moss Bros sales driven by online and formalwear hire

UK menswear company Moss Bros Group on Friday said improved sales and tight control over costs pushed earnings higher in 2012. Pre-tax profits before exceptional items came to £3.0m, an increase of £2.1m on the prior year. Earnings before interest, tax, depreciation and amortisation (EBITDA) jump