28 Oct 2014 06:18
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Don't have an account? Click here to register.Moss Bros rallies as Gatemore Capital takes 9.6% stake
Mon, 10th Jun 2019 09:33
(Sharecast News) - Shares in Moss Bros rallied on Monday as it emerged that Gatemore Capital Management has taken a 9.57% stake in the menswear specialist.The asset manager took an 8% stake in fashion retailer French Connection back in 2017.In a trading update in May, Moss Bros said it was on track to meet market expectations for the full year. The company said total sales for the business were up 1.5% in the 15 weeks to 11 May, with total like-for-like sales 0.2% lower.Sales from the hire department were down 15.6% on the year, meanwhile.Chief executive Brian Brick said at the time: "We are making progress on last year, having recovered from the stock issues and improved our supply chain. Retail and e-commerce sales have shown further improvement against this backdrop. Although Hire continues to disappoint, it is clear this is reflecting a switch from Hire to retail with the new Tailor Me range."At 1005 BST, the shares were up 5.2% at 21.77p.
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27 Oct 2014 15:53
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3 Oct 2014 09:25
Friday broker round-up UPDATE
Anite: Investec places its target price (prev.: 90p) under review maintaining a hold recommendation. Avon Rubber: WH Ireland ups target price from 765p to 800p and retains a buy recommendation. Investec ups target price from 700p to 720p upgrading from add to buy. BTG: Panmure Gordon raises target
Read more23 Sep 2014 16:39
Moss Bros director tops up stake after sales rise
Zoe Morgan, an independent non-executive director of men's clothing retailer Moss Bros, has together with her husband added 13,280 shares to their existing holding of 50,424. The director paid 93.47p a share for a total spend of £12,413. The deal was made on Monday, the same day the company reporte
Read more22 Sep 2014 08:54
Moss Bros hires out fewer wedding outfits but sales rise
Men's outfitter Moss Bros blamed lower wedding business for a drop-off in summer hire sales, but said overall sales were looking up. Moss Bros said hire bookings for the 2014 wedding season were behind last year's levels, although the average price achieved on hire continued to improve due to the la
Read more22 Sep 2014 06:16
Suit specialist Moss Bros' first-half profit slips
Sept 22 (Reuters) - British suit specialist Moss Bros Group Plc reported a marginal drop in first-half pretax profit, hurt by increased investment in marketing and acceleration in its store refurbishment programme. The company, which sells and hires out formal clothing in the UK through its
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