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14 Jan 2015 07:12

SuperGroup upbeat after Christmas sales surge

LONDON, Jan 14 (Reuters) - SuperGroup, the owner of clothing brand Superdry, said it was confident of meeting its full-year profit target after a healthy jump in sales over the Christmas period. The British group said on Wednesday like-for-like sales for the 11 weeks to Jan. 10 grew by 12.4

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14 Jan 2015 07:08

Supergroup confident after strong Christmas online

After a tortuous 2014, Supergroup finished the calendar year strongly under new chief executive Euan Sutherland with a Christmas trading period that underpinned its full year profit guidance. Like-for-like (LFL) sales grew by 12.4% in the 11 weeks to 10 January, although against softer comparatives

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23 Dec 2014 09:41

FTSE 250 movers: Food retailers take a hit while energy stocks soar

Retail stocks were mixed on the day before Christmas Eve. Home Retail Group, N Brown Group and Supergroup were advancing as last-minute shoppers headed online and hit the high street. Shares in Workspace Group were rising after the company agreed a cash payment of £30m to terminate the proceeds sha

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11 Dec 2014 08:55

UPDATE 1-Superdry owner's profit hit by warm autumn

* First-half pretax profit falls 30 pct * Sales of winter clothes hurt by warm autumn * Shares fall as much as 9 pct (Adds CEO comments, analysts reaction, shares) By Paul Sandle LONDON, Dec 11 (Reuters) - SuperGroup, the owner of clothing brand Superdry, posted a 30 per

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11 Dec 2014 08:52

SuperGroup posts 30% drop in profits

Superdry-owner SuperGroup suffered a 30% drop in pre-tax profits, warning of lower gross margins after unseasonable autumn weather weighed heavily on sales in the six month period ended 25 October. The group said that sales fell 4.1% and pre-tax profits slipped to £12.5m from £17.9m in the same peri

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11 Dec 2014 07:16

Superdry-owner SuperGroup posts 30 pct fall in H1 profit

LONDON, Dec 11 (Reuters) - SuperGroup, the owner of clothing brand Superdry, posted a 30 percent fall in profit in the first half, a period when its summer ranges received a mixed reaction from shoppers and warm autumn weather hurt sales of winter items. The group reported underlying pretax

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8 Dec 2014 16:29

London close: FTSE 100 drops over 1% as oil and mining stocks drop

Weakness in the oil and gas sectors and poor economic data from across the globe prompted a weak start to the week for the UK stock market, as equities pulled back from a two-week high. With crude prices tumbling to their lowest in over five years, oil producers and stocks in the oil services sector

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5 Dec 2014 15:37

FTSE 250 movers: Mining stocks fall as gold and oil prices drop

Energy and mining stocks were in decline on Friday after a drop in oil prices for January delivery from Saudi Arabia and a fall in gold futures. Enquest was once again among the fallers on Friday amid low oil prices. Acacia Mining, Kaz Minerals, Lonmin Vedanta Resources and Blackrock World Mining Tr

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18 Nov 2014 08:16

Fashion chains chase faster supplies to counter volatile weather

* Many European chains hit by unusually warm weather * Inditex, Primark insulated by "fast fashion" model * Others following suit by buying less, more often By Emma Thomasson BERLIN, Nov 18 (Reuters) - Increasingly erratic weather is driving European clothing retailers to

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18 Nov 2014 08:05

Supergroup appoints former Nike executive as international boss

Fashion retailer Supergroup has replaced its international and wholesale boss with a former Nike executive after incumbent Hans Schmitt said he was joining fashion brand rival Diesel. Supergroup, which owns the Superdry brand, said Schmitt was leaving at the end of December to join Diesel as its exe

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6 Nov 2014 15:45

FTSE 250 movers: Supergroup rises as Numis reaffirms rating

Supergroup rose after Numis Securities reaffirmed its 'hold' rating on the stock, with a target price of 1,100p which would suggest a potential upside of 41.21% from the stock's previous close. Since 31 October, three other analysts firms, Berenberg, Investec and Cantor Fitzgerald Europe, reiterated

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6 Nov 2014 11:44

London midday: UK retailers rise on Morrison results, but markets flat ahead of ECB

The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector. However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central B

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5 Nov 2014 18:20

UPDATE 4-Hope for women's clothing as M&S profits rise

* H1 underlying profit 268 mln stg vs forecast 252 mln * Raises general merchandise full-year gross margin forecast * Lowers full-year cost growth forecast * Q2 non-food like-for-like sales down 4 pct, food up 0.2 pct * Shares climb 9.7 pct (Adds detail, CEO, analyst, fa

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5 Nov 2014 06:10

UK Earnings, Trading Statements Calendar - Week Ahead

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4 Nov 2014 16:15

UK Earnings, Trading Statements Calendar - Week Ahead

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