Company
Mothercare PLC
LON:MTC
The Mothercare group is comprised principally of two iconic retail brands with international appeal; Mothercare and Early Learning Centre. The group's brands operate through three distinct channels to market; UK stores, Direct (being the in-home and in-store internet-based businesses and catalogue mail order), and International, under which the group franchises (or participates in joint venture) operations delivering the Mothercare and Early Learning Centre brand retail operations in overseas markets. The Mothercare is traded in the ISDX Exchange HERE
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Mothercare still has plenty to do says Shore Capital
Difficult work so far has already been undertaken, most notably unwinding its operations in Russia
Mothercare cautiously confident, notwithstanding Russian situation
COVID-19 is still affecting sales and the company's operations in Russia remain suspended but the company said it is making progress to return to pre-COVID levels of sales
Mothercare suspends substantial Russian business
The retail company said trade in Russia accounted for up to a quarter of Mothercare’s retail sales
Mothercare secures £19mln loan to complete transformation plan after slumping to interim loss
Group revenue is expected to return to more normal levels in the short to medium term after a 56% fall in the half year
Mothercare sees 39% sales decline in financial year to date
The retailer estimates 95% of its partners' global store locations are now open
Mothercare goes ahead with turnaround plans despite pandemic
The retailer still expects hits from the coronavirus outbreak despite governmental support
Mothercare toddles higher after Boots franchise deal
Mothercare products will be available to buy from the Boots website from mid-2020 and a wider product offer is scheduled to for shops towards the end of next summer
Mothercare reports deeper loss after closing UK stores
Mark Newton-Jones, chief executive, said it had been an “extraordinarily challenging period”, saying it was “simply not financially viable to maintain the UK store estate"
Mothercare shares bounce as administrators called in to UK business
The ongoing international business has raised £3.2mln in a placing and secured agreements for a £5.5mln convertible loan and £50mln of further financial capacity from lenders
Mothercare buckles under retail pressure, putting UK stores into administration
Shares lost over a quarter of their value in Monday morning trading.
Mothercare expects flat profit after quarterly sales slump amid tough UK retail market
The company said gross margin improvements in the UK are expected to take "longer to materialise than previously anticipated"
Investments and investor services
Royal Mail rises after stamp of approval from Liberum
A look at the day's major movers, including Headlam, Old Mutual, Caledonian Trust, Westminster Group, Luceco, Strategic Minerals, Tarsus and Mothercare
Mothercare sees improving retail trends after cutting losses and debt
“In the early stages of this financial year, we are seeing some improving UK trends as we continue to rebuild to be the specialist retailer for parents and young children”, the retailer said
Investments and investor services
FTSE 100 closes higher but lower over the week as PM May calls it a day
The UK benchmark added over 46 points at 7,277, but over the week the index dropped 0.96%
Archive
Sparse news day on the cards as investors focus on long UK bank holiday weekend
The main focus for the Day Ahead will be trading updates from FTSE 100-listed events and business publisher Informa and FTSE 250-listed engineer Spectris
Mothercare needs more time to work on results
Retailer's year to end-March included restructuring, refinancing and disposals of one business and the head office
Archive
United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
UK’s top 40 companies gain momentum at start of 2019 as profits sink for the rest
Higher earnings from blue-chip firms such as Lloyds and HSBC helped send overall profits for the UK's largest firms 11% higher in the first quarter, while the rest of the corporates saw theirs tumble 18%
Mothercare posts another quarterly decline in sales but leaves full-year guidance unchanged
Mothercare has completed its UK stores closure programme ahead of schedule
Mothercare to sell baby toy chain Early Learning Centre for £13.5mln as it looks to cut debt
Mothercare chief executive, Mark Newton-Jones, said the company had made “significant progress” with its turnaround plan in recent months
Eve Sleep has spring in its step after management clear-out
A look at the day's major movers, including UniVision, Autins, Sigma Capital, PRS REIT, Forbidden Technologies, Staffline and Mothercare
Giraffe and Ed's Easy Diner owner set to shutter one third of sites to bolster finances
The Boparan Restaurant Group, controlled by ‘chicken king’ food magnate Ranjit Boparan, has earmarked around 27 sites for the axe
When business goes bad: What are a company’s options when it becomes insolvent?
A recent spate of high profile collapses have all brought various insolvency methods to the fore, however there are some options at a company's disposal before it is forced to shut up shop
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Archive
Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
Archive
Debenhams set to disappoint again on Thursday
“Debenhams hasn’t updated on trading since 25 October and we know from many of its competitors that November was a terrible month for retailers and December is also likely to have been a struggle”
Archive
Greggs shares are on a roll thanks to Piers Morgan and vegans
A look at some of the day's major stock market movers on Wednesday.
Mothercare leaves profit guidance unchanged as international sales show improved trend, UK trading challenging
UK like-for-like sales declined by 11.4% during the quarter, reflecting a combination of the difficult consumer backdrop and aggressive discounting activity undertaken in the prior year
Mothercare shares slump as first-half losses widen amid survival plan
Mothercare said the UK retail environment remains "very challenging"
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
Archive
No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
British Land sees first half NAV drop as high street downturn hits retail portfolio
Chief executive Chris Griggs said Britsh Land remains "alert to potential uncertainties as the Brexit process unfolds"
Mothercare to reportedly axe 200 jobs as part of turnaround plan
The mother and baby products retailer is targeting £19mln in cost savings under a rescue deal struck with creditors earlier this year.
Coast enters into administration after taking hit from House of Fraser collapse
Karen Millen has bought some parts of Coast, including the brand’s website and UK department store concessions
UK DIY retailer Homebase saved from collapse as creditors back rescue deal
Homebase - which is owned by restructuring group Hilco Capital – will now go ahead with plans to close 42 stores and cut rents on others as part of a planned Company Voluntary Arrangement (CVA)
Homebase to shut 42 stores, with restructuring group Hilco expected to confirm CVA plans: media reports
Hilco, which bought the troubled DIY chain from Australia's Wesfarmers for £1 in May, is expected to shut 42 stores, putting about 1,500 jobs at risk, according to the BBC News website
ScS sees order intake decline in second half as it gets burned by scorching summer
The sofa retailer said its LFL order intake in the second half had declined by 2.6%, compared to a growth of 2.2% in the first half, but it grew by 0.2% in the full year
Investments and investor services
FTSE 100 closes marginally higher but European peers and US stocks lag
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
Archive
Sports Direct to deliver improved annual results as investors hope for World Cup boost
The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
Mothercare shares plummet as it plans to raise £32.5mln and close 60 stores
Mothercare will shut 60 stores by June 2019 and has negotiated reduced rents for 19 stores as part of an insolvency process known as a company voluntary arrangement
FTSE 100 closes firmly higher as market shrugs off UK political chaos
Fiona Cincotta, senior market analyst at City Index, said the UK was now at a crossroads..
WH Smith’s move away from the high street is paying off
The retailer has been pulling investment from its high street stores and putting it into the ‘travel’ side of its business, which is benefitting from an increase in plane and rail passengers
M&S could escape FTSE 100 relegation by a whisker, but other high street names look vulnerable
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Marks and Spencer looks like it’s going to avoid relegation from the FTSE 100 by the skin of its teeth”
Mothercare to close half of its stores and bring back former boss as part of turnaround plan
The struggling retailer will ask creditors and stakeholders to approve its turnaround strategy at a meeting in July
Investments and investor services
FTSE 100 clocks off at new closing high
FTSE 100 closed at a new all time high on Thursday, up 0.70% to 7,787
Investments and investor services
Royal Mail in the spotlight, but will Thomas Cook deliver more growth?
As Moya Greene's last set of Royal Mail results are released analysts expect the attention will be on guidance for 2019.
BT Group is not the only blue-chip with a debt mountain and pension problems
There's an argument to be made that BT would have been better off tapping the market three years ago when its shares were twice as high as they are now, rather than braving it out. John Harrington looks at the FTSE 350 to see whether there
Mothercare shares drop as it confirms plans for an equity issue as part of a restructuring package
The retailer said it in the final stages of detailing these restructuring plans alongside new committed debt facilities, an underwritten equity issue and access to other sources of capital
Mothercare's chairman Alan Parker retires
The baby & toddler products flogger's falling sales and debt renegotiations are no longer Alan Parker's problem as he is on his trike, leaving restructuring specialist Clive Whiley holding the baby
CVAs explained: What is a company voluntary arrangement?
Homebase has become the latest struggling company to turn to its creditors for help through what is called a company voluntary arrangement – but what is one of those?
Mothercare sales still falling as debt talks continue
Floor space was reduced by almost 11% in the 12 weeks to March 24
Mothercare might close 47 stores as it struggles to survive on the High Street
According to The Sunday Times, the FTSE SmallCap firm could shut around a third of its 143 stores throughout the UK by entering a company voluntary agreement
Mothercare brings in former Tesco executive as new CEO
The mother and baby products retailer said the appointment was in line with the company’s transformation plan and its aim to return to growth
Next's toughest trading period in 25 years underlines high street struggles, say analysts
Rising online competition and weaker consumer confidence have hit bricks and mortar retailers
Mothercare says talks with lenders “progressing constructively”, financial covenant tests deferred
The mother and baby products retailer said it expects those discussions to conclude before 17 May 2018, the scheduled date for the announcement of its preliminary results
More retail misery: Mothercare in talks with financing partners, warns profits at lower-end of guidance
The high street retailer said: “Reflecting the more challenging trading environment and our seasonal cash flows, we are working with our financing partners with respect to our financing needs for FY19 and beyond”
Investments and investor services
FTSE 100 suffers triple-digit fall as investors fret over a trade war coinciding with Brexit
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
UK retail shares drop after Toys R Us UK and Maplin enter administration
Toys R US and Maplin have struggled to cope with weakening consumer confidence and rising online competition from the likes of Amazon
Mothercare's brand strength called into question by JP Morgan
Analysts raise concerns that recent performance isn't strong enough to compete online
Joules bucks high street gloom as sales soar over Christmas
Debenhams and Mothercare have both complained about a slowing UK consumer environment, but there were no such issues for clothing retailer Joules
Mothercare profit warning raises banking covenant concerns
The earnings alert follows hard on the heels of bad trading news from High Street stalwart Debenhams
Archive
Wm Morrison set to start Christmas trading supermarket sweep
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
Soco shares rise as it confirms merger talks with Kuwait Energy
A look at some of the top risers and fallers in London today
Toys go out of the pram at Mothercare after profit warning
Mothercare shareholders had a fit of the screaming ab-dabs Monday morning as it looks like an attempt to avoid heavy discounting before Christmas backfired
Archive
Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Healthy gains for Tiziana Life Sciences, MedaPhor Group, and Premaitha Health
Some of the biggest risers and fallers in London on Thursday
Mothercare plunges on Middle East woes and softening UK outlook
Mothercare has no idea when things will bottom out in the Middle East, and now footfall in the UK stores has started tapering off
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
Archive
Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
Archive
Week ahead: UK Budget, EasyJet, Kingfisher, Mothercare, William Hill, United Utilities
The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
Mothercare posts quarterly sales decline on a weak international performance
Mothercare said its full year performance remains broadly in line with market expectations
Snow worries? How the High Street has fared over the Christmas trading period
With an avalanche of updates to trudge through – not least a blizzard of them today – the actual outcome has not sent as many shivers through the City as expected.
This share could head higher in 2018. Here's why..
Mothercare shares sank almost 6% in London to 105p as it swung to an £800,000 loss for the six months to October 8,
Chancellor's Autumn Statement is time for fiscal re-set
The new chancellor of the exchequer gets to set out his stall
Archive
Proactive weekly mining news report, including Eurasia Mining, Metal Tiger and Xtract Resources
A look at some of the news stories from the junior mining sector last week
Eurasia Mining posts maiden reserve for tailings project
The entire tailings dam has been approved at Russian C2 standard to total 2.99mln tonnes of ore grading 1.18 g/t gold and 16.44 g/t silver
Investors hoping Mothercare will lift UK gloom
Mother and baby retailer is due to report first quarter trading
PREVIEW: Royal Mail tipped to deliver the goods
Royal Mail expected to report revenues of £9.2bn and pre-tax profits of £410mln
Week ahead - Is Merlin on the right track?
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Investments and investor services
Goldman Sachs’ bets are off William Hill Plc
William Hill, Poundland, Mothercare, Stock Spirits, and GlaxoSmithKline are all in Friday’s broker spotlight.
Investments and investor services
Risers & Fallers: Alecto Minerals, Atalaya Mining, KEFI Minerals, Premaitha Health, Persimmon, Scapa
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
Mothercare shares dive as overseas business falters
Baby goods chain says economic and currency issues affect international business
PREVIEW: Will JD Sports reveal another outperformance?
Positive indications from Nike, Adidas and other sportswear firms suggest another good set of results are on the way from trainer and premium leisurewear retailer JD Sports.
Xcite Energy Limited seen 200% higher by Liberum Capital
AIM quoted North Sea firm Xcite Energy is in the broker spotlight on Wednesday, as was Mothercare, Sky Plc, meanwhile Deutsche Bank dimmed its view of the big-cap miners.