Company
LON:DNLM
Dunelm Group PLC is a specialist out-of-town homewares retailer providing a range of products to a customer base, under the brand name Dunelm Mill.
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The homeware retailer uses the summer sale to clear its leftover stock before the start of its new financial year, but “disappointing footfall” meant it wasn’t able to do that this year
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
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Thursday will see retailers ASOS and Dunelm to the fore. The former is expected to issue an upbeat statement while the latter will be looking to prove it is not curtains for its growth story.
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Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
AO isn’t the only UK retailer struggling in its home market at the moment, Carpetright, Topps Tiles and Dunelm have all posted weaker updates in recent weeks
Analysts questioned whether the FTSE 250 retailer could continue to compete effectively in the UK market and whether its offering provided “enough inspiration and uniqueness”
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The UK blue-chip index had a surge near the close of play and added nearly 57 points
Dunelm said it has had an "unexpectedly challenging start to the fourth quarter, with continuing softness in the homewares market and reduced footfall to our stores"
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Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
The FTSE 250-listed firm said Laura Carr is group Financial controller of Compass Group, and prior to this role she was CFO of Indigo Books & Music
The UK homewares retailer said online growth through Dunelm.com increased by 35.7% to £29.4mln in the quarter
Investments and investor services
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
Analyst at Barclays said they still believe the acquisition of WorldStores provides Dunelm with a better online platform than it had previously
The FTSE 250-listed group saw its full-year pre-tax profit fall to £60mln, down from £65.2mln a year earlier, although its like-for-like sales rose by 6% to £469mln
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The minister responsible for Britain's exit from the EU, David Davis said the UK would lead a “global race to the top"
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Day ahead includes the start of the UK banks reporting season with full-year numbers from HSBC Holdings PLC, plus finals from InterContinental Hotels Group PLC, and interims from Dunlem Group PLC
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Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
Investments and investor services
A look at some of the top risers and fallers in London today
The FTSE 250-listed homewares retailer said its like-for-like online sales jumped by 30.5% to £26.2mln and accounted for 10.3% of its total comparable sales
Investments and investor services
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
