Company
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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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
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
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?
Floor space was reduced by almost 11% in the 12 weeks to March 24
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
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
Rising online competition and weaker consumer confidence have hit bricks and mortar retailers
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
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
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
Toys R US and Maplin have struggled to cope with weakening consumer confidence and rising online competition from the likes of Amazon
Analysts raise concerns that recent performance isn't strong enough to compete online
Debenhams and Mothercare have both complained about a slowing UK consumer environment, but there were no such issues for clothing retailer Joules
The earnings alert follows hard on the heels of bad trading news from High Street stalwart Debenhams
Archive
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
A look at some of the top risers and fallers in London today
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
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
Some of the biggest risers and fallers in London on Thursday
