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
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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Mothercare has no idea when things will bottom out in the Middle East, and now footfall in the UK stores has started tapering off
Market was subdued as US markets were closed for Thanksgiving
Archive
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
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 said its full year performance remains broadly in line with market expectations
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.
Mothercare shares sank almost 6% in London to 105p as it swung to an £800,000 loss for the six months to October 8,
The new chancellor of the exchequer gets to set out his stall
Archive
A look at some of the news stories from the junior mining sector last week
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
Mother and baby retailer is due to report first quarter trading
Royal Mail expected to report revenues of £9.2bn and pre-tax profits of £410mln
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Investments and investor services
William Hill, Poundland, Mothercare, Stock Spirits, and GlaxoSmithKline are all in Friday’s broker spotlight.
Investments and investor services
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
Baby goods chain says economic and currency issues affect international business
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.
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.
Tesco reported its first group like-for-like sales increase for more than four years
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation