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McKay Securities reveals possible rival to agreed offer from Workspace
A look at the major movers on the London market on Tuesday
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LON:MUL
Mulberry Group PLC, along with its subsidiaries, is principally engaged in the design and manufacture or sourcing of fashion accessories, clothing and interior design products, and their subsequent sale through wholesale channels or its own shops in home and export markets. Mulberry Group is traded in the ISDX Exchange HERE
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A look at the major movers on the London market on Tuesday
The soon to be vacated property is located in Rue Saint Honoré, renowned for its high-end shops
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A look back at some of the more interesting stories from London's junior market over the past week
An offer period began last month after Ashley’s group raised its stake in Mulberry to 36.82%
The luxury fashion group said the sales trends it experienced in the quarter to end September 2020 have continued into October but noted that the November lockdowns have hit trading
Revenue in the 26 weeks to September 26 dropped 29% with digital sales soaring 69%
The clothier is to gradually reopen its UK stores as of June 15 following other sites in China, South Korea, Europe and Canada
The fashion designer has warned it expects a “small loss” in the second half to 28 March though it had guided for profits
The firm racked up a loss before tax of £10.9mln, around 25% higher compared to a £8.2mln loss for the same period last year, with revenue broadly flat
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A look at some of the major risers and fallers in London on Wednesday
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A look back at some of this week's more interesting stories from London's junior market
“Looking ahead, we anticipate that international and digital sales will continue to grow whilst UK retail trading conditions are expected to remain uncertain,” said chief executive Thierry Andretta.
The group reported a pre-tax loss of £8.2mln for the period that was partially attributed to a £2.1mln one-off cost from the collapse of the department store chain
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A look back at some of the more interesting stories from the junior market over the past week...
HoF owes its suppliers £484mln, according to documents from administrators EY
Some of the main news-driven risers and fallers in London on Monday …
Mulberry warned that its profit for the year will be “materially reduced” if weak sales trends in the UK retail market continue.
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
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Aside from the latest Federal Reserve policy meeting outcome and the May UK consumer price index, ad giant WPP's AGM will also draw attention in the day ahead
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Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings