Company
LON:SCS
ScS stands for “Sofa Carpet Specialist” and is one of the UK’s largest retailers of sofas and flooring. We strive to offer value and choice through a wide range of sofa and flooring products carefully selected by our expert team.
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The furniture retailer said its House of Fraser concessions saw a 52.5% drop in like-for-like orders and the group said it that it will cease trading from within them by the end of January 2019
The four new stores opened in the prior year, plus the new store in Chelmsford in the current year contributed an additional £6.0mln to gross sales year-on-year
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
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The day ahead includes full year earnings from Ferguson and Revolution Bars
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The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
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
“We expect that the retail market will continue to remain challenging in the short to medium term," said chief executive David Knight
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The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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The day ahead includes full-year results from FTSE 100 DIY retailer Kingfisher PLC, plus the latest Federal Reserve rate decision, and UK unemployment and average earnings data
Investments and investor services
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
Shore Capital says the stock's valuation remains at an unwarranted sector discount
The firm also said that trading since the start of the new financial year has been in line with its expectations, with 3% growth in same-store sales for the nine weeks to September 30
The pound's weakness is the source of the Footsie's late strength
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Day ahead includes a trading update from food-on-the-go specialist Greggs PLC, and first half results from Ferguson PLC - the plumbing supplies group formerly known as Wolseley
Retail titans dominate the corporate schedule this week
The UK is still driving sales growth for ASOS, though Europe remains a key focus
Investments and investor services
The FTSE 100 Index ended the session 97 points higher at 5,876..
Easter was tough and prompted a profits warning, but Christmas and New Year was strong, sparking a profits upgrade
Ocado could be going up the Amazon, according to reports.
