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Cath Kidston's profits bloom as 'essential Britishness' sells worldwide image
Source : Guardian [Read Article] Tuesday 8th of August 2017 05:33:42 PM
....”. During the year the company benefited from the 2015 decision to buy back the Japanese franchise operation, with the growth of the overseas business providing a natural currency hedge after last summer’s Brexit vote hit to sterling. ...
Mothercare looks to almost halve number of UK stores image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:10:59 PM
....Pruning the UK chain, which has racked up losses of close to £100m over the last six years, has put it on the road to recovery with analysts predicting it will move into profit next year. In recent years Mothercare has been forced to fall back on the success of its large overseas business but that is now facing headwinds of its own as shoppers in the Middle East – its biggest regional market outside the UK – spend less because of the slump in the oil price. ...
BT loses almost £8bn in value as Italy accounting scandal deepens image
Source : Guardian [Read Article] Tuesday 24th of January 2017 11:20:33 AM
....The company said it “needs to reflect” on why the improper behaviour was not spotted by BT Italy’s management, the wider group, or by its auditors. Patterson said it was investigating its other overseas business but he believed the problem was specific to Italy. ...
MPs poised to investigate VAT fraud on Amazon and eBay image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
Potential clash image
Source : BBC [Read Article] Thursday 24th of November 2016 01:10:13 AM
....Mr Trump also holds a lease with the General Services Administration (GSA) for his hotel in Washington, another agency with a politically-appointed leader. Mr Trump's overseas business interests invite questions of whether his foreign policy decisions are directed by US interests or by his own business interests. ...
Mothercare sees weak UK demand offset by Ramadan image
Source : BBC [Read Article] Thursday 14th of July 2016 08:30:25 AM
....In the Middle East, the earlier timing of Ramadan "materially" lifted demand. However, Mothercare warned of "continued volatility" in its overseas business in the first half of the year. ...
Asos jumps 6% after better than expected results image
Source : Guardian [Read Article] Tuesday 12th of April 2016 10:29:07 AM
. Asos plans to boost investment in its remaining overseas businesses after closing its China operations, the online fashion retailer said as it reported an 18% rise in half year profits. ...
Nomura to downsize Europe equity unit image
Source : BBC [Read Article] Tuesday 12th of April 2016 06:54:02 AM
....". Japan's largest brokerage has struggled to make profits from its overseas businesses and is said to be looking to reduce costs. ...
Tracing lost legacies: Genealogy Worldwide flourishing with diverse client base image
Source : Daily Express [Read Article] Tuesday 23rd of February 2016 06:49:00 PM
.... . Now she is looking for an investor, an experienced angel with £50,000 for new product development, a marketing campaign to raise awareness among UK solicitors and attract overseas business from the likes of Canada, the US and Australia. ...
Satisfying a taste for British products - the retailers who sell abroad image
Source : Guardian [Read Article] Thursday 11th of February 2016 07:30:11 AM
.... Rebecca Kiff is an interiors and clothing brand. In addition to designing and printing goods in the UK and selling these via its website, it has built up overseas business over the past two years via local outlets in Australia, Japan, the US, France and Finland. ...
Etsy loses share value as market continues to offload risky bet image
Source : Guardian [Read Article] Tuesday 12th of January 2016 07:45:42 PM
.... Among those was the company’s decision to set aside shares for those vendors – a maximum of $2,500 worth available in advance of the IPO’s pricing. The company’s high-minded resolution to carry forth its handcrafted ethos into stock exchanges around the world has been met with some resistance, however: the stock reached a previous all-time-low in November, when it reported its Q3 earnings and revealed that it had lost 6 cents per share and had seen declines in its overseas businesses. ...
Mike Ashley will struggle to copy John Lewis image
Source : Guardian [Read Article] Sunday 3rd of January 2016 10:40:34 AM
....Sports Direct is revamping its stores and moving to larger, out-of-town locations, but this could deter the canny customers who have made the company what it is. Some of Sports Direct’s overseas businesses are also struggling, so Ashley and his lieutenant Dave Forsey have a lot on their plates. ...
Hedge funds short troubled outsourcing firm G4S as shares drop image
Source : Telegraph [Read Article] Saturday 2nd of January 2016 06:10:32 PM
.... . Ashley Almanza, who became chief executive after the Olympics debacle, has sold off a number of overseas businesses while dealing with the fallout from a scandal over criminal tagging. ...
Primark owner says prices will not rise to pay for 'national living wage' image
Source : Guardian [Read Article] Tuesday 3rd of November 2015 05:14:30 PM
....The company blamed Primark’s lower profit margin on a return to more usual levels of discounting over the summer compared with the previous year, when the long spell of warm weather drove demand for its vest tops and light clothing. George Weston, ABF’s chief executive, said problems with currency exchange rates, which affect the prices at which Primark can buy stock and the reporting of profits from overseas businesses, would be the main factor affecting next year’s bottom line. ...
UK losing millions in VAT from non-EU sellers on Amazon and eBay image
Source : Guardian [Read Article] Sunday 1st of November 2015 03:18:34 PM
.... When asked by a customer for a VAT receipt, several have simply replied that they do not apply the tax. All overseas businesses selling on eBay and Amazon must apply VAT on their UK sales from the moment they start selling to customers in Britain, regardless of how low their turnover is in the UK. ...
Shares in Foxtons fall on 'patchy' post-election recovery image
Source : Telegraph [Read Article] Tuesday 4th of August 2015 04:42:46 PM
.... The insurer, whose results were broadly in-line with expectations, posted a 6pc rise in pre-tax profit to £290m. Despite shares dipping, Barrie Cornes, of Panmure Gordon, said the outlook remained upbeat, pointing to growth in its overseas business. ...
Strong pound holding back UK exports, says key survey image
Source : Guardian [Read Article] Monday 3rd of August 2015 10:39:19 AM
.... Any reading above 50 suggests that the sector is expanding. The rate of growth in new orders slowed to its lowest level in 10 months, with a two-tier manufacturing sector characterised by solid demand from UK consumers and fresh declines in overseas business. ...
Mothercare recovery suffers teething problems as sales dip image
Source : Telegraph [Read Article] Thursday 23rd of July 2015 08:46:24 AM
....3pc at constant rates, dealing a blow to the group’s recovery plans. In May the City had cheered a lift in annual sales, in part thanks to its overseas business, which makes up 62pc of total sales. ...
Chancellor hands businesses £6.6bn in tax cuts and giveaways image
Source : Guardian [Read Article] Wednesday 8th of July 2015 05:39:33 PM
....6bn over five years. But it sends a clear signal that the government is pro tax competition and this message may be helpful in attracting overseas business to UK shores. ...
The £93bn handshake: businesses pocket huge subsidies and tax breaks image
....• Insurance, advice and advocacy services: £406m Includes such vital services as the state’s insurance scheme for trading abroad – the export credit guarantee – of which the defence firm BAE Systems says: “Many of our customers require it. ” It also includes government trade advisers and overseas business networks. ...
Source : Independent [Read Article] Wednesday 1st of July 2015 12:17:08 AM
....2m. In addition, its chief executive Tim Steiner insisted that the company was still on track to reveal its first overseas business partner this year and said that the move would transform the company’s outlook. ...
Once the world's largest retailer, Alibaba admits defeat in the US after just a year image
.... . "We wish to have 40c business in overseas market, so far our overseas business only accounts for 2pc," its founder and executive chairman Jack Ma said in New York earlier this month. ...
Marks and Spencer bosses get bonuses for first time in two years image
Source : Guardian [Read Article] Thursday 4th of June 2015 11:12:15 AM
.... The retailer spent £150m revamping its website with more video and magazine-style content, but many customers struggled to register, leaving sales 2% down over the year. Patrick Bousquet-Chavanne, who took charge of the retailer’s overseas business last July, has been awarded a £222,000 bonus. ...
Marks & Spencer profits jump for first time in four years image
Source : Guardian [Read Article] Wednesday 20th of May 2015 07:47:59 AM
.... Profit margins also rose at the food business, which opened 62 new Simply Food outlets. Performance at M&S’s overseas business, a key plank of Bolland’s strategy, was disappointing. ...
Tesco should go for a rights issue rather than selling off its best assets image
Source : Telegraph [Read Article] Thursday 16th of April 2015 06:03:24 PM
.... But to sell any of these would represent retrenchment for Tesco. Apart from the past couple of years, Tesco’s overseas business have performed well and it is not just a bit part player in these markets – it is the biggest supermarket chain in South Korea and Thailand, which is still an emerging market. ...
Dealmakers toast best start to the year since 2007 M&A boom image
Source : Telegraph [Read Article] Wednesday 1st of April 2015 06:05:31 PM
.... . The number of global deals recorded in the first quarter of 2015 jumped by 23pc compared to the same period last year, with cross-border deals accounting for $315bn of the total as more companies look to boost their overseas businesses. ...
Co-op coughs up £4m to keep chief executive in the hot seat image
Source : Independent [Read Article] Friday 27th of March 2015 11:13:35 AM
....This is a small and troubled bank, and yet it is paying its boss more than the man currently turning around a much bigger and more complex institution. I’m talking about the FTSE 100 giant Royal Bank of Scotland, which yesterday continued its own transformation by ditching the overseas business of private bank Coutts (unfortunately while RBS keeps the name, I understand that it also keeps any penalties from tax shenanigans at the Swiss bit. ...
Balfour Beatty expected to report huge losses and suspend dividend image
Source : Telegraph [Read Article] Saturday 21st of March 2015 04:00:46 PM
.... . “We would not be surprised by £100m to £200m of contract provisions, relating to further prudence in UK construction and a fresh assessment of the overseas business,” said Joe Brent, from broker Liberum. ...
ITV to buy The Voice producer for £355m image
Source : BBC [Read Article] Thursday 12th of March 2015 07:34:11 AM
....". ITV is increasingly focusing on its overseas business. ...
M&C Saatchi: Start them up, they’ll never stop image
Source : Independent [Read Article] Saturday 7th of March 2015 12:04:01 AM
....Each owns 7 per cent of the shares in the AIM-listed agency, with top executives such as Moray MacLennan, Tim Duffy and Lisa Thomas owning another 10 per cent. Senior employees working in the overseas businesses are also given big chunks of shares that can then be transferred into the main company. ...
New Look ready to float again after strong festive sales image
Source : Independent [Read Article] Wednesday 11th of February 2015 01:13:39 AM
....Across the UK, 319 stores have been overhauled as the retailer hopes to fight off tough competition from Primark and Next, and Mr Kristiansen said chequered dresses, shirts and trousers have been flying off the shelves. The company’s overseas business is also performing strongly, according to Mr Kristiansen, who said he hopes to increase the number of stores in China from 18 to 48 by the end of the next financial year. ...
Small British retailers target US for international growth image
Source : Telegraph [Read Article] Sunday 1st of February 2015 06:53:12 PM
.... . Over half of those surveyed said they plan to invest in online search improvements to win new overseas business, up from 32pc a year earlier. ...
China's challenge: Moving from copier to innovator image
Source : BBC [Read Article] Tuesday 27th of January 2015 08:11:43 PM
....Chinese computer giant Lenovo, the world's largest PC firm, has offices in more than 60 countries and 40% of its board members are non-Chinese. Many of its overseas businesses, including those in Europe, the US and Japan, are also led by local staff. ...
Is now the time to buy Tesco at a discount? image
Source : Telegraph [Read Article] Saturday 10th of January 2015 03:28:45 PM
.... A deal to sell Blinkbox, the online streaming service, and Tesco Broadband has already been agreed with TalkTalk for an amount thought to be in the region of £5m in cash. There is still plenty of work to do; Tesco has restaurant chain Giraffe, coffee shops Harris + Hoole, tablet maker Hudl and an overseas business with rapidly falling sales to shed. ...
Source : Independent [Read Article] Tuesday 9th of December 2014 11:28:37 PM
.... Yet these overseas operators have to be involved in tendering processes if the committee’s desire to see a competitive market for government contracts is to be realised. Unfortunately, as we have already seen with the likes of Amazon, some overseas businesses have proved more than willing to send out relatively junior managers to talk to the PAC or other House of Commons committees. ...
Wonga chief executive departs after just six months in the job image
Source : Telegraph [Read Article] Thursday 20th of November 2014 11:35:59 AM
....7m for 2013, down 53pc from £84. 5m the previous year, after being hit by £19m of "remediation costs" from systems issues and growing its overseas business. ...
Stanley Gibbons launches online marketplace image
Source : Telegraph [Read Article] Friday 14th of November 2014 03:45:52 PM
.... . In its report, the company said performance suffered because of the absence of "lucrative commemorative events together with a lack of success in overseas business development opportunities, mainly in China" but added: "The recent news of a second 'Royal Baby' provides the potential for new commemorative products next year. ...
Foreign companies should be able to buy UK firms and we should be able to buy them image
.... It is important to remember that the traffic in famous brands is always two-way in a modern economy. British companies spend their time buying overseas businesses, including iconic brands; Diageo has just gained full control of tequila brand Don Julio, for example. ...
Five reasons not to buy Tesco shares image
Source : Telegraph [Read Article] Wednesday 22nd of October 2014 04:26:24 PM
.... 4 - The balance sheet is looking shaky to me. There are all sorts of assets that no longer sit with Tesco’s plans: restaurant chain Giraffe, coffee shops Harris + Hoole, online film service Blinkbox, tablet maker Hudl and an overseas business with rapidly falling sales. ...
Questor share tip: Tesco shares are uninvestable image
Source : Telegraph [Read Article] Tuesday 21st of October 2014 05:00:20 AM
.... However, some of those assets are of dubious quality. There is the restaurant chain Giraffe, coffee shops Harris + Hoole, online film service Blinkbox, tablet maker Hudl and an overseas business with rapidly falling sales. ...
Cheapflights owner receives £80m cash boost from Boston-based investor image
Source : Telegraph [Read Article] Friday 17th of October 2014 08:40:30 AM
....2m of earnings before interest, tax, depreciation and amortisation. The group’s overseas business now generates 84pc of the revenues, with 40pc of visits to its Cheapflights site from mobile devices. ...
English football has a £379m transfer deficit, report says image
Source : BBC [Read Article] Wednesday 8th of October 2014 11:40:19 PM
.... . The report said that television rights to countries outside England were more than £744m a year, and sponsorships from overseas businesses will contribute more than £343m in the 2014/15 season. ...
Wonga to write off £220m of customer debts image
Source : Telegraph [Read Article] Thursday 2nd of October 2014 08:23:42 AM
....7m for 2013 - from £84. 5m in the previous year -after being hit by £19m worth of "remediation costs" from systems issues and growing its overseas business. ...
Wonga profits halve after being hit by tougher regulations image
Source : Telegraph [Read Article] Tuesday 30th of September 2014 09:24:55 AM
....7m for 2013, down 53pc from £84. 5m the previous year, after being hit by £19m worth of "remediation costs" from systems issues and growing its overseas business. ...
Wonga profits halve as tougher regulations hit image
Source : Telegraph [Read Article] Tuesday 30th of September 2014 08:23:28 AM
....7m for 2013, down 53pc from £84. 5m the previous year, after being hit by £19m worth of "remediation costs" from systems issues and growing its overseas business. ...
Foreign fashion fans give Brit brand Ted Baker profits boost image
Source : Daily Express [Read Article] Sunday 28th of September 2014 05:21:00 PM
. Annual results on Thursday are expected to show how its overseas business was a key driver behind a 22 per cent rise in profits to £47. ...
Tesco boss set to reassure investors image
Source : Daily Express [Read Article] Sunday 28th of September 2014 12:01:00 AM
....“We think he’ll have to shrink the business, it has to get back to basics. That could mean selling more overseas businesses. ...
Mike Ashley’s Sports Direct bets on Tesco recovery image
Source : Independent [Read Article] Thursday 25th of September 2014 07:54:09 AM
....Sports Direct’s only relationship with Tesco is outside the UK in some of its central European and South-east Asian markets, where the supermarket has leased some sites to the sporting goods chain. It has been suggested that Ashley could use the deal to get inside other stores due to be shut by Tesco to expand his overseas business. ...
FTSE suffers biggest one day fall since March but Carnival cruises higher image
Source : Guardian [Read Article] Tuesday 23rd of September 2014 04:05:49 PM
.... A number of analysts cut their target prices, including Exane BNP Paribas, Nomura, JP Morgan and Deutsche Bank. Meanwhile several healthcare shares were hit by overnight news that the US has announced new rules to reduce the benefits available to its companies buying overseas businesses for tax reasons. ...
FTSE slumps again while Tate & Lyle loses 17% after profit warning image
Source : Guardian [Read Article] Tuesday 23rd of September 2014 08:35:42 AM
.... French business activity contracted in September and Germany;s manufacturing sector grew at its slowest pace since June 2013. On top of that, a number of healthcare shares have been hit by overnight news that the US has introduced new rules to reduce the benefits available to its companies buying overseas businesses for tax reasons. ...
ASOS shares plunge on third profit warning image
Source : Independent [Read Article] Tuesday 16th of September 2014 10:55:44 AM
....ASOS, the one-time stock-market darling, saw its share price plunge again in early London trading after it issued its third profit warning. The online fashion retailer warned there would be no profits growth next year as it is forced to invest in its flagging overseas business. ...
PwC partners awarded £722,000 each in highest pay-out since 2010 image
Source : Telegraph [Read Article] Monday 15th of September 2014 04:00:32 AM
.... Mr Powell said he was “optimistic” about the short-term economic outlook, predicting UK growth of 3pc this year. However, he said political and regulatory uncertainty threatened to put off overseas businesses looking to set up here, of which PwC has identified around 100. ...
COMMENT: Wake up call for new Tesco boss Dave Lewis image
Source : Daily Express [Read Article] Saturday 30th of August 2014 12:01:00 AM
....Marathon runner Lewis knows the finishing line is a long way away but he has been given a head start by the latest cost cuts. That will give him ammunition for a new price war but more drastic options could include selling overseas businesses. ...
Tesco shares tumble to 11-year low after supermarket issues fresh profit warning image
....18 billion dividend pot. Tesco said it now expected group profits, which include its struggling overseas businesses, to be between £2. ...
Tesco shares drop on profit warning image
Source : BBC [Read Article] Friday 29th of August 2014 07:01:43 AM
...."What's certain is that we won't be seeing a rapid turnaround," he added. "Tesco took its eye off the ball in the UK to fund overseas businesses and is paying the price today," said retail analyst Rahul Sharma. ...
Share hunter: TSB worth watching once Lloyds link breaks image
Source : Daily Express [Read Article] Monday 18th of August 2014 12:01:00 AM
....TSB has some unique features. It is purely UK focused, concentrating on individuals and small firms, with no exposure to investment banking, corporate banking or overseas business. ...
Poultry giant Moy Park cooking up London flotation image
Source : Telegraph [Read Article] Saturday 16th of August 2014 07:30:50 PM
Foreign language skills will boost trade image
Source : Daily Express [Read Article] Sunday 10th of August 2014 12:00:00 AM
.... This means more investment, stronger language skills and a global mindset instilled in people from a much younger age,” Longworth said. He also called on the Government to put more money into Britain’s overseas business networks to help companies trade internationally. ...
New Mothercare head aims to overhaul loss-making UK chain image
Source : Guardian [Read Article] Thursday 17th of July 2014 05:14:08 PM
.... Mothercare argued the 300p a share offer undervalued the company and its prospects. The company refused to comment on the likelihood of the US company, which wants to get its hands on Mothercare's successful overseas business, returning with a higher offer before the July 30 deadline. ...
Top Mothercare investors back rejection of US takeover  image
Source : Telegraph [Read Article] Saturday 5th of July 2014 08:30:52 PM
David Bowie exhibition boosts Falkland Islands Holdings image
Source : Daily Express [Read Article] Tuesday 10th of June 2014 12:15:00 AM
....26million after transporting a Viking longboat to the British Museum and its work on the David Bowie exhibition at the Victoria & Albert museum in London. John Foster, managing director of AIM-listed FIH, said Momart showed an “exceptional performance” last year partly due to its balance of UK and overseas business but did not expect it to reach similar heights this year. ...
Multinational giants line up for UK tax breaks image
Source : Telegraph [Read Article] Saturday 3rd of May 2014 07:57:10 PM
.... . Jane McCormick, head of UK tax and pensions at KPMG, said: “What is particularly striking about the projects we are currently discussing with overseas business is the breadth and variety of activities. ...
Source : Independent [Read Article] Sunday 20th of April 2014 05:54:17 PM
.... Over the past few years, the world’s second largest economy has been spending some of its foreign reserves, which total over $3trn (£1. 8trn), on buying up overseas businesses. ...
Tesco investors line up replacements for Clarke image
Source : Telegraph [Read Article] Saturday 12th of April 2014 09:43:40 PM
.... Mr Anstead said that Tesco is likely to hold its dividend and could announce a restructuring of its Turkish business. As well as battling against falling UK sales, Tesco is facing challenges in its overseas businesses. ...

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