M&S sales fall but beat expectations
Marks & Spencer’s UK like-for-like sales dropped 4.2% for the 13 weeks to March 28, a smaller drop than expected.
Archive for March, 2009
Debenhams shares fall as HSBC offloads stake
Shares in Debenhams have fallen after HSBC announced the sale of a 13% stake in the retailer on behalf of an undisclosed client, reported to be the collapsed Icelandic investment fund Baugur.
Laura Ashley profits dive but fashion sales rise
Laura Ashley’s like-for-like fashion sales rose 3.6% for the 53 weeks to January 31, although group pre-tax profits dropped to £9.6 million from £15.8m the previous year.
Consumer confidence on the rise
Consumer confidence is at its highest since last May, following interest rates cuts and lower household bills, according to the GfK NOP Consumer Confidence Index.
