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Matalan founder to receive £250 million dividend
- Posted:
- 08 March 2010 09:10
Matalan founder and controlling stakeholder John Hargreaves is in-line for a £250 million dividend as part of his plans to re-negotiate the company's debts, according to weekend press reports. According to the Sunday Times, Mr Hargreaves is in talks with banks and other investors concerning a £525 million refinancing that ...read more
Alexon to raise capital to fund recovery
- Posted:
- 08 March 2010 09:08
Alexon Group has announced plans to raise £20.3 million to accelerate its recovery. The capital will be raised through a share offer to fund its turnaround plan, which involves exiting 63 properties that have unfavourable commercial terms or are in inappropriate locations.The group will use £10 million of the new ...read more
Urban Outfitters profit tops estimates
- Posted:
- 08 March 2010 09:06
Urban Outfitters has reported quarterly profit above estimates for the fourth time in a row and announced the launch of a new brand next February. The new line will cater to brides and wedding shoppers and will be initially offered online and later in stores.The retailer achieved record earnings of ...read more
Links of London to design office Olympic jewellery range
- Posted:
- 05 March 2010 09:45
Links of London is to design an official jewellery collection for the 2012 Olympic Games. Creative director Elizabeth Galton and her team will create jewellery and precious metal collections, premium items, children's jewellery and metal gifts.The first items will be bought online from London 2012 and through Links of London ...read more
AB InBev announces profit rise
- Posted:
- 05 March 2010 09:44
The world's largest brewer, Anheuser-Busch InBev, saw a rise in profits in the last quarter of 2009 after cost cutting and price hikes. The Budweiser maker saw profits at $1.28 billion (£852m), up from $29m last year, although it added that global beer sales were sluggish and unlikely to bounce ...read more
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