According to the Telegraph, online retailer The Hut
Group, which operates the sites
MyProtein and LookFantastic,
has delayed its proposed flotation due to market uncertainty.
Further, the newspaper paper reports that The Hut is still
weighing up whether to float at all.
ASOS’ chairman Lord Waheed Alli has sold nearly
half of his stake in the online apparel retailer, writes the
Telegraph. He still holds 830,000 shares in
the company, worth £15.7 million.
Apparel brand French Connection today reported a
sales rise of 7 per cent to £102.8 million in the six months
ended 31st July. Profit also rose from £200,000 in 2010 to
£700,000 this half-year.
Sales at online grocer Ocado grew 19.5 per cent
to £444.6 million for the 36 weeks to 7th August. However,
shares in the company dropped 14 per cent as it estimates a
“smaller-than-expected rise in full-year profit”,
reports the Telegraph.
The Entertainer, a multichannel retailer of
toys, has posted a sales rise of 8.4 per cent to £71 million.
Profits dipped from £1.4 million to £1 million, but the
company had originally budgeted for a profit of
£750,000.
Andrew Baker, the chief executive of tea, coffee and cakes
purveyor Bettys & Taylors has left the business
after less than a year in the job, writes the Yorkshire Business Desk.
The Shropshire Star quotes a Sunday
Times piece on Karen Millen. According to
the article, the fashion chain is set a report a 15 per cent rise
in turnover, to more than £250 million, and a profits rise
of 5 per cent to £21 million. Despite these results, the
article is titled “Retailer set to report
slow-down”.
Royal Mail is recruiting 18,000 extra temporary
staff to handle deliveries this Christmas. The figure, reports
the BBC, is 10 per cent lower than last year,
“partly because of a fall in postal volumes”.
The Guardian profiles Fat Face’s
chief executive Anthony Thompson.
Share