Peel Hotels swing to FY 2011-12 loss as occupancy falls
Peel Hotels Plc, the AIM-listed UK hotel business controlled by Robert and Charles Peel, today reported that FY 2011-12 was its toughest as LFL revenues fell by 4% to £14.6 million, while with rising costs the business swung to a pre-tax loss of £228k and has again passed paying a divide...
Posted: 07/06/2012
Greggs reports a solid FY 2011 result, but 2012 is off to a more difficult start.
Greggs Plc, the bakers with 1571 high street outlets across Great Britain, has reported FY2011 LFL sales up 1.4%. But, having added 84 new shops overall, sales have increased by 5.8% to £701 million. Despite having to contend with a steady increase in commodity prices, Greggs has increased pre-...
Posted: 14/03/2012
Morrisons shines with 2011 profits up 9.2%
William Morrison, the Bradford-based number 4 supermarket chain with 475 stores nationally, reported sales up 7% to £17.7 billion for the FY ended 29th January 2012. Pre-tax profits were up 9.2% to £947 million and customer numbers were up 400,000 a week as people voted for Morrisons fre...
Posted: 08/03/2012
Young residential property buyers advised to look north
Young people who are desperate to secure their first residential property have been advised that it may be easier to do so in the north of England than the south. New research by Halifax has concluded that the youngest first-time buyers in the UK can be found in Selby, North Yorkshire, where people t...
Posted: 26/09/2011
St Modwen deliver a 40% increase on pre-tax profit for H1
In reporting it's H1 results today, St Modwen Properties Plc, the Birmingham-based regeneration specialist delighted the market with a 40% increase in pre-tax profits to £37.4 million (H1 2010 £26.7 million) and a 6% increase in NAV per share to 226p. Bill Oliver, Chief Executive of St. M...
Posted: 05/07/2011