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27/08/2001
Kingfisher approve Woolworths chain demerger
Kingfisher investors have approved the demerger of the Woolworths chain stores in the UK.
Shares in the retail chain store will begin trading next Tuesday. Former Railtrack boss Gerald Corbett, who joined in March to oversee the demerger, will head the newly separated business.
However, despite turnover of around 2.5 billion investors are viewing the move with scepticism. Investor confidence has taken a knock with news that the operating profits of Woolworths have fallen by 25 per cent as competition in the sector intensified this year.
The chain store is a unique part of the UK’s high street retail culture and is a leader in the retail of entertainment products. Video, DVD and CDs account for around 40 per cent of the stores’ turnover. Toys and confectionary are an important part of the business with the chain also owning the Ladybird range of childrenswear - the third largest retailer of clothes for children.
Woolworths originally part of the US chain store has been part of the Kingfisher group for almost 20 years.
There are currently 900 Woolworth stores throughout the UK. (SP)
Shares in the retail chain store will begin trading next Tuesday. Former Railtrack boss Gerald Corbett, who joined in March to oversee the demerger, will head the newly separated business.
However, despite turnover of around 2.5 billion investors are viewing the move with scepticism. Investor confidence has taken a knock with news that the operating profits of Woolworths have fallen by 25 per cent as competition in the sector intensified this year.
The chain store is a unique part of the UK’s high street retail culture and is a leader in the retail of entertainment products. Video, DVD and CDs account for around 40 per cent of the stores’ turnover. Toys and confectionary are an important part of the business with the chain also owning the Ladybird range of childrenswear - the third largest retailer of clothes for children.
Woolworths originally part of the US chain store has been part of the Kingfisher group for almost 20 years.
There are currently 900 Woolworth stores throughout the UK. (SP)
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28 August 2001
Share surge as trading begins on Woolworths
Shares in UK store chain Woolworths have surged on their first hours of trading, up from an opening price of 25 pence to 31.25 pence.
Share surge as trading begins on Woolworths
Shares in UK store chain Woolworths have surged on their first hours of trading, up from an opening price of 25 pence to 31.25 pence.
26 April 2016
200 Jobs At Risk After BHS Enters Administration
Northern Ireland's four British Homes Stores (BHS) have been taken over by administrators putting up to 200 jobs at risk. It is understood that the stores – in Belfast, Holywood, Newtownabbey and Lisburn – will continue to trade while administrator, Duff & Phelps, seek a buyer for the retail chain.
200 Jobs At Risk After BHS Enters Administration
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12 May 2006
HMV gets go-ahead to make fresh bid for Ottakar's
The Competition Commission has cleared the way for HMV to make a fresh bid for bookseller's Ottakar's. The Competition Commission ruled that a merger would not lead to a "substantial lessening of competition". HMV, which also owns the Waterstone's book chain, launched a £96.4 million offer for Ottakar's last year.
HMV gets go-ahead to make fresh bid for Ottakar's
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10 November 2004
Strategy unveiled to assist agri-food market
Agriculture Minister Ian Pearson and Enterprise Minister Barry Gardiner today announced the Government's response to the Food Strategy Group's 'Fit for Market' report.
Strategy unveiled to assist agri-food market
Agriculture Minister Ian Pearson and Enterprise Minister Barry Gardiner today announced the Government's response to the Food Strategy Group's 'Fit for Market' report.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
