Competition puts crack in Denby's china success
Friday 06 June 1997
The warning contrasted with the accompanying half-year results from Denby, with profits for the period to March rising 16 per cent to pounds 3.5m and sales up by 15 per cent to pounds 19.3m. However, Carl Short, an analyst at SGST, downgraded full year figures by pounds 300,000 to pounds 6.6m. Stephen Riley, chief executive (above), said that competing companies like Wedgwood and Churchill China had been increasing their presence in the growing casual tableware market and away from the mature fine china sector. "The competition has seen what we've been doing and are emulating it," he said. With 40 per cent of Denby's tableware sold outside the UK, the strength of the pound was also eroding revenue. Mr Riley said the group would respond to growing competition by broadening its brand beyond pottery and glass to table accessories like cutlery, tablemats and candles.
- 1 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
- 4 UK weather: 'Coldest night of the year' tonight as freezing temperatures plummet to -10C
- 5 Game of Thrones is most-pirated TV show of 2014
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
AirAsia flight QZ8501 missing: Search for plane carrying 162 passengers from Indonesia to Singapore suspended overnight
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Millions of Britons struggling to feed themselves and facing malnourishment
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...