Flextech plans holiday channel
Wednesday 25 March 1998
ICELAND, the frozen food retailer seen as a high street struggler a year ago, reported a huge surge in sales yesterday, boosted by its national roll-out of home delivery. Same store sales rose 4.4 per cent last year and are 16 per cent ahead in current trading, though the company admitted that level was not sustainable. Iceland shares rose 10 per cent to 197.5p as analysts upgraded profit forecasts. This was in spite of a dip in profits from pounds 56m to pounds 43.5m. Iceland is now testing home shopping, which will enable customers to telephone orders in from home. Investment column, page 24
Matalan plans flotation
MATALAN, which operates a fast-growing chain of out-of-town clothing stores, yesterday announced plans to seek a listing on the London Stock Exchange in a flotation that is expected to value it at about pounds 200m. The news came as the company announced record results for the year to 31 December, showing sales up 24 per cent to pounds 229.6m and an 87 per cent lift in pre- tax profit to pounds 12.7m.
FLEXTECH, the television programming group, yesterday unveiled plans to launch an interactive travel television channel which will allow viewers to order holidays while watching programmes about their destinations. Brett Harman, managing director, said the channel was likely to be one of many based around home shopping. Flextech also announced a net profit, before exceptionals, of pounds 1.9m for 1997, compared with a pounds 15.6m loss in the previous year.
- 1 Disney heiress Abigail disowns her share of family profits in West Bank company
- 2 The secret report that helps Israel hide facts
- 3 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 4 Israel's propaganda machine is finally starting to misfire
- 5 HSBC closes bank accounts belonging to Muslim clients in the UK
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Drew Barrymore’s sister Jessica found dead in her car surrounded by 'dozens of white pills'
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...