Profits hit at Regent St Hamleys
Saturday 05 June 1999
The group had warned that sales were likely to suffer when it reported a 16 per cent fall in annual pre-tax profits in March. However, the shares fell 11p to 159p yesterday. John Foster, finance director, said: "Very few shares changed hands, but the market makers marked us down even though we said nothing really new."
He said the store would benefit from improved circulation of customers following the completion of the first phase of refurbishment in July. Some analysts said the trading statement looked like a veiled profits warning. Last month Chris Ash stepped down as group chief executive in response to pressure from institutional investors. Stephen Woodbridge, deputy chairman, took charge of operations. Simon Burke, chief executive of Virgin Entertainment, is to succeed Mr Ash in August.
Group sales were 2.7 per cent up on the same period last year.
- 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
- 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...