News

Shares of Moss Bros soared to an eight-year high in London trading after the suit hire and retailer unexpectedly said it will boost its dividend.

Feelgood factor eludes retailers

The feelgood factor looked as elusive as ever on the high street yesterday when two clothing retailers, Etam and Austin Reed, reported sharply reduced profits while the Wickes DIY group warned that its first- half profits would fall "significantly below" last year's pounds 9m. The company blamed the poor winter weather and the lack of improvement in the housing market.

Uncertain market for Smurfit

The Investment Column

out there; Alix Sharkey invited 500 friends to enter his own Palace of Wisdom

John Walsh: a stranger in the Palace

Retail fighter returns to claim the shop shop

John Shannon says he is not acting out of revenge. Whatever the case, the 45-year-old former Midlands engineer is in the throes of one of the most intriguing takeovers in the City.

Moss Bros still looking good

INVESTMENT COLUMN

THE WEEK AHEAD: Business

TODAY

BAe gains height on GEC takeover talk

British Aerospace is intriguing the stock market. On a dull, featureless day the shares climbed 14p to 513p as stories continued to circulate about the predatory ambitions of GEC.

Stylish figures from Moss Bros

BY NIGEL COPE

SHARES : THE WEEK AHEAD

Monday STATISTICS: March producer prices, UK economic accounts (Q4). INTERIMS: Halstead (James) Group. FINALS: Amey, Bilton, British Dredging, Eurotunnel, Greenacre Group, Moss Bros Group, Olives Property.

Moss Bros cuts a fine interim figure

Moss Bros, the menswear group, pleased the market with trebled interim profits, a doubled dividend, and an announcement that the second half had started brightly.

Business Information Service: This Week

Monday No economic statistics scheduled. Interims: Cullen's Holdings, Dunlop Plantations, Moss Bros, Norsk Hydro (third quarter), John Swire & Sons.

Moss Bros suits City with strong advance: Share price jumps as sales boost leads to 77% gain

MEN are buying suits again, judging by results from Moss Bros, which yesterday reported that its sales, profits and market share had all risen sharply last year.

Pembroke: Motor dealer Cowie is back behind the wheel

Sir Tom Cowie, the larger-than-life motor dealer, has returned to the fray. Sir Tom, who retired from T Cowie in December after more than 40 years at the helm, has resurfaced as a non-executive director of European Motor Holdings, the car dealer run by Richard Palmer.

Bomb bargains, a boost to the dividend and business as usual as Moss Bros plays its City suit

Moss Bros reopened its Suit Co and Savoy Taylors Guild shops in the City yesterday despite the bomb damage. It lifted its dividend for the first time in three years, from 5p to 51 2 p. Pre-tax profits grew 74 per cent to pounds 2.3m in the year to 30 January. After stripping out new stores, sales were up 5.5 per cent, with the Cecil Gee stores producing the fastest sales growth. The group has accumulated a cash pile of pounds 14m. Photograph: Brian Harris
Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935
The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory