Page 19 - Clive Whiley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Submitting... The statement added: "We continue to work towards our goal of becoming an asset light business, greatly facilitated by the implementation of our new way of stock purchasing, meaning that our franchise partners contract to pay for products directly with our manufacturing partners." Clive Whiley, Chairman of Mothercare, said: "Our performance in 2021 shows that whilst we are not immune to the impact of the pandemic on our franchise partners' operations around the world, we have ended the year in a far stronger position than we started it. "Our resilient performance and financial p...

Mothercare FY Net Worldwide Franchisee Retail Sales Down 40% LONDON (dpa-AFX) - Mothercare plc (MTC.L) reported unaudited net worldwide franchisee retail sales for the financial year to March 2021 of £326 million, down 40% from last year, reflecting the impact of Covid-19 in the various markets in which the company's franchisees operate around the world. At the year end Mothercare had net debt of £12.1 million, being cash of £6.9 million against a substantial drawdown of £19.5 million from the new facility announced last November, reflecting both ongoing tight control of cash and the con...

Top UK Stocks to Watch: Greggs shares pop as sales return to pre-pandemic levels Joshua Warner May 10, 2021 8:45 AM Greggs sales benefit as the high street reopens, Provident confirms it is withdrawing from the home credit market, Centrica continues to see lower demand, Dignity’s new management prepare to shake things up, and Aquila Energy Efficiency Trust prepares an IPO in London. Share: Top News: Greggs sees strong recovery as non-essential retail ...

Funerals firm Dignity starts search for new board roles following coup The boardroom coup at Dignity has led to a search for three new directors (Ben Birchall/PA) Funeral director Dignity has confirmed plans to start the hunt for three new non-executive directors, including a new chairman, following a boardroom coup by activist investors. The move comes less than a week after investment fund Phoenix won a vote to oust the chairman and install its own representative. As a result of the move, its previous board representative, James Wilson, stepped down as a non-executive director on Monday wit...

Shareholders backed the argument for change at the top made by Phoenix Asset Management, which has built up a 29.9 per cent stake in Dignity in recent years.