News & Comment
Interim figures from lastminute.com reveal that the beleaguered e-tailer's French and UK businesses reached operational profitability three months earlier than expected, writes Elliott Davis.
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Shares in Clinton Cards gained 8 per cent to 183.5p today, their highest level in more than two years, on a strong set of figures for the year to January, showing a near-11 per cent rise in pre-tax profits to £19.65 million on turnover of £289.25 million (£268.83 million). Elliott Davis reports.
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Greetings card and gift retailer Clinton Cards reports an 'excellent' start
to the current year, after increasing profits 8.5 per cent to £19 million
in the year to 28 January, writes Elliott Davis.
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Recommendations
Greeting cards retailer Clinton Cards announced it intends to purchase rival Birthdays Group for £46.4m. The cost will be covered by a new banking facility for £110m.
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It has taken a long time, but Clinton Cards, our 'Company Profile' back in November 2001, is finally receiving the attention it deserves.
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Clinton Cards
NO RECOMMENDATION 16/04/2002
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Clinton Cards
NO RECOMMENDATION 17/01/2002
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Christmas trading is of vital importance to Clinton Cards, the High Street retailer of cards and wrapping paper. It traditionally makes a loss in the first six months to July, then makes up the ground in the second six months to January. Clinton is expected to make a trading statement at the end of next week, which should detail its performance over the crucial Christmas season.
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The business
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Clinton Cards
NO RECOMMENDATION 06/04/2001
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Clinton Cards
NO RECOMMENDATION 06/04/2000
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Clinton Cards
NO RECOMMENDATION 23/09/1999
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Clinton Cards
NO RECOMMENDATION 08/01/1999
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Sector Articles
Christmas was an almost unqualified success, with retail sales well ahead of the market’s expectations.
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Bullish house building and construction services play McAlpine impressed investors with news of 'yet another' year of 'very successful' growth. The shares advanced 24p to 256p following a positive trading statement in which the group claimed that margins had improved. Software and video games retailer Electronics Boutique enjoyed a share price lift on the back of an upbeat trading statement. Its shares sparked up by 15.5p to 65p over the course of the month after it revealed buoyant trading figures for December. The video games play experienced 15 per cent like-for-like sales growth and is on target to generate sales of £300 million for the year to 31 January 2001.
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