7:47am
Autoparts and cycle retailer Halfords reported today that revenue was £425.1m in the half-year to 2nd October, up 3.8% (2008: £409.6m), with a like-for-like sales increase of 1.7% in the period.
Gross profit percentage improved 190 basis points to 53.3% (2008: 51.4%).
Operating profit was £62m, up 12.9% (2008: £54.9m), and profit before tax was £60.9m, up 24% (2008: £49.1m).
Basic earnings per share were 20.6p up 23.4% (2008: 16.7p).
The interim dividend was raised 20% to 6p.
Operating cash flow of £112.3m reduced net...
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7:47am
Supermarket operator William Morrison said this morning that its performance in the third quarter has been good and sales continued to grow well ahead of the market.
In the quarter to 1st November, total sales excluding fuel were up by 9.1% (5.1% including fuel), while like for like sales grew by 4.3% (1.3% including fuel).
Morrisons welcomed a record 10.8 million customers on average through its doors each week during this period, up by over 1.6 million since it launched its Food Specialist for Everyone strategy two years ago.
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7:32am
Story provided by Business Financial Newswire...
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7:32am
Global brewer SABMiller said lager volumes fell 1% on an organic basis with growth in Africa and Asia offset by weaker volumes in other markets in the half-year to end-September, with revenue hit by adverse currency movements.
Reported group revenue was down 6% and reported EBITA down 2% impacted by weakness of major operating currencies against the US dollar compared with the same period last year.
Firm pricing and cost efficiency drove organic, constant currency group revenue growth of 3%, EBITA growth of 11% and margin growth of 110 bps.
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7:17am
Story provided by Business Financial Newswire...
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7:17am
Power supplier National Grid said today it enjoyed a very strong performance in the half-year to end-September, with pretax profit up 16% and earnings per share up 31%.
The group reported higher operating cash flow of £1.607bn and declared an 8% increase in the interim dividend.
National Grid made capital investments of £1.5bn, in line with plans for full year.
Funding for the year was complete, with stable credit ratings and net debt down £693m.
The group said the outlook for 2009/10 was strong, in line with...
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