Breaking News in association with Money AM

Tuesday, 3rd November 2009

Sopheon expects strong Q4

8:02am

Story provided by Business Financial Newswire...

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Strong trading at Dunelm

8:02am
Homewares retailer Dunelm Group said today trading has continued to be very strong.

At the time of announcing its preliminary results on 15th September 2009, the group reported a strong start to the current financial year, with like-for-like ("LFL") sales growth of 16.1% in the 10 weeks to 12th September 2009.

In the 7 weeks since that update, trading has continued to be very strong.

After 17 weeks of the financial year, total sales were up 25.5% at £154.7m.

Dunwlm said its performance continues to...

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Lloyds will not participate in GAPS

8:02am
Lloyds Banking Group announced today it is raising £21bn through a £13.5bn rights issue and £7.5bn swap of debt for contingent capital. Lloyds said it would pay £2.5bn to avoid being tied into the government's asset protection scheme.

Lloyds chairman Winfried Bischoff said: 'These proposals provide a significantly more attractive, market-based alternative to participating in GAPS and offer superior economic value to shareholders.'

CEO, Eric Daniels, said the group is delivering in line with guidance in all key areas of the business.

The group still expects to report a loss...

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