Yygj Digital challenger bank N26 has pulled back from its UK launch plans
Monday 17 December 2018 12:38 pm|Updated:Monday 03 June 2019 3:40 amHM shares tumble as sector uncertainty outweighs sales growthBy: James WarringtonShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleHM today reported a rise in sales in the three months to the end of November, but saw its shares tumble amid doubts about the companyrsquo recovery.The Swedish fashion brand said sales rose 12 per cent year-on-year to 56.4bn Swedish krona pound;4.9bn . But the positive trading update did little to prevent a fall in HMrsquo share price, which was down almost eight per cent.The retailer has faced falling profits due to high street difficulties and a problem with its new logistics system.Pre-tax profits in the three months to the end of September were down 20 per cent on the year before to 4.01bn Swedish krona.But the trading update fai stanley becher led to settle investorsrsquo; nerves, as the company gave no further details and said it will release a ful polene bolsos l-year report at the end of January. The retail sector has suffered a taxing day after British fashion firm Asos i stanley thermobecher ssued a profit warning.There is some pessimism that these sales may well have been achieved at the expense of heavy discounting, said Michael Hewson, chief market analyst at CMC Markets.HMrsquo second-largest shareholder, Harris Associates, has trimmed down its stake in the company in recent Dwrg US trade gap and jobless claims increase
Monday 19 July 2010 9:25 pm|Updated:Friday 31 May 2019 2:30 amProperty tycoons the Reuben brothers raise st stanley quencher ake in ArenaBy: KCS-contentSh polene bag areFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWh owala canada atsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBillionaire property investors David and Simon Reuben have raised their stake in Arena Leisure to a level just shy of the 30 per cent that would trigger a takeover bid for the British horsetrack operator.The operator of seven UK courses, including Doncaster, Royal Windsor and Wolverhampton, said in a regulatory filing yesterday that the Reubensrsquo; vehicle, Reuben Brothers Limited, had upped its holding to 107.6m shares or 29.55 per cent.The move by the Reubens could reignite speculation they want to combine Arena Leisure with the Northern Racing business they acquired for pound;90m in 2007.Northern Racing owns 10 British courses, including Chepstow and Uttoxeter.However, a spokesman for the Reubens dismissed such a scenario, saying the brothers were long term investors in Arena Leisure and had picked-up the additional stock after being offered it by Bank of Scotland. I donrsquo;t think itrsquo true, the spokesman said when asked if the Reubens planned a bid.Wersquo;ve been buying their shares from time to time. There was an opportunity to increase our stake, thatrsquo what we did, he added.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged con
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