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24/03/2006
House of Fraser reports small profits rise
Department store House of Fraser has reported a rise in annual profits and better-than-expected sales in the first seven weeks of 2006.
The department store chain said that annual profits rose by 4.6% in the year to January 28, although same-store sales dropped by nearly 4%.
However, the rate of sales decline slowed to 1.3% in the seven weeks afterwards, the firm reported.
House of Fraser CEO John Coleman said: "We previously expected trading during the first half of 2006 to be difficult, although we are pleased that the first seven weeks have been ahead of our original expectations."
Chairman Michael Wemms said: "Whilst we are encouraged by the start we have made for the year, we do anticipate that the retail market will continue to be difficult for at least the first half of 2006."
The announcement of the figures comes a week after the collapse of discussions about a possible takeover between House of Fraser and a third party - believed to be private equity firm Apax Partners.
Analysts had placed a price tag of £300 million on the firm.
House of Fraser, which also owns the Jenners and Beatties chains, has 60 stores in the UK, as well as one store in Dublin, Ireland.
(KMcA)
The department store chain said that annual profits rose by 4.6% in the year to January 28, although same-store sales dropped by nearly 4%.
However, the rate of sales decline slowed to 1.3% in the seven weeks afterwards, the firm reported.
House of Fraser CEO John Coleman said: "We previously expected trading during the first half of 2006 to be difficult, although we are pleased that the first seven weeks have been ahead of our original expectations."
Chairman Michael Wemms said: "Whilst we are encouraged by the start we have made for the year, we do anticipate that the retail market will continue to be difficult for at least the first half of 2006."
The announcement of the figures comes a week after the collapse of discussions about a possible takeover between House of Fraser and a third party - believed to be private equity firm Apax Partners.
Analysts had placed a price tag of £300 million on the firm.
House of Fraser, which also owns the Jenners and Beatties chains, has 60 stores in the UK, as well as one store in Dublin, Ireland.
(KMcA)
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29 February 2008
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
January House Prices Show Slight Increase
House prices in England and Wales increased by just 0.9% in January, according to the latest monthly figures from Land Registry. The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7% last month to 6.4% this month. London experienced annual price growth of 13.
13 August 2007
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
House Prices Rise By 12% In June
UK annual house price inflation in June 2007 was 12.1%, up from 10.8% in May 2007. Annual house price inflation in London was 17.5% in June, up from 14.3% in May. The UK annual house price inflation rate for the 3 months to June was 11.3% and 15.1% in London. The UK house price inflation rate rose from 10.8% in May 2007 to 12.1% in June 2007.
26 January 2007
One man killed in London double shooting
One man has been killed and another has been injured in a shooting in a flat in west London. The shooting happened at Fraser House on Green Dragon Lane in Brentford just before 9:30pm on Thursday night. It is understood that one man was shot in the head, while the other was shot in the shoulder.
One man killed in London double shooting
One man has been killed and another has been injured in a shooting in a flat in west London. The shooting happened at Fraser House on Green Dragon Lane in Brentford just before 9:30pm on Thursday night. It is understood that one man was shot in the head, while the other was shot in the shoulder.
12 December 2005
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
House price inflation drops
Annual house price inflation dropped again in October, according to the latest figures from the Office of the Deputy Prime Minister. House price inflation was 2.2% in October, a fall from September’s figure of 3.3%. The ODPM reported that the average house price in the UK was £186,103 in October, compared with £186,755 in September.
12 April 2005
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
UK house prices fall, report shows
UK house prices fell by 0.5% between January and February, figures from the Office of the Deputy Prime Minister (ODPM) have shown. The drop in prices, which saw the average house price in the UK in February fall to £179,491 from £180,465 in January, is smaller than the 1% fall reported in the same period last year.
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Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
