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Mothercare raises GBP95m through rights issue

2014-10-27 11:25:00| Daily apparel & textile news and comment - from just-style.com

Struggling mother and baby products retailer Mothercare has raised around GBP95m (US$153m) from its rights issue, which it hopes will help turn the fortunes of the company's UK operations around.

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UK: Andersons report raises fears that availability of UK apples,...

2014-10-25 13:38:58| Agriculture - Topix.net

NFU vice president Guy Smith, who farms at St Osyth, near Clacton, describes the Andersons report on the growing restrictions on PPPs as "important and timely" The availability of British foods could be drastically reduced because of growing restrictions on the use of certain chemicals to control weeds, disease and pests, a controversial report has warned. The Healthy Harvest report released this week by farm business consultants Andersons and commissioned by the National Farmers' Union , Agricultural Industries Confederation and Crop Protection Association , focuses on the economic impact of plant protection products on UK agriculture and the wider economy.

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MTN Group raises FY subscriber growth forecast

2014-10-23 10:07:00| Telecompaper Headlines

(Telecompaper) MTN Group has raised its full-year subscriber guidance, saying that it plans to add 17.5 million net subscribers this year, compared with previous guidance of 17.25 million. It said growth in its domestic South African market helped offset contraction in its largest market, Nigeria. The MTN customer base grew 2 percent to 219 million in the three months to September. Performance was hit by continued aggressive competition and stringent regulatory requirements, CEO Sifiso Dabengwa said. The improved outlook is based on improved customer growth in South Africa, Cameroon and Iran, offset by weaker results in Nigeria. 

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Nokia raises FY margin outlook after strong Q3

2014-10-23 08:53:00| Telecompaper Headlines

(Telecompaper) Nokia reported strong improvement in third-quarter results, driven by new LTE contracts in North America and China. Net sales rose 13 percent year-on-year to EUR 3.32 billion, and adjusted operating profit was up 33 percent to EUR 457 million. Net profit increased to EUR 760 million from EUR 138 million, and adjusted EPS rose 50 percent to EUR 0.09. The bottom line was impacted by a charge of EUR 1.2 billion to write down the value of goodwill at the location services unit Here. This was offset by a one-time benefit of EUR 2.1 billion on deferred tax assets in Finland and Germany. The strong operating results led to an upgrade in the outlook for Nokia Networks. The company now expects an annual operating margin of around 11 percent, versus its previous forecast for the high end of its long-term target range of 5-10 percent. The margin was 13.5 percent in Q3 and 11.5 percent over the first nine months of the year. The forecast is based on a high proportion of mobile broadband sales in Q3 and an expected higher proportion of service revenues in Q4. 

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UPDATE 2-Select Comfort raises full-year profit forecast

2014-10-23 06:54:48| Furniture - Topix.net

Select Comfort Corp raised its full-year profit forecast after its quarterly profit and revenue beat average analyst expectation, driven by demand for its Sleep Number adjustable mattresses. The company, whose shares rose 13 percent to $24.40 in extended trading, also increased its share buyback program to $250 million.

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