Mothercare PLC (MTC.L)
14 Oct 2019
Fri, Jul 26 2019
* Interactive graphic on Mothercare's performance here https://tmsnrt.rs/2HWV8dn (Adds details on sector, debt, share price)
July 26 Struggling British baby products retailer Mothercare Plc said on Friday its annual underlying pretax profit would not grow as it grapples with an uncertain and volatile home market along with fragile consumer confidence.
July 25 Mother-and-baby goods group Mothercare Plc is in talks to sell or franchise its UK store operations, Sky News reported on Thursday.
Embattled UK retailer Mothercare Plc slashed its outstanding net debt to just under 7 million pounds last year as it completed a programme of store closures that its leadership hopes will put the company on a more solid financial footing.
* Shares rise by as much as 20% (Adds details of restructuring, analyst comment)
May 24 Britain's main index firmed on Friday, helped by strong gains in mining heavyweights, while retailer Mothercare jumped after it reported a narrower annual loss and a lower debt burden.
May 24 Embattled UK retailer Mothercare Plc racked up another 67 million pounds in pre-tax losses in the year ending 2018 as it completed a programme of store closures that its leadership believes will put the company on a more solid financial footing.
May 23 Baby products retailer Mothercare Plc said on Thursday it would delay unveiling full-year results by one day due to the complexity surrounding its restructuring, store closures and divestments. The company's main UK business has been losing money for more than a decade as its traditional place on the UK high street collapses in the face of a new generation of online players, forcing the company to unveil a survival plan in July that closed over a third of its UK stores.