Isa deadline looms for New Star investors
February 11, 2010 by admin · Leave a Comment
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By
James Salmon
Last updated at 6:51 PM on 11th February 2010
Around 70,000 investors with stricken fund manager New Star have until Monday (February 15) to decide what to do with their Isa. The looming deadline has raised concerns that some investors - holding around £900 million in New Star Isas - could lose some of their Isa allowance forever by withdrawing their money. New Star was bought out by Henderson last January in a rescue deal worth £115 million.
Quick decision: New Star investors have just a few days to decide what to do with their Isa funds
Jessops equity reduced to £100000
September 29, 2009 by admin · Leave a Comment
By James Hall, Retail Editor
Published: 8:39PM BST 29 Sep 2009
The troubled chain said that HSBC,
its bank, had wiped out £34m of debt in exchange for a 47pc stake as part of
the restructuring.
Jessops floated in 2004 at
155p per share, valuing the chain at £160m.
Over the past five years the company has been hit by rampant price deflation
and overexpansion of its store estate.
N Brown broadens niche with High & Mighty
September 11, 2009 by James Hale · Leave a Comment
High & Mighty, the niche fashion retailer for tall men, has been bought by
N Brown, the home shopping group best known for its ranges for large women.
N Brown, based in Manchester, confirmed this morning that it had acquired the
brand, website, stock and assets of 14 High & Mighty stores for £1.6
million from PricewaterhouseCoopers through a pre-pack administration — the
process whereby a buyer is lined up for a struggling company before it goes
into liquidation.
It said High & Mighty “fits in with N Brown’s strategy to focus on niche
products and customers”, and cited the “excellent opportunity to create a
multi-channel retail business with this brand comprising a portfolio of
stores in major cities complemented by the reintroduction of catalogues and
the development of the online offer”.
Dell sees quarterly profits slip
November 21, 2008 by samsonites · Leave a Comment
US computer maker Dell has seen its quarterly profits slip 5%, as customers worldwide bought fewer computers.
Dells profits in the third quarter were $727m (£492.3m), down from $766m in the same period last year. Read more
