Tag Archives: High Street

Scotsman story in world’s longest tapestry

By hnn

IT WAS born out of the indignation at the attitude of newspapers to Edinburgh’s under-fire establishment. Now the origins of The Scotsman, dubbed the “Tenpenny Thunderclap” for its radical content, have been immortalised in tapestry.

The newspaper is to star in what will be billed as the world’s longest tapestry.

William Ritchie and Charles MacLaren, who founded The Scotsman, famously deployed a thistle emblem to prick the pomposity of the middle classes in the early 19th-century capital.

The two men, the date of the newspaper’s launch in 1817, its early nickname and its original address, 347 High Street, Edinburgh, all feature in The Great Tapestry of Scotland, which will be unveiled at the Scottish Parliament later this year. The panel features a quote from philosopher David Hume, written in shorthand by The Scotsman’s editor, Ian Stewart, which states: “It is seldom that liberty of any kind is lost all at once.”…

Bio:

Source:
The Scotsman (UK)

Source URL:
http://www.scotsman.com/lifestyle/arts/news/scotsman-story-in-world-s-longest-tapestry-1-3015998

Date:
7-29-13

…read more

Source: FULL ARTICLE at History News Network – George Mason University

Why Mothercare, WH Smith, and PZ Cussons Should Beat the FTSE 100 Today

By Alan Oscroft, The Motley Fool

Filed under:

LONDON — The FTSE 100 continues its slow recovery, having put on another 0.21% to reach 6,401 points by 8 a.m. EDT. The blue-chip index has been boosted by a 3% rise in the Marks & Spencer price after the retail chain reported its best-ever Easter Week for food. But on the downside, a number of our largest miners have begun to slip after a good couple of days.

But what of companies in the news? Here are three from the various indexes that are looking good today.

Mothercare
Mothercare shares have leapt 7.2% to 313 pence after the firm told us its U.K. store closure plan is ahead of schedule and sales have stabilized in its fourth quarter. While like-for-like sales are flat, the firm’s Direct Internet business saw an 18.2% rise in sales, prompting chief executive Simon Calver to say, “We can look ahead to the new year with confidence.”

With international sales rising by 15.5% during Q4 and the firm’s focus firmly on cash gross margin, Mothercare was able to confirm that underlying pre-tax profit for the full year is in line with market expectations.

WH Smith
Another High Street name is doing well today: Shares in WH Smith have climbed 3.8% to 773.5 pence on the release of interim figures. Total pre-tax profit for the group is up 5% for the six months to Feb. 28 to 69 million pounds. That led to bottom line earnings-per-share growth of 11% to 44.2 pence, enabling the company to lift its interim dividend by 13% to 9.4 pence per share.

The strong performance came from Smith’s two divisions: Travel saw a 7% rise in trading profit to 29 million pounds, while the equivalent High Street figure gained 2% to 48 million pounds.

PZ Cuzzons
Maker of toiletries and other household products PZ Cussons saw its shares rise 1.8% to 394 pence after the firm released an interim management statement. For the quarter to April 10, performance, including cash generation, was in line with management expectations.

Business is tough in some of the company’s markets, with its largest, Nigeria, facing social and political unrest. But the firm still believes the rest of the year should go according to expectations, and it should return to profitable growth.

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The article Why Mothercare, WH Smith, and PZ Cussons Should Beat the FTSE 100 Today originally appeared on Fool.com.


Alan

From: http://www.dailyfinance.com/2013/04/11/why-mothercare-wh-smith-and-pz-cussons-should-beat/

Greggs Lifts Dividend for 28th Consecutive Year

By Barry James, The Motley Fool

Filed under:

LONDON — Greggs , the High Street bakery chain, revealed total sales up 4.8% to 735 million pounds in its preliminary results to December 2012, although this included revenue from the opening of 100 net new shops. Like-for-like sales were disappointingly down 2.7%. Pre-tax profit also fell 2.2% to 51.9 million pounds. Greggs’ impressive dividend record continued, however, with the dividend per share up 1% to 19.5 pence.

Roger Whiteside, the recently appointed chief executive, commented:

Success in our new business channels coupled with new shop openings saw total sales growing again this year despite challenging market conditions.

We have reshaped our plans for 2013 to focus on our core estate by increasing investment in our successful new formats in “food on the go” and “local bakery.” At the same time we will continue to develop sales through new shop openings, and make further progress in new markets through our wholesale and franchise agreements.

Greggs’ revenues came under pressure during 2012 as shopper footfall declined in the midst of extreme weather conditions. The bakery shops still rake in the cash, though, to enable a steady increase in the dividend each year, albeit by just 1% this year to keep the trend going. Investors will be hoping for more robust sales figures in 2013 to underpin the dividend growth.

Investment in the form of 121 new shops opened during the year, bringing the total to 1,671 with 118 refurbishments. The chain also expanded into a new “local bakery” format selling the usual favorites in addition to new upmarket breads, cakes, confectionery and pizzas, with new layouts to offer a “more traditional bakery shop experience.” This is likely to affect like-for-like performance again in 2013 with increased shop closure periods, but the company will be hoping this shift in direction will ultimately expand their customer base.

Dividends are well covered at around 2 times earnings, and investors will be keenly watching to ensure Greggs can continue to increase those payouts in the future.

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The article Greggs Lifts Dividend for 28th Consecutive Year originally appeared on Fool.com.


Barry James doesn’t own shares in Greggs, but he has eaten one of their pasties. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance