Investments and investor services
FTSE 100 closes lower as UK Prime Minister pulls plug on key Brexit vote
The UK premier index finished down around 56 points at 6,721 on Monday
Company
LON:SDRY
SuperDry (previously SuperGroup PLC) is a distinctive branded UK fashion retailer offering quality clothing and accessories. It operates a multi-channel business through a combination of Cult and Superdry standalone stores, Superdry concessions, e-Commerce and its UK and International Wholesale operations.
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Investments and investor services
The UK premier index finished down around 56 points at 6,721 on Monday
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Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
Sales at SuperDry stores dropped 2.3% as high street retailers come under pressure from falling footfall
Investments and investor services
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
Debenhams could scrap the dividend and announce a wave of store closures as it seeks to turn the business around
Dunkerton said he believes SuperDry is on the “completely wrong path” after “probably the most disastrous eight months you could imagine”
If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street
A number of companies that operate concessions inside big UK department stores have issued profit warnings of late, so is there still a place on the high street for House of Fraser, Debenhams and co?
Lower demand for sweats and jackets during unseasonably hot weatherwill likely reduce full-year profit by £10mln
Investments and investor services
Britain's blue-chip benchmark finished up around 31 points at 7,029
HoF owes its suppliers £484mln, according to documents from administrators EY
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
Liberum said the decision by the Superdry co-founder to sell the stake potentially raises the question of what he thinks of the value of the share price
“We believe now is an attractive entry point into a story with self-help opportunities, margin expansion potential and strong cash generation,” the analysts said
"Whilst the consumer environment continues to be challenging, the board remain confident that Superdry is a uniquely advantaged...," said Superdry CEO Euan Sutherland
Investments and investor services
FTES 100 was up 38 points to 7,611 in early afternoon trading
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Homes - built by Bovis and Persimmon and listed for sale by Purplebricks - will be in focus on Thursday, as will clothes sold by Primark and SuperDry.
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The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
In a note to clients, analysts at Liberum said the share price fall offers better value
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In a pre-close trading statement, the FTSE 250-listed firm said its store sales fell by 6% to £86.1mln in the 16 weeks to 28 April 2018 , compared to £91.6mln a year earlier
Investments and investor services
The blue-chip index closed around 38 points higher at 7,700
Investments and investor services
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
The FTSE 250-listed firm said Nick Wharton will remain a director of the company and Superdry’s chief financial officer until July 16
The FTSE 250 fashion retailer said Dunkerton would step down as a director from 31 March 2018, adding he was resigning to devote more time to his other businesses and charitable interests
Its clothes may be worn predominantly by thirty-something men unaware they are no longer teenagers, but Cazenove reckons it combines "elements of classic and streetwear"
Shares fell as investors took gains after a three-month rally