| CATEGORY: MARKET REPORT - MIDDAY SECTOR: PERSONAL GOODS |
Brands: Umbro, Boots, Robert Wiseman, M&S, EMI, Big Food Group |
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Fri 28 May 2004
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LONDON (SHARECAST) - A weekly round-up of the latest brands hitting the headlines
Umbro
Football kit maker Umbro may be forced to slash the asking price of its shares ahead of the planned stock market debut listing, having already announced its intention earlier this month to float at between 150p and 190p per share
Boots
Pharmacy retailer Boots had some good news for its beleaguered investors this week as it announced plans to return £700m to shareholders over the next few years as it already earmarks cash to improve its stores
Big Food Group
Frozen food supermarket group Iceland is keeping the lid on growth at Big Food Group it has emerged, as the retailer said sales across the group have declined in recent weeks.
Robert Wiseman
Dairy group Robert Wiseman Dairies lost a fifth of its value in one day this week after Asda terminated its milk supply contract with the group, preferring instead to use rival Arla Foods.
Marks & Spencer
High street retailer Marks & Spencer was gloomy as it confirmed it is facing faltering food sales as well as a stalled recovery in its clothing business, however news that Philip Green is considering a bid for high street giant pleased investors later on.
EMI
Music group EMI announced full-year losses as it said its share of the UK and Ireland market declined over the year, although the group said it was seeing evidence that its efforts to fight piracy were making a difference, notably in the US.
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