Dixons, Marks and Spencer post disappointing results

Article Abstract:

Dixons Group PLC and Marks and Spencer PLC are going through tough times. The retail industry giants report a decrease in their share prices, and a weak sales record over the Christmas period.

Statistical Data Included, Brief Article

Marks & Spencer posts earnings drop, unveils plans to restructure operations

Article Abstract:

Marks & Spencer PLC posted a major decline in earnings for the year ending on March 31, 1999. The company reported a 41% drop in earnings to 655.7 million pound sterling ($1.06 billion) for the year. During the year before, Marks & Spencer posted 1.11 billion pound sterling. The company also announced a comprehensive restructuring of its operations. Marks & Spencer said it would reduce its work force, decentralize its management structure, and overhaul its purchasing operations in order to improve its earnings.

Comment:

Posts 41% decline in earnings for year ending March 31, 1999;announces restructuring

Organizational history, Abstract

Dixons posts solid results ahead of Freeserve float

Article Abstract:

Dixons Group PLC posted an improvement of 9% in its pretax profits for the year ending on May 1, 1999. The group's pretax profits increased to 237.1 million pound sterling (361.8 million euros). Dixons, the largest electrical products retailer in Great Britain, also said it would create up to 3,000 new jobs. In 1998, the group posted 217.6 million euros in pretax profits.

Comment:

Posts improvement of 9% in pretax profits for year ending on May 1, 1999