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Share Name | Share Symbol | Market | Type |
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Pegasystems | TG:PEA | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-1.50 | -2.31% | 63.50 | 65.00 | 65.50 | 63.50 | 63.50 | 63.50 | 40 | 17:58:42 |
RNS Number:5923N Peacock Group PLC 16 July 2003 16 July 2003 THE PEACOCK GROUP PLC AGM STATEMENT At today's AGM of the Company, John Lovering, Chairman, will say: "Since the year end, the Group has continued to make excellent progress. This is being driven by our success in exploiting the strong underlying growth of our value markets through the rollout of the new format stores and the more fashionable lines at Peacocks, and the continuing success of bonmarche in exploiting its distinct market position. Overall Group like-for-like sales in the first quarter of the current financial year to 29 June 2003 are up 10.8% over the comparable period last year. Like-for-like gross profit is up 13.6% for the Group. The Peacocks division has achieved like-for-like sales growth of 8.1% in the first quarter with like-for-like gross profit up 9.1%. Our refurbishment programme is being rolled out with a further 29 stores converted to the new format in the first quarter bringing the total to 106 stores. We have also opened 7 new stores, including 1 relocation, and closed 1 store, bringing the chain to 375 stores across the country. 112 stores (30% of the chain) are now in the new format. The bonmarche division has achieved like-for-like sales growth of 15.5% in the first quarter with like-for-like gross profit up 21.1%. We now operate from 280 locations, having opened 11 new stores and closed 1 store in the first quarter. Despite the strong growth in sales, stock continues to be held under tight control at levels some #19 million (at selling prices) lower than at the same point last year. Shareholders are reminded that it is early in the financial year and the comparative period was one of the weakest last year. Whilst the Group performance looks very encouraging, the overall trading environment remains highly competitive. " The Peacock Group is a leading UK value for money retail business with two distinct, national brands. Peacocks sells clothing, footwear and homewear, with a growing focus on good value fashionable womenswear and menswear for the 25 to 45 age group. bonmarche aims to be the first choice destination store for womenswear customers of 45 and over. An analyst conference call will be held this morning at 08.30am with a replay facility subsequently available. For details please call James Hill or Rebecca Ghent on 020 7796 4133. Enquiries :- Andrew Hayes/James Hill Hudson Sandler Limited Telephone : 020 7796 4133 This information is provided by RNS The company news service from the London Stock Exchange END AGMBLGDRCSBGGXU
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