Struggling Mothercare said Friday that its company voluntary arrangement (CVA) proposals for certain of its subsidiaries had been approved by its creditors. The shares rose despite the firm dropping out of the FTSE100.
Online grocer and technology company Ocado entered Britain's index of biggest companies on Wednesday in a quarterly reshuffle of the FTSE 100 which clearly showed the zeitgeist in a disrupted retail industry.
Moss Bros sales rose but its profits fell in its latest year and its previously-flagged supply issues have dented the start of its new year too. But it says the prospects are brighter, despite a profits warning.
Moss Bros has seen a perfect storm of problems. Its supplier consolidation has backfired in the short term causing stock shortages, while bad weather and consumer caution have hurt turnover and led to a profit warning.