Seymour Pierce

Seymour Pierce News

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  Cantor Acquires Seymour Pierce Units Out of Administration

  Cantor Fitzgerald LP, the U.S. brokerage led by Howard Lutnick, agreed to buy parts of Seymour Pierce Ltd., a 168-year-old British stockbroker, out of administration.

• Supergroup Sees Profit on Target on Faster Sales Growth

  Supergroup Plc, the U.K. owner of the Superdry fashion chain, said it expects to meet analyst profit expectations after reporting accelerated revenue growth over Christmas as it sold more jackets, knitwear and gifts.

• Darty Announces Chief of French Furniture BUT Chain to Be CEO

  Darty Plc picked Regis Schultz to replace Chief Executive Officer Thierry Falque-Pierrotin, choosing a manager who revamped a furniture unit formerly owned by France’s biggest consumer-electronics retailer.

• HMV Names Deloitte as Administrator While Seeking Sale

  HMV Group Plc, Britain’s biggest seller of CDs and DVDs, appointed Deloitte LLP as an administrator, becoming the U.K. retail industry’s second high- profile casualty in the space of a week.

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  HMV to Name Deloitte as Administrator While Seeking Sale

  HMV Group Plc, Britain’s biggest seller of CDs and DVDs, plans to appoint Deloitte LLP as an administrator, becoming the U.K. retail industry’s second high- profile casualty in the space of a week.

• Burberry Sales Beat Estimates on Demand for Expensive Lines

  Burberry Group Plc, the U.K.’s largest luxury-goods goods maker, reported third-quarter revenue that beat analyst estimates, sending the shares above the price they traded at before the company warned on profit in September.

• M&S’s Bolland May Have Year to Revive Clothing as Sales Slump

  Marks & Spencer Group Plc Chief Executive Officer Marc Bolland may have only a year to prove he can revive Britain’s biggest clothing retailer after reporting a sixth straight quarterly drop in non-food sales.

• Debenhams Clashes With Next Over Promotions as Margin Goal Cut

  Debenhams Plc, the second-largest U.K. department-store chain, opposed a claim by competitor Next Plc that Christmas discounting was less than last year as it cut its forecast for full-year margin growth.

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  Next Raises Profit Target as Christmas Sales Beat Estimates

  Next Plc, the U.K.’s second-largest clothing retailer, said full-year profit will at least be at the higher end of its forecast after Christmas sales beat estimates.

• Former Seymour Pierce Manager Is Banned by Financial Regulator for Fraud

  A former manager at Seymour Pierce Ltd., a London-based investment bank, was banned by Britain’s financial regulator for defrauding the company and clients out of nearly 300,000 pounds ($429,000).

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