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Retail
Inditex Poised for Possible Guidance Upgrade Ahead of Q3 Results
December 06, 2024 10:23 PM AEDT| By Team Kalkine MediaHighlights,Inditex’s third-quarter results on 11 December could bring an upgrade to its full-year outlook.,UBS forecasts 11.5% sales growth in Q3, with earnings expected to exceed consensus at €2.31 billion.,Shares have risen 42% this year, driven by...
Inditex Poised for Possible Guidance Upgrade Ahead of Q3 Results
December 06, 2024 10:06 PM AEDT| By Team Kalkine MediaHighlights,Inditex’s third-quarter results on 11 December could bring an upgrade to its full-year outlook.,UBS forecasts 11.5% sales growth in Q3, with earnings expected to exceed consensus at €2.31 billion.,Shares have risen 42% this year, driven by...
Marks & Spencer’s Marble Arch Redevelopment Gets Government Approval
December 06, 2024 10:06 PM AEDT| By Team Kalkine MediaHighlights,Government overturns block on Marks & Spencer’s flagship Marble Arch redevelopment plans.,Project to rejuvenate Oxford Street with a new flagship store, office space, and 2,000 jobs.,Sustainability and urban regeneration at the heart of th...
Watches of Switzerland Gains Investors' Limelight Today. Here's Why.
December 05, 2024 07:39 PM AEDT| By Team Kalkine MediaHighlights,Group revenue for H1 FY25 increased by 4% at constant currency, with luxury jewellery driving significant growth.,US performance showed strong recovery, while UK & Europe experienced stabilization in the luxury sector.,The Group remains co...
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Frasers Group Advances Elevation Strategy in H1 FY25 H1 Despite Challenging Trading Conditions
December 05, 2024 07:24 PM AEDT| By Team Kalkine MediaHighlights,Adjusted Profit Before Tax (APBT):,Decreased by 1.5% to £299.2 million, reflecting dual running costs and a decline in non-core revenue streams.,Revenue Impact:,Retail revenue dropped by 8.4%, driven by challenges in the luxury market and...
OECD Warns of Slower Rate Cuts Amid Inflation Concerns and Revised Economic Outlooks
December 05, 2024 01:48 AM AEDT| By Team Kalkine MediaHighlights,OECD predicts global interest rates, including the UK, will decline more gradually than anticipated.,UK’s 2024 GDP growth forecast reduced to 0.9%, with a boost to 1.7% for 2025.,US growth forecasts raised to 2.4% for 2024, driven by stron...
On the Beach Group Reports Record TTV in FY24 and Sets Ambitious Growth Targets
December 03, 2024 09:41 PM AEDT| By Team Kalkine MediaHighlights:,Record Performance:,Total Transaction Value (TTV) grew 15% to £1.2 billion, with revenue up 14% to £128.2 million, driven by strong market demand and operational efficiency.,Shareholder Returns:,Announced a £25 million share buyback progr...
Greencore Group Reports Profit Growth and New Partnerships Despite Revenue Decline
December 03, 2024 09:39 PM AEDT| By Team Kalkine MediaHighlights:,Profit Surge:,Greencore posted a 36% increase in profit before tax to £61.5 million, supported by improved gross margins despite a 5.6% decline in sales.,New Partnership:,The group secured a long-term supply deal with Costa Coffee, enhanc...
SSP Group Reports Robust Growth Amid Global Recovery, Sees Positive Outlook
December 03, 2024 09:37 PM AEDT| By Team Kalkine MediaHighlights:,Strong Profit Growth:,SSP Group posted a 26% increase in operating profit for the year ending September 2024, driven by a 14% rise in revenue.,UK and US Lead Growth:,UK and US operations outpaced other regions, with 26% and 47% profit gro...
November Retail Sales Plunge Amid Economic Uncertainty and Delayed Black Friday Boost
December 03, 2024 12:19 AM AEDT| By Team Kalkine MediaHighlights:,Largest November Decline Since Covid:,Retail sales dropped by 5.8%, with both online and in-store segments significantly impacted.,Delayed Black Friday Impact:,A later Black Friday weekend and reduced household spending contributed to the...
Burberry Set for Revival as Deutsche Bank Highlights Turnaround Potential
December 03, 2024 12:00 AM AEDT| By Team Kalkine MediaHighlights:,Deutsche Bank Upgrades Burberry to ‘Buy’:,Analysts express optimism over Burberry’s turnaround strategy and expected sector recovery in 2025.,Chinese Consumer Weakness Viewed as Cyclical:,Deutsche predicts a rebound in Chinese luxury dema...
Supreme PLC’s Acquisition of Typhoo Tea: A Strategic Expansion into New Horizons
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Supreme Acquires Typhoo Tea for £10 Million:,The deal secures jobs and strengthens Supreme’s diversified portfolio.,EPS Growth Anticipated:,Analysts highlight Supreme’s strong balance sheet and entrepreneurial spirit, expecting the acquis...
Topps Tiles Defends Strategy Amid Investor Criticism Over Market Adaptation
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Market outperformance:,Topps Tiles highlights a 5.4% revenue decline compared to a 10-15% wider market contraction.,Focus on digital expansion:,The company asserts that 18% of revenues are now generated online after significant digital in...
Boohoo Group Takes Key Step in Refinancing Strategy with Loan Repayment
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Boohoo repays £50 million loan:,Part of a larger refinancing strategy, reducing its term loan balance to £47 million.,Funding raised through share placing and stock reduction:,A combination of capital raising and operational efficiencies...
Loungers PLC Secures Support for £338 Million Fortress Takeover
November 29, 2024 08:19 PM AEDT| By Team Kalkine MediaHighlights:,Fortress Takeover Offer:,Loungers PLC has received a 310p-per-share cash offer from US private equity firm Fortress, valuing the company at £338 million.,Key Shareholder Backing:,Canaccord Genuity Asset Management, a significant sharehold...
Caffyns Reports Improvement in Half-Year Financial Performance Results, Shares Optimistic Outlook
November 29, 2024 06:36 PM AEDT| By Team Kalkine MediaHighlights,Caffyns reported a 3% increase in revenue for H1 FY25 and a £0.45 million underlying profit before tax, reflecting improved financial performance.,The company’s focus on premium franchises, used cars, and aftersales services continues to d...
AO World Reports Continued Profit Growth and Operational Efficiency in HY25
November 26, 2024 07:16 PM AEDT| By Team Kalkine MediaHighlights,Adjusted profit before tax increases by 30%, reaching £17 million with a PBT margin of 3.3%.,B2C Retail revenue grows by 13%, driving overall group revenue growth of 6%.,Free cash flow up to £14 million, and revolving credit facility exten...
Halfords Group shares jump on Tuesday. Here's Why.
November 26, 2024 07:11 PM AEDT| By Team Kalkine MediaHighlights,Group like-for-like sales show slight decline of -0.1%, reflecting mixed performance across Autocentres and Retail segments.,Gross margin improved by 160bps YoY to 49.4%, driven by price optimisation and Better Buying programme.,Strategic...
Kingfisher Reports £3.2 Billion in Q3 Sales Amid Challenging Market Conditions
November 26, 2024 01:27 AM AEDT| By Team Kalkine MediaHighlights,Q3 sales flat at £3.2 billion, with like-for-like (LFL) sales declining by 1.1%.,UK & Ireland showed growth driven by Screwfix (+1.8% LFL) and TradePoint (+4.9% LFL).,Adjusted profit before tax (PBT) guidance narrowed to £510–540 million f...
DFS Furniture Reports Momentum Continuation in FY25, Announces CFO Appointment
November 23, 2024 02:47 AM AEDT| By Team Kalkine MediaHighlights,Order intake growth sustained:,DFS sees continued year-on-year growth in order intake, aligning with expectations.,Cost-efficiency focus:,Ongoing efforts to streamline costs yield positive results into FY25.,New CFO appointed:,Marie Wall t...
AI on the Rise: A Look at Top AI Companies and Their Stocks