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Halfords Group Gains Limelight Today. Here’s Why.
October 22, 2024 08:50 AM BST| By Team Kalkine MediaHighlights,Halfords reported flat like-for-like (LFL) sales at -0.1%, but achieved gross margin growth through price optimization and its "Better Buying" initiatives, helping to counter inflationary pressures.,Autocentres, which account for 40% of gr...
Canal+ Eyes £8 Billion Valuation in Potential London Stock Exchange Listing
October 22, 2024 08:49 AM BST| By Team Kalkine MediaHighlights:,Canal+ targets a valuation of up to £8 billion in a potential London Stock Exchange listing.,The listing is part of Vivendi’s break-up, with shareholders set to vote in December.,A successful listing could be the largest IPO in London sin...
Share Buyback Programme is Enhanced by Grafton Group
October 22, 2024 08:47 AM BST| By Team Kalkine MediaHighlights:,Grafton Group PLC has purchased 35,000 ordinary shares for cancellation as part of its active share buyback program.,The shares were acquired at an average price of £10.5582 each on the London Stock Exchange.,This initiative is part of a...
Genflow Biosciences (LSE:GENF) Secures €4 Million Funding to Advance Gene Therapy for MASH
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Genflow Biosciences (LSE:GENF) secures over €4 million in funding from Wallonia to advance its lead gene therapy, GF-1002.,The package includes a €1.2 million grant and a €2.8 million recoverable advance, supporting the development of MAS...
CleanTech Lithium Secures Payment Extension for Laguna Verde Project Amid ASX Listing Plans
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,CleanTech Lithium secures a payment extension for its Laguna Verde project in Chile.,The extension supports the company’s plans to complete its ASX listing later this year.,The Laguna Verde licences remain at 100% ownership and are part o...
Artemis Resources to Begin Drilling at Lulu Creek Gold Prospect
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Artemis Resources (LSE:ARV) to begin drilling at the Lulu Creek gold prospect in Western Australia.,Prior exploration revealed significant gold zones, with further promising targets identified by geophysical surveys.,The drilling program...
Intercontinental Hotels Group (LSE:IHG) Sees Continued Growth in RevPAR Despite China Slowdown
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Global RevPAR for IHG (LSE:IHG) increased by 1.5% in Q3, with strong performance in the Americas and EMEA.,RevPAR in China dropped by 10.3%, attributed to strong comparatives from the prior year.,IHG opened 17,500 rooms and signed agreeme...
Frasers Group (LSE:FRA) Acquisition Proposal Refused by Mulberry Group (LSE:MUL)
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Mulberry Group (LSE:MUL) rejects Frasers Group's (LSE:FRAS) 150p-per-share acquisition offer.,Frasers initiated the bid following Challice’s involvement in a £10 million fundraising round.,Frasers has until 28 October to submit a formal o...
Scancell Holdings (LSE:SCLP) Appoints Dr Phil L'Huillier as New CEO
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Scancell Holdings (LSE:SCLP) appoints Dr Phil L'Huillier as CEO, effective November 18.,Dr L'Huillier brings 30 years of experience in cancer immunotherapy and pharmaceutical development.,Professor Lindy Durrant will transition to focus s...
Sunda Energy PLC Progresses on Chuditch PSC Amid Regional Expansion
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Negotiations with Pacific LNG for project funding,are advancing following an exclusivity agreement.,Drilling for the Chuditch-2 well is set to begin,in the second quarter of 2025, delayed due to third-party activities.,Sunda Energy is pre...
Disney to Announce New CEO by Early 2026, Names James Gorman as New Chairman
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Disney aims to name its next CEO by early 2026,, providing a smooth transition before Bob Iger’s contract ends in December 2026.,James Gorman, currently executive chairman of Morgan Stanley,, will take over as chairman of Disney’s board s...
Faron Pharmaceuticals Pursues Partnerships for Bexmarilimab Development
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Faron Pharmaceuticals is seeking partnerships,to fund phase III development of its cancer drug, bexmarilimab.,Promising data from the BEXMAB trial,shows a 79% response rate in treating relapsed and refractory myelodysplastic syndrome (MDS...
International Distributions Services (LSE:IDS) Acquires Stake in Greece's Largest Parcel Delivery Firm
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,IDS (LSE:IDS) acquires a 20% stake in ACS, Greece’s largest parcel delivery firm, for €74 million.,The deal includes a call option to acquire the remaining 80% of ACS within two years.,The acquisition reflects IDS’s strategy to expand its...
HSBC (LSE:HSBA) Restructures Operations and Appoints New CFO
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,HSBC (LSE:HSBA) restructures into four business segments and two geographic markets.,Georges Elhedery outlines a focus on cost control and strategic growth.,Pam Kaur appointed as the new Chief Financial Officer, effective January.,HSBC Ho...
Mont Agoma Yields More Promising Metal Shows, Says Rome Resources
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Rome Resources reports promising mineralisation,in ongoing drilling at the Mont Agoma site in the DRC, particularly in hole 016A with a 67-meter zone of tin, copper, and zinc.,Further tin and copper mineralisation,has been observed in hol...
Newmark Security Highlights Surge in US Demand for Grosvenor Products
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Increased demand for GT4 and GT4-Lite devices,has led to market share gains against competitors.,Safetell division secures new contracts,with national retailers and extends existing agreements with major clients.,Revenue recognition from...
Mulberry Board Rejects Frasers Group's Unsolicited Offer, Focuses on Business Growth
October 22, 2024 08:43 AM BST| By Team Kalkine MediaHighlights,Mulberry's board unanimously rejected Frasers Group's revised cash offer to acquire the remaining share capital at 150 pence per share, deeming it untenable.,Challice Limited, Mulberry’s largest shareholder with 56.4% ownership, refused to...
Wickes Posts Revenue Growth as Installation Business Stabilizes
October 22, 2024 08:40 AM BST| By Team Kalkine MediaHighlights:,Group revenue increased 2.1%,to £391.3 million in Q3, driven by retail gains.,Retail revenue rose by 4.7%,, while D&I sales fell 7.1% but showed signs of stabilisation.,Wickes expects to meet full-year profit forecasts,, with shares risin...
Wickes Reports Over 2% Rise in Revenue and Market Share Gains in Q3 2024
October 22, 2024 08:37 AM BST| By Team Kalkine MediaHighlights,Wickes' retail division posted a,4.2% LFL sales increase in 3Q 2024,, driven by strong market share gains and volume growth.,The TradePro program saw a,16% year-on-year increase in sales,, with active members growing to,564,000,.,While D&I...
Sosandar expands into physical retail in H1 2024, expects revenue of £40 million in FY25
October 22, 2024 08:34 AM BST| By Team Kalkine MediaHighlights,Sosandar achieved a gross margin of,62.2%,in H1 2024, up from,55.4%,, through careful cost management and reduced promotional activity.,The company successfully launched its first three physical stores, with strong trading results, and pla...
