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Consumer
Frasers Bids for Mulberry to Prevent 'Debenhams Scenario'
September 30, 2024 09:30 PM AEST| By Team Kalkine MediaHighlights,Frasers Group PLC has made a 130p per share offer to acquire the remaining 43% of Mulberry Group PLC shares, valuing the company at £83 million.,The acquisition aims to prevent a situation similar to Debenhams, where a viable business face...
UK House Prices Experience Largest Increase in Two Years
September 30, 2024 09:11 PM AEST| By Team Kalkine MediaHighlights,UK house prices rose by 0.7% month-on-month and 3.2% year-on-year in September, marking the fastest annual growth in two years.,The average house price reached £266,094, approximately 2% below the record highs of summer 2022.,Most regions...
Aston Martin Cautions on Profits Amid Supply Chain Challenges
September 30, 2024 07:49 PM AEST| By Team Kalkine MediaHighlights,Aston Martin Lagonda Global Holdings PLC projects lower-than-expected profits and negative cash flow for 2024 due to supply chain disruptions.,Production delays and weak demand in China are impacting wholesale volumes and profitability.,Th...
Mulberry Group (LSE:MUL) announces £750,000 retail offer
September 30, 2024 05:18 PM AEST| By Team Kalkine MediaMulberry Group plc (LSE:MUL),, the British sustainable luxury brand, has announced a conditional retail offer to issue up to,750,000 new ordinary shares,at an issue price of,100 pence,per share. This price reflects a,14.9% discount,to the closing mar...
Playtech’s (LSE:PTEC) 1HFY24 performance driven by B2B segment, optimistic about FY24 outlook
September 30, 2024 05:11 PM AEST| By Team Kalkine MediaPlaytech (LSE:PTEC), a leading provider of platforms, content, and services in the online gambling industry, has reported robust financial results for the first half of 2024, demonstrating strong operational performance and strategic advancements.,St...
Aston Martin Revises 2024 Profit Forecast Amid Supply Chain Issues and Weak Demand in China
September 30, 2024 04:57 PM AEST| By Team Kalkine MediaHighlights:,Profit Revision for 2024:,Aston Martin revises its full-year profit forecast due to supply chain issues and weak Chinese demand.,Lower Wholesale Volumes:,Wholesale volume guidance is cut by 1,000 units as the company adjusts to tough mark...
FTSE 100 Live: Stocks on Track to Extend Last Week's Gains
September 30, 2024 04:19 PM AEST| By Team Kalkine MediaHighlights,Positive Start for FTSE 100,: The index is poised to open higher, reflecting last week's gains.,Chinese Economic Measures Boost Sentiment,: Rate cuts and government funding in China contribute to optimism for Asia-focused sectors.,Upcoming...
Moncler Shares Surge Following LVMH Stake Acquisition
September 28, 2024 01:40 AM AEST| By Team Kalkine MediaHighlights:,Stock Surge:,Moncler shares rose significantly after LVMH acquired a 10% stake in Double R, the investment vehicle controlled by Remo Ruffini.,Strategic Collaboration:,The partnership signals a deeper relationship between Moncler and LVMH...
Roebuck Food Group Reports Strong Revenue Growth Amid Strategic Restructuring
September 28, 2024 01:31 AM AEST| By Team Kalkine MediaHighlights:,Revenue Surge:,Roebuck reported a significant rise in H1 revenue to £5.97 million, up from £1.66 million last year.,Strategic Shift:,The group divested two subsidiaries and redefined its focus on climate-friendly agricultural technologies...
Totally PLC Secures Two New Contracts Worth £6.1 Million; Shares Surge 12%
September 27, 2024 09:41 PM AEST| By Team Kalkine MediaSummary:,Two New Contracts Secured:,Totally PLC wins two new contracts collectively valued at £6.1 million, including a £5 million insourcing deal.,NHS 111 Extension:,The company extends its NHS 111 online service contract by an additional £1.1 milli...
World Chess Announces Strategic Investment; Shares Surge by 14%
September 27, 2024 09:38 PM AEST| By Team Kalkine MediaHighlights:,Strategic Investor Enters:,Blitz Intelligence FZCO becomes a new strategic partner, acquiring shares at a 58.6% premium.,Capital Injection:,The €1.2 million investment will be made in three instalments, with the final payment due by Janua...
Greggs Set to Report Strong Q3 Results Amidst Growth and Expansion Plans
September 27, 2024 09:33 PM AEST| By Team Kalkine MediaHighlights:,Greggs gears up for Q3 results,: Trading update expected to reflect strong growth and strategic expansion.,Expansion plans continue,: Target of 140-160 new store openings set to drive future growth.,Positive profit outlook,: AJ Bell proje...
Carnival’s Q3 Update Eyed Amidst Strong Revenue Growth
September 27, 2024 09:18 PM AEST| By Team Kalkine MediaHighlights:,Carnival to release Q3 update Monday,: The company’s record Q2 saw an 18% revenue rise driven by strong ticket sales and onboard spending.,Debt remains a major concern,: Net debt is around $27 billion, exceeding its total market value.,Fo...
REA Group Pushes for Rightmove Deal Amid Potential Hostile Takeover
September 27, 2024 06:16 PM AEST| By Team Kalkine MediaHighlights:,REA Group tables fourth bid for Rightmove,: Revised £6.2 billion offer, urging board to engage before 30 September deadline.,Potential hostile takeover,: Frustration over lack of response sparks speculation on an aggressive strategy.,REA...
Cranswick (LSE:CWK) Shares Optimistic Outlook for Upcoming Half
September 27, 2024 05:01 PM AEST| By Team Kalkine MediaCranswick (LSE:CWK), a prominent UK food producer, has released a trading update for the 26 weeks ending September 28, 2024, highlighting a stronger-than-expected performance in its core business areas. The company attributes its success to robust vo...
IG Design Group Shares Plunge 20% After Earnings Warning
September 27, 2024 12:52 AM AEST| By Team Kalkine MediaHighlights,IG Design Group PLC shares fall 20% after a profit warning ahead of its annual meeting.,Adjusted profits are expected to grow over 20%, but will still be up to 10% below market forecasts.,Revenue decline in the DG Americas division attribu...
Mitchells & Butlers Reports Steady Sales Growth Amidst Industry Challenges
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Steady Annual Sales Growth,: Mitchells & Butlers reported a 5.2% rise in like-for-like sales for the 51 weeks ending 21 September.,Strategic Expansion and Remodeling,: The company completed 185 site remodels and opened six new locations,...
Diageo Rallies Despite Cautious Outlook Amid Industry Challenges
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Cautious Update, Unexpected Rally,: Diageo shares rose despite a challenging outlook in a tough global environment.,Premiumisation Woes,: Declining sales in high-end spirits contribute to concerns over the company’s growth trajectory.,Pot...
Sorare Faces Gambling Commission Charges Over Unlicensed Operations in the UK
September 27, 2024 12:38 AM AEST| By Team Kalkine MediaHighlights:,Sorare charged for unlicensed gaming in the UK,: The Gambling Commission claims Sorare’s platform operates without proper licensing.,Company denies charges,: Sorare disputes the classification as a gambling product under UK laws.,Previous...
Funding Round Gains Strong Backing from ATOME’s Management
September 26, 2024 09:12 PM AEST| By Team Kalkine MediaHighlights:,ATOME raised £2.25 million through a share placement and director subscription.,Directors and management contributed £1.5 million, reflecting strong internal support for the strategy.,Funds will support Final Investment Decision (FID) at...
AI on the Rise: A Look at Top AI Companies and Their Stocks