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Next Boosts Full-Year Outlook After Strong First Half
September 19, 2024 08:59 AM BST| By Team Kalkine MediaNext plc,(LSE:NXT),has confirmed recent speculation by upgrading its yearly sales forecasts following a strong first half performance. The online and retail fashion group reported a 7.1% year-on-year increase in profit before tax, amounting to £452 m...
Goldman Sachs Boosts InterContinental, Cuts Whitbread Rating
September 18, 2024 04:16 PM BST| By Team Kalkine MediaOn Wednesday, Goldman Sachs revised its ratings for two prominent hotel groups, upgrading InterContinental Hotels Group (LSE:IHG) to ‘buy’ from ‘neutral,’ while downgrading Whitbread, the owner of Premier Inn, to ‘neutral’ from ‘buy.’ This change is...
Mohsin Issa, Asda Co-Owner, Steps Down from Executive Role
September 18, 2024 01:40 PM BST| By Team Kalkine MediaAsda Stores Ltd has announced that Mohsin Issa will step down from his executive leadership role to concentrate on his position as chief executive of EG Group. This change comes amid mounting pressure from Asda chair Stuart Rose, who had been advocat...
Bloomberg Reports: Reckitt in Talks to Sell £6B Homecare Portfolio
September 18, 2024 01:12 PM BST| By Team Kalkine MediaReckitt Benckiser Group PLC (LSE:RKT) is reportedly in negotiations with potential buyers to offload its £6 billion homecare division, which includes well-known brands such as Air Wick, Mortein, Calgon, and Cillit Bang. Bloomberg has reported these d...
Goldman Sachs Upgrades InterContinental, Citing Unjustified Discount
September 18, 2024 12:36 PM BST| By Team Kalkine MediaIntercontinental Hotels Group PLC (LSE: IHG) saw its share price rise on Wednesday following an upgrade from Goldman Sachs, while Whitbread PLC (LSE: WTB) experienced a decline after a downgrade.,Goldman Sachs raised its rating for IHG, the owner of...
Mpac Group (LSE:MPAC) Acquires Boston Conveyor & Automation, Inc. for $17 Million
September 18, 2024 10:45 AM BST| By Team Kalkine MediaMpac Group plc (LSE:MPAC), a global leader in high-speed packaging and automation solutions, has announced the acquisition of Boston Conveyor & Automation, Inc. (BCA), a US-based provider of robotic automation and conveyor solutions. The acquisition...
Strategic Transaction with Carrefour Highlights Expansion and Sustainability Advances
September 18, 2024 10:28 AM BST| By Team Kalkine MediaIn a strategic move, Carrefour has completed the acquisition of 17 omnichannel Carrefour stores in a sale and leaseback transaction valued at €75.3 million before costs. Carrefour, one of the largest grocery operators globally and rated investment gr...
Games Workshop Maintains Positive Outlook
September 18, 2024 08:49 AM BST| By Team Kalkine MediaShares in Games Workshop Group PLC,(LSE:GAW),experienced a decline of 1.5% following the release of a notably brief trading statement. The statement, comprising just 23 words, communicated that trading for the three months ending on 1 September 2024...
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PZ Cussons (LSE:PZC) Posts Decline in Revenue in FY2024 Impacted by Naira Devaluation
September 18, 2024 08:36 AM BST| By Team Kalkine MediaPZ Cussons PLC (LSE:PZC), a global consumer goods company, has announced its financial results for the year ended 31 May 2024. The Group faced significant challenges due to the sharp devaluation of the Nigerian Naira, which heavily impacted its reven...
THG to Spin Off Ingenuity and Reclassify to FTSE 250
September 17, 2024 08:59 AM BST| By Team Kalkine MediaTHG PLC,(LSE:THG),, the parent company of the Hut Group and Myprotein, has announced plans to spin off its Ingenuity digital and logistics division through a demerger. Concurrently, the company is applying to change its listing category on the London...
Flutter to Acquire Italian Gaming Business from Playtech
September 17, 2024 08:48 AM BST| By Team Kalkine MediaFlutter Entertainment PLC,(LSE: FLTR),, the owner of FanDuel and Paddy Power, has announced an agreement to acquire Playtech PLC's,(LSE: PTEC),Italian gaming business, Snaitech, for €2.3 billion (£1.9 billion). This acquisition follows confirmation l...
THG (LSE:THG) Eyes FTSE Inclusion with Planned Share Transfer, Explores Ingenuity Demerger
September 17, 2024 08:30 AM BST| By Team Kalkine MediaTHG PLC (LSE:THG) has announced its plan to move its ordinary shares from the equity shares (transition) category to the equity shares (commercial companies) (ESCC) category on the Official List maintained by the Financial Conduct Authority (FCA). Th...
THG (LSE:THG) Sees Profitability and Revenue Growth in Beauty and Ingenuity, Nutrition Faces Challenges in 1HFY24
September 17, 2024 08:29 AM BST| By Team Kalkine MediaTHG PLC (LSE:THG) has announced its financial results for the first half of 2024 (H1 2024), revealing a solid performance in the face of mixed market conditions. The company expects its most profitable period to come in the second half of the year, p...
Kingfisher Thrives Amidst Tough Terrain
September 17, 2024 08:29 AM BST| By Team Kalkine MediaKingfisher plc,,(LSE:KGF),the company behind B&Q, experienced a notable increase in its share price, rising by 6.3% following the release of its interim earnings report on Tuesday. This uptick in stock value came as the FTSE 100-listed firm presented...
Kingfisher Stabilizes Declining Profits
September 17, 2024 08:16 AM BST| By Team Kalkine MediaKingfisher plc,,(LSE:KGF),the parent company of B&Q and Screwfix, reported its half-year results today, showing performance aligned with market expectations. The company's adjusted pre-tax profit (PBT) for the period decreased marginally by 0.5% to £...
MP Evans Increases Dividend 20% Following Profit Surge
September 16, 2024 09:06 AM BST| By Team Kalkine MediaMP Evans Group PLC,(LSE:MPE),has announced a 20% increase in its interim dividend following a substantial rise in profits for the first half of the year. The company, which specializes in sustainable palm oil production, reported an operating profit...
Playtech’s Adjusted FY Earnings Slightly Beat Expectations
September 16, 2024 09:04 AM BST| By Team Kalkine MediaPlaytech,(LSE:PTEC),, the UK-based gambling technology provider, reported on Monday that its annual adjusted earnings are set to surpass earlier expectations, largely driven by its business-to-business (B2B) division.,The company highlighted notable...
Fevertree Price Target Cut After Cautious Guidance
September 16, 2024 09:04 AM BST| By Team Kalkine MediaFevertree Drinks (LSE: FEVR), the renowned producer of premium drinks mixers, experienced a reduction in its share price target from Deutsche Bank following the release of its first-half results. Despite a notable 10% increase in sales in the US, whi...
M.P. Evans Gains from Maturing Plantations and Increased Milling Capacity
September 16, 2024 09:04 AM BST| By Team Kalkine MediaPanmure Liberum has reaffirmed its positive outlook on MP Evans Group plc (LSE:MPE) following the company's announcement of a significant 20% increase in its interim dividend. This boost notably exceeded the anticipated 5% growth.,The analysts at Pan...
TI Fluid Declines Offer from ABC Technologies, which Remains Interested
September 16, 2024 08:58 AM BST| By Team Kalkine MediaTI Fluid Systems PLC,,(LSE:TIFS),a UK-based car parts supplier, has recently received a takeover offer from ABC Technologies, a private equity-backed firm based in Canada and owned by Apollo. ABC Technologies initially proposed an offer of 165 pence...
