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TI Fluid Systems (LSE:TIFS) Rejects Second Proposal from ABC Technologies, Citing Undervaluation
September 16, 2024 08:30 AM BST| By Team Kalkine MediaThe Board of TI Fluid Systems (LSE:TIFS) has announced its rejection of a second unsolicited and non-binding all-cash proposal from ABC Technologies Inc., a company majority-owned by investment funds managed by Apollo Management IX, L.P. The proposal...
National Grid system operating wing set for £630mln government takeover
September 13, 2024 09:49 AM BST| By Team Kalkine MediaNational Grid PLC,(LSE:NG),has confirmed that terms have been finalized for the sale of Britain’s Electricity System Operator (ESO) to the UK government. The deal, valued at £630 million, is expected to close early next month. This transaction comes...
UK Loses 38 High Street Shops Daily as Retail Parks Grow
September 12, 2024 12:23 PM BST| By Team Kalkine MediaAccording to recent data from PwC, Britain’s high streets are seeing significant retail closures, averaging 38 stores per day in 2024. When accounting for new openings, this results in a net loss of 13 stores daily. This brings the total number of cl...
Moonpig Update Signals Calm Before Christmas Surge
September 12, 2024 12:23 PM BST| By Team Kalkine MediaMoonpig Group PLC,(LSE:MOON),is scheduled to release a trading update on Wednesday, 18 September. The update is anticipated to be stable, with no significant surprises, as the company’s peak period for business typically occurs later in the year.,In...
Tesco Loses ‘Fire and Rehire’ Case in Supreme Court
September 12, 2024 12:23 PM BST| By Team Kalkine MediaTesco PLC,(LSE:TSCO),has faced a significant legal setback in the UK’s Supreme Court regarding its employment practices. The court ruled unanimously that Tesco's practice of laying off staff at certain distribution centers and rehiring them on lower...
Next Expected to Upgrade Sales Guidance as Results Approach
September 12, 2024 12:23 PM BST| By Team Kalkine MediaNext PLC,(LSE:NXT),is anticipated to potentially revise its sales guidance upward when it reports its interim results on 19 September. The retailer, which had previously announced a 4.4% increase in sales for the first half of the year in August, has...
John Lewis Bounces Back as Losses Shrink
September 12, 2024 12:23 PM BST| By Team Kalkine MediaJohn Lewis Partnership's half-year results, released on Thursday, have provided reassurance that the British retailer is making progress. The update indicated that while Waitrose's performance mitigated lower revenue at John Lewis, a significant redu...
Fevertree Drinks Misses the Mark Despite Profit Rebound
September 12, 2024 11:26 AM BST| By Team Kalkine MediaShares in Fevertree Drinks,(LSE:FEVR),dropped by 10% to 780p after the company reported a smaller-than-anticipated profit rebound for the first half of the year, despite flat overall sales. The company declared a 2% increase in its interim dividend t...
Trainline Surpasses Revenue outlook Despite UK Transport Strikes
September 12, 2024 09:05 AM BST| By Team Kalkine MediaTrainline PLC,(LSE:TRN),reported a strong performance for the first half of its 2025 financial year, surpassing previous growth forecasts. The company's total revenue increased by 17% to £229 million, exceeding the anticipated 16% growth. Net ticket...
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Fevertree Drinks (LSE:FEVR) is in news today. Here’s Why.
September 12, 2024 08:59 AM BST| By Team Kalkine MediaFevertree Drinks plc (LSE:FEVR) has announced its interim results for the six months ended 30 June 2024. Despite a challenging consumer environment and poor weather conditions in the second quarter, Fevertree has demonstrated resilience and strong op...
Boohoo Shuts Down US Distribution Center Amidst Strategic Shift
September 11, 2024 02:00 PM BST| By Team Kalkine MediaBoohoo Group,(LSE:BOO),announced on Wednesday that it will discontinue operations at its US distribution centre in Elizabethtown, Pennsylvania, less than a year after it first began functioning. The warehouse, which opened in August 2023, was Boohoo'...
Hornby Sales and Profits Lag Forecasts Due to Shipping Delays
September 11, 2024 02:00 PM BST| By Team Kalkine MediaModel train set manufacturer Hornby,(LSE:HRN),saw its shares decline on Wednesday following the release of its latest financial update, which indicated strong sales and profit growth but also highlighted performance that fell short of internal projec...
Corkscrew Sales Drop Among Gen Z, Break-Makers See Revival
September 11, 2024 02:00 PM BST| By Team Kalkine MediaResearch on kitchen trends has revealed shifting preferences, with a notable decline in the ownership of corkscrews and a resurgence in the popularity of bread-making machines.,According to Lakeland's annual trends report, only 27% of individuals age...
Jet2 Co-Founder Meeson Sells £73 Million Stake
September 11, 2024 01:18 PM BST| By Team Kalkine MediaJet2 PLC,(LSE:JET2),shares experienced a 3% decline to 1,426p on Wednesday morning following the sale of a 2.3% stake in the company by co-founder Philip Meeson.,The sale, conducted through a placing organized by broker Jefferies, involved Meeson tra...
WH Smith Soars on Share Buyback Plan After Pension Buyout
September 11, 2024 01:00 PM BST| By Team Kalkine MediaWH Smith PLC,(LSE:SMWH),has announced a £50 million share repurchase program as it closed its financial year on a positive note and completed the buyout of its pension fund.,The FTSE 250-listed retailer indicated that its full-year results are antici...
Gym Group Rises After Lifting Guidance on Strong First Half
September 11, 2024 12:40 PM BST| By Team Kalkine MediaThe Gym Group PLC,(LSE: GYM),experienced a notable increase of over 9% in its share price on Wednesday morning, following an upward revision in its full-year guidance driven by strong performance across all areas in the first half of the year.,The co...
GameStop Falls Despite First Q2 Profit in Seven Years
September 11, 2024 12:32 PM BST| By Team Kalkine MediaGameStop Corp,(NYSE: GME),shares experienced a decline in aftermarket trading despite the company reporting its first profitable second quarter in seven years.,For the three months ending in June, GameStop achieved net income of $14.8 million, a sign...
Inditex, Owner of Zara, Sees Sales Soar as New Collections Succeed
September 11, 2024 12:22 PM BST| By Team Kalkine MediaInditex, the parent company of Zara, reported robust sales growth across all its key brands in the first half of 2024, driven by strong demand for its spring and summer collections. The Spanish fashion retailer’s revenue rose by 7.2% to €18.1 billion...
Hornby, Backed by Frasers, Reports Surge in Profits
September 11, 2024 11:59 AM BST| By Team Kalkine MediaHornby PLC,(LSE:HRN),, the iconic model train manufacturer, recorded a 10% profit growth for the five months ending 31 August. This performance reflects strong momentum for the company as it continues to expand its product offerings and strengthen it...
Gaming Realms Optimistic Following Strong First Half
September 11, 2024 10:03 AM BST| By Team Kalkine MediaGaming Realms PLC,(LSE:GMR),has capitalized on the surge in sports betting in the US, securing several significant agreements with American operators. The company, known for creating mobile content for the gaming industry, has entered into partnershi...
