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WH Smith Announces Share Buyback Following Strong Performance and Pension Buyout
September 11, 2024 09:03 AM BST| By Team Kalkine MediaWH Smith PLC,(LSE:SMWH),has announced a £50 million share buyback program following a strong performance in its financial year and the successful completion of its pension fund buyout. The FTSE 250 retailer reported a positive full-year outcome, alig...
ASOS Reduces Debt with Refinancing After Topshop
September 11, 2024 08:52 AM BST| By Team Kalkine MediaASOS PLC,(LSE: ASC),has significantly reduced its net debt following a refinancing initiative and the recent sale of majority stakes in the Topshop and Topman brands. The fashion group reported a £150 million reduction in net debt, which decreased fr...
Rentokil Initial (LSE:RTO) Revises Expectations for FY 2024
September 11, 2024 08:14 AM BST| By Team Kalkine MediaRentokil Initial plc (LSE:RTO) has released an update on its current trading conditions and adjusted outlook for the fiscal year 2024. The Group reports mixed performance across its operations, with specific challenges in North America affecting over...
CMA to launch initial probe into Carlsberg's Britvic acquisition
September 10, 2024 11:18 AM BST| By Team Kalkine MediaOn Tuesday, the Competition and Markets Authority (CMA) initiated the first phase of its investigation into Carlsberg’s,(LSE:0AI4),proposed £3.3 billion acquisition of Britvic,(LSE:BVIC),. This investigation aims to evaluate whether the acquisition c...
Wickes Profits Fall 25% but Dividend Maintained as Trends Improve
September 10, 2024 09:47 AM BST| By Team Kalkine MediaWickes Group PLC,(LSE:WIX),reported a decline in sales and profits for the first half of the year but noted an “improved trend” in recent weeks. The DIY and building products retailer announced a dividend of 3.6p per share and maintained its full-yea...
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hVIVO Reports Revenue Growth and Higher Margins in 1HFY24
September 10, 2024 08:28 AM BST| By Team Kalkine MediahVIVO plc (LSE:HVO), a leading specialist contract research organisation (CRO) focused on testing infectious and respiratory disease products using human challenge trials, has released its unaudited interim results for the six months ending 30 June 2...
Wickes Group Reports Resilient H1 2024 Performance, Maintains FY24 PBT Outlook
September 10, 2024 08:27 AM BST| By Team Kalkine MediaWickes Group plc (LSE:WIX) has delivered a resilient performance in the first half of 2024, with total revenue of £799.9 million for the 26 weeks ending 29 June 2024. Despite a 3.4% year-on-year decline compared to £827.7 million in H1 2023, the comp...
Hostmore shares plunge 90% as TGI Fridays deal falls through
September 09, 2024 07:45 PM BST| By Team Kalkine MediaHostmore PLC,(LSE:MORE),saw its share price collapse by over 90% following the announcement that it would no longer proceed with its planned acquisition of TGI Fridays, Inc. The deal was scrapped after TGI lost control of a key revenue source, signif...
Marks & Spencer and JD Sports Highlighted as Retail Sector Standouts by RBC
September 09, 2024 02:03 PM BST| By Team Kalkine MediaRetailers showing robust momentum are poised for positive earnings surprises, according to RBC. The Canadian bank has identified JD Sports Fashion PLC,(LSE:JD),and Marks and Spencer Group PLC,(LSE:MKS),as standout performers in the retail sector.,RBC...
Burberry and Kering Slump Following Barclays Downgrades
September 09, 2024 12:48 PM BST| By Team Kalkine MediaLuxury brands Burberry,(LSE:BRBY),and Kering,(LSE:0IIH),experienced significant declines on Monday after Barclays downgraded its recommendation on the shares to ‘underweight’ from ‘equalweight’ due to concerns about China's structural issues.,Barclay...
Hostmore Drops TGI Fridays Bid; Shares Plunge
September 09, 2024 12:40 PM BST| By Team Kalkine MediaHostmore,(LSE:MORE),experienced a dramatic drop in share value on Monday, following its announcement that it was abandoning its pursuit of TGI Fridays due to the loss of a critical revenue stream. The company cited the termination of its role as mana...
Revolution Bars Appoints Luke Johnson as Chairman
September 09, 2024 11:37 AM BST| By Team Kalkine MediaRevolution Bars,(LSE:RBG),has announced the appointment of Luke Johnson as its new non-executive chairman, succeeding Keith Edelman, who retired after nearly a decade in the role. The appointment was disclosed on Monday and marks a significant shift...
Entain Exceeds Expectations in Second Half Trading
September 09, 2024 09:22 AM BST| By Team Kalkine MediaSports betting and gambling giant Entain reported a positive update on Monday, highlighting better-than-expected performance in the second half of the year. The,FTSE 100,company noted stronger-than-forecast growth in online net gaming revenue (NGR),...
Why is Entain (LSE:ENT) gaining investor’s attention?
September 09, 2024 07:28 AM BST| By Team Kalkine MediaEntain plc (LSE:ENT), the prominent global sports betting and gaming group, has released a comprehensive update on its strategic advancements and trading performance for the second half of 2024. This announcement comes as the company prepares for inv...
Camellia Posts Loss in Challenging First Half
September 06, 2024 01:07 PM BST| By Team Kalkine MediaCamellia,(LSE:CAM),reported a challenging first half on Friday, posting a loss after tax of £14 million, a significant shift from the £3.5 million profit recorded in the same period last year. The AIM-traded company revealed that revenue from continu...
Portmeirion Names New Group Finance Director
September 06, 2024 12:54 PM BST| By Team Kalkine MediaPortmeirion Group,(LSE:PMP),, a prominent homeware brand owner and retailer, announced the appointment of Jonathan Hill as its new Group Finance Director, effective 1 October. Hill, a qualified Chartered Accountant, brings over 20 years of finance an...
Housebuilder Berkeley Group confirmed its full-year guidance on Friday, stating that trading during the first four months of the year has remained stable. In an update covering the period from 1 May to the end of August, Berkeley Group indicated that it remains on track to meet its pre-tax earnings target of £525 million for the year ending 30 April 2025. The company noted that 90% of this target is already secured through exchanged sales contracts. The company's pre-tax profits are anticipated to be more concentrated in the first half of the financial year, similar to the previous year. Consequently, the operating margin is projected to be slightly above the group's long-term range of 17.5% to 19.5%. At the end of October, net cash is forecasted to be around £450 million, a decrease from £532 million at the end of April. This reduction follows shareholder returns totaling £229 million in the first half of the year, which includes a proposed special dividend of £184 million, subject to approval at the upcoming AGM. Berkeley Group expressed support for proposed changes to the planning system and the Government’s goal of delivering 1.5 million new homes within the current parliamentary term. The company emphasized that achieving this target requires a shift in attitude and a renewed partnership approach to advance developments that are currently stalled. Berkeley Group remains committed to contributing to the creation of new homes needed across the country. The ambitious plan introduced by the new Government involves several changes to the operating environment. Berkeley Group plans to thoroughly assess these changes and will provide an update with its interim results in December.
September 06, 2024 11:59 AM BST| By Team Kalkine MediaHousebuilder Berkeley Group,(LSE:BKG),confirmed its full-year guidance on Friday, stating that trading during the first four months of the year has remained stable.,In an update covering the period from 1 May to the end of August, Berkeley Group indi...
Gear4music Trades as Expected, Emphasizes Growth Strategy
September 06, 2024 11:19 AM BST| By Team Kalkine MediaMusic instruments retailer Gear4music,(LSE:G4M),reported on Friday that its trading performance for the year-to-date aligns with internal projections. The company highlighted its successful efforts in reducing net debt and operating costs during the...
Invinity Warns of Extended Sales Cycle and Names New CEO
September 06, 2024 11:14 AM BST| By Team Kalkine MediaShares in Invinity Energy Systems,(LSE:IES),experienced a notable decline on Friday morning following a warning about an extended sales cycle and a change in leadership. The AIM-traded company announced that delays in government policy decisions and...
Cairn Homes CEO Offloads 8 Million Shares
September 06, 2024 10:59 AM BST| By Team Kalkine MediaCairn Homes,(LSE:CRN),announced on Friday that its chief executive officer, Michael Stanley, had sold eight million shares in the company through a secondary placing. The transaction was carried out via an accelerated bookbuild process managed by Goo...
