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Primark Owner ABF Takes a Hit as Deutsche Cuts Forecasts
September 06, 2024 10:14 AM BST| By Team Kalkine MediaPerformance Concerns Lead to Lowered Forecasts,Associated British Foods PLC,(OTC:ASBFY),, the owner of Primark, encountered a setback on Friday following a revision of expectations by Deutsche Bank. This update came after ABF issued a warning on Thur...
Gear4Music Eyes Growth Following Progress on Debt and Cost-Cutting.
September 06, 2024 08:15 AM BST| By Team Kalkine MediaGear4music Holdings PLC (,LSE:G4M,) has indicated that the results of its growth strategy are anticipated to become evident this year, following significant progress in debt reduction and cost-cutting measures.,Debt Reduction and Strategic Focus,The...
House prices reach a two-year high, approaching record levels.
September 06, 2024 07:59 AM BST| By Team Kalkine MediaHouse prices showed a continued upward trend in August, rebounding from the previous year’s weaknesses. According to Halifax, average house prices rose by 4.3% on a year-over-year basis in August. This increase brought prices to their highest level s...
Primark Reports Lower H2 Sales as Wet UK Summer Affects Footfall
September 05, 2024 05:36 PM BST| By Team Kalkine MediaAssociated British Foods,(LSE:ABF),reported on Thursday that like-for-like sales at Primark are anticipated to decline by approximately 0.5% in the second half of the financial year. This anticipated drop is attributed to adverse weather conditions i...
Berenberg Marginally Increases Target Price for Coats Group
September 05, 2024 05:22 PM BST| By Team Kalkine MediaAnalysts at Berenberg raised their target price for Coats Group,(LSE:COA),, a manufacturer of thread and structural components, from 120.0p to 135.0p on Thursday. The increase followed the announcement that Coats had fully de-risked its UK pension sc...
Bakkavor Sees Strong First-Half Growth as CFO Steps Down
September 05, 2024 02:48 PM BST| By Team Kalkine MediaOn Thursday, Bakkavor Group,(LSE:BAKK),, a provider of fresh prepared foods, reported robust first-half results, showcasing revenue growth, improved profit margins, and a reduction in debt.,The FTSE 250-listed company saw a 2.8% increase in revenue,...
PPHE Hotel Group Signs Major Refinancing Deal
September 05, 2024 02:41 PM BST| By Team Kalkine MediaOn Thursday, PPHE Hotel Group,(LSE:PPH),announced a significant refinancing deal with Aareal Bank, extending the term of its existing loan for its Dutch hotel portfolio and the Holmes Hotel London. The refinancing arrangement extends the maturity of...
Safestay Posts 23% Rise in First-Half Earnings
September 05, 2024 02:05 PM BST| By Team Kalkine MediaHostel operator Safestay,(LSE:SSTY),reported a significant 23% increase in first-half EBITDA on Thursday, reflecting notable strides in operational performance and expansion of its portfolio.,For the first six months of the year, Safestay achieved a...
Primark Sees Lower H2 Sales as Wet Weather Hits UK and Ireland Footfall
September 05, 2024 11:00 AM BST| By Team Kalkine MediaPrimark's like-for-like sales are projected to decline by around 0.5% in the second half of the financial year, mainly due to poor weather conditions in the UK and Ireland that affected womenswear and footwear sales, according to its parent company,...
Vistry Reports 7% H1 Profit Rise and £130M Share Buyback
September 05, 2024 10:07 AM BST| By Team Kalkine MediaHousebuilder Vistry Group,(LSE:VTY),revealed plans for an additional £130 million share repurchase on Thursday, following a notable increase in its first-half pre-tax profit. For the six months ending June 30, Vistry's adjusted pre-tax profit rose to...
Coats Finalizes Pension Scheme De-Risking
September 04, 2024 05:24 PM BST| By Team Kalkine MediaCoats Group,(LSE:COA),announced on Wednesday that it has successfully mitigated the risk associated with its UK defined benefit pension scheme by acquiring a bulk annuity policy valued at £1.3 billion. This strategic move marks the final and most sub...
UK Stocks Could Surge if Interest Rate Cuts Persist
September 04, 2024 12:53 PM BST| By Team Kalkine MediaUK stocks have faced challenges due to higher interest rates and ongoing inflation, though the latter has eased compared to previous highs. Geopolitical issues have also played a role in dampening global stock markets. Recently, the Bank of England (...
Cloiche Wind Farm, operated by SSE, secures CfD allocation
September 03, 2024 09:10 AM BST| By Team Kalkine MediaOn Tuesday, SSE,(LSE:SSE),announced that its Cloiche Wind Farm has secured a contract through the UK’s sixth Contracts for Difference (CfD) allocation round. The FTSE 100 energy company highlighted that the project, set to generate 130.5 MW of low-ca...
Vertu Motors’ H1 Profits Weighed Down by Weak New Car Market
September 02, 2024 01:37 PM BST| By Team Kalkine MediaOn Monday, Vertu Motors,(LSE:VTU),saw a decline in its share price following the release of a trading update that highlighted a challenging environment for new car sales, although the company reported resilience in the used vehicle market. The update...
Is the Tesco share price worth watching?
September 02, 2024 01:37 PM BST| By Team Kalkine MediaTesco,(LSE: TSCO,), a quintessential British supermarket, is a staple in the UK grocery landscape, but is it still a strong contender for those seeking opportunities in the market, or has it reached its peak?,A Retail Powerhouse,Tesco’s dominance in...
Sainsbury’s Homebase Deal Gets Positive Response
August 30, 2024 05:15 PM BST| By Team Kalkine MediaJ Sainsbury PLC,(LSE:SBRY),has recently captured attention with its acquisition of 10 former Homebase stores, a strategic move expected to positively impact both the company’s financial performance and employment landscape. The acquisition is poised...
Why National Grid Could Be the Best in the FTSE 100?
August 29, 2024 03:22 PM BST| By Team Kalkine MediaThis summer, National Grid's share price took a significant dip, which has notably impacted investor confidence.,The company upended long-standing assumptions about its performance. Previously, it was anticipated that National Grid would maintain a s...
RBC Capital Raises Bunzl to ‘Sector Perform
August 29, 2024 03:19 PM BST| By Team Kalkine MediaOn Thursday, RBC Capital Markets upgraded Bunzl’s rating to ‘sector perform’ from ‘underperform’ and revised the price target upwards to 3,350p from 2,700p. This change comes in response to easing revenue headwinds and a more favorable outlook for th...
Drax Pays £25M Penalty for Misreporting Biomass Burner Sustainability Data
August 29, 2024 01:08 PM BST| By Team Kalkine MediaDrax Group,(LSE:DRX),will pay a £25 million penalty to the energy regulator's redress fund following an investigation that uncovered inaccuracies in the company’s reporting of the types of wood used in its biomass burners. This investigation focused...
Hunting Reports Strong Half-Year Results and Optimistic Outlook
August 29, 2024 11:20 AM BST| By Team Kalkine MediaHunting PLC (LSE:HTG), a global precision engineering group, has released its unaudited half-year results for the period ending June 30, 2024, showcasing robust performance across key metrics:,Order Book Growth:,The company’s order book surged by 32%...
