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Jefferies Downgrades Burberry and Cuts Price Target
September 20, 2024 11:54 AM BST| By Team Kalkine MediaJefferies downgraded Burberry,(LSE:BRBY),on Friday from ‘hold’ to ‘underperform,’ significantly reducing the price target from 800p to 490p as the firm reassessed the European luxury market. The downgrade reflects concerns over a change in management...
Tandem Group Secures Exclusive UK Distribution Deal with VanMoof
September 20, 2024 11:39 AM BST| By Team Kalkine MediaTandem Group announced on Friday that it has secured an agreement to become the exclusive distribution and sales partner for VanMoof in the UK. The first shipment of VanMoof’s e-bikes is anticipated to arrive within the week. Following a period dedic...
UK Grocers Positioned Well as Retail Sales Rise, Says Shore Capital
September 20, 2024 11:26 AM BST| By Team Kalkine MediaShore Capital has indicated that UK retailers have reasons to be "quite cheerful" following robust retail sales data for August, suggesting that listed supermarket companies are likely to benefit from improving macroeconomic conditions.,According to...
Dr. Martens Plummets as IngreGrsy Sells 70 Million Shares in Placing
September 20, 2024 09:07 AM BST| By Team Kalkine MediaDr. Martens (LSE:DOCS) experienced a significant decline on Friday following the sale of approximately 70 million shares by its largest shareholder, IngreGrsy. This placement of shares raised concerns among market participants and led to a notable dr...
Tandem Group (LSE:AMD) Partners with VanMoof as Exclusive Distributor in the UK
September 20, 2024 08:34 AM BST| By Team Kalkine MediaTandem Group plc (LSE:TND), a prominent designer, developer, distributor, and retailer of sports, leisure, and mobility equipment, has announced an exciting new partnership with VanMoof. The Group will serve as the exclusive distribution and sales pa...
Next Nears Historic Profit Milestone: What’s Driving the Growth?
September 19, 2024 11:59 AM BST| By Team Kalkine MediaAnalysts at Jefferies have responded to Next plc’s (LSE:NXT) recent second profit upgrade within two months by raising their share price target by 10%. The company has increased its full-year profit-before-tax (PBT) forecast from £980 million to £995...
Ocado Retail (LSE:OCDO) Sees Strong Q3 Growth, Boosts FY24 Revenue Guidance
September 19, 2024 09:12 AM BST| By Team Kalkine MediaOcado Retail Ltd (LSE:OCDO), a joint venture between Ocado Group plc and Marks & Spencer Group plc, has released its trading statement for the 13 weeks ending 1st September 2024, reporting solid growth across key metrics. The company saw a notable in...
Newmark Security Delivers Strong Performance and Seeks Growth
September 13, 2024 07:57 PM BST| By Team Kalkine MediaNewmark Security PLC (LSE:NWT) has reported strong financial performance for 2024, as CEO Marie-Claire Dwek discussed in a recent conversation with Proactive. The company's results reflect a notable increase in both revenue and profitability across i...
Citi Predicts Tesco's Market Share Will Continue to Rise
September 13, 2024 06:13 PM BST| By Team Kalkine MediaAnalysts at Citi are forecasting a positive shift for Tesco PLC (LSE:TSCO), the largest supermarket chain in Britain, as it prepares to report its first-half results next month. They anticipate that Tesco will increase its market share, building on r...
Flutter’s Brazil Acquisition Called a ‘Smart Move’
September 13, 2024 06:13 PM BST| By Team Kalkine MediaFlutter Entertainment PLC (LSE:FLTR), the company behind Paddy Power, has recently acquired a controlling stake in Brazilian gaming company NSX Group for $350 million. This acquisition has been favorably assessed by Shore Capital Markets, which views...
Flutter, Paddy Power's Owner, Places Its Bet on Brazil
September 13, 2024 09:49 AM BST| By Team Kalkine MediaFlutter Entertainment PLC,(LSE:FLTR),, the owner of Paddy Power, has taken a significant step in expanding its presence in the Brazilian betting market by acquiring a 56% stake in NSX Group, a leading operator in the region known for its Betnacional...
UK Government Designates Data Centres as 'Critical Infrastructure
September 12, 2024 12:23 PM BST| By Team Kalkine MediaThe UK government has designated data centres as critical national infrastructure, a designation not granted to any sector in nearly a decade. This move highlights the importance of data centres, placing them on par with essential services like the N...
Trainline Surges After Surpassing Revenue Expectations Despite UK Rail Strikes
September 12, 2024 12:23 PM BST| By Team Kalkine MediaTrainline PLC,(LSE:TRN),experienced a notable 11% rise in its share price on Thursday morning following the release of its first-half results, which exceeded market expectations.,The digital ticketing platform reported total revenue of £229 million f...
John Lewis Partnership Cuts Losses Despite Consumer Challenges
September 12, 2024 11:55 AM BST| By Team Kalkine MediaJohn Lewis Partnership reported a near-halving of its pre-tax losses for the first half of the year, reflecting early signs of progress in its business revival efforts. Losses dropped from £59 million to £30 million for the six months ending in July,...
ASOS (LSE:ASC) Announces Successful Refinancing and Debt Reduction
September 11, 2024 08:16 AM BST| By Team Kalkine MediaASOS plc (LSE:ASC) has provided an update on its recent refinancing activities and the use of proceeds. The Company has successfully managed its Convertible Bonds and reduced its net debt position significantly.,Refinancing Overview,ASOS has complete...
Boohoo Group (LSE:BOO) Announces Strategic Changes in US Operations
September 11, 2024 08:12 AM BST| By Team Kalkine MediaBoohoo Group plc (LSE:BOO), a leading online fashion retailer, has unveiled a series of operational changes aimed at strengthening its presence in the US market. These changes are part of the Group’s broader strategy to achieve sustainable, profitabl...
Dunelm Group gains limelight on Wednesday. Here’s why.
September 11, 2024 08:07 AM BST| By Team Kalkine MediaDunelm Group plc (LSE:DNLM) , the leading UK homewares retailer, has announced its preliminary results for the 52 weeks ending 29 June 2024. The Group reported a positive performance despite a softer market, driven by strong sales growth, improved ma...
Lords Group Trading Insiders Face Losses Amid Stock Decline
September 10, 2024 09:52 AM BST| By Team Kalkine MediaLords Group Trading plc, operating in the,retail sector,, recently experienced a 13% decline in its share price, resulting in a significant impact on insiders who had purchased shares. Over the past 12 months, insiders acquired £50,000 worth of share...
Body Shop Stores Saved with Rescue Deal
September 09, 2024 02:14 PM BST| By Team Kalkine MediaThe Body Shop has averted the closure of approximately 113 stores following a successful rescue deal finalized over the weekend. Auréa Group, a consortium led by British cosmetics entrepreneur Mike Jatania, secured the acquisition of Body Shop out of...
ASOS Forms Joint Venture with Heartland to Sell Topshop and Topman Brands
September 05, 2024 07:47 AM BST| By Team Kalkine MediaASOS (LSE:ASC) has entered into a binding agreement with HEARTLAND A/S, a subsidiary of the Holch Povlsen family business, to form a new joint venture (JV) for the purchase of the Topshop and Topman (TSTM) brands. Following an initial unsolicited off...
