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Retail
JD Sports Q3 Performance Driven by Store expansions
November 21, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights,Steady Organic Growth:,JD Sports recorded 5.4% organic sales growth in Q3 and 6.1% year-to-date, driven by store expansions.,Resilient Margins:,Gross margin rose slightly to 48.1% despite softer consumer demand, with year-to-date margins s...
Morrisons Eases Debt Burden While Strengthening Operations Amid Tough Market Conditions
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Debt Reduction Efforts:,Morrisons cuts its debt from £6.2 billion to £3.8 billion, improving its financial stability post-takeover.,Operational Adjustments:,Initiatives include extending loan facilities, upgrading stores, and enhancing co...
UK Housebuilders See Valuations Lag Despite Improved Trading Conditions
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Valuations Dip:,UK housebuilder stocks are trading below net tangible asset value, despite higher earnings forecasts.,Budget Impact:,The recent UK Budget created headwinds, including challenges for mortgage pricing and construction costs....
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Imperial Brands Hits Five-Year Highs Amid Strategic Transformation and Resilient Results
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Dividend Boost:,Imperial Brands announces a 4.5% dividend hike despite modest revenue decline.,Next-Generation Products Growth:,Sales of vapes, heated tobacco, and nicotine pouches are scaling rapidly.,Market Confidence:,Shares reach five...
ASOS CEO Faces Criticism for Pay Hike Amid Financial Struggles
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,CEO Pay Increases by 44% Amid Losses:,ASOS CEO José Antonio Ramos Calamonte’s remuneration rose to £1.17 million despite the retailer reporting a £379 million loss.,Sales Drop and Inventory Woes:,Sales fell by 16% to £2.9 billion, while e...
UK Retailers Warn of Looming Challenges from Rising Costs and Tax Burden
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Rising Costs Threaten Retail Viability:,UK retailers face £7 billion in added costs due to tax and wage increases.,Impact on Jobs and Prices:,Businesses anticipate job losses, shop closures, and inflationary pressures.,Calls for Governmen...
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Amcor Announces Acquisition of Berry Global in Transformative $8.4 Billion Deal
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Transformative $8.4 Billion Deal:,Amcor to acquire Berry Global, creating a combined entity with $24 billion in revenue.,Significant Shareholder Impact:,Berry shareholders will receive 7.25 Amcor shares per Berry share, owning 37% of the...
Mulberry Group Faces Revenue Decline and Mounting Challenges Amid Luxury Spending Slump
November 19, 2024 11:40 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Down 19%:,Mulberry reports a sharp decline in revenue to £56.1 million, with reduced margins.,Widening Losses:,Pre-tax losses increased to £15.7 million, compared to £12.8 million in the previous year.,Restructuring Plans:,The com...
MP Evans Group Anticipates Strong 2024 Results Amid Rising Palm Oil Prices
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,Surge in Palm Oil Prices:,MP Evans reports crude palm oil (CPO) prices have exceeded expectations in the second half of 2024, boosting revenue prospects.,Stable Crop Processing:,The company’s crop processing for the year remains on track...
Audioboom Raises Full-Year Earnings Guidance for the Second Time Amid Strong Advertising Demand
November 15, 2024 08:05 PM AEDT| By Team Kalkine MediaHighlights:,Earnings Upgrade,:,Audioboom,Group PLC hikes its,full-year,adjusted pre-tax earnings guidance to $2.80 million, marking a second upgrade in two months.,Surging Share Price,:,Shares rose 5% following the announcement, trading at 225p.,Stro...
Burberry Shares Surge on New CEO's Turnaround Plan Despite First-Half Losses
November 15, 2024 04:12 AM AEDT| By Team Kalkine MediaHighlights:,Turnaround Strategy Announced:,Burberry's new CEO Joshua Schulman introduced the "Burberry Forward" plan, aiming to revive the brand through cost savings and a focus on core heritage products.,Significant Cost Reductions:,The company unve...
Young & Co Faces Budget Headwinds but Reports Strong Financial Performance
November 14, 2024 08:00 PM AEDT| By Team Kalkine MediaHighlights:,Budget Impact:,Young & Co (,LSE:YNGA,) faces £11 million in extra costs due to changes in National Insurance and minimum wage regulations.,Revenue Growth:,The pub group reported a 27% increase in revenue, reaching £250 million, with under...
Burberry Unveils New Turnaround Plan Focusing on Heritage and Core Products
November 14, 2024 07:36 PM AEDT| By Team Kalkine MediaHighlights:,Revival Strategy: Burberry is refocusing on its heritage and core collections after disappointing financial results.,Losses Reported: The company posted a £53 million loss in the first half, with revenue down 22% to £1.09 billion.,Long-Te...
B&M Delivers Strong Half-Year Results Amid Rising Demand, Eyes Continued Growth
November 14, 2024 07:30 PM AEDT| By Team Kalkine MediaHighlights:,Sales Growth:,B&M's group sales increased by 3.7% to £2.64 billion, driven by a strong UK performance in the second quarter.,Earnings and Dividend Boost:,Adjusted pre-tax earnings rose by 2%, with an increased interim dividend of 5.3p dec...
Boohoo Group Secures £39.3 Million in Oversubscribed Fundraising Amid Financial Strain
November 14, 2024 07:15 PM AEDT| By Team Kalkine MediaHighlights:,Capital Raise:,Boohoo Group PLC successfully raised £39.3 million through an oversubscribed share placement and retail offering, selling shares at a 1p premium.,Widening Losses:,The company reported a significant increase in pre-tax losse...
WH Smith Shares Slip Despite Robust Results and New Growth Investments
November 14, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Investment in Funky Pigeon Platform:,WH Smith plans a significant investment into its online greeting cards platform, Funky Pigeon, aiming to boost brand presence and platform enhancements in the new financial year.,Strong Travel Retail G...
What’s Causing B&M European Value Retail’s Continued Stock Drop?
November 13, 2024 09:13 PM AEDT| By Team Kalkine MediaHighlights,B&M European Value Retail S.A. has experienced a substantial share price decline over the past few years.,The company’s recent performance has continued to struggle, with significant drops in both yearly and quarterly metrics.,The retail s...
Has British Grocery Spending Hit a Slowdown?
November 13, 2024 09:03 PM AEDT| By Team Kalkine MediaHighlights,UK grocery sales growth slowed due to consumers holding back for Christmas and Black Friday promotions.,Discount retailers Lidl and Ocado saw significant growth, with Marks & Spencer also experiencing an increase in market share.,Despite a...
Could Tesco’s Recent High Be Masking Underlying Challenges?
November 13, 2024 08:57 PM AEDT| By Team Kalkine MediaHighlights,Tesco PLC's shares rose above their 200-day moving average recently, indicating potential market momentum.,The stock has been trading with a 200-day moving average around GBX 330.72, seeing recent highs near GBX 342.04.,Trading volume for...
Chipotle Hit with Shareholder Lawsuit Over Portion Size Controversy
November 13, 2024 03:01 AM AEDT| By Team Kalkine MediaHighlights:,Shareholder Lawsuit Filed,: Chipotle is being sued by shareholders for failing to disclose cuts to portion sizes across its restaurants.,Market Value Decline,: Chipotle’s market value plunged by $6.5 billion after disappointing third-quar...
AI on the Rise: A Look at Top AI Companies and Their Stocks