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Retail
Ubisoft Faces Significant Setback Following Delays and Criticism
September 27, 2024 01:46 PM AEST| By Team Kalkine MediaUbisoft Entertainment (OTC: UBSFF) has experienced a notable decline in its stock value, with shares plummeting an additional 20% following the company’s announcement of a profit warning. This downturn is attributed to the troubled launch of its late...
Sainsbury's Divests Cash Machine Business to NoteMachine
September 26, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Sainsbury’s (LON: SBRY) has sold its ATM business to NoteMachine, maintaining around 1,370 ATMs across the UK.,The transition is expected to finalize by May 2025, ensuring continued free cash access for customers.,The sale follows Sainsbu...
Management Confirms the Effectiveness of Tortilla Mexican Revitalization Plan
September 26, 2024 02:13 AM AEST| By Team Kalkine MediaHighlights:,Sales Recovery,: Tortilla reported a revenue decline but achieved improved like-for-like sales growth by September.,Expansion Strategy,: The company is revamping offerings and expanding through franchises, with a new central kitchen set t...
DFS Furniture (LSE:DFS) Reports Challenging FY24, Anticipates Gradual Recovery in FY25
September 25, 2024 06:07 PM AEST| By Team Kalkine MediaDFS Furniture plc (LSE:DFS), the UK’s leading retailer of living room and upholstered furniture, has released its preliminary results for the 53-week period ending 30 June 2024. The company reported a challenging year due to weak market demand, shipp...
Superdry CEO Criticizes Shein Over Tax 'Dodging
September 25, 2024 12:19 AM AEST| By Team Kalkine MediaSuperdry PLC (LSE:SDRY) chief executive Julian Dunkerton has criticized fast fashion company Shein Group over what he described as a “loophole” allowing the firm to avoid taxes on goods shipped to customers in the UK. In an interview with BBC Radio 4...
Dunelm Shares Drop as Founder Reduces Stake
September 24, 2024 07:58 PM AEST| By Team Kalkine MediaDunelm Group PLC (LSE: DNLM) has experienced a notable reduction in the stake held by the founding Adderley family, which has cut its holdings by 10 million shares, representing approximately 4.9% of the company, through a placing priced at 1,140p pe...
CardFactory (LSE:CARD) Reports Almost 6% Rise in revenue in for H1 2025, Expands Global Presence
September 24, 2024 06:01 PM AEST| By Team Kalkine MediaCardFactory (LS:CARD), the UK’s leading retailer of greeting cards and celebration essentials, has announced its interim results for the first half of 2025, showcasing significant growth and strategic expansion.,Financial and Business Performance,For...
Jefferies Downgrades Burberry and Cuts Price Target
September 20, 2024 08:54 PM AEST| 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 08:39 PM AEST| 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 08:26 PM AEST| 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 06:07 PM AEST| 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 05:34 PM AEST| 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 08:59 PM AEST| 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 06:12 PM AEST| 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 14, 2024 04:57 AM AEST| 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 14, 2024 03:13 AM AEST| 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 14, 2024 03:13 AM AEST| 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 06:49 PM AEST| 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 09:23 PM AEST| 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 09:23 PM AEST| 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...
AI on the Rise: A Look at Top AI Companies and Their Stocks