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Canal+ Eyes £8 Billion Valuation in Potential London Stock Exchange Listing
October 22, 2024 08:49 AM BST| By Team Kalkine MediaHighlights:,Canal+ targets a valuation of up to £8 billion in a potential London Stock Exchange listing.,The listing is part of Vivendi’s break-up, with shareholders set to vote in December.,A successful listing could be the largest IPO in London sin...
Frasers Group (LSE:FRA) Acquisition Proposal Refused by Mulberry Group (LSE:MUL)
October 22, 2024 08:45 AM BST| By Team Kalkine MediaHighlights:,Mulberry Group (LSE:MUL) rejects Frasers Group's (LSE:FRAS) 150p-per-share acquisition offer.,Frasers initiated the bid following Challice’s involvement in a £10 million fundraising round.,Frasers has until 28 October to submit a formal o...
Wickes Posts Revenue Growth as Installation Business Stabilizes
October 22, 2024 08:40 AM BST| By Team Kalkine MediaHighlights:,Group revenue increased 2.1%,to £391.3 million in Q3, driven by retail gains.,Retail revenue rose by 4.7%,, while D&I sales fell 7.1% but showed signs of stabilisation.,Wickes expects to meet full-year profit forecasts,, with shares risin...
Sosandar expands into physical retail in H1 2024, expects revenue of £40 million in FY25
October 22, 2024 08:34 AM BST| By Team Kalkine MediaHighlights,Sosandar achieved a gross margin of,62.2%,in H1 2024, up from,55.4%,, through careful cost management and reduced promotional activity.,The company successfully launched its first three physical stores, with strong trading results, and pla...
Shares of Mothercare Jumps on Friday. Here’s Why.
October 18, 2024 11:59 AM BST| By Team Kalkine MediaHighlights,Retail Sales Decline: Worldwide retail sales by franchise partners fell to £280.8 million, down from £322.7 million in the prior year.,Adjusted EBITDA: The Group recorded an adjusted EBITDA of £6.9 million, exceeding analyst expectations d...
S&P Upgrades Co-op Group on Solid Profitability and Debt Reduction
October 17, 2024 02:39 PM BST| By Team Kalkine MediaHighlights:,Profitability Growth:,S&P forecasts Co-op’s EBITDA to rise from £480 million in 2024 to over £530 million in 2025.,Deleveraging Efforts:,Co-op has repaid £200 million in bonds and plans to pay an additional £109 million by 2025.,Stable Ou...
TK Maxx Reports Record Sales Despite Profit Decline
October 17, 2024 12:26 PM BST| By Team Kalkine MediaHighlights:,Record Sales:,TK Maxx reported turnover of £4.03 billion, a 3.6% increase over the previous year.,Store Expansion:,The retailer opened five new stores, bringing the total number of UK locations to 432.,Profit Decline:,Profits fell from £1...
N Brown Group Receives Takeover Offer from Alliance Family
October 17, 2024 12:26 PM BST| By Team Kalkine MediaHighlights:,Takeover Offer:,Joshua Alliance, backed by his father Lord Alliance, has made a 40p per share offer to take N Brown Group private.,Board Support:,N Brown’s independent directors plan to unanimously recommend the offer to shareholders, wit...
Bidco to Acquire N Brown Group in £191 Million Cash Deal
October 17, 2024 08:41 AM BST| By Team Kalkine MediaHighlights,Bidco, controlled by Joshua Alliance, is acquiring N Brown Group in a £191 million deal.,Shareholders will receive 40p per share, representing a significant premium to recent share prices.,Eligible shareholders can opt for unlisted Bidco s...
Greggs to Open High-End Champagne Bar in Newcastle’s Fenwick Department Store
October 16, 2024 04:11 PM BST| By Team Kalkine MediaHighlights:,Greggs goes upscale,: Greggs is launching a Champagne bar in Fenwick’s department store, serving classic bakes with luxury dips and premium drinks.,Affordable indulgence,: Dishes are under £5, while cocktails range between £7 and £12, mai...
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Vertu Motors focuses on cost management and operational efficiency despite inflationary pressure
October 16, 2024 01:41 PM BST| By Team Kalkine MediaKey Points:,Vertu Motors reported a 2.9% increase in total group revenue for the first half of FY24, despite a challenging market environment, with aftersales operations contributing significantly to gross profit.,The company successfully grew its re...
Just Eat Takeaway Sees Mixed Q3 Results as Growth Hits Bottom of Expectations
October 16, 2024 01:15 PM BST| By Team Kalkine MediaHighlights:,Q3 Growth,: Just Eat Takeaway’s growth for Q3 hit the bottom of its expected range, with GTV rising by 2% excluding the US.,Regional Performance,: UK, Ireland, and Northern Europe showed improvement, while Southern Europe and Australasia...
Marshalls Sees Signs of Recovery Despite Revenue Decline, Shares Up 5%
October 16, 2024 01:15 PM BST| By Team Kalkine MediaHighlights:,Revenue Decline Slows,: Marshalls posted a 9% revenue drop for the first nine months, but the third-quarter decline slowed to 3%.,Solar Panel Success,: The roofing division, driven by Viridian Solar panels, saw a 12% revenue increase in t...
Sanderson Design Group Faces Challenging Trading Conditions and Profit Decline
October 16, 2024 12:01 PM BST| By Team Kalkine MediaHighlights:,Weaker Sales Performance,: Sanderson Design Group reported a 10% decline in brand product sales, with challenging conditions in the UK and Northern Europe.,Profit and Revenue Drop,: Interim sales fell by 11%, with profits plummeting by 76...
Mulberry Mulls Sweetened Bid from Frasers Amid Majority Shareholder Resistance
October 15, 2024 05:23 PM BST| By Team Kalkine MediaHighlights:,Frasers Sweetens Bid:,Frasers increased its offer to 150p per share, valuing Mulberry at £111 million.,Challice Stands Firm:,Majority shareholder Challice, with a 56.4% stake, refuses to sell, blocking Frasers’ takeover attempt.,Market Sk...
JD Sports Sees Share Price Dip Amid US Concerns, But RBC Reaffirms Positive Outlook
October 15, 2024 12:00 AM BST| By Team Kalkine MediaHighlights,:,Acquisition of Courir,: Expected to close by year-end, the deal will enhance JD Sports' presence in Europe with a stronger focus on female consumers.,Valuation Still Attractive,: JD Sports' stock remains undervalued, trading at just 10 t...
Steppe Cement Recovers from Profit Warning as Trading Improves in Q3
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Revenue Recovery,: Steppe Cement posted a 7% revenue increase in Q3 2024, reducing its year-to-date decline to 2%.,Volume and Pricing Growth,: The company saw a 5% rise in volumes and a 2% increase in prices, supported by higher productio...
Mulberry Shares Surge After Majority Shareholder Rejects Frasers Group’s Takeover Bid
October 14, 2024 12:13 PM BST| By Team Kalkine MediaHighlights:,Bid Rejection,: Mulberry’s largest shareholder, Challice Ltd, rejected Frasers Group’s 150p per share takeover offer.,Frasers’ Doubts,: Frasers expressed reservations about Mulberry’s strategic direction and the adequacy of its recent cap...
Examining the Impact of Debt on J&J Snack Foods Corp.
October 11, 2024 10:32 PM BST| By Team Kalkine MediaHighlights,Debt can bring risk to companies when they struggle to meet financial obligations, either by generating sufficient cash flow or raising capital.,The key challenge with debt is that it can lead to shareholder dilution if a company must rais...
THG Successfully Completes £95.4 Million Fundraise
October 11, 2024 08:53 AM BST| By Team Kalkine MediaKey Points:,THG PLC raised approximately £95.4 million through the issuance of 194.7 million new Ordinary Shares, representing 14.6% of existing shares.,The successful Placing involved significant participation from new and existing investors, with F...
