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TheWorks Shares Acknowledged to Climb Following Trading Update
October 01, 2024 06:59 PM AEST| By Team Kalkine MediaHighlights,Stock Surge,: TheWorks.co.uk PLC experienced an 8% rise in share price despite reporting lower annual profits.,Board Changes,: Two non-executive directors from major shareholder Kelso stepped down, indicating confidence in the company's st...
Indicators of Softening Growth Recorded for Greggs
October 01, 2024 06:00 PM AEST| By Team Kalkine MediaHighlights,Greggs PLC reports a 10.6% increase in total sales for Q3, down from 20.8% in 2023.,Like-for-like sales in company-managed shops rose by 5%, significantly lower than the previous year's growth of 14.2%.,The chain remains on track to open b...
James Halstead (LSE:JHD) solidifies presence in international market
October 01, 2024 05:47 PM AEST| By Team Kalkine MediaJames Halstead plc (LSE:JHD), a manufacturer and global distributor of commercial flooring, has announced its financial results for the year ending June 30, 2024. Despite a challenging year, the company demonstrated resilience, showing growth in cert...
Mulberry (LSE:MUL) has rejected Frasers cash offer. Details here.
October 01, 2024 05:44 PM AEST| By Team Kalkine MediaThe board of directors of Mulberry (LSE:MUL) has responded to a potential cash offer from Frasers Group, which seeks to acquire the remaining share capital of the company that it does not already own. Frasers currently holds approximately 36.8% of Mu...
The Works Reports Modest Revenue Growth Despite Challenging Market Conditions
October 01, 2024 05:26 PM AEST| By Team Kalkine MediaHighlights:,The Works reported full-year revenue growth of 0.9% to £282.6 million, despite challenges in online sales and operational difficulties.,Pre-IFRS 16 adjusted EBITDA fell to £6.0 million, but the company ended the year in line with market e...
Mulberry Declines Frasers Group's £83m Bid, Citing Strong Long-Term Outlook
October 01, 2024 05:26 PM AEST| By Team Kalkine MediaHighlights:,Mulberry rejected an £83 million takeover bid from Frasers Group, citing the company's long-term potential and turnaround strategy.,Frasers criticised Mulberry’s emergency share placement but said it would have preferred to underwrite it...
Greggs (LSE:GRG) records over 12% rise in YTD sales and open 86 new shops, maintains full-year outlook
October 01, 2024 05:04 PM AEST| By Team Kalkine MediaGreggs PLC (LSE:GRG) has provided a trading update for the third quarter of 2024, demonstrating continued strong performance and maintaining its full-year outlook. The company has reported that its total sales have risen by 10.6% in the 13 weeks lead...
Carnival Corp Posts Record Q3 2024 Results Raises Outlook Amid Share Decline
October 01, 2024 02:21 AM AEST| By Team Kalkine MediaHighlights:,Carnival posted record-breaking Q3 results with $1.7 billion in net income and $7.9 billion in revenue.,The company raised its full-year adjusted EBITDA guidance to $6 billion, a 40% increase from 2023.,Despite the strong performance, Car...
Berenberg Raises Price Target on Cranswick Amid Strong Trading and Structural Tailwinds
October 01, 2024 01:54 AM AEST| By Team Kalkine MediaHighlights:,Berenberg raises Cranswick’s (LSE:CWK) target price from 5,312p to 5,674p, citing strong trading momentum.,Cranswick's FY25 earnings forecast is upgraded due to volume-driven growth and key structural advantages.,Berenberg sees Cranswick...
Carnival’s (LSE:CCL) Q3 Performance Shatters Records Despite Stock Dip
October 01, 2024 01:43 AM AEST| By Team Kalkine MediaHighlights:,Carnival (LSE:CCL) reports record-breaking Q3 net income with a 60% increase.,Full-year EBITDA forecast raised by over 40%, reflecting operational strength.,Shares drop nearly 3% amid concerns over rising cruise costs for the fourth quart...
Frasers Bids for Mulberry to Prevent 'Debenhams Scenario'
September 30, 2024 09:30 PM AEST| By Team Kalkine MediaHighlights,Frasers Group PLC has made a 130p per share offer to acquire the remaining 43% of Mulberry Group PLC shares, valuing the company at £83 million.,The acquisition aims to prevent a situation similar to Debenhams, where a viable business face...
UK House Prices Experience Largest Increase in Two Years
September 30, 2024 09:11 PM AEST| By Team Kalkine MediaHighlights,UK house prices rose by 0.7% month-on-month and 3.2% year-on-year in September, marking the fastest annual growth in two years.,The average house price reached £266,094, approximately 2% below the record highs of summer 2022.,Most regions...
Aston Martin Cautions on Profits Amid Supply Chain Challenges
September 30, 2024 07:49 PM AEST| By Team Kalkine MediaHighlights,Aston Martin Lagonda Global Holdings PLC projects lower-than-expected profits and negative cash flow for 2024 due to supply chain disruptions.,Production delays and weak demand in China are impacting wholesale volumes and profitability.,Th...
Mulberry Group (LSE:MUL) announces £750,000 retail offer
September 30, 2024 05:18 PM AEST| By Team Kalkine MediaMulberry Group plc (LSE:MUL),, the British sustainable luxury brand, has announced a conditional retail offer to issue up to,750,000 new ordinary shares,at an issue price of,100 pence,per share. This price reflects a,14.9% discount,to the closing mar...
Playtech’s (LSE:PTEC) 1HFY24 performance driven by B2B segment, optimistic about FY24 outlook
September 30, 2024 05:11 PM AEST| By Team Kalkine MediaPlaytech (LSE:PTEC), a leading provider of platforms, content, and services in the online gambling industry, has reported robust financial results for the first half of 2024, demonstrating strong operational performance and strategic advancements.,St...
Aston Martin Revises 2024 Profit Forecast Amid Supply Chain Issues and Weak Demand in China
September 30, 2024 04:57 PM AEST| By Team Kalkine MediaHighlights:,Profit Revision for 2024:,Aston Martin revises its full-year profit forecast due to supply chain issues and weak Chinese demand.,Lower Wholesale Volumes:,Wholesale volume guidance is cut by 1,000 units as the company adjusts to tough mark...
FTSE 100 Live: Stocks on Track to Extend Last Week's Gains
September 30, 2024 04:19 PM AEST| By Team Kalkine MediaHighlights,Positive Start for FTSE 100,: The index is poised to open higher, reflecting last week's gains.,Chinese Economic Measures Boost Sentiment,: Rate cuts and government funding in China contribute to optimism for Asia-focused sectors.,Upcoming...
Moncler Shares Surge Following LVMH Stake Acquisition
September 28, 2024 01:40 AM AEST| By Team Kalkine MediaHighlights:,Stock Surge:,Moncler shares rose significantly after LVMH acquired a 10% stake in Double R, the investment vehicle controlled by Remo Ruffini.,Strategic Collaboration:,The partnership signals a deeper relationship between Moncler and LVMH...
Roebuck Food Group Reports Strong Revenue Growth Amid Strategic Restructuring
September 28, 2024 01:31 AM AEST| By Team Kalkine MediaHighlights:,Revenue Surge:,Roebuck reported a significant rise in H1 revenue to £5.97 million, up from £1.66 million last year.,Strategic Shift:,The group divested two subsidiaries and redefined its focus on climate-friendly agricultural technologies...
Totally PLC Secures Two New Contracts Worth £6.1 Million; Shares Surge 12%
September 27, 2024 09:41 PM AEST| By Team Kalkine MediaSummary:,Two New Contracts Secured:,Totally PLC wins two new contracts collectively valued at £6.1 million, including a £5 million insourcing deal.,NHS 111 Extension:,The company extends its NHS 111 online service contract by an additional £1.1 milli...
AI on the Rise: A Look at Top AI Companies and Their Stocks