Pulling of UK investment fund and M&A rush 'are contrarian buy signal'
“It is precisely this lack of interest which will appeal to wilful contrarians, who will assert that this means there are bargains to be had,” one analyst said
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Short sellers make huge profits from four FTSE 100 stocks in September
“Four of the top five most profitable trades this month were significant loss making trades in August, highlighting the speed at which fortunes can change during this volatile period”
Intertek poaches Reckitt Benckiser top executive for chief financial officer role
Current CFO Ross McCluskey will move into a line operational role in April after two years in his position
InnovaDerma highlights positive start to new financial year
The maker of personal care products said sales in the initial period of the current year were up 3% and in line with management expectations
DX (Group) rises after non-executive director puts his hand in his pocket
A look at some of the major movers in London on Monday
InnovaDerma appoints Americas exclusive distributor, Nuthing brand enters Australian market
“These agreements are key to furthering our strategic aim of diversifying revenue streams outside the UK and we look forward to making further inroads in these significant markets”
Symphony Environmental’s biodegradable plastic used for airport security bags
The 100ml security bags will be trialled at airports in Aberdeen, Glasgow and Southampton operated by AGS Airports Ltd
Portmeirion expects return to profit in second half, dividends next year
The homewares producers is waiting to see how the key Christmas period will pan out
Joules Group beats summer sales expectations
The reopening of stores in a phased manner on June 15 with the whole estate trading by early August
PZ Cussons declares smaller dividend for past year and reveals strong first quarter
“We are currently in a process to examine and evolve our strategy to deliver sustainable top line growth and improved operating margin,” said CEO Jonathan Myers
Symphony Environmental hails launch of anti-microbial, biodegradable carrier bags in Brazil
As the antimicrobial properties are embedded in the plastic, they will never wear off, unlike spraying, wiping, or coating
Production of £2 coins halted as coronavirus accelerates switch to contactless
Cash is literally piling up at the Royal Mint which has a ten-year backlog of £2 coins
Symphony Environmental reports positive coronavirus test results, returns to profit in first half
The firm said testing by the Institute of Biology at Unicamp University in Sao Paolo State, Brazil, had shown a 99.9% reduction in the virus on a film coated with its d2p anti-microbial technology within one hour
QUIZ to close 15 UK stores, not reopening Spanish sites
In the five months to August 31, 2020, sales slumped by 77% to £13mln despite the clothier extending its casual ranges
McBride rises as pandemic demand for cleaning products offsets tough first half
The group said it had seen a “strong profit performance” in the last four months of its latest financial year as demand increased for its cleaning, dishwashing and aerosol products during the coronavirus pandemic
Headlam Group swings to interim loss, summer trading still mixed
Revenue in July was higher year-on-year, but August was “marginally below” 2019
Accrol says pandemic toilet paper trends have unwound back to normal in recent months
The group did not propose a final dividend but said that a payout is “likely in the medium term” if its financial performance continues to improve on its current trajectory
Churchill China puts off dividend decision after swing to losses
“We believe that the company retains the capacity to propose and pay an interim dividend,” the ceramics maker said
Coats Group slides as profits fall by two thirds amid pandemic disruption
For the six months ended June 30, the industrial thread maker reported an adjusted operating profit of US$34mln, down 67% year-on-year, while revenues dropped 24% to US$536mln
Joules swings to loss but reopened shops top expectations
The fashion designer estimated a £31mln hit on accounts in the quarter to May