Peel Hunt puts McBride on 'hold' after profit warning
The broker expects McBride's new earnings to be around 11p per share and thinks that shares are unlikely to trade on more than 10x earnings
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McBride shares drop on profit warning
The Board now expects full year adjusted profits before tax to be approximately 10% to 15% lower than the prior financial year
Walker Greenbank tumbles as “challenging” UK market continues to weigh on performance
The luxury furnishings group said UK sales of its brands had fallen 6.2% after a “modest improvement” at the start of the second half had not continued
Reckitt Benckiser still spending hundreds of millions in pay-outs to South Korean Oxy RB victims
Reckitt has set aside almost £1.2bn in legal costs over the past three years, money which “predominantly” relates to its Oxy RB humidifier sanitiser and a separate US Department of Justice investigation
Footasylum sprints higher as JD confirms plans to build 29.9% stake in struggling rival
JD has taken an 8.3% stake in its retail rival, but it told the market on Monday that it is prepared to take that up to 29.9% over the coming months
BAT shares rally, lifted by Piper Jaffray rating upgrade to 'overweight' from ‘neutral’
The US broker maintained its 3,000p target on BAT, with the shares currently trading at 2,4870, up 4.7% on Monday’s close, and said valuation appeared "attractive" at current levels
Soap maker PZ Cussons slides as Nigerian troubles set to wipe £10mln from full-year profits
“Disappointingly, the macroeconomic conditions in Nigeria remain extremely challenging and continue to have a significant negative impact on overall group performance. Reflecting this, we now expect group adjusted profit before tax for the
Warpaint London tumbles as it downgrades full-year profit forecasts
The cosmetics maker said it expected adjusted pre-tax profits of £8.25mln for the year, just under previous estimates of between £8.5mln and £10mln
Reckitt Benckiser plunges as US investment bank slams ‘weak’ work culture
“The surprise retirement of CEO Kapoor crystallises long-brewing anxieties. We see no quick fixes and a material risk of a margin re-set under a new CEO.”
Joules unveils solid first-half profits and sales but shares fall on weaker margins
The retail gross margin fell 80 basis points to 54.5% due to a higher proportion of lower-margin e-commerce sales
Accrol shares on a roll as it forecasts return to profitability in 2019
In its results for the first half, the group said it had completed a “highly complex” turnaround and as a result estimated adjusted underlying EBITDA for the full year would be around £1mln
Coats raises US$37mln with cash sale of non-core North America Crafts business to Spinrite Acquisition
Coats said it continues to seek further value accretive bolt-on acquisitions in the strategic focus areas of high growth and high-tech Performance Materials and Software Solutions businesses
Accrol shares down the pan as it announces FCA investigation
The ambiguous update from the toilet tissue maker said the regulator was looking into statements it had made to the market between 1 April 2017 and 20 November 2017
Coats Group shares unravel as Barclays starts coverage with an ‘equal-weight’ rating, 75p price target
Barclays analysts said: “We initiate at EW as we are cautious on 1) the outlook for top-line growth which limits long-term earnings growth and 2) exceptionals which are still ~10% of EBIT”
Portmeirion expects to report record revenue for 2018, sees profits ahead of market forecasts
The AIM-listed company said it expects its revenue to grow by 5.2% to at least £89.2mln, driven by "strong" growth across its key markets including the UK, US and South Korea
Headlam shares floored by profit warning
Underlying pre-tax profits for 2019 are now expected to be lower than 2018 in the range of £39mln-£41mln while revenues will be flat
Diploma poaches ex-Compass finance boss as new chief executive
Johnny Thomson joins a company in rude health, with Diploma reporting a 9% rise in first-quarter revenues
Reckitt Benckiser boss to step down at the end of 2019 after 8 years in the top job
The maker of Durex condoms and Harpic cleaner said it has started the search for a new chief executive
Quiz shares plunge 30% as retailer slashes profit guidance after Christmas discounting
Quiz wasn’t selling as many clothes and accessories over Christmas as it had anticipated, so it took the decision to cut prices which will dent margins and full-year profits
Card Factory slides as it reports flat YTD sales and predicts “another difficult year” for 2020
In an update for the 11 months to 31 December, the FTSE 250 gift and card retailer reported that LFL sales had shrunk 0.1% while revenue growth had slowed to 3.4% from 5.9%