Company
Coats Group PLC
LON:COA
With a rich heritage dating back to the 1750s, Coats is the world's leading industrial thread and consumer textile crafts business.
38 stories
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FTSE 100 pares losses and European share rise on new tariff reprieve, ECB cuts rates
Schroders, Admiral and Reckitt Benckiser are Thursday's top risers, with Melrose and Rentokil at the other end
Coats ties up £92mln acquisition of German footwear materials maker
Rhenoflex makes structural components for the premium footwear market, including heel counters, toe puffs, interlinings and eyelets
Coats sees full-year performance 'moderately ahead' of its previous expectations
The thread maker, which first listed on the London Stock Exchange in 1890, reported a 28% jump in interim profits
Coats buys footwear components maker Texon for US$237mln
“The acquisition of Texon will strengthen our existing presence in the highly attractive athleisure footwear market," said Coats chief executive Rajiv Sharma
Coats trades ahead of 2019 levels
Performance has been helped by a recovery in apparel and footwear
Coats Group stitches higher profit guidance as demand recovers
"We have seen an encouraging improvement in brand and manufacturer order confidence into the peak trading season of September-November," the thread-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
Coats a winner but Spirax-Sarco a loser as Berenberg reassesses UK industrials amid pandemic
The bak said they “cannot state with absolute confidence” that firms in the sector will not follow other industries in postponing or cancelling their dividends
Coats acquires US yarns manufacturer Pharr
The acquisition was completed for US$37mln using operating cash flows and existing debt facilities
Coats Group unravels after profit warning
House broker Peel Hunt trimmed the target price to 90p from 100p, keeping the ‘buy’ recommendation, and cut full-year profit before tax forecast to US$1.3bn
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FTSE 100 closes firmly higher as stocks boosted by weaker pound
Britain's blue-chip index closed up around 88 points at 7,326. The FTSE 250 went higher too, adding over 115 points to stand at 20,485.
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Politics and flash PMIs to mark quiet Friday in the City
A trading update from zip maker Coats Group is the only major entry in the corporate diary for the last day of the week
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Last 'super Thursday' before Brexit as BoE, Shell and LSE updates eyed
On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita
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Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
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Still no opportunities to sell in May, with Royal Mail and M&S set to deliver updates
The Week Ahead will also bring news from power firm SSE and water groups Severn Trent and United Utilities, plus the latest UK inflation and retail sales numbers
Coats Group's profits hit by severance costs and pension contributions
"In an environment of rising input costs, we were able to grow our operating margins, through realising price increases, delivering productivity and procurement gains, as well as keeping tight control of our cost base and delivering signifi
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”
Coats Group expanding into the Cloud with US$12mln purchase of software solutions provider for the apparel industries
The FTSE 250-listed industrial thread manufacturer said ThreadSol's cloud-based digital applications provide an excellent fit with its existing Coats Global Services business
Coats Group investing US$5mln in “disruptive technology” that could revolutionise the thread industry
Twine has developed a proprietary digital thread dyeing system, allowing thread to be produced on demand at any colour and length
Coats Group rated a 'buy' by Citi as it initiates coverage with a punchy price target
The world's leading industrial thread manufacturer said at the end of July it was confident of delivering a full-year performance slightly ahead of previous expectations
Coats shares jump as it lifts 2018 guidance after full year profits rise
Coats delivered an increase in 2017 profits and revenues, driven by growth in its industrial threads business
Coats Group unveils refinancing package and enters US private debt market
The notes will mature in seven and ten years, while the US$350mln five-year bank facility is with a syndicate mainly of existing lenders
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Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
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Mitchells & Butlers PLC running out of elbow room in the restaurant sector
Wednesday preview: Competition is hotting up in the pub grub sector for Mitchells & Butlers, while London house prices and lettings fees are cooling for Foxtons.
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Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
Coats Group reports flat full year revenues as it winds down struggling crafts business
The industrial threads manufacturer's 2016 revenues were weighed down by weaker sales in its crafts business but cost savings lifted profits
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Day ahead: RBS, StanChart last on banks' 2016 results roller coaster
RBS has already had a big boost this week after the majority taxpayer-owned bank confirmed on Monday that it has shelved plans to sell its Williams & Glyn chain.
Pensions deficit deal means Coats Group can pay dividends in the future
Coats said it has agreed to make upfront payments totalling £255.5ln paid directly into the two defined benefit schemes, which cover about 24,000 members