Electronics retailer Dixons Carphone (LON:DC.) has said that it will close more than 90 stores today, following a profit warning for the 2018/19 financial year. The company said that margins were likely to be squeezed due to low inflation limiting the growth of network commission payments and increased costs due to rising wages. Profits before…
Instruments and controls manufacturer Spectris (LON:SXS) said that like-for-like sales were up by 6% for the four months ended 30th April, but the negative impact of foreign currency movements meant that revenues only rose by 2% in reported terms. The improvement in sales was driven by strong performances in China, and the pharmaceutical and automotive industries.…
Water and waste management specialist Pennon (LON:PNN) saw its shares rise by 5.29% to 768p as pre-tax profits climbed 3.5% to £258.8 million for the year ended 31st March. Revenues edged up by 2.9% to £1.39 billion on the back of increased tariffs and higher demand at South West Water. Get the latest from Master…
There was positive news for the retail sector, as sales rose by a better than expected 1.6% relative to March. However, the most recent three months’ sales were only up by 0.1% on the prior period, as underlying trends remained sluggish. Get the latest from Master Investor directly in your inbox – Sign-up HERE for…
Digital trading platform Plus500 (LON:PLUS) has announced that it intends to move its listing from AIM to the main market of the London Stock Exchange. The company said that it believes this move will provide a more appropriate platform for continued growth and benefit shareholders by introducing more stringent corporate governance requirements. Get the latest…
Revenues at FTSE 100 quality assurance specialist Intertek (LON:ITRK) dropped by 2.5% for the four months to 30th April. The group made solid progress in real terms but were severely hampered by changes to foreign exchange rates. The majority of the underlying improvement came from organic growth in the products division, with the other business…
B&Q and Screwfix owner Kingfisher (LON:KGF) saw like-for-like sales decline by 4.0% in constant currency terms over the quarter ended 30th April. Management attributed three quarters of the decline in sales to bad weather conditions which impacted footfall, sales of weather-related products, and caused temporary store closures in the UK. Get the latest from Master…
US-based resource specialist Magnolia Petroleum (LON:MAGP) saw its shares collapse by 77.20% to 0.52p after it announced it would be de-listing from AIM. The firm’s management said that it was finding it increasingly difficult to raise money on the market despite the recovery of oil prices. Get the latest from Master Investor directly in your…
UK Consumer Price Inflation fell to 2.4% in April, it’s lowest level in over a year. The largest source of downward pressure came from air fares, as the Easter season was not included in April this year, while rises in motor fuel, recreation, and culture costs partially offset the fall. Get the latest from Master…
Soft drinks manufacturer Britvic (LON:BVIC) saw revenues for the 28 weeks ended 15th April climb by 4.5% to £733.2 million, with strong growth through the second quarter despite rough weather in Britain, Ireland, and France. Get the latest from Master Investor directly in your inbox – Sign-up HERE for FREE Margins improved by 50 basis…
