Card Factory moves higher after physical stores do better than expected
A look at Friday s major share movers on the London Stock Exchange
Card Factory PLC (LON:CARD) added 7% to 84.3p before close after announcing that performance following the reopening of stores in England and Wales has topped expectations.
Sites in Scotland will resume trading on 26 April while those in Northern Ireland have reopened today.
The greeting cards retailer has also headline terms for refinancing with its banks, with more details to be released soon. The banks also extended waivers in respect of anticipated covenant breaches to 31 May 2021, taking account of the company s cash flow projections.
Card Factory moves higher after physical stores do better than expected
A look at Friday s major share movers on the London Stock Exchange
Card Factory PLC (LON:CARD) added 7% to 84.3p before close after announcing that performance following the reopening of stores in England and Wales has topped expectations.
Sites in Scotland will resume trading on 26 April while those in Northern Ireland have reopened today.
The greeting cards retailer has also headline terms for refinancing with its banks, with more details to be released soon. The banks also extended waivers in respect of anticipated covenant breaches to 31 May 2021, taking account of the company s cash flow projections.
Proactive news headlines: Gfinity, Synairgen, Chaarat Gold, Destiny Pharma.
A glance at some of the day s highlights from the Proactive Investors newswire
Gfinity PLC (LON:GFIN) said it has acquired Drawnite.com, a fan website for the video game Fortnite in another expansion of its digital media arm.
Genedrive PLC (LON:GDR) said its COVID-19 PCR test has been approved by Indian regulator after the 96 SARS-CoV-2 kit achieved 100% sensitivity and specificity in the performance evaluation conducted by the country’s Council of Medical Research.
Enteq Upstream PLC (LON:NTQ) said it landed a new US$1.1mln rental contract from an existing North American customer. The customer will rent Enteq s core Measurement While Drilling (MWD) technology for a minimum of eight months.
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