TRADING UPDATES: Superdry optimistic; Virgin Wines toasts demand surge
Thu, 6th May 2021 19:25
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Superdry PLC - Cheltenham, Gloucestershire-based clothing retailer - Can see light at the end of the tunnel as lockdown restrictions ease. Says financial 2021 revenue fell 21% to GBP556.6 million from GBP704.4 million in financial 2020. In the fourth quarter, revenue increased 0.8% to GBP118.3 million from GBP117.4 million a year ago. The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start to lift, and we can clearly see the light at the end of the tunnel. In short, we are on track with our reset of the brand, and there s a lot to look forward to, says Chief Executive Officer Julian Dunkerton.
LONDON BRIEFING: Next cautious on outlook even as its raises guidance
Thu, 6th May 2021 08:15
(Alliance News) - UK clothing and homewares retailer Next on Thursday remained as dour as ever on Thursday, even while boosting its full-year profit guidance following a strong first quarter.
Investors were more positive. Next shares were up 1.9% in early trade.
Next said full price sales were down 1.5% in the 13 weeks to May 1 on two years ago, before the Covid-19 pandemic, which the company said was a more meaningful comparison.
The FTSE 100 constituent said it had assumed full-price sales during period would be down 10%, but beat this forecast by GBP75 million. Next raised its central guidance for full-year pretax profit by GBP20 million to GBP720 million.
TRADING UPDATES: Bank of Cyprus tenders 83% of notes; Attraqt pleased
Wed, 21st Apr 2021 18:28
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Bank of Cyprus Holdings PLC - Strovolos, Cyprus-headquartered financial services firm - Receives valid tenders of EUR207 million, or 83%, of the existing notes, from Fixed Rate Reset Tier 2 Capital Notes due January 2027 tender offer. The successful uptake of the offer, in conjunction with the issue of EUR300 million unsecured and subordinated Tier 2 capital notes demonstrate the group s proactive management of its capital base by refinancing the existing notes at a significantly lower coupon rate and managing the associated carry cost of the existing notes. The issuance of the new notes further enhances the group s capital base and is expected to increase the group s total capital ratio by about 100 basis points to 19.7% pro forma for He
David Fingold s Top Picks: April 14, 2021
Archegos ripples through banks lucrative hedge fund business
NFT fans want to crack the Da Vinci code
Fat finger briefly trims US$4B off Barclays market cap
Canaccord prepared to raise offer for rival RF Capital, CEO says
Tech leads stock decline from record; bonds drop
Ontario pension manager plots real estate cut, credit growth
Gordon Reid s Top Picks: April 13, 2021
China Huarong s worsening bond rout stokes market contagion
Stocks, bonds rise with inflation concern fleeting
European Investment Bank poised to deploy blockchain for bond sale
BMO selling EMEA asset management business for $1.09B
Robert McWhirter s Top Picks: April 12, 2021
Fat Finger Briefly Trims $4 Billion Off Barclays’ Market Cap
Bloomberg 3 hrs ago Joe Easton, Jan-Patrick Barnert and Bloomberg Automation
(Bloomberg) Barclays Plc shares briefly dropped almost 10% in the opening minutes of Wednesday’s session, the most intraday in more than a year, in what traders said was likely due to an error known as a “fat finger.”
The stock entered a volatility auction at about 8:06 a.m. in London after two trades totaling about 48,000 shares at a price of 168.40 pence, according to Bloomberg data. The shares quickly recovered after the five-minute pause and were down 0.3% to 186.32 pence at midday.