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100,000 new pandemic fishers boost business at Angling Direct By August Graham, PA City Reporter © Danny Lawson Anglers flocked to waterways last summer (Danny Lawson/PA) More than 100,000 new fishers took to the UK’s waterways last year as they escaped the Covid-19 pandemic, helping to deliver bumper sales at Angling Direct. The company said that the country had seen a 17% rise in annual fishing licences, and these new anglers visited its website – and shops when they were open – in huge numbers. Revenue from online sales jumped 40% to £35.3 million, the company sai...

What I’d do about these 2 high-performing penny stocks now More on: Image source: Getty Images Last May, UK shares were still reeling from the impact of the stock market crash. Because bears ruled the day, their share prices were still quite low. But one year later, they have recovered quite a bit and that includes many penny stocks.  N Brown shows sharp share price rise One of them is the penny stock N Brown (LSE: BWNG), which is up 283% over the year. Yet its share price is still way below the highs at which it started 2020.  US$12.3 TRILLION out of thin air…

11 May 2021 | 09:27am StockMarketWire.com - Fishing equipment retailer Angling Direct swung to a profit as sharp rise in annual sales boosted revenue. Martyn Page, currently executive chairman, said he intended to seek re-appointment to the board in the role of non-executive chairman at the company's 2021 Annual General Meeting. For the 12 months ended 31 January 2021, pre-tax profit was £2.6 million, compared with a loss of £1.5 million a year earlier, as revenue increased 27.1% to £67.6 million. Online sales were up 39.9% to £35.3 million, with international sales accounting for 12.4%...

Chairman Martyn Page said the firm's high retail sales were due to customers clicking and collecting orders and substantial demand for its goods following the reopening of its stores when the first national lockdown ended.  'The large pent-up demand built up whilst fishing was prohibited released with a flood of business from mid-June when stores reopened, whilst our online business continued to grow at pace,' he remarked.  'This proved that demand for well-located physical experiential stores, manned by trained enthusiastic colleagues, remains strong in our sector.'   Away day: Over 100,...

Angling Direct reels in sales as staycations boost fishing for fun Tue, 11th May 2021 10:06 (Alliance News) - Angling Direct PLC on Tuesday reported strong annual results, as people prevented from taking foreign holidays went fishing instead. The Norwich-based retailer posted revenue for the financial year that ended January 31 of GBP67.6 million, up 27% from GBP53.2 million the previous year. Likely helped by lockdown restrictions, online sales of fishing equipment surged 40% to GBP35.3 million, with international sales accounting for 12% of the amount. Profit before tax for the year was GBP...