GBG announced that it has made a good start to the year and is expecting to deliver in line with expectations. The company secured several some key contracts during the quarter besides launching a new product. GBG also announced that it has a healthy acquisition pipeline in place for both this financial year and beyond.
26-07-2018 07:10:46 • 1 minute(s) read Author Sparks Team
SN’s revenue grew 4% YoY (underlying +2% YoY) in Q2 2018, with established markets returning to growth and emerging markets up 6%. In H1, the company reported revenue growth of 4% YoY (underlying +1% YoY), with operating profit margin down 240bps to 15.3% (primarily due to $58m costs of APEX programme).
26-07-2018 07:28:34 • 3 minute(s) read Author Sparks Team
KAPE has announced its trading update for the six months ending 30 June 2018. It also announced the sale of its non-core Media division to Ecom Online. The company’s adjusted EBITDA for the period grew 48% to $4.3m (H1 2017: $2.9m) and underlying adjusted EBITDA growth from core activities for the period was c.172%.
26-07-2018 07:41:30 • 3 minute(s) read Author Sparks Team
DSCV issued a trading update for the first quarter of the financial year ending 31 March 2019, covering the period from 1 April 2018 to 30 June 2018, with sales increasing by 12% CER (and 3% organically) against a strong prior year comparator.
26-07-2018 07:44:24 • 2 minute(s) read Author Sparks Team
Diageo has shown the strength of its brands and management with earnings per share growth of 9.3% to 118.6p. The business fundamentals are strong with organic net sales up 5.0% and organic volume up 2.5%, and an overall operating margin improvement of 78bps.
26-07-2018 11:05:37 • 2 minute(s) read Author Paul Hickman
Findel is seeing further progress under the management of Phil Maudsley who was appointed CEO in April 2017. It has made a strong start in the first 16 weeks of the year ending March 2019, with total revenue up c 8.5% and both its businesses trading in line with expectations.
27-07-2018 07:32:02 • 1 minute(s) read Author Sparks Team
HCM’s 1H18 results highlighted that group revenue declined to $102.2m (1H17 – $126.6m) and net loss attributable to HCM was $32.7m (1H17 – net profit $1.7m). Cash resources at the group level were lower at $416.9m (YE17 – $479.6m).
27-07-2018 07:48:19 • 2 minute(s) read Author Sparks Team
THRL announced its quarterly NAV as of 30 June 2018. It also declared a dividend and provided an update on corporate activity. The EPRA NAV per share for the quarter was 105.7p (31 March 2018: 105.0p), resulting in a 2.30% NAV total return for the quarter.
CREI purchased two properties at Shrewsbury and Stafford for a combined value of £7.375m, reflecting net initial yield of 6.38%, funded from existing debt resources (net gearing increased to 22.0% loan to value).