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Pin to quick picksAIREA Share News (AIEA)

Share Price Information for AIREA (AIEA)

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Share Price: 30.50
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UK TRADING UPDATE SUMMARY: Howden Joinery Suspends Payouts, Guidance

Thu, 26th Mar 2020 17:44

(Alliance News) - The following is a round-up of updates by UK companies on the impact of the Covid-19 pandemic, issued on Thursday and not separately reported by Alliance News:

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Howden Joinery Group PLC - kitchen supplier - Reopening selected depots to provide support to trade customers. Sales in period to March 21 period broadly flat, slightly down on a same depot basis. Withdraws market guidance for the remainder of year ending December 26. To suspend share buyback programme and withdraw 9.1 pence per share final payout for financial 2019. Re-evaluating capital expenditure plans.

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Pembridge Resources PLC - Canada focused copper-gold-silver miner - Says no virus cases at the Minto mine, but adopting measures safeguard all employees at mine. Cancels all non-essential travel to mining site for employees, contractors and visitors. London office closed in accordance with UK government recommendations, staff working remotely.

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EPE Special Opportunities Ltd - private equity investment company - To delay release of results for the year ended January 31 in line with UK Financial Conduct Authority's two-week moratorium. Says long-term impact of virus on the company and its portfolio uncertain. Maintains strong liquidity of GBP26.4 million as at January 31 and operates with modest committed outgoings. Portfolio taking steps to manage liquidity, financial position and trading outlook.

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Feedback PLC - medical imaging company - To provide Bleepa imaging-based communication platform as a tool to assist coronavirus response. To pause Bleepa pilot programme for evaluating specific clinical workflow applications and is now now evaluating options for a wider rollout to support the local Covid-19 response at Pennine NHS Trust.

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Glenveagh Properties PLC - Irish housebuilder - Implementing measures to limit virus spread, allowing construction sites to remain operational. Sales performance in the current financial year in line with the board's expectations with over 475 units sold, signed or reserved. Starts virtual viewings of show villages. Reservations, signings and closings continue, albeit at slower pace. Suspending financial guidance until virus impact become clearer. Cash resources and available committed facilities total EUR121 million, plus a further EUR125 million of uncommitted facilities.

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1PM PLC - finance provider - Operations being effectively and successfully carried out with 190 employees operating remotely. Says multiple borrowers requesting payment delays, holidays, or similar forbearance. Delaying payment holidays and the rescheduling of lease and loan agreements on a case by case basis. Lobbying for changes and extensions to UK government's funding initiatives. Trading in line with market expectations through to the third quarter ended February 29. Unable to provide financial guidance and deferring decision on the amount and timing of final dividend.

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Apax Global Alpha Ltd - investment trust - Expects decline in net asset value in the short term. Monitoring liquidity in each portfolio company. Believes much of private equity portfolio is in sectors that are less severely impacted by the virus crisis. Available liquidity stood at EUR179.1 million as of Wednesday.

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Airea PLC - floorcoverings manufacturer - Predicts an overall reduction in demand for flooring products. Withdraws final 1.3 pence per share dividend for 2019. Trading to date including the majority of first quarter in line with expectations. Halts all non-critical expenditure. Has cash of GBP3.0 million and GBP1 million overdraft facility.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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17 Aug 2018 10:24

WINNERS & LOSERS SUMMARY: KAZ And Kingfisher Slip On Broker Changes

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 2.3%. The home improvement retailer, which

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17 Aug 2018 08:45

Airea Shares Jump 19% On Higher Interim Profit And Revenue

LONDON (Alliance News) - Airea PLC said Friday its profit and revenue for the first-half of the financial year increased after it closed its loss-making carpets business.Shares in the were

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17 Aug 2018 08:09

Airea flying as overseas flooring sales soar

(Sharecast News) - Commercial flooring firm Airea saw its shares rocket on Friday after it reported an increase in first-half revenues after new product launches boosted the company's sales and orders.

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2 Jul 2018 16:41

Airea Hires Former Caldero CFO Paul Stevenson As Finance Director

LONDON (Alliance News) - Airea PLC on Monday said it appointed Paul Stevenson as finance director.The flooring company said Stevenson has previously served as finance head at telecom firm

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22 May 2018 17:55

James Halstead Pulls Out Of Discussions To Acquire Airea

LONDON (Alliance News) - James Halstead PLC said on Tuesday it does not intend to make an offer for specialist flooring firm Airea PLC.This concludes the series of discussions between the a

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2 May 2018 16:03

Deadline For James Halstead To Make Airea Plans Known Pushed Back

LONDON (Alliance News) - Specialist flooring firm Airea PLC on Wednesday said the deadline for James Halstead PLC to make its offer intentions clear has been pushed back 21 days.The for to

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4 Apr 2018 17:33

James Halstead Confirms Possible Offer For Flooring Firm Airea

LONDON (Alliance News) - Flooring company James Halstead PLC said Wednesday it is "at the very early stages" of evaluating a possible offer for specialist flooring

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21 Mar 2018 10:17

Airea Declares Special Payout, Buyback As It Sells Loss-Making Arm

LONDON (Alliance News) - Airea PLC shares jumped on Wednesday as it declared both a special dividend and a share buyback, as it attempts the sale of its loss-making carpets up

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20 Mar 2018 16:50

Airea To Close Loss Making Retail Business, 50 Jobs Affected

LONDON (Alliance News) - UK floorcoverings manufacturer Airea PLC on Tuesday said that it will close its retail carpets business, Ryalux Carpets Ltd, due

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18 Oct 2016 16:44

REPEAT: DIRECTOR DEALINGS: Airea Finance Director Sells And Purchases Shares

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18 Oct 2016 16:43

DIRECTOR DEALINGS:

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8 Sep 2016 09:04

Airea's shares soar as profit increases

(ShareCast News) - Shares in Airea soared by nearly 40% on Thursday as the designer flooring company reported a significant increase in profits and dividend thanks to growing UK contract sales. Operating profit for the year ended 30 June increased by 86% to £2m compared to same period last year, due

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26 Feb 2016 15:12

Airea keeps earnings intact amid tough trading

(ShareCast News) - Flooring specialist Airea reported tough trading in its interim results on Friday, though it did manage to keep its earnings intact. The AIM-traded company reported revenue of £12.7m for the period, down from 2014's restated figure of £13.4m. Operating profit before exceptional i

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26 Feb 2016 09:03

Airea Profit Up On Pension Credit But Revenue Dips On Currencies

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21 Jan 2016 09:11

Flooring Maker Airea Says Earnings Flat In Half On Restructuring Costs

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