The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCharacter Share News (CCT)

Share Price Information for Character (CCT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 293.00
Bid: 290.00
Ask: 296.00
Change: 1.00 (0.34%)
Spread: 6.00 (2.069%)
Open: 293.00
High: 294.00
Low: 293.00
Prev. Close: 293.00
CCT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Character Group secures post-Brexit channels through Denmark investment

Thu, 18th Oct 2018 14:33

(Sharecast News) - Character Group announced on Thursday that it has agreed terms to acquire a 55% equity shareholding in OVG-PROXY, a Denmark-incorporated toy distributor based in Copenhagen.The AIM-traded firm said PROXY sources and secures exclusive rights to toy products and then markets and sells them to retailers in the Nordic region.It said the purchase price comprised an initial cash consideration of DKK 2.5m (£0.3m), with further earn-out consideration of up to DKK 25m payable, depending on performance, in each of the years ending 31 December 2018, 2019 and 2020.The acquisition was expected to be earnings-enhancing in the first full year in the enlarged group.Character Group said it believed that the acquisition of the substantial interest in PROXY would enable it to extend its European reach, potentially enable "frictionless access" to EU markets post-Brexit, provide a more compelling marketing/distribution proposition for toy companies and brand owners seeking UK and EU market access and provide a vehicle for growth of its non-UK sales of its own-developed product ranges/resources.PROXY, with 27 employees, currently sourced product through an international network of suppliers and partners, including Character Group.All product lines were sold exclusively in the Nordic region - primarily Denmark, Sweden, Norway and Finland - by PROXY, with all sales to the top five customers, accounting for about 69% of turnover, managed in-house through its own sales force, with smaller accounts managed through distribution partners in the various markets.The business is headed by chief executive officer Morten Geschwendtner and chief financial officer Mikkel Kjærsgaard, both of whom had more than 25 years of experience in the toy industry, and had also worked in collaboration with the Character team over several years.Character Group said the current team at PROXY would continue to run the day-to-day business.To provide additional resource and skills to the senior team, Jon Diver, Kiran Shah and Mike Hyde - all executive directors of the company - will join the operating board of PROXY."We are delighted to secure a formal working partnership with the team at PROXY," said Character Group joint managing director Jon Diver."Having known and worked with them for a number of years we have recognised that there are many opportunities to enhance our current market positions."Diver said there were "many synergies" that could be achieved, including PROXY being able to take advantage of Character's far east infrastructure in terms of sourcing and quality assurance and, on a domestic basis, its in-house marketing and distribution capability."Both teams are of similar mindset and together will be in a better position to grow our businesses."
More News
9 May 2024 20:34

Character Group shares jump as it predicts full-year profit beat

(Alliance News) - Character Group PLC on Thursday said it was on track to beat full-year market expectations after reporting progress in the first half of the financial year.

Read more
3 Apr 2024 14:33

EARNINGS AND TRADING: Character Group ups buyback; Calnex revenue down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
6 Feb 2024 09:51

IN BRIEF: Character Group unveils GBP1.0 million share buyback scheme

Character Group PLC - Surrey, England-based toy, games and gifts maker - Announces share buyback programme worth up to GBP1.0 million. Says it will be funded from existing cash resources. Appoints Panmure Gordon (UK) Ltd as joint corporate broker to manage the programme and repurchase shares from Tuesday to the earlier of the day before its annual general meeting in 2025, or when the maximum aggregate value of GBP1.0 million has been reached.

Read more
6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

Read more
19 Jan 2024 15:35

UK dividends calendar - next 7 days

Monday 22 January 
abrdn Diversified Income & Growth PLCdividend payment date
Tuesday 23 January 
no events scheduled 
Wednesday 24 January 
Alpha Real Trust Ltddividend payment date
Baltic Classifieds Group PLCdividend payment date
discoverIE Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Pharos Energy PLCdividend payment date
Thursday 25 January 
abrdn Asian Income Fund Ltdex-dividend payment date
Brickability Group PLCex-dividend payment date
Carr's Group PLCex-dividend payment date
City of London Investment Trustex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
Law Debenture Corp PLCdividend payment date
Pennon Group PLCex-dividend payment date
RWS Holdings PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
Sirius Real Estate Ltddividend payment date
Smart Metering Systems PLCdividend payment date
Solid State PLCex-dividend payment date
Global Smaller Cos Trust PLCdividend payment date
Tracsis PLCex-dividend payment date
Victrex PLCex-dividend payment date
Volta Finance Ltddividend payment date
Friday 26 January 
abrdn Private Equity Opportunities Trust PLCdividend payment date
Auto Trader Group PLCdividend payment date
Big Yellow Group PLCdividend payment date
Burberry Group PLCdividend payment date
Caledonia Mining Corp PLCdividend payment date
Character Group PLCdividend payment date
Cranswick PLCdividend payment date
Foresight Group Holdings Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
IntegraFin Holdings PLCdividend payment date
International Biotechnology Trust PLCdividend payment date
Iomart Group PLCdividend payment date
James Latham PLCdividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Montanaro European Smaller Cos Trust PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Templeton Emerging Markets Investment Trust PLCdividend payment date
Ultimate Products PLCdividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Walker Crips Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Jan 2024 13:21

IN BRIEF: Character Group sees improved profitability in recent months

Character Group PLC - Surrey, England-based toy, games and gifts maker - In the first four months of its current financial year, says turnover is flat from a ear earlier, although it has seen an "improvement in profitability". Notes trading conditions across all of its markets have "remained challenging", with the cost-of-living crisis "impacting consumer spend/demand for the second successive Christmas". Says it has a "strong portfolio of products to offer the market, a robust balance sheet, with a net cash position and substantial unutilised working capital facilities in place". Says it continues to trade "satisfactorily" and expects profitability for the current financial year ending August 31 to be in line with current market expectations. Also confirms Richard King retires as chair following today's annual general meeting, as announced in December. He will be succeed by Independent Non-Executive Director Carmel Warren as non-executive chair.

Read more
15 Jan 2024 15:39

UK shareholder meetings calendar - next 7 days

Tuesday 16 January 
ACG Acquisition Co LtdEGM re extension of acquisition deadline
Catalyst Media Group PLCAGM
Gelion PLCGM re accounts and reappointment of auditors
Hotel Chocolat Group PLCGM re acquisition by Mars Inc
Troy Income & Growth Trust PLCAGM
Wednesday 17 January 
City Pub Group PLCGM re recommended cash acquisition by Young & Co's Brewery PLC
Diploma PLCAGM
Forward Partners Group PLCGM re takeover offer from Molten Ventures PLC
Impellam Group PLCGM re acquisition by Headfirst Global
Kazera Global PLCAGM
Majedie Investments PLCAGM
Orcadian Energy PLCAGM
Thursday 18 January 
Baillie Gifford European Growth Trust PLCAGM
J Smart & Co (Contractors) PLCAGM
tinyBuild IncGM re fundraise
Topps Tiles PLCAGM
Friday 19 January 
Cardiff Property PLCAGM
Character Group PLCAGM
Focusrite PLCAGM
Substrate Artificial Inteligence SAGM re investment agreement and issue of equity
Monday 22 January 
Highcroft Investments PLCGM re de-listing from LSE and relisting on TISE
Smart Metering Systems PLCGM & court meeting re takeover by funds advised by KKR
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
12 Dec 2023 10:06

Character Group warns Christmas boost has come late; chair steps down

(Alliance News) - Character Group PLC on Tuesday warned that the customary boost from Christmas trading has materialised later than expected this year, as UK consumers grapple with cost of living pressure, prompting it to look overseas for growth.

Read more
3 Oct 2023 10:22

Character Group in line with expectations on strong second half

(Alliance News) - Character Group PLC on Tuesday said it expects full-year profits to be in line with expectations, following a strong second half.

Read more
3 Oct 2023 10:13

Character Group performs 'more strongly' in H2

(Sharecast News) - Toy designer Character Group said trading conditions across the retail sector had been "persistently challenging" in the twelve months ended 31 August, impacting its performance in the first half.

Read more
3 Oct 2023 07:41

LONDON BRIEFING: Greggs sales rise; boohoo cuts revenue outlook

(Alliance News) - London's FTSE 100 is set to fall further on Tuesday, after a sell-off at the start of the week, with hawkish words from a US central banker reinforcing the 'higher-for-longer' interest rates messaging.

Read more
18 May 2023 14:07

IN BRIEF: SEEEN hires former D4t4 Solutions finance chief as new CFO

SEEEN PLC - London-based social media services firm - Has hired Carmel Warren as chief financial officer, effective June 1. Warrel was CFO at data analytics company D4t4 Solutions PLC from 2015 to 2019, then CFO at retail management solutions developer Universe Group PLC from October, 2020 to April, 2021. She currently is a non-executive director at Fonix Mobile PLC and Character Group PLC. Warren has not been appointed to the board but will attend meetings as company secretary and non-board CFO.

Read more
11 May 2023 11:47

Character Group profit falls amid "challenging" trading conditions

(Alliance News) - Character Group PLC on Thursday reported falls in profit and revenue in the first half of its financial year, saying trading conditions remained "challenging across all the group's markets", but predicted a stronger performance in the next six months.

Read more
20 Jan 2023 10:29

AIM WINNERS & LOSERS: Mirriad Advertising puts up for sale sign

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
20 Jan 2023 09:55

IN BRIEF: Character shares down as sales, profit to be below consensus

Character Group PLC - Surrey, England-based toy, games and gifts manufacturer - Revenue for the four months to December 31 is down 42% against the comparative period in 2021, with US sales suffering a particularly marked drop. Character says it remains optimistic that an anticipated rebound will come through strongly in the second half and that it will be profitable for the financial year as a whole. However, sales and pretax profit are expected to be marginally below current market expectations. 

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.