LONDON (Alliance News) - UK home shopping and education business Findel PLC Wednesday said that it has increased its securitisation facility for its Express Gifts division. Express Gifts is the group's direct mail-order business and largest segment, and has been the driving force behind the
The FTSE Small Cap index and junior-listed AIM
shares both gain 0.3 percent, in line with the blue
chips and outperforming a 0.2 percent rise on the FTSE
250 index. Home shopping firm Findel climbs 3.5 percent after
lifting the funding facility to support the growth of its
Express Gifts bus
Home shopping and education business Findel narrowed its first half losses as it reported a 51 per cent rise in revenue of 243.6m pounds.
Loss before tax came to £0.4m in the six months ended September 27th, down from a loss of £6m the previous year.
The company's Express Gifts division, which in
Shares in UK Home Shopping and Education business Findel took a hit on Tuesday after the group warned of problems within its Kleeneze business, and decline in Kitbag sales, increasing first-half losses.
Within Kleeneze, the company's efforts to arrest decline continued, however comparators to the
The FTSE Small Cap Index closes up 0.3 percent while the FTSE AIM
All Share Index ends 0.2 percent higher, while the FTSE 250 mid-cap
index lags with a 0.1 percent gain. Home shopping company Findel ends up 11.6 percent after the company
issues a trading update in which it says that group s
ASOS: HSBC Holdings increases target price from 3660p to 4380p and keeps an overweight rating.
Bellway: Deutsche Bank raises target price from 1482p to 1503p and reiterates a hold recommendation.
Betfair Group: Citi ups target price from 880p to 950p, upgrading from neutral to buy.
Capco: UBS inc
The FTSE small-cap index sheds 0.2 percent, outperforming falls of
0.5-0.9 percent for the mid caps, the blue chips and the junior
FTSE Alternative Investment Market (AIM) all-share index. Shares in Findel rise 7.5 percent to the top of the FTSE small-cap
index as the home shopping group sw
Home shopping, educational and healthcare business Findel has unveiled its results for the 52 weeks ended March 29th showing rises in profit, revenue and earnings per share.
Total group revenue grew by 8.0% to £580.6m, with continuing operations excluding the Healthcare division (which was sold aft