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Pin to quick picksDesign Group Share News (IGR)

Share Price Information for Design Group (IGR)

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Share Price: 217.50
Bid: 215.00
Ask: 220.00
Change: 0.00 (0.00%)
Spread: 5.00 (2.326%)
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Prev. Close: 217.50
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IG Design's profits leap after seasonal acquisition

Tue, 27th Nov 2018 12:59

(Sharecast News) - IG Design Group reported on Tuesday that its interim profit increased following the recent purchase of Minnesota-based Impact Innovations.The gift packaging and greetings card maker's profit before tax for the six-month period ended 30 September stood at £14m, up by 48% from the same period the year before, as revenue increased by 23% to £205.2m.At 30 September, cash and cash equivalents stood at £1.6m, down from £2.3m at the same point last year, while the interim dividend increased by 25% to 2.5p per share.Paul Fineman, chief executive of IG Design, said: "Our overall performance during the first half of the year has been particularly pleasing. Alongside the completion of a milestone acquisition in the USA, we have seen robust organic growth particularly in higher margin product categories and an excellent return on investment coming through from the many efficiency initiatives undertaken."Excluding the impact of gift packaging and seasonal décor provider Impact Innovations, which was acquired for £56.5m in August, sales increased by 4% and profit before tax jumped by 38%."We go into the second half with a record order book and meaningful operational and commercial initiatives in full swing throughout the group. As a result, we are pleased to announce the group's full year forecasted earnings are anticipated to be ahead of market expectations. The board is confident that our stakeholders should expect more of the same going forward," said Fineman.IG Design's shares were up 1.99% at 576.25p at 1535 GMT.
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29 Jan 2014 07:58

International Greetings does well at Christmas

People buying wrapping paper and gift bags helped packaging and stationery group International Greetings to celebrate a good Christmas. The company said third-quarter results had matched expectations after it did well in festive trading. It said gift bag sales were increasing and it was boosting

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4 Dec 2013 07:46

International Greetings profit falls, margins improve

- Half-year profit shrinks - Margins improve - Robust order book for the full year 2013/14 Gift packaging, stationery and gifts group International Greetings said sales and profit for the six months to the end of September deteriorated while margins improved. The group, which sells over 2bn feet

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5 Sep 2013 12:43

DIRECTOR DEALINGS - International Greetings Directors Gives Shares To Sons

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3 Sep 2012 10:17

International Greetings says a big hello to America

International Greetings, the gift packaging, stationery and gifts group, announced further expansion in the US on Monday, giving its share price a strong lift. The Hatfield-based firm has begun supplying the largest drugstore chain in the US, giving it access to a 7,900-store network in the world's

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24 May 2012 13:28

Small caps round-up: Autologic, Netcall, Animalcare ...

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4 Apr 2012 15:45

Millennium and Copthorne Hotels non-exec makes sale

Richard Hartman, a Non-Executive Director of FTSE 250 firm Millennium and Copthorne Hotels, sold 132,694 shares in the company on April 3rd at a price of 478.00p each. The £634,277 transaction followed the vesting of around 479,000 shares under the firm's long term incentive plan on March 30th 200

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13 Jan 2012 11:19

Friday broker round-up - UPDATE

Vodafone: Nomura upgrades to buy. Bunzl: UBS cuts to neutral from buy. RSA Insurance: Citi cuts to neutral from buy. BT Group: Nomura upgrades to buy from reduce. RBS: Seymour Price upgrades to buy from reduce. BG Group: JP Morgan raises price target to 1,900p from 1,455p. Tesco: Credit Suiss

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13 Jan 2012 07:55

International Greetings sells over 2bn ft of wrapping paper

International Greetings, a gift wrap and stationery supplier, performed in line with management's expectations during the Christmas trading period and the third quarter. During the Christmas period the firm's annual gift wrap sales exceeded 2 billion feet for the first time. Paul Fineman, Chief

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6 Dec 2011 07:57

International Greetings shrugs off challenging markets

Gift wrap and stationery supplier International Greetings reported a 6%increase in half year sales and said significant opportunities across its markets gives makes it optimistic for the future. Sales in the half-year to 30 September rose to £110.3m from £104.5m in 2010. Profit from continuing ope

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8 Dec 2010 16:56

London close: Footsie slips back on sluggish day

Shares struggled to snap out of their earlier sluggishness all day, closing just a few points in the red. Bid-related activity was the main source of excitement. Medical devices group Smith & Nephew was swept more than 9% higher by talk of a possible acquisition. US private equity firms are though

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8 Dec 2010 15:19

London afternoon: Footsie loses grip

The 5,800 level is under pressure as a weak start on Wall Street begins to drag London back into negative territory. Insurers Prudential, Aviva and Resolution are doing their best to keep the market's head above water, but losses in the mining sector - Rio Tinto, Randgold and Anglo American have fa

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8 Dec 2010 12:08

London midday: Retail stocks take centre stage

Footsie is in sluggish mode today although there is some excitement among retail-related stocks. Figures from the British Retail Council show shop price inflation fell for the first time in five months in November as nervous retailers slashed prices to make sure shoppers splash out in the run-up to

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8 Dec 2010 08:57

London open: Blue chips head lower

London has opened lower as a bullish mood in the US following a two-year extension to tax cuts faded by the close last night. Smith & Nephew is the best performer by some distance, while Royal Dutch Shell is also higher after an upgrade to equal-weight from underweight from Morgan Stanley. The dea

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8 Dec 2010 08:37

International Greetings wraps up strong H1

Gift wrap and stationery supplier International Greetings more than doubled half year profit while sales rose 13% as it moves confidently into the key Christmas period. Trading has continued in line with expectations since the period end, the group said in a company statement. "We expect condition

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28 Oct 2010 14:40

Strong first half for International Greetings

Gift wrap and stationery supplier International Greetings says that sales have grown in line with expectations in the first half, although the second half is the most important period for the company. The six months to September 2010 have benefited from Toy Story 3 licensed products. There has als

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