(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Dunelm Group PLC - Home furnishings retailer - All 145 stores in England will be closed but will continue to operate Click & Collect services. New lockdown does not include "homewares" on list of permitted retail businesses, as it was in May. Welsh stores are set to reopen on Monday next week, while stores in Scotland and Northern Ireland remain open.
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Superdry PLC - clothing retailer - For six months ended October 24, revenue fell by 23% year-on-year, due to a challenging trading environment as a result of continued Covid-19 disruption. All 122 stores have been closed across England, Wales, France, Belgium and Ireland, however 117 stores are still open and trading. Superdry is to continue its brand reset despite high levels of volatility. Plans to focus on e-commerce to maximise revenue over the Black Friday trading period.
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Comptoir Group PLC - London-based operator of Lebanese restaurants - All venues to be closed with immediate effect until further notice. Measures are in place to reduce the financial impact, including the reduction of operating costs and accessing government support schemes.
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Ramsdens Holdings PLC - pawnbroker - All 85 stores in England to remain open due to being a provider of certain services and considered essential by the UK government. Expects stores in Scotland to remain open should the country announce further restrictions.
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Headlam Group PLC - floor covering firm - Operations to remain open during lockdown period, with all customer orders being fulfilled as normal. Expects to continue purchasing product and increase availability throughout the period.
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DFS Furniture PLC - furniture retailer - All physical showrooms in England, Republic of Ireland and Wales to be closed, reflecting 181 of 208 showrooms across the estate. Welsh showrooms to open on Monday next week. Websites to remain open for business. In addition, does not expect the period of showroom closure to materially affect revenue for profitability for first half of financial year.
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Angling Direct PLC - specialist fishing tackle retailer based in Norfolk - Stores to close, but will continue trading through call-and-collect services, while webstore remains operational for the UK and European sales. Despite disruption, trading has remained in line with market expectations for the year ending January 31, 2021.
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Everyman Media Group PLC - London-based cinema group - Venues to be closed with immediate effect until further notices. Will take measures to reduce the financial impact of closures, including the reduction of operating costs and the postponement of new sites and refurbishments.
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Joules Group PLC - Leicestershire-headquartered lifestyle brand - All retail stores in England are closed, with all store workers to be placed on furlough during the period. Stores in Scotland and Northern Ireland remain open. Joules believes it is well positioned to satisfy higher online demand over the forthcoming trading periods. Looking ahead, is on-track to deliver on expectations for the 2021 financial year.
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Various Eateries PLC - Restaurants operator - Restaurants and hotels have been closed and remain so, but will intend to resume its takeaway service at certain sites. Opening of new Coppa Club in Cobham has been delayed, but group expects to have losses made during the lockdown covered by its Business Interruption Insurance.
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Coral Products PLC - Merseyside-based supplier of injection moulded plastic products - Sales for the second quarter ended October 31 rose to GBP6.8 million from GBP5.4 million the previous quarter. Looking ahead, believes it is well positioned to face the challenges experienced as a result of the second UK lockdown.
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Inchcape PLC - London-based automotive distributor and retailer - For the third quarter to the end of September, revenue was GBP1.9 billion, reflecting a 19% drop at actual rates. On an organic basis, revenue declined by 10% for the third quarter, and 23% for the year-to-date. Will not give guidance following recent restrictions imposed on operations in the UK and Belgium.
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TheWorks.co.uk PLC - Birmingham-based retailer - For the six months ended October 25, total sales were down 7.1% year-on-year, as a result of store closures during the first UK lockdown. Excluding first seven weeks of period, like-for-like sales grew by 11%. Due to higher level of uncertainty, TheWorks will not issue profit guidance for full 2021 financial year, and expects new UK restrictions to have a "material adverse effect" on sales, as most stores are forced to close.
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Quiz PLC - fashion retailer - Company's 36 stores and 114 concessions in the UK to be closed with immediate effect, as well as two stores and 11 concessions in Republic of Ireland. Scottish and Northern Irish stores to remain open. For closed stores, all employees to be placed on furlough.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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