Loungers Plc Share News (LGRS)

Loungers on track with roll-out plan

(Sharecast News) - Café, bar and restaurant operator Loungers said on Monday that its accelerated site roll-out plan remains firmly on track, with four further sites opened since 13 September.

Broker tips: Loungers, Hays

(Sharecast News) - Liberum has kept a 'buy' recommendation on Hays despite the recruitment firm failing to meeting expectations with its first-quarter results, but has trimmed its target price slightly from 125p to 120p.

Loungers eyes future pipeline of opportunities as sales jump

(Alliance News) - Loungers PLC on Friday said it is confident that it will open some more sites, as revenue in the first half of its financial year jumps.

Shore Capital sees significant upside at hospitality group Loungers

(Sharecast News) - Shore Capital has reiterated its 'buy' stance on Loungers, highlighting that the stock has not budged since its 2019 IPO despite the hospitality company having made "material progress".

Loungers flags robust first-half growth in update

(Sharecast News) - Hospitality operator Loungers announced a promising trading update for the 24 weeks ended 1 October on Friday, highlighting robust year-on-year like-for-like sales growth of 7.7%.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Loungers opens new Lounge branch as local "home-from-home"

Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Opens Verdetto Lounge, its 200th venue under the Lounge brand, in Buckingham, England. Says the "landmark site," offering all-day food and drink, is designed as a "home-from-home" for local people and to bring positive change to the community. Lounge intends to open 34 new sites across all three brands in the current financial year, and Verdetto brings its total estate size to 238 sites with 35 Cosy Club and three Brightside branches. Says each new Lounge brings almost GBP1 million of investment into its local high street.

Loungers appoints hospitality veteran to head Cosy Club brand

(Sharecast News) - Cafe, bar and restaurant operator Loungers announced the appointment of Lucy Knowles as the new managing director of its Cosy Club brand on Friday.

IN BRIEF: Loungers Chair Alex Reilley sells GBP380,000 in shares

Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Chair Alex Reilley sells 200,000 shares at 190 pence, worth GBP380,000, on Wednesday. The share sale was to settle a tax bill, Loungers says, and Reilley retains 6.8 million shares, a 6.5% stake. Before the market open on Wednesday, Loungers released its annual results. Pretax profit fell to GBP7.3 million in the financial year that ended April 16 from GBP21.6 million.

Director dealings: Ironveld director linked to purchase, Loungers chair covers tax bill

(Sharecast News) - Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.

Loungers annual revenue grows but profit down amid ballooning costs

(Alliance News) - Bar and cafe owner Loungers PLC on Wednesday reported an annual revenue surge, but profit fell as costs increased significantly.

Loungers reports record full-year revenue

(Sharecast News) - Bar and restaurant operator Loungers reported record revenue and significant expansion in its final results on Wednesday.

UK earnings, trading statements calendar - next 7 days

ShoreCap starts Loungers at 'buy'

(Sharecast News) - Shore Capital initiated coverage of Loungers on Tuesday at 'buy' with a fair value of 300p, referring to the company as a "high-quality" business.

Broker tips: Smiths Group, AB Foods, Loungers

(Sharecast News) - Bank of America Merrill Lynch upgraded Smiths Group on Tuesday to 'buy' from 'underperform' and lifted the price target to 2,000p from 1,150p, as it pointed to "hidden value waiting to be realised".