Hostmore Plc Share News (MORE)

LONDON MARKET CLOSE: Stocks down on fears on Fed, Iran-Israel tensions

(Alliance News) - Stock prices in London closed down on Tuesday, as investors showed concern over rising geopolitical tensions between Iran and Israel, while hopes of three US Federal Reserve interest rate cuts this year continue to fade.

TOP NEWS: Hostmore agrees to combine with TGI as notes fall in demand

(Alliance News) - Hostmore PLC on Tuesday said it agreed to combine with its own franchisor TGI Fridays Inc, while it posted a trading update in which it noted a decline in revenue due to lower demand.

LONDON MARKET MIDDAY: Shares sold-off on interest rate, conflict worry

(Alliance News) - European equities were sharply lower heading into Tuesday afternoon, on US interest rate concerns and mixed data from China, while tensions in the Middle East continue to simmer.

LONDON MARKET OPEN: Global tensions, US rate worries weigh on shares

(Alliance News) - Stock prices in London opened lower on Tuesday, with nearly all of the FTSE 100 in the red, as investors fret over US interest rate worries and simmering global tensions.

LONDON BRIEFING: DS Smith backs International Paper takeover

(Alliance News) - London's FTSE 100 has been called to open lower on Tuesday, following declines for Asian equities and a sizeable drop for US tech shares overnight.

IN BRIEF: Hostmore shares drop as half-year revenue stagnates

Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says revenue during second half of 2023 was flat on a like-for-like basis compared with prior year. This was an improvement on the first half, which was down 2% to GBP93.6 million from GBP98.5 million. Says December saw LFL revenue rise 4%, a "particularly encouraging" result, despite reduced operating hours at retail parks and shopping centres during holiday period. Also expects to report FRS102 earnings before interest, tax, depreciation and amortisation of GBP5.4 million, following a GBP3.8 million loss in 2022, with second-half earnings benefitting from restructuring actions implemented in first half. Net bank debt at December 31 was GBP25.1 million, down from GBP31.3 million at July 2.

IN BRIEF: Hostmore makes interim CFO Matthew Bibby permanent

Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says that Matthew Bibby has been appointed as permanent chief financial officer, and as a director, effective immediately. Bibby has been acting as Hostmore's interim CFO since September 8. He joined the company in 2019 as head of finance, before becoming the group's finance director in 2022.

IN BRIEF: Hostmore says political donation resolution "precautionary"

Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says that at its annual general meeting on June 7, Resolution 10 was passed despite 30% of votes cast against. The resolution sought authorisation to make political donations and incur political expenditure. Hostmore says it has directly engaged with the largest shareholders who voted against the resolution to understand their views, and notes that it has not made political donations nor incurred political expenditure since its listing in November 2021, and has no intention of doing so. Explains that it is customary for listed UK companies, including the company, to seek approval of the political donations resolution as a precautionary measure to avoid any inadvertent breaches of UK company law given the breadth of the applicable provisions.

Windar chair steps down with immediate effect, names successor

(Alliance News) - Windar Photonics PLC on Friday said Chair Johan Blach Petersen stepped down with immediate effect, although he will continue to serve as a non-executive director.

EARNINGS: Supply@Me loss narrows; notes strong pipeline

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

SMALL-CAP WINNERS & LOSERS: Hydrogen Utopia up as taps cannabis market

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

IN BRIEF: Hostmore says CFO Alan Clark resigns with immediate effect

Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says that Alan Clark has resigned as chief financial officer and executive director of the company in order to pursue other interests. He will step down from both positions immediately, but will continue as an employee for six months to ensure a smooth transition for Hostmore.

Unbound shares suspended as puts operating arm into administration

(Alliance News) - Unbound Group PLC asked for its shares to be suspended from trading in London on Monday, as it plans to put its main operating subsidiary into administration, under heavy debt.

Hostmore reports revenue fall in first 22 weeks of 2023

(Alliance News) - Hostmore PLC on Wednesday reported lower revenue in the first 22 weeks of 2023 to June 4.

UK shareholder meetings calendar - next 7 days