Nwf Share News (NWF)

NWF Group buys SC Feeds

Agricultural company NWF Group has bought the entire issued share capital of SC Feeds, a UK animal feed manufacturer. The group is paying up to £6.75m, including an initial consideration of £6m in cash to be satisfied from NWF's existing banking facilities, and up to £0.75m through issue of new ord

NWF Group Retains Princes Warehousing, Distribution Contract

NWF Group Says Trading In First Quarter In Line With Expectations

NWF Group cuts net debt

Agricultural and distribution business NWF Group said Thursday it has reduced net debt after exceeding trading expectations. In a trading announcement for the half-year ending November 30th, the company said debt has been lower than anticipated after the board hit sales targets. The group is ant

Small caps round-up: NWF Group, Timeweave, North Midland Construction

NWF Group has appointed Brendon Banner as its new Group Finance Director as of November, replacing Johnathan Ford who is leaving at the end of September to take over the position of Chief Financial Officer of HomeServe. Brendon joins from William Hare Group, a structural steel engineering and fabric

NWF Group hampered by fuel and food

Full year figures from NWF Group, the specialist agricultural and distribution business, were in line with expectations as the firm suffered a sharp fall in profits. Revenue was up 16.5% to £540.2m but pre-tax profits took a dive from £7.6m to £5.1m. Basic earnings per share down 29.6% to 8.1p and

Wednesday broker round-up - UPDATE

Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta

UPDATE: Thursday broker round-up

Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t

Feeds profits jump as NWF reports record year

Agricultural and distribution group NWF hailed another record year, as strong growth in the Feeds business helped the group to beat profit expectations. Pre-tax profit was a record £7.6m in the 12 months ended 31 May, up 7% from the £7.1m recorded the year before and ahead of forecasts of £7.3m (Pe

Broker tips: IHG, British Land, NWF

Hotel chain operator InterContinental Hotels Group (IHG) has been oversold, according to Prime Markets, which has reiterated its buy recommendation on the stock. "[IHG] is currently a victim of the global stocks sell-off, but in our view this should not detract from a solid 6 months of results nor

Broker snap: NWF downgraded by Peel Hunt after strong run

Final results from agricultural supplier NWF Group beat expectations, but Peel Hunt downgrades its rating on the stock, saying that the new revised target price reflects current market valuations. "Results were ahead of expectations, with profit before tax up 7% to £7.6m, versus our forecast of £7.

NWF expects record year

Agricultural supplier, NWF Group, said it expects a record year, driven by high commodity prices and an unusually cold winter. The company said it expects to be significantly ahead of its prior expectations of performance to the end of May 2011, when it reports full year figures. The firm said pro

NWF reports interim improvement

A strong performance from animal feeds offset tough trading for the food distribution business and enabled AIM-quoted NWF to report higher interim profit. Revenues grew 16% to £203.4m in the six months to November 2010, while pre-tax profit improved from £2m to £2.2m. Net debt was 317.1m at the en

Strong food distribution growth at NWF

Distribution group NWF reported growth in full year profits, helped by lower interest charges, but it will be difficult to repeat those profits this year. Underlying profits improved from £6.2m to £7.1m on flat revenues of £379.8m in the year to May 2010. The total dividend was raised from 4.1p a

NWF Group Sees Another Record Year For FY10 >NWF.LN

LONDON (Dow Jones)--NWF Group PLC (NWF.LN), a specialist distribution business, said Wednesday it plans to announce preliminary results for the year ended May 31, on Aug. 10, and anticipates another record year for the Group. MAIN FACTS: -As announced June 15, NWF's divisions have enjoyed an