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Pin to quick picksNorcros Share News (NXR)

Share Price Information for Norcros (NXR)

London Stock Exchange
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Share Price: 213.00
Bid: 211.00
Ask: 213.00
Change: -1.00 (-0.47%)
Spread: 2.00 (0.948%)
Open: 219.00
High: 219.00
Low: 211.00
Prev. Close: 214.00
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TRADING UPDATES: Biome outlook unchanged, matches market consensus

Wed, 26th Jul 2023 14:18

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

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Seeen PLC - London-based social media services firm - Announces launch of artificial intelligence driven shoppable video prompts produuct, CreatorSuite 2.0. Says SVPs give its customers "a significant competitive advantage" in advertising and video ecommerce. Chief Executive Officer Adrian Hargrave says: "In an economic environment where both advertising markets are softer and consumers are spending less, we provide for our existing customers and those opportunities in our sales pipeline - publishers, retailers, service providers and sports clubs - the compelling ability to stimulate consumer demand and monetise all levels of engagement from video viewers. With the release of CreatorSuite 2.0, our budget and execution priority is now focused on our sales team and customer success."

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Jersey Electricity PLC - Jersey-based electricity importer, generator and distributor - Appoints Lynne Fulton as chief financial officer and executive director, effective immediately. Fulton was hired as finance director back in January. Prior to joining the company, she was United Utilities Group PLC's financial controller.

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Molecular Energies PLC - Argentina and US-focused oil and gas production company with additional assets in Paraguay - Starts rig mobilisation at Tapir well in the Pirity concession, Paraguay. Says process is expected to take around 21 days, and expects spudding in late August or early September. Adds that the exploration licence for Pirity has been extended by one year to September 2024.

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IQE PLC - Wales-based compound semiconductor wafer product supplier - Says trading for the six months ended June 30 is in line with expectations. Expects revenue for the half year to be at least GBP52.0 million, which matches market consensus. Notes it continues to manage costs and has implemented a diversification strategy in order to navigate current macroeconomic conditions. It is set to publish its interim results on September 8.

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Norcros PLC - Wilmslow, England-based bathroom and kitchen product supplier - Says trading in the three months to July 2 has been "resilient", with full-year expectations unchanged. Says revenue in the first quarter was up 2.1% on a constant currency basis from a year prior. On a like-for-like constant currency basis, revenue was 4.2% lower than the year before. Chief Executive Officer Thomas Willcocks says: "We have delivered a resilient first quarter performance against a continuing backdrop of uncertain market conditions, and the board's expectations for the full year remain unchanged. We remain confident that our market leading brands, diverse channels and end markets, and excellent customer service proposition will continue to deliver market share gains for the year ending 31 March 2024."

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Biome Technologies PLC - Southampton, England-based bioplastics and radio frequency technology company - Says revenue for the six months to June 30 was GBP3.6 million, up 50% from GBP2.4 million a year prior. This was mainly driven by "continued robustness of demand" in its Bioplastics division from new and existing customers in North America. Says trading in the second quarter of the year continued in line with its expectations, posting a revenue of GBP1.7 million, up 21% from GBP1.4 million during the same period last year. However, notes this is 11% lower than GBP1.9 million revenue in the first three months of 2023. Adds cash balance at June 30 was GBP930,000, 43% higher than GBP650,000 the year before. Looking ahead, says both its Bioplastics and RF Technologies divisions are performing well. Notes 2023 outlook remains unchanged and in line with market consensus.

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Motorpoint Group PLC - Derby, England-based automotive retailer - Says "difficult" macroeconomic conditions continued into the first quarter of the company's financial year ending March 31, 2024. Says it had a net cash position of GBP2.2 million at June 30, with further facility headroom of GBP35 million available, driven by its continued focus on working capital management and reduced capital spend. It adds that it took decisive action to lower the required breakeven volume of the company to a level which maintains cash generative trading.

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Ecora Resources PLC - Says portfolio contribution for the three months to June 30 was USD14.7 million. Portfolio contribution for the first half of the year was USD44.3 million, down 52% from USD92.8 million.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 May 2022 11:38

IN BRIEF: Norcros raises GBP18.6 million to part-fund acquisition

Norcros PLC - kitchen and bathroom products supplier - Raises gross proceeds of GBP18.6 million from placing of 8.1 million shares at a price of 230 pence per placing share. Numis Securities Ltd acts as the broker for the placing. The placing price is equal to Nocros's closing price of 230 pence on Wednesday, and the new shares represent roughly a 9.9% stake prior to the placing. Plans to use the proceeds of the placing to part fund the GBP80 million acquisition of peer Granfit Holdings Ltd.

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11 May 2022 19:35

TRADING UPDATES: Norcros to raise GBP18 million for acquisition

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

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14 Apr 2022 11:30

TRADING UPDATES: Norcros and Totally to deliver ahead of expectations

(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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14 Apr 2022 10:35

SMALL-CAP WINNERS & LOSERS: Norcros shares rally on strong trading

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

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14 Apr 2022 08:44

Norcros predicts record profit ahead of expectations

(Sharecast News) - Norcros said it expected record annual profit ahead of expectations after strong trading continued in the later stages of its financial year.

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7 Apr 2022 16:19

UK earnings, trading statements calendar - next 7 days

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Ferrexpo PLCTrading Statement
Monday 11 April 
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Sirius Real Estate LtdTrading Statement
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Cambridge Cognition Holdings PLCFull Year Results
Destiny Pharma PLCFull Year Results
easyJet PLCTrading Statement
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PZ Cussons PLCQ3 Results
Tesco PLCFull Year Results
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Dunelm Group PLCTrading Statement
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Ninety One PLC and LtdTrading Statement
Norcros PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Jan 2022 17:20

UK dividends calendar - next 7 days

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18 Nov 2021 16:15

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11 Nov 2021 11:16

Norcros confident in meeting expectations as interim revenue surges

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4 Nov 2021 16:05

UK earnings, trading statements calendar - next 7 days

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14 Oct 2021 17:09

LONDON MARKET CLOSE: Miners lead FTSE 100 as inflation fears ebb

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14 Oct 2021 12:29

TRADING UPDATES: Norcros and Braemar Shipping confident in outlook

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14 Oct 2021 12:00

LONDON MARKET MIDDAY: Mood upbeat as US earnings season enters Day 2

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14 Oct 2021 11:06

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

SMALL-CAP WINNERS & LOSERS: Norcros ups outlook; Sabre profit warning

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7 Oct 2021 16:04

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

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