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Park Group anticipates in-line full year results

Wed, 02nd Apr 2014 08:33

AIM-listed Park Group, a gift voucher and prepaid gift card provider, said on Wednesday that its trading for the year ended March 31st was in line with market expectations after experiencing a continued gradual improvement in trading conditions.The company said its final Christmas order book was around 2% below the level of the previous year, but that overall trading had been moving in a positive direction. Notably, the Consumer business in Ireland delivered an improved performance, with billings ahead by over 12%.The Corporate business made generally good progress, the group reported, with underlying growth in billings, excluding consumer credit, increasing by over 7% compared with last year. However, the consumer credit sector remained weak and as a result, overall billings for the Corporate business will be approximately 11% below last year's level. In a statement the group said: "The recovery of the UK economy now appears more stable and this has had a positive impact across our business units. "While the improvement in consumer confidence came too late to impact billings for Christmas 2013, the early signs for Christmas 2014 are encouraging. Park's UK order book is currently 10% above last year's level, with orders in Ireland up over 3%." It added: "The outlook for 2014 remains positive, given the continuing improvement in UK economic conditions and consumer confidence." The group also reported that the expansion of its online trading business, highstreetvouchers.com, was maintained with orders advancing 27% year-on-year.The company will announce its preliminary results on June 10th.The share price rose 2.51% to 51p by 08:55. NR
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14 May 2018 12:10

Gift Cards Provider Park Group Appoints Tim Clancy As Finance Head

LONDON (Alliance News) - Park Group PLC, the company behind Love2Shop prepaid gift card, said Monday that Tim Clancy will succeed Martin Stewart as group finance director on August announced his a

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Park Group Says Gary Woods Steps Down From Board And Will Retire

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9 Jan 2017 09:02

Retail Gift Card Provider Park Group Receives Mastercard License

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9 Jan 2017 08:53

Park obtains license for Mastercard products

(ShareCast News) - Park Group, a British multi-retailer, announced that it is now a licensed issuer of Mastercard products. The group is now able to issue Mastercard prepaid cards for online redemption at selected retailers including John Lewis, Argos and Debenhams. The offering will be expanded to

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22 Nov 2016 16:20

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5 Oct 2016 07:59

Park Group buys employee motivation partner Fisher Moy

(ShareCast News) - Multi-retailer gift voucher company Park Group has acquired Fisher Moy International, a corporate employee and customer engagement specialist, for an undisclosed fee after working with the company for over a year as an external provider. The AIM-listed company expects debt-free Fi

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22 Sep 2016 07:37

Park Group Order Book Up Ahead Of Busier Second Half

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1 Jul 2016 09:41

Park Group Deputy Chairman Dembitz Steps Down

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14 Jun 2016 09:48

Park Group Encouraged By Current Year So Far As Annual Profit Rises

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5 Apr 2016 15:21

Park Group appoints Laura Carstensen as chairman

(ShareCast News) - Park Group, the AIM-listed UK retail voucher and gift card services provider, has appointed Laura Carstensen to succeed Peter Johnson as non-executive Chairman on his retirement. In statement on Tuesday, the company said the appointment would take effect from 3 June. Carstensen jo

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5 Apr 2016 09:05

Park Group Annual Results To Be In Line; Appoints New Chairman

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