Procook Grp Share News (PROC)

UK shareholder meetings calendar - next 7 days

ProCook says Walmart executive to replace founder as CEO in September

(Alliance News) - ProCook Group PLC on Monday said its founder will step down as chief executive officer next month, slightly earlier than originally planned, replaced by a senior executive from US retailer Walmart Inc.

IN BRIEF: ProCook names Tappenden as new CEO as O'Neill to depart

ProCook Group PLC - Gloucester-based kitchenware retailer - Names Lee Tappenden as its chief executive officer after an external search process, starting in early October. Tappenden will bring "extensive leadership, retail and consumer experience, having spent over 25 years with Walmart Stores and Asda, where he held a range of senior management roles". He is currently the president of Amyris International, part of the Nasdaq-listed synthetic biology company which produces sustainable beauty and health ingredients and operates its own family of consumer brands.

LONDON MARKET MIDDAY: Stocks upbeat ahead of central banking panel

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors eagerly awaited a panel featuring the chiefs of the four largest central banks, hoping for hints on the future direction of monetary policy.

ProCook shares down on swing to annual loss as revenue falls

(Alliance News) - ProCook Group PLC on Wednesday reported a swing to loss for financial 2023 and lower revenue in the first quarter of new financial year, but eyes opportunities ahead.

SMALL-CAP WINNERS & LOSERS: Pod Point rises on Barratt partnership

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

DIRECTOR DEALINGS: Ferro-Alloy Resources CEO lifts stake to 13%

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

IN BRIEF: ProCook shares down as quarterly revenue decreases

ProCook Group PLC - Gloucester-based kitchenware retailer - Posts revenue of GBP12.6 million for the fourth quarter ended on April 2, down 9.7% from GBP14.0 million the year before, reflecting "ongoing uncertainty in the consumer backdrop and driven primarily by a reduction in Ecommerce revenue", Procook explains. Ecommerce revenue for the quarter is GBP4.9 million, down 21% from GBP6.2 million a year earlier. Revenue for the full year amounts to GBP62.3 million, down 9.9% from GBP69.2 million. Looking ahead, expects financial 2023 underlying pretax profit to be breakeven, in line with previous guidance.

LONDON MARKET MIDDAY: Stocks falter on US hike expectations and UK CPI

(Alliance News) - London's FTSE 100 traded lower on Wednesday at midday, hurt by a stubbornly high UK inflation reading and expectations for more interest rate hikes by both the Bank of England and the US Federal Reserve.

ProCook FY revenues contract amid ongoing consumer uncertainty

(Sharecast News) - Kitchenware brand ProCook said on Wednesday that revenues had contracted in both the fourth quarter and the year as a whole, reflecting ongoing uncertainty in the consumer environment.

IN BRIEF: ProCook shares up as on track to deliver annual expectations

ProCook Group PLC - Gloucester-based kitchenware retailer - Posts revenue of GBP22.4 million for the third quarter of financial 2023, down 2.5% year-on-year. Excluding revenue from discontinued Amazon channels, however, revenue grew by 0.8%. Total like-for-like revenue declined by 3.8% in the quarter.

LONDON MARKET MIDDAY: Stocks up as markets expect US inflation to cool

(Alliance News) - Stock prices in London traded solidly higher midday Thursday, with traders and investors cautiously positive ahead of a US inflation reading in the European afternoon.

LONDON MARKET OPEN: More UK retail cheer as markets rise before US CPI

(Alliance News) - London's FTSE 100 opened strongly on Thursday, supported by the view that the afternoon's US inflation reading will show another deceleration and prompt the Federal Reserve to dial back its aggressive monetary policy.

ProCook on track after strong holiday retail performance

(Sharecast News) - Kitchenware retailer ProCook reported total third-quarter revenue of £22.4m on Thursday, including the peak holiday trading period, which was down 2.5% year-on-year.

EARNINGS SUMMARY: ProCook swings to loss; CyanConnode loss widens

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