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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 86.70
Bid: 86.80
Ask: 87.00
Change: -0.20 (-0.23%)
Spread: 0.20 (0.23%)
Open: 86.30
High: 87.10
Low: 85.90
Prev. Close: 86.90
PZC Live PriceLast checked at -

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IN BRIEF: PZ Cussons says baby care acquisition set to triple revenue

Tue, 04th Jul 2023 08:58

PZ Cussons PLC - Manchester-based consumer goods company - Says Basingstoke-based baby and child personal care company Childs Farm has continued to perform well since acquisition by PZ Cussons in March 2022. Childs Farm reported 12% revenue growth in financial 2023, driven by strong consumer demand for sensitive skin products, PZ Cussons says. Growth so far is primarily in home market of the UK, driven by launch of new products, increased focus on consumer distribution and social and digital activation. PZ Cussons expects Childs Farm to triple revenue over the next five years through international and continued UK expansion.

Chief Financial Officer Sarah Pollard tells a capital market events focused on Childs Farm on Tuesday: "As a brand, Childs Farm is highly complementary to our strategic focus on the baby category, an attractive and growing market, and worth GBP3.5 billion in retail sales across our priority markets alone. Our success today in growing Childs Farm reflects our winning formula for brand building, a key part of our wider strategy as we continue to transform the business."

Current stock price: 161.20 pence, up 0.3% on Tuesday morning

12-month change: down 21%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Nov 2023 10:58

PZ Cussons says trading stable as Nigeria arm fends off high inflation

(Alliance News) - PZ Cussons PLC on Thursday said that trading remains in line with expectations and that its business in Nigeria remains strong despite "very high" inflation there.

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23 Nov 2023 07:27

PZ Cussons trading as expected, Nigeria plans progressing

(Sharecast News) - Consumer goods giant PZ Cussons said in an update on Thursday that its trading performance remained consistent with the outlook provided at its full-year results in September.

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26 Sep 2023 16:47

London close: Stocks mixed on global economic jitters

(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.

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26 Sep 2023 09:45

TOP NEWS: PZ Cussons revenue surges but profit drops on rising costs

(Alliance News) - PZ Cussons PLC on Tuesday said annual profit declined despite a jump in revenue, and the consumer goods company added that it expects to meet market expectations for the new year.

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26 Sep 2023 07:46

LONDON BRIEFING: PZ Cussons profit drops; Smiths Group profit triples

(Alliance News) - Stocks in London are set to open in the red on Tuesday as concerns around the world's two largest economies weighed on market mood.

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26 Sep 2023 07:20

Cussons holds guidance despite fall in FY profits

(Sharecast News) - Personal care consumer goods maker PZ Cussons on Tuesday held annual guidance despite a fall in full-year profits as cost inflation and issues at its Nigerian operation continued to weigh.

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19 Sep 2023 15:52

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5 Sep 2023 09:32

IN BRIEF: PZ Cussons offers GBP23 million to de-list Nigeria business

PZ Cussons PLC - Manchester, England-based hygiene, baby and beauty consumer products - Offers to buy out minority shareholders of Nigerian subsidiary and de-list the company from the Nigerian stock exchange. PZ Cussons Nigeria PLC has a portfolio of family care brands, such as Premier, Joy and Morning Fresh. PZ Cussons has offered NGN21, about 2.2 pence, per share to buy the 26.7% of the Nigerian subsidiary that it doesn't already own. This will be a total cost of GBP22.8 million. PZ Cussons says the funding will come from its cash balances in Nigerian naira. It thinks the acquisition will "significantly simplify and strengthen" its business in Nigeria.

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5 Sep 2023 08:14

PZ Cussons looks to delist Nigeria unit with offer to minority shareholders

Sept 5 (Reuters) - Soap maker PZ Cussons said on Tuesday it has offered to buy out minority shareholders of PZ Cussons Nigeria (PZCN) and aims to de-list the business from the Nigerian stock exchange amid "foreign exchange challenges" in the country.

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