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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

London Stock Exchange
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Share Price: 75.90
Bid: 76.20
Ask: 76.50
Change: 1.70 (2.29%)
Spread: 0.30 (0.394%)
Open: 76.00
High: 76.50
Low: 74.70
Prev. Close: 74.20
PZC Live PriceLast checked at -

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PZ Cussons takes confidence from product pipeline

Wed, 28th Sep 2016 07:49

(ShareCast News) - First quarter trading at PZ Cussons was "robust" and the washing, bathing and beauty group was bullish that its bulging pipeline of new products will allow it to weather challenging trading conditions it is facing in most markets.Despite the considerable uncertainty in its key African market of Nigeria, the FTSE 250 group said overall its performance and cash generation "in line with expectations", with its financial position having remained "strong".Europe, which contributed more than 60% of group operating profits last year, was "robust" with washing and bathing brands such as Imperial Leather, Original Source and Carex in the UK offsetting weaker beauty where UK sales of St Tropez fake tan were hit by poor weather, though encouragingly the US is reported to have been "particularly strong'".Africa, 21% of group earnings before interest and tax, saw "some improvement in liquidity" in Nigeria following the introduction of the new flexible exchange rate regime in June.Performance was again "robust" with the diverse brand portfolio in Nigeria "working well in an environment where the consumer is under significant inflationary pressure", while smaller operations in Ghana and Kenya in line with expectations.Asia saw "tough" conditions in Australia but with hopes buoyed by a strong new product pipeline in place for the remainder of the year across all categories, while Asian results are benefiting from weaker sterling.Sales in Indonesia was reported as "strong", while Thailand and the Middle East were in line. On the outlook, management stated: "The strength of the Group's brand portfolio and new product pipeline is serving us well and, together with a continued focus on costs, leaves the Group well placed to manage the challenging trading conditions that exist in most markets."The group's balance sheet remains strong and well placed to pursue new opportunities as they arise."
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18 Sep 2024 07:18

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(Sharecast News) - Consumer goods company PZ Cussons reported a 10.6% drop in full-year revenue to £527.9m on Wednesday, primarily due to the significant devaluation of the Nigerian naira against sterling.

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26 Jun 2024 09:17

PZ Cussons sees full-year profit in line despite currency challenges

(Alliance News) - PZ Cussons PLC on Wednesday said trading in the last quarter of the financial year was in line with management expectations despite an adverse movement in the value of the Nigerian naira.

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PZ Cussons ends year as expected amid currency headwinds

(Sharecast News) - PZ Cussons said in an update on Wednesday that trading in the final quarter of the financial year, which ended on 31 May, met management expectations.

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30 Apr 2024 09:46

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24 Apr 2024 17:06

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(Correcting day of the week in the opening sentence.)

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24 Apr 2024 17:00

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24 Apr 2024 10:11

PZ Cussons looks to sell St Tropez in push to add glow to share price

(Alliance News) - PZ Cussons PLC on Wednesday said it intends to sell its self-tanning brand, St Tropez, and review its African operations, as part of a strategic drive to improve shareholder returns.

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PZ Cussons to sell St Tropez tanning brand, evaluating Africa options

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