Pz Cussons Share News (PZC)

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.

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.

PZ Cussons offers to buy out Nigeria minority stake for £23m

(Sharecast News) - Consumer goods firm PZ Cussons has offered to buy out the minority-held shares of PZ Cussons Nigeria (PZCN) for £22.8m with a plan to de-list the business from the Nigerian stock exchange.

PZ Cussons upbeat after first year of Childs Farm ownership

(Sharecast News) - PZ Cussons said in an update on Tuesday that its baby and child personal care business Childs Farm looked set to experience a significant boost in revenue over the next five years.

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

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.

LONDON BROKER RATINGS: HSBC likes Aviva; Credit Suisse lifts Drax

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

LONDON BROKER RATINGS: Admiral on JPMorgan 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

London stocks rise on China recovery hopes; energy shares fall

China's Premier Li says will take steps to boost demand

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PZ Cussons eyes annual revenue, profit rise on Africa performance

(Alliance News) - PZ Cussons PLC on Tuesday said it expects revenue in the financial year that ended May 31 to be around GBP655 million and adjusted pretax profit to be at least GBP70 million.

LONDON MARKET OPEN: Stocks up; commodity stocks rally on China growth

(Alliance News) - Stock prices in London opened higher on Tuesday, with the FTSE 100 boosted by a rally in commodity stocks and the FTSE 250 led by Telecom Plus, which hailed a record year of results.

LONDON BRIEFING: Stocks called up; record profit for Telecom Plus

(Alliance News) - Stock prices in London were set to open higher on Tuesday, following a positive session for equities in Hong Kong and Shanghai.

Cussons sees higher profits despite one-off hit from Nigeria devaluation

(Sharecast News) - Consumer goods giant PZ Cussons said it expected to take a hit from the recent devaluation of the Nigerian naira, but would report higher annual sales and profits.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: RBC ups Anglo American; Berenberg likes Renew

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Travis Perkins appoints former Croda finance director as non-executive

(Alliance News) - Builders' merchant Travis Perkins PLC on Thursday said that Pete Redfern will step down as a senior independent director on June 1.