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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: 90.00
Bid: 90.30
Ask: 90.50
Change: 0.30 (0.33%)
Spread: 0.20 (0.221%)
Open: 88.00
High: 92.10
Low: 88.00
Prev. Close: 89.70

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UPDATE 2-Fake tan out, soap in as coronavirus keeps people at home - Cussons

Thu, 16th Apr 2020 08:12

* Third-quarter revenue falls YOY

* Says fake tan St Tropez hit hard by social distancing

* Demand for soaps, sanitisers surge - Cussons
(Adds quote, background on St Tropez)

April 16 (Reuters) - Beauty products maker PZ Cussons
is seeing a surge in demand for its Carex hand wash,
sanitiser gels and Imperial Leather soap due to the coronavirus
pandemic, while facing a slowdown in its fake tan brand St
Tropez.

PZ Cussons said St Tropez, which has been namechecked by Kim
Kardashian and other social media influencers, has been hit hard
by the social distancing measures in place in Britain, the
United States and across Europe.

"Our significant marketing activities planned for Q4 have
been cancelled and we expect this business to be slow to
recover," the company said.

The British company's personal care business, which includes
beauty, made up almost 60% of group revenue last year. St Tropez
was a big driver of beauty revenue, with sales in the United
States up by 30% in 2019.

It pointed to a slow recovery in the beauty business as
retailers are now stocking up on hygiene and personal care
products rather than cosmetics.

"Our full year profit guidance remains within consensus
range, albeit at the lower end," PZ Cussons, which recently
hired Avon Products executive Jonathan Myers as its new CEO,
said.

The company's shares were trading 1% lower at 177.9 pence by
0749 GMT.

The group reported a fall in overall revenue in the third
quarter ended Feb. 29 year-on-year and said the impact of the
coronavirus and the restrictions imposed to prevent its spread
remained significant.

PZ Cussons' key manufacturing sites around the world remain
open, despite the restrictions, it said.
(Reporting by Muvija M in Bengaluru and Josephine Mason in
London; Editing by Ramakrishnan M./ Saumyadeb Chakrabarty/Jane
Merriman)

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13 Apr 2022 07:42

PZ Cussons Q3 revenues rise as inflation to have 'limited' impact

(Sharecast News) - Consumer goods group PZ Cussons said third quarter sales rose 8.5% driven by its price-to-discount mix as it maintained volumes during the period.

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6 Apr 2022 15:52

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1 Apr 2022 12:11

IN BRIEF: PZ Cussons CEO buys GBP100,000 in shares

PZ Cussons PLC - Manchester-based personal and home care and beauty products - Charmian Myers, an associate of Chief Executive Officer Jonathan Myers, buys 51,175 shares at GBP1.96, worth GBP100,252, on Wednesday.

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21 Mar 2022 08:27

PZ Cussons acquires personal care firm Childs Farm for GBP37 million

(Alliance News) - PZ Cussons PLC on Monday said it has acquired Basingstoke, England-based baby and child personal care brand Childs Farm for GBP36.8 million in cash.

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Cussons buys Childs Farm for £36.8m

(Sharecast News) - Consumer products giant PZ Cussons said it had bought UK baby and child personal care company Childs Farm for £36.8m in cash.

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PZ Cussons unable to match strong prior year sales in first half

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9 Feb 2022 08:09

UPDATE 1-PZ Cussons' half-year profit falls as demand softens, costs rise

(Adds CEO quote, details)Feb 9 (Reuters) - Soap maker PZ Cussons said on Wednesday its first-half profit fell from a year earlier as demand for its hand wash and sanitisers dipped from the heights hit during the peak of the COVID-19 pandemic.The m...

Read more
9 Feb 2022 07:34

PZ Cussons' half-year profit falls as soap demand dips from COVID highs

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