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Share Price: 1.65
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EARNINGS SUMMARY: Foxtons profit doubles; Reach yearly profit dips

Tue, 07th Mar 2023 14:39

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

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Foxtons Group PLC - London-focused estate agency - Annual pretax profit doubles in 2022 to GBP11.9 million from GBP5.6 million a year ago, as revenue climbs 11% to GBP140.3 million from GBP126.5 million. Declares final dividend of 0.7 pence per share for 2022, soared from 0.27p for 2021. Total dividend is 0.90p per share, doubled from 0.45p a year prior. Says trading in January and February is in line with own expectations. Notes lettings market dynamic of low volumes and high rental prices in 2023. Expects year-on-year rental price growth rates to normalise.

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JPMorgan Emerging Markets Investment Trust PLC - FTSE250-listed investment trust - Net asset value per share as at December 31 falls 14% to 117.6 pence from 136.4p a year prior. Declares interim dividend of 0.58 pence per share, up 12% from 0.52p a year prior. NAV total return is positive 1.3%, outperforming its benchmark, MSCI Emerging Markets Index with net dividends reinvested, which had a negative total return of 2.1%. Looking ahead, the trust says it is confident that emerging markets will provide a wide selection of opportunities. "Whilst there may be periods when this approach underperforms our benchmark index, we believe that it will continue to reward investors over the longer term," says Chair Aidan Lisser.

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Physiomics PLC - London-based oncology consultancy, which uses mathematical models to support the development of cancer treatment regimens and personalised medicine solutions - Pretax loss in the first half of financial year 2023 to December 31 widens to GBP287,000 from GBP170,000 a year ago. Company says it "significantly diversified its client base over the course of the last year," with about 62% of total revenue for the first half derived from six small or medium-sized clients, compared to four small or medium-sized clients representing 33% of total revenue a year prior. Revenue falls to GBP338,000 from GBP366,000. Looks forward to "solid second half."

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Reach PLC - London-based newspaper, magazine and digital publisher - Reports disappointing annual results for the year to December 25, as revenue falls 2.3% to GBP601.4 million from GBP615.8 million. Pretax profit drops 9.7% to GBP66.2 million from GBP73.3 million. Costs, however, decrease 1.2% to GBP531.5 million from GBP538.1 million. Leaves final dividend unchanged at 4.46p. "The next 12 months will bring fresh challenges, but we've proven over the past few years that Reach is a resilient business," firm says.

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Revolution Bars Group PLC - Tameside, England-based bar chain - Swings to pretax loss of GBP91,000 in the half year to December 31, amid high energy costs, compared to a profit of GBP4.3 million a year ago. Revenue grows 2.5% to GBP76.0 million from GBP74.1 million. Cost of sales increase outpaces revenue growth, widening 6.7% to GBP17.4 million from GBP16.3 million. Operating expenses increase 8.4% to GBP55.5 million from GBP51.2 million. "Inflation continues to drive the cost-of-living crisis which has a dual-pronged impact of heightening costs for the group whilst affecting guest confidence. Energy prices are trending in the right direction which is helpful for the business, but also hopefully for our guests in order to ease the inflationary pressures that currently exist," Revolution Bars says. Anticipates to achieve adjusted earnings before interest, tax, depreciation and amortisation in line with market expectations for financial year 2023, ending July 1.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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UPDATE: Nightcap confirms talks for potential buy of Revolution Bars

(Alliance News) - Nightcap PLC on Thursday confirmed talks with Revolution Bars Group PLC, which could result in the former making a takeover offer.

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Revolution Bars confirms takeover talks with Nightcap

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Revolution Bars raises GBP12.5 million from fundraise

(Alliance News) - Revolution Bars Group PLC on Wednesday said it has raised GBP12.5 million through a placing, subscription and open offer.

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UK shareholder meetings calendar - next 7 days

Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
Tuesday 30 April 
Amigo Holdings PLCGM re capital raise
Anglo American PLCAGM
BBGI Global Infrastructure SAAGM
CVC Income & Growth LtdAGM
Elementis PLCAGM
Minoan Group PLCAGM
Pebble Group PLCAGM
Robert Walters PLCAGM
Rotork PLCAGM
Wednesday 1 May 
Alfa Financial Software Holdings PLCAGM
Alpha Group International PLCAGM
AVI Japan Opportunity Trust PLCAGM
Domino's Pizza Group PLCAGM
Electric Guitar PLCGM re reverse takeover of 3radical
Flutter Entertainment PLCAGM including vote on primary listing move to New York
Glanbia PLCAGM
Jade Road Investments LtdAGM
Johnson Service Group PLCAGM
Smith & Nephew PLCAGM
Spirent Communications PLCAGM
STV Group PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Witan Investment Trust PLCAGM
Thursday 2 May 
AIB Group PLCAGM + EGM re proposed buyback of shares from Irish government
Aviva PLCAGM
Ecora Resources PLCAGM
Enwell Energy PLCAGM
F&C Investment Trust PLCAGM
Glenveagh Properties PLCAGM
Grafton Group PLCAGM
Gran Tierra Energy IncAGM
Howden Joinery Group PLCAGM
ITV PLCAGM
Kerry Group PLCAGM
Melrose Industries PLCAGM
Moneysupermarket.com Group PLCAGM
Personal Group Holdings PLCAGM
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Revolution Bars Group PLCGM re fundraising
Rio Tinto PLCAGM
SIG PLCAGM
UK Commercial Property REIT PLCGM re merger with Tritax Big Box REIT PLC
Ultimate Products PLCGM re share buyback programme
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Revolution Bars raises up to GBP12.5 million amid mooted sale plans

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Revolution Bars could close 18 sites under overhaul plans

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Revolution Bars proposes restructuring, eyes £12.5m equity raise

(Sharecast News) - Bar and gastro pub operator Revolution Bars has proposed a restructuring of the group, which would involve the shuttering of several sites, rent reductions, and an equity raise of up to £12.5m featuring new and existing investors.

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LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

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Revolution Bars looks to raise funds as reviews future options

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Revolution Bars shares suspended as fails to publish interim results

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