The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksReach Plc Share News (RCH)

Share Price Information for Reach Plc (RCH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 80.60
Bid: 80.20
Ask: 80.50
Change: 1.80 (2.28%)
Spread: 0.30 (0.374%)
Open: 78.20
High: 80.70
Low: 78.00
Prev. Close: 78.80
RCH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: Halfords on fast track as bike sales surge

Mon, 01st Mar 2021 11:08

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

----------

SMALL-CAP - WINNERS

----------

Halfords Group, up 19% at 345 pence, 12-month range 49.58p-352p. The car parts and bicycle retailer says trading has been "volatile" but stronger than expected as it guides to a sharp jump in annual profit. Cycling like-for-like sales in the period were up 43%. Halfords expects full-year underlying pretax profit to be around GBP90 million to GBP100 million, even after deciding to repay in full GBP10.7 million of furlough income received. For the financial year that ended April 3, 2020, underlying pretax profit amounted to GBP55.9 million.

----------

McColl's Retail Group, up 9.0% at 25.94p, 12-month range 14.26p-56p. The convenience store operator extended its partnership with blue-chip grocer Wm Morrison Supermarkets. In addition, Peel Hunt raised the stock to Buy from Hold. Morrisons was up 0.9%.

----------

Restaurant Group, up 9.0% at 118.65p, 12-month range 20.26p-119.71p. The Frankie & Benny's and Wagamama chains owner says it has signed commitments for GBP500 million of new debt facilities, consisting of GBP380 million term loan facility to 2026 and GBP120 million super senior revolving credit facility to 2025.

----------

Macfarlane Group, up 8.8% at 99.87p, 12-month range 61p-100p. The packaging and label company says it has acquired Wiltshire-based protective packaging manufacturing and distribution business GWP Holdings for GBP15.1 million.

----------

Speedy Hire, up 6.3% at 68p, 12-month range 34.6p-79.8p. The equipment rental firm says it has sold its equipment fleet, stock and other fixed assets relating to its Middle East business to ADNOC Logistics, for USD18 million. Notes trading since September 30 has been ahead of the board's expectations. Revenue has improved as activity levels have continued to increase and annual pretax profit is anticipated to be well ahead of current market expectations.

----------

SMALL-CAP - LOSERS

----------

Reach, down 1.2% at 236.50p, 12-month range 47.95p-246p. The newspaper publisher posts 2020 revenue of GBP600.2 million, down 15%. Digital revenue was up 11% but print was down 19%. Reach barely stayed in profit at the pretax level, reporting GBP400,000 in profit after GBP130.9 million exceptional items, down from GBP120.9 million in 2019. Reach will pay a 2020 dividend of 4.26p, up from 2.50p in 2019, after the 2019 final dividend was withheld due to Covid-19. Reach said current trading is in line with expectations.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
1 Mar 2021 11:01

IN BRIEF: Reach hikes dividend despite considerable annual profit drop

IN BRIEF: Reach hikes dividend despite considerable annual profit drop

Read more
1 Mar 2021 10:07

Reach FY revenues impacted by Covid-19

(Sharecast News) - Publishing firm Reach said on Monday that full-year revenues had declined in 2020 as a result of the impact of the Covid-19 pandemic on trading.

Read more
1 Mar 2021 08:12

LONDON BRIEFING: Booming PPE Supply Helps Bunzl Keep Dividend Growing

LONDON BRIEFING: Booming PPE Supply Helps Bunzl Keep Dividend Growing

Read more
22 Feb 2021 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
18 Jan 2021 09:34

UK BROKER RATINGS SUMMARY: Land Securities And Dixons Get Upgrades

UK BROKER RATINGS SUMMARY: Land Securities And Dixons Get Upgrades

Read more
8 Jan 2021 12:24

Reach On Course To Exceed Market Expectations With Digital Boost

Reach On Course To Exceed Market Expectations With Digital Boost

Read more
8 Jan 2021 09:55

Reach FY profits to top expectations on record digital revenues

(Sharecast News) - Newspaper publisher Reach said on Friday that full-year underlying operating profits for 2020 would be ahead of market expectations thanks to record digital revenues.

Read more
17 Dec 2020 19:37

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

Read more
27 Nov 2020 10:49

UK WINNERS & LOSERS SUMMARY: Immunodiagnostic Up On Covid Kit Rollout

UK WINNERS & LOSERS SUMMARY: Immunodiagnostic Up On Covid Kit Rollout

Read more
27 Nov 2020 09:24

Reach Sees Continued Shift To Online Amid Fall In Print Revenue

Reach Sees Continued Shift To Online Amid Fall In Print Revenue

Read more
27 Nov 2020 07:55

LONDON MARKET PRE-OPEN: Half Of Wetherspoon Pubs Closed By New Tiers

LONDON MARKET PRE-OPEN: Half Of Wetherspoon Pubs Closed By New Tiers

Read more
27 Nov 2020 07:39

Daily Mirror owner Reach says FY performance exceeds market expectations

(Sharecast News) - Magazine and newspaper publisher Reach said on Friday that its full-year performance has exceeded market expectations amid strong digital growth.

Read more
26 Nov 2020 12:48

Dods Group Confirms Mark Smith As Chair, Adds Reach Exec To Board

Dods Group Confirms Mark Smith As Chair, Adds Reach Exec To Board

Read more
26 Nov 2020 09:55

Friday preview: Sales kick off; Daily Mirror owner Reach to issue update

(Sharecast News) - There isn't much scheduled on the corporate front for the end of the week, although a trading update from magazine and newspaper publisher Reach should garner some interest, as the Black Friday sales kick off.

Read more
24 Nov 2020 13:33

Tuesday broker round-up

(Sharecast News) - Glencore: Jefferies upgrades to buy with a target price of 250p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.