If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTreatt Share News (TET)

Share Price Information for Treatt (TET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 481.00
Bid: 480.00
Ask: 484.50
Change: -4.00 (-0.82%)
Spread: 4.50 (0.938%)
Open: 480.00
High: 489.50
Low: 480.00
Prev. Close: 485.00
TET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Treatt revenue falls; Secure Trust profit picks up

Thu, 25th Jan 2024 20:21

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

----------

Secure Trust Bank PLC - Solihull, England-based provider of savings accounts and lending services - Continues to trade in line with management expectations in the fourth quarter ended December 31, with a significant increase to year-on-year underlying pretax profit and impairments. Net lending grew by around 14% in the year to GBP3.3 billion, a significant step towards the GBP4 billion ambition. Says all four specialist lending businesses delivered record levels of new lending in 2023. Company remains on track to deliver GBP5 million in annualised savings from cost optimisation programme in 2024.

----------

Treatt PLC - manufacturer and supplier of extracts and ingredients for the beverage, flavour and fragrance industries - Trading update ahead of annual general meeting. Revenue performance in first quarter, typically the quietest quarter, saw a decline year on year as anticipated, reflecting the impact of destocking. Reports encouraging signs that destocking trends are reversing, expects customer demand to return to more normal levels in second quarter. On track for further improvement in net debt in line with expectations.

----------

Mortgage Advice Bureau Holdings PLC - Reports trading was better than anticipated in the fourth quarter to December 31. Expects to report an adjusted pretax profit slightly ahead of current market consensus.

----------

Tissue Regenix Group PLC - Leeds, England-based medical device company - Trading update for year ended December 31. Total revenue expected to increase by 21% to USD29.5 million from USD24.5 million, ahead of expectations. An adjusted earnings before interest, tax, depreciation and amortisation profit is expected for 2023, ahead of expectations. Company says trading was very strong, with growth achieved across all three segments of the business. Continues to see robust demand for its portfolio of products. Says revenue growth in 2023 was driven by the BioRinse segment. Expects positive trading conditions to remain through 2024.

----------

Novacyt SA - Eastleigh-based biotechnology group focused on clinical diagnostics - Expects revenue for 2023 to total around GBP11.6 million, in line with guidance. 2022 revenue was GBP21.0 million. Cash position at December 31 was GBP44.1 million, down from GBP81.7 million, reflecting the acquisition of Yourgene. Remains debt free.

----------

Aquis Exchange PLC - London-based financial markets operator, including pan-European equities trading platform Aquis Markets and UK growth-company market Aquis Stock Exchange - Expects to report performance for full-year 2023 in line with board expectations. Sees revenue up 12% to GBP22.6 million from GBP20.1 million in 2022, pretax profit up 16% to GBP5.2 million from GBP4.5 million and cash up 4% to GBP14.8 million from GBP14.2 million. For the Data division, revenue is up 23%. Technologies revenue is up 19%, while Markets is up 7%.

----------

Epwin Group PLC - Solihull, England-based building products' manufacturer - Expects full-year 2023 underlying operating profit to be towards upper end of market expectations. This would be a significant increase over financial 2022. Says trading remained resilient through to the end of the year. Trading in the first weeks of 2024 has been in line with the expectations.

----------

Animalcare Group PLC - trading update for year to December 31. Expects full year revenue to be around GBP74.4 million, up 4% from GBP71.6 million the year prior. Anticipates underlying earnings before interest, tax, amortisation and depreciation will be in line with market expectations and at least in line with 2022's GBP13.1 million. Headline revenue benefited from strong growth in the Companion Animals oral health range, notably Plaqtiv+, demand for Danilon in Equine and continuing momentum of the Identicare pet microchipping and consumer-focused services business.

----------

Empresaria Group PLC - Crawley, England-based recruitment company - Net fee income drops 12% to GBP57.5 million, down 11% in constant currency. Expects adjusted pretax profit to be at the top end of the range guided to in November, of GBP3.0 million to GBP3.5 million. Offshore Services continues to perform well, with net fee income up 4% despite challenging market conditions. Explains permanent placement activity has been most significantly impacted with net fee income down 25% year-on-year. Temporary and contract net fee income is down 10%.

----------

Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - Predicts revenue of GBP103 million, up from GBP86.7 million in 2022 and adjusted earnings before interest, tax, depreciation and amortisation of GBP8.0 million, up from GBP6.0 million the year before, in line with market expectations. Total recurring revenue increases by 14% to GBP38.3 million, insurance annualised premium income rises 13% to GBP31.6 million. Trading in the first few weeks of 2024 has been positive, reinforcing confidence in ongoing delivery moving forward.

----------

Strix Group PLC - Isle of Man-based provider of kettle safety controls - Reports adjusted pretax profit of GBP20.6 million on a constant currency and GBP20.1 million on a reported basis. Demand for kettle controls in the key export regulated markets remains subdued, and whilst it has delivered quarter on quarter recovery during 2023 which it expects to continue, it remains around 20% lower by volume than 2021 and the recovery has been slower than anticipated. Strix also announces appointment of Clare Foster as chief financial officer. Says Foster will join Strix on February 1 and formally take office on April 2.

----------

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 Oct 2022 11:03

SMALL-CAP WINNERS & LOSERS: Treatt backs outlook, Zotefoams raises

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

Read more
13 Oct 2022 08:44

Treatt ends year in line with revised expectations

(Sharecast News) - Ingredients and extracts producer Treatt said in a trading update on Thursday that its profit before tax and exceptional items was still expected to be in line with downwardly-revised board expectations for the financial year just ended, of between £15m and £15.3m.

Read more
14 Sep 2022 09:40

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

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

Read more
8 Sep 2022 10:13

Berenberg initiates coverage on Treatt at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".

Read more
8 Sep 2022 09:22

LONDON BROKER RATINGS: Morgan Stanley cuts ITV to 'underweight'

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

Read more
15 Aug 2022 13:20

Storm of factors sees Treatt slash its expectations

(Sharecast News) - Ingredients developer and manufacturer Treatt issued a profit warning and lowered its full-year guidance on Monday, sending its shares tumbling.

Read more
15 Aug 2022 12:21

Director dealings: Chair, CEO buy Treatt's profit warning dip

(Sharecast News) - Flavour and fragrance ingredients maker Treatt disclosed two director share purchases on Monday, as its shares tumbled following a profit warning.

Read more
15 Aug 2022 12:13

LONDON MARKET MIDDAY: Humdrum start to week as China data falls short

(Alliance News) - European equities struggled to find direction on Monday, with poor economic readings from China hitting the mood after spirits last week were lifted by easing US inflationary pressures.

Read more
15 Aug 2022 10:21

SMALL-CAP WINNERS & LOSERS: UP Global revenue up; Treatt outlook cut

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

Read more
15 Aug 2022 09:28

Treatt falls on profit warning as weaker pound, US demand hit margins

(Alliance News) - Treatt PLC on Monday said volatile foreign exchange movements and reduced demand in the US have negatively impacted margins in its soon-to-end financial year.

Read more
15 Aug 2022 08:51

LONDON MARKET OPEN: Europe treads water after weak China data

(Alliance News) - European equities made an uncertain start to the new trading week, after poor data from China and a shock cut to a key interest rate by the nation's central bank.

Read more
15 Aug 2022 07:47

LONDON MARKET PRE-OPEN: Phoenix in record half-year cash generation

(Alliance News) - Stock prices in London are seen opening higher on Monday, though equities in China were showing signs of late weakness after poorer than expected retail sales data from the world's second-largest economy.

Read more
24 Jun 2022 14:13

IN BRIEF: Treatt hires Vijay Thakrar as chair designate

Treatt PLC - Bury St Edmunds-based natural extracts and ingredients supplier - Hires Vijay Thakrar as chair designate after an extensive selection process. He will succeed outgoing Chair Tim Jones. Treatt says Jones will retire on January 27 next year.

Read more
23 Jun 2022 16:04

UK dividends calendar - next 7 days

Friday 24 June 
Alfa Financial Software Holdings PLCdividend payment date
Alfa Financial Software Holdings PLCspecial dividend payment date
Blackrock Frontiers Investment Trust PLCdividend payment date
BP PLCdividend payment date
Empiric Student Property PLCdividend payment date
Euromoney Institutional Investor PLCdividend payment date
Foxtons Group PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
Lookers PLCdividend payment date
LXI REIT PLCdividend payment date
Majedie Investments PLCdividend payment date
Manchester Uniteddividend payment date
Origin Enterprises PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Tesco PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Town Centre Securities PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Tritax EuroBox PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vivo Energy PLCdividend payment date
Monday 27 June 
Henderson European Focus Trust PLCdividend payment date
Kingfisher PLCdividend payment date
Tuesday 28 June 
Civitas Social Housing PLCdividend payment date
Ferrexpo PLCdividend payment date
Wednesday 29 June 
Menhaden PLCdividend payment date
Victrex PLCdividend payment date
Thursday 30 June 
Alliance Trust PLCdividend payment date
Atlantis Japan Growth Fund Ltddividend payment date
Burberry Group PLCex-dividend date
Caledonia Investments PLCex-dividend date
Caledonia Investments PLCspecial ex-dividend date
Cardiff Property PLCdividend payment date
Chelverton UK Dividend Trust PLCex-dividend date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
F&C Investment Trust PLCex-dividend date
HICL Infrastructure PLCdividend payment date
iEnergizer Ltdex-dividend date
Imperial Brands PLCdividend payment date
IntegraFin Holdings PLCdividend payment date
IP Group PLCdividend payment date
Learning Technologies Group PLCex-dividend date
Liontrust Asset Management PLCex-dividend date
Lowland Investment Co PLCex-dividend date
NextEnergy Solar Fund Ltddividend payment date
Palace Capital PLCex-dividend date
Premier Foods PLCex-dividend date
Premier Miton Global Renewables Trust PLCex-dividend date
Record PLCex-dividend date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Serica Energy PLCex-dividend date
Smart Metering Systems PLCex-dividend date
Spectris PLCdividend payment date
Tate & Lyle PLCex-dividend date
Temple Bar Investment Trust PLCdividend payment date
Treatt PLCex-dividend date
Troy Income & Growth Trust PLCex-dividend date
Urban Logistics REIT PLCex-dividend date
Vertu Motors PLCex-dividend date
Warehouse REIT PLCdividend payment date
Watkin Jones PLCdividend payment date

 

Read more
10 May 2022 11:36

Treatt falls as interim profit drops on costs despite revenue rise

(Alliance News) - Treatt PLC shares fell on Tuesday after the company reported a sharp fall in profit due to higher costs, despite an increase in revenue.

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.