Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTandem Group Share News (TND)

Share Price Information for Tandem Group (TND)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 177.00
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 6.00 (3.448%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 177.00
TND Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK WINNERS & LOSERS SUMMARY: intu Properties Rises On Fundraise Talks

Mon, 10th Feb 2020 10:40

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

----------

FTSE 100 - WINNERS

----------

NMC Health, up 7.5%. The UAE-focused private healthcare confirmed it has received "highly preliminary approaches" from private equity firms Kohlberg Kravis Roberts & Co and GK Investment Holding Group, regarding possible offers. The Mail on Sunday had reported that US-based KKR had held talks with NMC Health senior executives in the past few weeks. GK Investment, which has made a separate approach to NMC Health, is a Switzerland-based investment company. NMC on Monday said no proposal has been made by either KKR or GK, and there have been no discussions as to the terms of any possible offer. Further, "there can be no certainty that any offer will be made," NMC added. Back in December, US short selling firm Muddy Waters Capital accused NMC of manipulating its balance sheet to understate debt, which the company firmly denied. "Taking the business private might be the best thing to happen to NMC as it has lost credibility with the market and it will take a lot to rebuild trust with investors," said AJ Bell's Russ Mould.

----------

FTSE 100 - LOSERS

----------

Whitbread, down 2.6%. Goldman Sachs downgraded the Premier Inn hotel chain owner to Sell from Neutral.

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

intu Properties, up 18%. The shopping centre operator confirmed plans to raise equity at the end of February when its 2019 financial results are released. intu made the statement after the Sunday Times, over the weekend, reported Asian property firm Link Real Estate Investment Trust was to "ride to the rescue" of intu. The company confirmed Link Real Estate, which is listed in Hong Kong, was part of the negotiations, which would see it become a new shareholder in intu. intu said talks with existing shareholders including Peel Group are "constructive". Peel Group, which owns 27% of intu, is owned by businessman John Whittaker. "The company will make further announcements in due course, as appropriate. There can be no certainty that the equity raise will be implemented nor as to the terms on which any such implementation might occur," said intu.

----------

Audioboom Group, up 10%. The on-demand audio and podcast distribution platform said it has hired Raine Advisors to advise on a strategic review of the company. Audioboom said Raine will provide advice in relation to a review of options which include partnerships, financial investment, business combinations and potentially the sale of the business. The company said that it is now in an offer period, adding that it has not yet received any acquisition offers.

----------

OTHER MAIN MARKET AND AIM - LOSERS

----------

Tandem Group, down 7.5%. The sports, leisure and mobility equipment distributor said its growth has slowed since the start of the new year, after a double-digit revenue increase in 2019, while the factories closures due to the coronavirus outbreak in China could crimp supplies. Tandem said revenue growth in the six months to the end of 2019 was 15% ahead of prior year. In the first half of 2019, the company reported 27% revenue growth year-on-year. Tandem said the slowdown was due to sustained wet weather in the UK during autumn, as well as economic uncertainties. As a result, Tandem said its revenue for entire 2019 increased by 20% on the prior year to GBP38.8 million, taking pretax profit "well ahead" of the prior year. Looking ahead, Tandem said 2020 has started more slowly, as some of its major clients have carried the prior year's stock forward into this year.

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
11 Mar 2021 15:53

Tandem acquires freehold land for Birmingham expansion

(Sharecast News) - Sports, leisure and mobility equipment distributor and retailer Tandem Group announced the acquisition of freehold land next to its Birmingham headquarters.

Read more
11 Mar 2021 13:39

IN BRIEF: Tandem buys 3.2 acres of freehold land for GBP3 million

IN BRIEF: Tandem buys 3.2 acres of freehold land for GBP3 million

Read more
9 Feb 2021 11:18

TRADING UPDATES: Northbridge, discoverIE And Tandem Outlook Upbeat

TRADING UPDATES: Northbridge, discoverIE And Tandem Outlook Upbeat

Read more
22 Sep 2020 14:12

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

Read more
21 Sep 2020 16:22

UK EXECUTIVE CHANGE SUMMARY: Qinetiq Replaces Admiral With General

UK EXECUTIVE CHANGE SUMMARY: Qinetiq Replaces Admiral With General

Read more
28 Aug 2020 15:59

IN BRIEF: Tandem Expects Higher Interim Profit And Revenue

IN BRIEF: Tandem Expects Higher Interim Profit And Revenue

Read more
28 Aug 2020 09:20

Tandem Group H1 revenues drop

(Sharecast News) - Sports and leisure equipment manufacturer Tandem Group said on Friday that interim profits had declined year-on-year as a result of declining orders from retailers and a limited supply of bicycles.

Read more
3 Aug 2020 16:40

UK EXECUTIVE CHANGE SUMMARY: All Change At Tandem And Lok'n Store

UK EXECUTIVE CHANGE SUMMARY: All Change At Tandem And Lok'n Store

Read more
25 Jun 2020 14:56

IN BRIEF: Tandem Optimistic About 2020 As Bike Sales Surge

IN BRIEF: Tandem Optimistic About 2020 As Bike Sales Surge

Read more
25 Jun 2020 14:06

Tandem defeats biggest shareholder in AGM pay dispute

(Sharecast News) - Tandem has defeated its biggest shareholder's attempt to oust senior board members and reject new articles of association at the bicycle maker's annual general meeting.

Read more
10 Jun 2020 13:46

Tandem in row with biggest shareholder over board pay

(Sharecast News) - The maker of Claud Butler and Dawes bicycles is in a battle with its biggest shareholder over how much it pays non-executive directors.

Read more
28 May 2020 14:49

UK TRADING UPDATE SUMMARY: PureTech, N4, Synairgen Advance Covid Work

UK TRADING UPDATE SUMMARY: PureTech, N4, Synairgen Advance Covid Work

Read more
28 May 2020 10:52

Tandem warns of weakened order book amid Covid-19 lockdowns

(Sharecast News) - Sports and mobility equipment retailer Tandem Group warned on Thursday that the Covid-19 pandemic had led to a decline in its overall order book.

Read more
26 Mar 2020 10:56

Tandem Proposes Special Payout And Shakes Off Toy Industry Struggles

Tandem Proposes Special Payout And Shakes Off Toy Industry Struggles

Read more
10 Feb 2020 15:04

Tandem Group starts year slower amid coronavirus concerns

(Sharecast News) - Sports, leisure and mobility equipment company Tandem Group updated the market on its trading for 2019 on Monday, reiterating that revenue in the first half of the year was up around 27% as a result of strong performance from both licensed and own-brand properties.

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.