Victoria Share News (VCP)

Victoria widens loss as revenue slumps 14% in challenging year

(Alliance News) - Victoria PLC on Wednesday said management took action over the last year to prepare the business for a future recovery amid dampened consumer demand.

Victoria still outperforms market as full-year losses widen

(Sharecast News) - Flooring manufacturer and distributor Victoria said in its final results on Wednesday that despite macroeconomic challenges affecting consumer spending on flooring, it still outperformed the broader market in several key regions.

IN BRIEF: Victoria appoints Roberto Moreno as chief strategy officer

Victoria PLC - Kidderminster, England-headquartered designer, manufacturer and distributor of flooring - Last week Thursday, announces appointment of Roberto Moreno as chief strategy officer. Moreno has 16 years of experience in banking, investing, mergers & acquisitions and corporate value creation and has led Victoria's acquisition-based growth in North America, the company says. Chair Geoff Wilding says: "His leadership and expertise will play a crucial role in advancing our strategic initiatives and operational excellence projects - further solidifying our position as a leader in the global flooring industry."

Victoria promotes Roberto Moreno to group strategy chief

(Sharecast News) - Flooring specialist Victoria announced the appointment of Roberto Moreno as its new group chief strategy officer and principal duty manager on Thursday.

Berenberg halves target price on Victoria

(Sharecast News) - Analysts at Berenberg slashed their target price on floorings manufacturer Victoria from 600.0p to 300.0p on Thursday but reiterated their 'buy' rating on the stock.

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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

Victoria says little interest from holders hits bond repurchase aim

(Alliance News) - Victoria PLC on Wednesday said it seeing signs of flooring demand perking up and explained that it plans to buyback GBP25 million in shares.

Victoria sees some positive signs in subdued market

(Sharecast News) - Flooring company Victoria said in a trading update on Wednesday that, despite ongoing challenges in the market, it was seeing signs of improvement in the medium-term macroeconomic outlook, particularly in flooring demand indicators.

Victoria reports weaker first half, as expected

(Sharecast News) - Flooring firm Victoria reported a first-half outcome on Wednesday that aligned closely with its expectations.

Victoria swings to first half loss but stresses margin improvement

(Alliance News) - Victoria PLC on Wednesday said it swung to a loss in the first half of its financial year, tracking falling revenue, although it stressed it is delivering against its strategy of margin enhancement.

LONDON BROKER RATINGS: RBC cuts HSBC; Liberum cuts Glencore

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

UK shareholder meetings calendar - next 7 days

Victoria credit ratings reaffirmed by Fitch

(Sharecast News) - Flooring firm Victoria announced on Thursday that Fitch had affirmed its credit rating on the company, verifying the long-term issuer default rating (IDR) at 'BB-' and maintaining a stable outlook.

IN BRIEF: Fitch affirms Victoria's credit rating and stable outlook

Victoria PLC - Kidderminster, England-headquartered designer, manufacturer and distributors of flooring - Notes that credit rating agency Fitch Ratings has affirmed its long-term issuer default rating at 'BB-' with a stable outlook. Also affirms its senior secured notes at 'BB+' with a recovery rating of 'RR2'.

Victoria says "no wrong-doing" as auditor comment overshadows results

(Alliance News) - Victoria PLC on Friday said there was "no wrong-doing whatsoever" at its Hanover Flooring unit after comments from its auditor marred the firm's annual results.