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Don't have an account? Click here to register.Walker Greenbank gets £8m insurance payment for factory flood
Tue, 08th Mar 2016 15:18
(ShareCast News) - Luxury interior furnishings group Walker Greenbank said on Tuesday that it has received an interim insurance payment of £8m related to the flooding last year at its Standfast & Barracks fabric printing factory in Lancaster.The company, whose brands include Sanderson and Harlequin, said the payment was in respect of damage to printing machinery, stock and other business assets and loss of profits.Its insurance policy covers flood damage and business interruption for a two-year period and a further interim payment will be made in due course.Chief executive John Sach said: "We are making good progress with the recovery plan following the flooding at Standfast & Barracks."We expect that full digital printing capacity will be restored by early April and that the majority of the factory's total printing capacity will be back on stream by the end of April."Walker said digital fabric printing began at Standfast towards the end of last month on a like-for-like replacement machine and customer shipments are starting this weekThe three other machines are being replaced with next generation digital printers with higher throughput and capabilities and the first of these is expected to be in full production shortly.The company warned in December that full year pre-tax profit would be around 15% lower than market expectations due to disruption caused by flooding at Standfast & Barracks.At 1525 GMT, shares in the company were up 0.1% to 205.15p.
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17 Sep 2018 12:45
Safestyle UK Appoints Former Walker Greenbank Non-Executive Director
LONDON (Alliance News) - PVC window manufacturer Safestyle UK PLC said Monday it has appointed Fiona Goldsmith as a non-executive director with immediate effect.Until June, Goldsmith was a
Read more2 Aug 2018 16:04
Walker Greenbank on track despite 'difficult marketplace' and sales dip
(Sharecast News) - Wallpaper and fabrics manufacturer Walker Greenbank reported decreases in sales in what the company branded as a reflection of a "difficult marketplace".
Read more2 Aug 2018 12:17
Walker Greenbank Expects Interim Sales Lower Amid Difficult Trading
LONDON (Alliance News) - Interior furnishings firm Walker Greenbank PLC said Thursday its half-year results continued to suffer from a "difficult marketplace", as revenue was expected to
Read more24 Jul 2018 16:38
Walker Greenbank slides into the close as it warns on profit
(Sharecast News) - Shares in AIM-listed interior furnishings group Walker Greenback tumbled on Tuesday as the company sneaked in a profit warning just before the close.
Read more30 Apr 2018 13:17
Walker Greenbank Appoints Ex-Costa Coffee Boss Rogers As Non-Executive
LONDON (Alliance News) - Luxury furnishings firm Walker Greenbank PLC said Monday it appointed former Costa Coffee boss and Whitbread PLC finance head Chris Rogers as its new non-executive - who -
Read more7 Feb 2017 09:09
Walker Greenback to meet expectations despite flood setback
(ShareCast News) - Luxury interior furnishings group Walker Greenbank posted a trading update for the year to 31 January on Tuesday, saying the results were expected to be in line with the board's expectations. The AIM-traded company confirmed they will include a first-time contribution from Clarke
Read more28 Oct 2016 12:26
Walker Greenbank gets further insurance payment for factory flooding
(ShareCast News) - AIM-listed luxury interior furnishings group Walker Greenbank has received a further interim insurance payment of £2.025m following last year's flood at its fabric printing factory in Lancaster, Standfast & Barracks. The company, whose brands include Sanderson, Morris & Co, Harleq
Read more12 Oct 2016 11:10
Walker Greenbank buying Clarke & Clarke for £25m
(ShareCast News) - Luxury interior furnishings company Walker Greenbank announced on Wednesday that it has entered into a conditional agreement with the shareholders of Globaltex 2015 - the parent company of Globaltex - to acquire its entire issued share capital. The AIM-traded firm described Global
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