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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 53.30

Bid: 50.10

Ask: 53.00

Change: -0.70 (-1.30%)

Spread: 2.90 (5.788%)

Open: 53.00

High: 53.30

Low: 52.90

Prev. Close: 54.00

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AIM WINNERS & LOSERS: Naked Wines cuts outlook and CEO steps down

Tue, 07th Nov 2023 10:44

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Anglo Asian Mining PLC, up 37% at 68.60 pence, 12-month range 36.00p-124.00p. The Azerbaijan-focused copper and silver producer has signed a government protocol an action plan to "implement certain enhancements to its operations and procedures". "As a result of signing the protocol and agreeing the action plan, the company is now free to restart all its operations. The restart will be carried out in stages, and mining will recommence immediately," Anglo Asian says. It maintains 2023 production guidance of 30,000 to 34,000 gold equivalent ounces.

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Barkby Group PLC, up 8.3% at 6.50p, 12-month range 2.30p-11.00p. It achieves practical completion for its roadside development in Maldon which is also fully let. The investor in roadside property says completion at the Essex asset is "another important step in the implementation of our roadside real estate and EV strategy".

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AIM - LOSERS

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Naked Wines PLC, down 33% at 29.95p, 12-month range 28.00p-145.90p. The wine seller now predicts annual sales will fall between 12% and 16%. It had previously predicted a decline between 8% and 12%. Trading in the US market has been "weaker than anticipated", Naked Wines warns. It also announces Nick Devlin has stepped down as chief executive with immediate effect. Founder & Chair Rowan Gormley becomes executive chair on an interim basis. Devlin remains as president for Naked Wines USA "through the peak trading period" before leaving the group entirely. The stock hits this 52-week low on Tuesday.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News

2 Apr 2024 15:16

Naked Wines confirms start-of-year management changes

(Sharecast News) - Naked Wines confirmed the appointment of Rodrigo Maza as group chief executive officer on Tuesday, as it entered its 2025 financial year.

2 Apr 2024 12:26

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

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

20 Mar 2024 13:47

Naked Wines shares up on "constructive" financing talks

(Alliance News) - Naked Wines PLC shares rose on Wednesday, after it said it has had "constructive" talks to replace or renew its current credit facility.

18 Mar 2024 08:07

Naked Wines drafts in Interpath Advisory amid tough trading - report

(Sharecast News) - Naked Wines slid on Monday following a report the online wine retailer has drafted in debt advisers to explore refinancing options amid tough trading conditions.

5 Feb 2024 11:51

IN BRIEF: Naked Wines promotes former AB InBev, Modelo exec as new CEO

Naked Wines PLC - Norwich-based online wine seller - Promotes UK Managing Director Rodrigo Maza to chief executive officer, taking over from Rowan Gormley after a several-month transition. At that point, Gormley will revert to non-executive chair from executive chair. Maza joined Naked Wines in September, having held executive roles at brewers Anheuser-Busch InBev NV and Grupo Modelo SA de CV. Since joining, Maza has worked with Gormley on the company's turnaround strategy. "I look forward to working with the team across Naked and getting this amazing company to achieve its full potential,"Maza says. Naked Wines also promotes UK Chief Operating Officer Emma Kamel to general manager of the UK business.

5 Feb 2024 08:19

Naked Wines appoints regional MD as new CEO

(Sharecast News) - Online wine retailer Naked Wines has appointed its UK managing director as its new chief executive after the abrupt departure of its former boss last November.

18 Jan 2024 13:33

Naked Wines sales continue to fall; plans to axe jobs

(Alliance News) - Naked Wines PLC on Thursday said its sales continued to fall in its third quarter, and it plans to axe jobs as part of a cost saving measure.

18 Jan 2024 12:35

Naked Wines to cut jobs as sales continue to fall

(Sharecast News) - Naked Wines announced job cuts on Thursday as it looks to reduce costs, as it reported a drop in sales over the peak third-quarter trading period, in line with its expectations.

18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

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

15 Dec 2023 12:40

Naked Wines half-year loss widens, revenue declines on sales drop

(Alliance News) - Naked Wines PLC on Friday said its interim loss widened on impairments, while a decrease in customer sales drove a plunge in revenue.

15 Dec 2023 09:28

LONDON BROKER RATINGS: SocGen cuts Centrica; Barclays raises Trainline

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

15 Dec 2023 08:00

Naked Wines sees losses widen as revenues slide

(Sharecast News) - Naked Wines reiterated plans to turn the business around on Friday, despite falling deeper into the red and posting a slump in half-year revenues.

15 Dec 2023 07:44

LONDON BRIEFING: Stocks called up slightly; US Fed's euphoria runs out

(Alliance News) - Stocks in London are called to open slightly higher on Friday, with the euphoria from the US Federal Reserve's slight policy pivot running out of speed.

12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost Â£10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged Â£1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

7 Nov 2023 16:58

LONDON MARKET CLOSE: FTSE 100 held back by miners and oil firms

(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day.