Watches of Switzerland backs FY guidance as Q1 revenues rise
(Sharecast News) - Watches of Switzerland reiterated its full-year guidance on Tuesday as it reported a jump in first-quarter revenue.
Read moreThu, 05th Nov 2020 08:00
(Sharecast News) - Watches of Switzerland reiterated its full-year guidance on Tuesday as it reported a jump in first-quarter revenue.
Read more(Alliance News) - Stocks in London are called higher on Tuesday, with sentiment lifted by a positive session on Wall Street on Monday, despite a less-than-stellar handover from Asia.
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(Sharecast News) - Shore Capital initiated coverage of Watches of Switzerland on Monday with a 'buy' rating and 1,200p fair value.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:
Read moreWatches of Switzerland Group PLC - Leicester, England-based watch retailer - Chair Ian Carter buys 26,000 shares at an average price of GBP7.60, worth GBP198,013, on Monday.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more(Alliance News) - Watches of Switzerland Group PLC on Thursday reported a strong rise in revenue, as the retailer enjoyed increased demand for both watches and jewellery, but guided for this soaring sales growth to slow.
Read more(Alliance News) - Stocks in London are called higher on Thursday, after the US Federal pledged to continue fighting inflation, while in the UK, Prime Minister Boris Johnson continues to cling onto power.
Read more(Sharecast News) - Watches of Switzerland posted record full-year sales and profits on Thursday amid continued strong demand.
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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Alliance News) - HomeServe on Thursday said it has agreed to be taken over by Brookfield Infrastructure Partners in a deal worth GBP4.08 billion.
Read moreWatches of Switzerland Group PLC - Leicester, England-based watch retailer - Records revenue increase of 39% to GBP304 million in the final quarter to May 1 from GBP218 million in the same period a year before. Reports full-year revenue of GBP1.24 billion, up 37% from GBP905 million the year before. Credits the growth to strong demand for its products in the UK and US. Notes that the demand for luxury watches in financial 2022 consistently exceeded supply. Assumes that the disruption from the pandemic is now largely behind it with the ongoing recovery in footfall and airport traffic. Guides for financial 2023 revenue between GBP1.45 billion to GBP1.50 billion.
Read more(Sharecast News) - Luxury watch retailer Watches of Switzerland said on Wednesday that it experienced a "stellar end" to the year ended 1 May, with revenues surging in the final quarter.
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