Theworks.co.uk. Share News (WRKS)

UK earnings, trading statements calendar - next 7 days

CORRECT: TheWorks.co.uk reports "resilient" annual performance

TheWorks.co.uk PLC - Birmingham-based retailer of arts, crafts, toys, books and stationery - Delivers "resilient" performance in the year ended April 30 despite a "challenging backdrop". Total sales increased 6.1% year-on-year to GBP316.6 million from GBP298.4 million. Stores sales, which represent just under 89% of total sales, deliver a like-for-like increase of 7.5%. Online sales, meanwhile, decline 15% year-on-year. Expects to report an adjusted earnings before interest, tax, depreciation and amortisation result for financial 2023 in line with company-complied market forecast estimate of GBP9.0 million. Adjusted Ebitda for financial 2024 seen at GBP10.0 million, which the company says is "comfortable". Final results will be announced on July 21.

TRADING UPDATES: TheWorks.co.uk reports "resilient" annual performance

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

UK earnings, trading statements calendar - next 7 days

IN BRIEF: UK regulator fines KPMG over TheWorks.co.uk audit in 2020

TheWorks.co.uk PLC - Birmingham, England-based retailer of books, arts and crafts, stationery, toys and games - UK Financial Reporting Council imposes a financial sanction of GBP1.8 million - reduced to GBP1.0 million for cooperation - on KPMG LLP for its audit of TheWorks.co.uk's financial 2020 results. Also fines Anthony Sykes, the engagement partner at KPMG for the audit, GBP75,000, reduced to GBP43,875. The regulator says KPMG and Sykes admitted breaches related to the audit of inventory, including "failure to respond appropriately to variances in stock counts identified during controls testing". TheWorks.co.uk reported at the time a pretax loss for that financial year of GBP18.0 million, due to impairment charges related to the impact of the Covid-19 pandemic. The financial year had ended on April 26, 2020.

CORRECT: SMALL-CAP WINNERS & LOSERS: Seraphine soars on takeover offer

(Correcting that TheWorksco.uk's like-for-like online sales in the 11 weeks to January 15 declined by 14.0%, not 15.0%).

TheWorks.co.uk shares drop 20% as interim loss inflated by costs

(Alliance News) - TheWorks.co.uk PLC on Friday bemoaned macroeconomic headwinds, after seeing its pretax loss widen on rising costs over the first half.

SMALL-CAP WINNERS & LOSERS: Seraphine soars on takeover offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

First-half losses widen at The Works, shares plunge

(Sharecast News) - Shares in Theworks.co.uk tumbled on Friday, despite solid festive trading, after the budget retailer saw first-half losses widen.

UK earnings, trading statements calendar - next 7 days

CORRECT: SMALL-CAP WINNERS & LOSERS: Hobbycraft boosts TheWorks

(Correcting the spelling of Topps Tiles Chair Darren Shapland.)

SMALL-CAP WINNERS & LOSERS: Bridgepoint's Hobbycraft boosts TheWorks

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

UK dividends calendar - next 7 days

IN BRIEF: TheWorks.co.uk shares down on cautious Christmas outlook

TheWorks.co.uk PLC - Birmingham-based toys, crafts & stationary retailer - Hails a "resilient trading performance" in its first-half ended October 30. Sales rise 2.1% year-on-year. Says store trading was positive, increasing by 3.5% on a life-for-like basis, whilst online sales declined by 16.9% "(but were still 50% above pre-Covid levels)".

LONDON MARKET MIDDAY: FTSE 100 trails peers on strong pound

(Alliance News) - The FTSE 100 sat out a continued post-US inflation rally, though its peers climbed, as a stronger pound put pressure on the index's international earners.