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I look forward to presenting record financial results to shareholders for the year ended 31 October 2023."
Why sell after this statement? The current staff are running the business and should have a good handle on things. Ben Maxted the C.O.O. will be CEO so what's the problem.
Hugo Boss quarter results show large increases in sales.
Sports Direct has a large shareholding in Hugo Boss with an option to gain 33%
They are one of the largest re-sellers of Hugo Boss.
Hugo Boss sees US sales increase over 30%
in the first quarter, all regions recorded double-digit sales improvements, fueled by ongoing robust consumer demand. In EMEA, currency-adjusted revenues increased by 21% year over year, reflecting robust double-digit growth in key markets such as Germany (+28%) and France (+17%), as well as a particularly strong performance in growth markets such as the Middle East. With revenues up 38% currency-adjusted, momentum in the Americas further accelerated both year over year as well as versus pre-pandemic levels, as all of the region’s markets continued their strong double-digit sales trajectories. This also includes ongoing robust momentum in the U.S. market across channels, with currency-adjusted sales up 31% overall. The Group’s business in Asia/Pacific also recorded a powerful start to the year with sales returning to strong double-digit growth of 31%. This performance was driven by both sustained double-digit improvements in South East Asia & Pacific as well as a significant uptick in consumer sentiment in China following the market’s reopening in late 2022 after long-lasting COVID-19-related restrictions. As a result, sales in China came in well above the prior-year level, up 25% currency-adjusted.
LONDON (dpa-AFX) - The British government has hinted at an initiative in the debate over supplying modern battle tanks to Ukraine. "It is clear that battle tanks could give the Ukrainians crucial capabilities, and the prime minister told President Selenskyj last week that Britain will provide what it can," a spokesman for British Prime Minister Rishi Sunak told reporters in London on Wednesday.
He also said Britain would accelerate its support for Kiev and provide the country with "the kind of military technology that will help win the war." Sunak, he said, had instructed Defense Secretary Ben Wallace to work with allies in the coming weeks to discuss "how we can go further and faster in our support to Ukraine." That, he said, would include the delivery of tanks.
Media had recently reported that London was considering supplying Challenger 2 main battle tanks, which would make it the first country to give modern Western battle tanks to Kiev to defend against Russia's war of aggression.
Shares in defence technology specialist QinetiQ Group fell despite the group lifting full-year guidance on Thursday after a spike in first-half revenues and profits.
Underlying revenues for the six months to 30 September jumped 12% to £673.4m, while operating profits rose to £74.1m from £53.4m a year previously. Orders jumped 18% to £798.8m.
On a statutory basis, operating profits came in at £100.1m, against £41m a year earlier, boosted by a foreign exchange gain on the acquisition, announced in August, of US software firm Avantus Federal.
Steve Wadey, chief executive, said: "World events continue to reinforce the vital importance of a technology-advanced defence industry to society and the needs of our customers for differentiated solutions.
"Our first half results demonstrate the strong demand we continue to see from our customers for our distinctive offerings.
"Our home countries of UK, US and Australia have all achieved significant organic growth and the US has performed particularly well, delivering improved and consistent performance."
Looking to the second half, QinetiQ said it was increasing revenue guidance and remained on track to meet profit expectations.
It continued: "Given our strong growth in the first half, we will deliver high single-digit percentage organic revenue growth, with underlying profit margin at the lower end of our 11% to 12% short-term expected range, due to increase investment in our people and capabilities to enable growth."
Capital expenditure is expected to come in towards the middle of its forecast £90m to £120m range.
Sharecast News) - Defence technology specialist QinetiQ Group lifted its full-year guidance on Thursday after a spike in first-half revenues and profits.
Underlying revenues for the six months to 30 September jumped 12% to £673.4m, while operating profits rose to £74.1m from £53.4m a year previously. Orders jumped 18% to £798.8m.
On a statutory basis, operating profits came in at £100.1m, against £41m a year earlier, boosted by a foreign exchange gain on the acquisition, announced in August, of US software firm Avantus Federal.
Steve Wadey, chief executive, said: "World events continue to reinforce the vital importance of a technology-advanced defence industry to society and the needs of our customers for differentiated solutions.
"Our first half results demonstrate the strong demand we continue to see from our customers for our distinctive offerings.
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Presentation slides will be posted prior to the event on MGM's Investor Relations website at http://investors.mgmresorts.com/investors/events-and-presentations/ or Entain's Investor Relations website at https://entaingroup.com/investorrelations/results-centre/.
(Reuters) -Dunelm said on Thursday its total sales jumped in the third quarter, as the British homeware retailer benefited from the reopening of stores after coronavirus curbs were eased.
The company, which sells furnishings ranging from cushions and bedding to kitchen equipment, also reported a better-than-expected rise of 30 basis points in gross profit margins, thanks to a smaller proportion of sales from discounted lines.
"Whilst the macro environment remains uncertain, with significant headwinds and increasing pressures on the consumer, our wide product range offers choice for every budget," Chief Executive Officer Nick Wilkinson said in a statement.
The group, one of Britain's largest homeware retailers with 176 stores and an online presence, said it continued to temper inflationary cost pressures in the quarter. In February, Dunelm said it was hiking retail prices to battle rising costs.
Margins for the full year are expected to be in line with the previous year, it said.
The company reported a 69% increase in sales to 399 million pounds ($524.17 million) for the 13 weeks ended March 26.