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Loungers Plc (LGRS) Share News

IN BRIEF: Court sanctions Fortress-backed takeover of Loungers

7th Feb 2025 15:01

Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Says the High Court of Justice in England and Wales has sanctioned the increased and final takeover offer by Fortress Investment Group LLC. The offer has become fully unconditional, with delivery of the court order to the Registrar of Companies expected on February 11. Loungers shares will be cancelled from trading on AIM on February 12. Read More

UK shareholder meetings calendar - next 7 days

23rd Jan 2025 17:08

LONDON BROKER RATINGS: Morgan Stanley cuts AB Foods and Sainsbury

21st Jan 2025 09:35

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More

LONDON BRIEFING: Stocks edge higher as Rachel Reeves packs for Davos

21st Jan 2025 07:51

(Alliance News) - Stocks were called to open slightly higher on Tuesday morning, as UK market participants digest the latest unemployment data. Read More

Fortress Investment raises offer in final bid for Loungers

15th Jan 2025 09:28

(Alliance News) - Loungers PLC on Wednesday recommended a final increased offer for takeover by Fortress Investment Group LLC. Read More

LONDON BRIEFING: TI Fluid backs GBP1 billion ABC Technologies bid

29th Nov 2024 07:51

(Alliance News) - Stocks in London are to open lower on Friday, ahead of an abbreviated trading day in New York following Thanksgiving, with eyes on eurozone inflation data. Read More

LONDON MARKET CLOSE: Blue chips flat amid M&A frenzy, missing US spark

28th Nov 2024 16:56

(Alliance News) - London's FTSE 100 struggled for direction on Thursday, although a wave of M&A action sparked life into an otherwise quiet trading day due to a public holiday in New York. Read More

TOP NEWS: Fortress Investment to buy Loungers for GBP338 million

28th Nov 2024 10:00

(Alliance News) - Loungers PLC said on Thursday it has agreed to the terms and conditions of a roughly GBP340 million all-cash takeover by Fortress Investment Group, alongside reporting strong half-year results that underline the cafe and bar operator's "steady growth and market resilience". Read More

LONDON MARKET OPEN: Solid start in Europe amid US holiday

28th Nov 2024 08:55

(Alliance News) - Stock prices in London opened higher on Thursday, with the grocers, M&A developments and Dr Martens adding some impetus on a day where market drivers from New York will be scarce due to the Thanksgiving holiday. Read More

UK earnings, trading statements calendar - next 7 days

21st Nov 2024 16:15

Loungers delivers sales growth amid rising consumer confidence

8th Oct 2024 10:17

(Alliance News) - Loungers PLC on Tuesday said that its sales have grown during the first half of the year, amid new unit openings and increasing consumer confidence. Read More

LONDON BRIEFING: Imperial Brands lifts returns; Vistry warns on profit

8th Oct 2024 07:52

(Alliance News) - The FTSE 100 is called to open lower on Tuesday, as the absence of more stimulus measures in China knocked market confidence. Read More

UK shareholder meetings calendar - next 7 days

1st Oct 2024 15:33

Loungers annual profit jumps as targets 665 dining outlets

9th Jul 2024 09:50

(Alliance News) - Loungers PLC on Tuesday reported a jump in profit amid an optimistic outlook, noting that its pipeline of new sites was "as strong as ever". Read More

LONDON BRIEFING: FTSE called up amid underwhelming retail sales data

9th Jul 2024 07:43

(Alliance News) - Stocks in London are called to open higher on Tuesday, after some underwhelming UK retail sales data, which showed that poor weather held back purchases. Read More

Loungers delivers "record" annual revenue; hails new site openings

26th Apr 2024 11:48

(Alliance News) - Loungers PLC on Friday reported a jump in its full-year revenue amid strong sales and a successful roll-out of its new site opening scheme. Read More

UK earnings, trading statements calendar - next 7 days

24th Apr 2024 14:19

Loungers continues opening new Lounge sites, reaching 257 in total

18th Apr 2024 11:09

(Alliance News) - Loungers PLC on Thursday said it has continued its "rapid" site rollout, with an opening every 10 days so far this year. Read More

IN BRIEF: Loungers hires Stephen Marshall as new CFO

20th Mar 2024 13:54

Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Hires Stephen Marshall as new chief financial officer, effective from April 23. Current CFO Gregor Grant will step down on the same date, having occupied the role since August 2018, but will stay at Loungers until July 31 "to provide support and to assist with the efficient handover of responsibilities". Marshall held various senior roles at Dyson Ltd, including as interim CFO, from 2013 to 2018. He was CFO at multinational catering equipment supplier Nisbets from December 2018 to July 2021, then became CFO of e-scooter maker Pure Electric where he stayed until November 2023. Read More

IN BRIEF: Loungers celebrates opening of 250th site

29th Jan 2024 18:13

Loungers PLC - Bristol-based operator of Lounge, Cosy Club and Brightside cafes and bars - Announces the opening of its 250th site. Pionero Lounge in Rochdale opened Monday as the accelerated site opening programme across the UK continues. Restates belief that there is scope for at least 600 Lounges across the UK, on track to open 34 new sites in the current financial year alone. Read More

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