(Alliance News) - Investment firm H2 Equity Partners Ltd on Tuesday said it does not intend to make a takeover offer for Inspecs Group PLC, after Inspecs accepted an offer from a vehicle of entrepreneurs Luke Johnson, chair of private equity house Risk Capital Partners LLP, and Ian Livingstone. Read More
(Alliance News) - Safilo Group Spa on Monday said it does not intend to make a takeover offer for Inspecs Group PLC, after Inspecs accepted an offer from a vehicle of entrepreneurs Luke Johnson, chair of private equity house Risk Capital Partners LLP, and Ian Livingstone. Read More
(Alliance News) - Inspecs Group PLC on Wednesday said it has agreed to a recommended takeover by a vehicle indirectly owned by entrepreneurs Luke Johnson, chair of private equity house Risk Capital Partners LLP, and Ian Livingstone, valuing the eyewear firm at GBP85.4 million. Read More
(Alliance News) - Inspecs on Friday extended the deadline for potential acquisition bids, as it acknowledged possible offers from Milan-listed Safilo Group Spa and British private equity firms. Read More
(Alliance News) - Babcock reports a rise in half-year earnings, Asos says lower markdown activity helped narrows its annual loss, while PPHE has kicked off a strategic review. Elsewhere, Inspecs has received bid interest. Read More
Inspecs Group PLC - Bath, England-based producer of eyewear solutions, including eyewear frames, low-vision aids, and lenses - Provides a trading update for the 10 months ended October. Says trading improved in October after being "slightly behind plan" in the first two months of the second half of the year. Notes Tura recorded stronger than expected sales and order books at the end of October are 10% up on prior year. However, ongoing US tariff disruption and continuing weak macroeconomic environment are expected to impact the timing of product shipments, in particular from Killine. As a result Inspecs now expects to report revenue of GBP191 million and underlying earnings before interest, tax, depreciation and amortisation of GBP17.7 million in 2025. In 2024, Inspecs reports revenue of GBP198.3 million and underlying Ebitda of GBP17.6 million. Read More
(Alliance News) - Stock prices in Europe powered higher on Thursday, with Nvidia's well-received earnings restoring market confidence ahead of a belated US nonfarm payrolls report in the afternoon. Read More
(Clarifying the background of Ian Livingstone) Read More
(Alliance News) - A leading shareholder in Inspecs PLC urged the company to prioritise a sum-of-the-parts approach when considering rival bid approaches. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Inspecs PLC on Thursday reported a drop in first-half revenue and profit, citing the impact of US-China tariffs on production. Read More
(Alliance News) - Stock prices in Europe surged on Thursday afternoon, while the FTSE 100 was only slightly higher after the Bank of England decided against a rate cut, as expected, and slowed the pace of its UK government bond selling programme. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Inspecs Group PLC on Tuesday said it expects 2025 revenue to be broadly flat against its 2024 result, in a statement planned for the group's annual general meeting. Read More
(Alliance News) - Inspecs Group PLC on Wednesday said its board has unanimously rejected proposals from Downing LLP to appoint Rocco Benetton as executive chair of the company. Read More
(Alliance News) - Inspecs Group PLC on Thursday said the first quarter of 2025 has "laid the groundwork for a pivotal year", as it reported a swing to a loss in 2024. Read More
Inspecs Group PLC - Designer, manufacturer and distributor of eyewear - On Thursday, says it expects to see 2024 earnings below expectations, but it hails progress in the second half of the year. Revenue for 2024 is expected to have amounted to GBP200.5 million, a decline from GBP203.3 million in 2023. Underlying earnings before interest, tax, depreciation and amortisation of GBP17.5 million are expected, a decline from GBP18.0 million. "Whilst total revenue and underlying Ebitda for the group in 2024 was behind our original expectations, revenue growth was achieved in the second half of the year," Chief Executive Officer Richard Peck says. In the second half alone, revenue improves 5.9% on-year. Inspecs adds: "The group has made a solid start to 2025 and is confident of its ability to continue to reduce debt and increase margins and underlying Ebitda." Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes on Friday and not separately reported by Alliance News: Read More