Stelrad Group PLC - Rotherham, England-based radiator manufacturer - Announces retrospective confirmation of reduction of capital. Says this was approved by a court in January 2022. This reduces the nominal value of each ordinary share in issue from GBP1 to GBP0.001. Number of shares in issue remains unchanged at around 127 million. Has no effect on the net asset position of the company. Read More
Stelrad Group PLC - Rotherham, England-based radiator manufacturer - Chair Bob Ellis sells 250,000 shares at GBP1.12, worth GBP280,000, in London on Monday. The sale was conducted for financial planning purposes and represents approximately 8.7% of Ellis's holding. Ellis is now interested in 2.6 million shares, a 2.1% stake. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Stelrad Group PLC on Friday said it had increased profit despite enduring an "extremely challenging" trading environment in 2023, and expects to ride this momentum into 2024 and beyond. Read More
Stelrad Group PLC - Newcastle upon Tyne, England-based manufacturer and distributor of steel panel radiators - Says 2023 adjusted operating profit will be about GBP29 million, in line with market consensus of GBP28.5 million but down 15% from GBP34.0 million in 2022. Revenue is about GBP308 million, down 2.6% from GBP316.3 million the year before. Excluding the full-year benefit from Stelrad's acquisition of Radiators Spa, like-for-like revenue is down 13%. Stelrad says high inflation and rising interest rates reduced new construction and renovation activity in the second half of last year. Read More
Stelrad Group PLC - Brazil-focused gold mining and development company - Non-Executive Director & Senior Independent Director Terry Miller plans to step down at the end of the year. Miller joined the company in October 2021 as part of its initial public offerings. Says a replacement will be appointed in due course. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Stelrad Group PLC still has attractive prospects compared to its peers, analysts said on Monday, with relatively strong half-year results leaving it well-placed to "navigate choppier waters" despite gloomy outlooks across the radiator sector. Read More
(Alliance News) - Stelrad Group PLC on Monday said its profit doubled in the first half of 2023, alongside rising revenue, while it maintained its full-year outlook and declared an unchanged dividend to shareholders. Read More
Stelrad Group PLC - Newcastle-based manufacturer and distributor of steel panel radiators - Announces that Chief Financial Officer George Letham will step down from his role before the end of the year in order to retire. Letham will continue in his role until a successor is in place, in order to ensure a "smooth" transfer of responsibilities. Read More
Stelrad Group PLC - Newcastle, England-based steel panel radiator manufacturer - Says 2023 performance to date is in line with management expectations, and reaffirms full-year outlook announced in March. Noted an "encouraging start" in the first four months, with UK volumes being particularly resilient. At the time Stelrad said it expected lower volumes seen in second half year to continue but stabilise into the current half year. Stelrad says volumes in the second half year should be stronger as trading returns to historical seasonal patterns after "exceptionally strong" first half prior year comparator. DL Radiators SPA meanwhile has been "successfully integrated" into Stelrad since acquisition in July. Read More
(Alliance News) - Stelrad Group PLC on Monday steeply increased its annual payment to shareholders, despite profit falling and costs rising, citing resilience in its business model. Read More