(Alliance News) - Ultimate Products PLC on Thursday said it expects full-year revenue to be slightly ahead of market consensus despite continued subdued consumer demand. Read More
(Alliance News) - The price cap for household energy bills in Great Britain is set to rise by 13% from July, Pets At Home reports lower earnings and cuts its dividend and AIB's chief financial officer steps down. Read More
Ultimate Products PLC - Oldham, England-based branded homeware products, such as Salter - Hires Simon Harrison to be chief executive officer, joining the company in September. Harrison currently is CEO of Liverpool-based food and beverage maker Princes Group PLC, but the FTSE 250 listing last week said Harrison will be leaving on June 30 "to pursue another opportunity". Harrison has been with Princes Group for five years, the last two in the top job, prior to which he worked a soft drinks bottler Coca Cola European Partners, now called Coca-Cola Europacific Partners PLC. Ultimate Products says Harrison will join the company on September 5 and replace Andrew Gossage as CEO on October 26. Both Gossage, who has worked at Ultimate Products for 20 years, and Simon Showman, who founded the company and led it for 27 years, will become non-executive directors later this year. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Ultimate Products PLC on Wednesday said that proprietary brand sales rose in its latest half year, although overall revenue declined, and that current trading is proceeding as expected. Read More
Ultimate Products PLC - Oldham, England-based owner of homeware brands including Salter and Beldray - Following shareholder approval at Friday's annual general meeting, Ultimate Products says it expects to switch its London listing to AIM on January 15, from the London Stock Exchange's Main Market. In November, Ultimate Products said it had concluded the AIM market would be the most suitable listing venue for the group at the current market capitalisation. "In particular, the company's market capitalisation is well below the threshold which would enable it access to index-tracker funds which could support liquidity in the company's shares," it said at the time. Ultimate Products also anticipates some cost savings through a combination of audit, legal and other administrative savings and believes that an AIM quotation would reduce the administrative requirements of the senior management team. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and in the past week and not separately reported by Alliance News: Read More
Ultimate Products PLC - Oldham, England-based owner of homeware brands Salter and Beldray - Announces several senior management promotions from its operating board to "C-suite roles". Trading Director Duncan Singleton, who currently oversees the Small Domestic Appliances division, will be promoted to chief commercial officer. Current Chief Commercial Officer & Founder Simon Showman, transitions to the role of president & founder with effect from September 1. He replaces Barry Franks who will remain a "major shareholder". Showman remains Ultimate Products' biggest shareholder and will stay on the board. Supply Chain Director David Bloomfield will be promoted to chief supply chain officer and Trading Director Katie Maxwell, who currently leads the Housewares division, will be the new chief product officer. Brand Director Tracy Carroll, who assumed the then-newly created role in 2022 and led Salter and Beldray's "successful rebrands", is promoted to chief marketing officer. Finally, Operations & HR Director Craig Holden is promoted to chief operating officer. Read More
(Alliance News) - Ultimate Products PLC on Wednesday said it may move its listing to junior venue AIM from London's Main Market, as "subdued" conditions weigh on revenue and market capitalisation. Read More
(Alliance News) - Beazley lowered its premium growth outlook, housebuilder Persimmon maintained its completions guidance, while Hill & Smith announced a GBP100 million share buyback. Elsewhere, retailer Shoe Zone lowered its profit view. Read More
(Alliance News) - The FTSE 100 closed lower on Wednesday, well below early highs, despite a stellar showing from Babcock International after well-received results. Read More
(Alliance News) - Ultimate Products PLC shares slumped on Wednesday as it warned that it expects full-year adjusted earnings before interest, tax, depreciation and amortisation below consensus, with sales weighted toward lower margin product categories. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - Stock prices in Europe opened higher on Wednesday, following gains from New York overnight and Asia in the early hours, as an Israel-Iran ceasefire lifts spirits. Read More