(Alliance News) - Stock prices in London were higher on Wednesday afternoon, in solid trade before focus turns to the US, where there is an interest rate decision and a slew of tech sector earnings later. Read More
(Alliance News) - Naked Wines PLC on Wednesday said it had a "solid" peak trading season, as it highlighted improvements from its comprehensive strategic initiatives. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
Naked Wines PLC - Norwich, England-based online wine seller - Pretax loss narrows to GBP5.6 million in the 26 weeks to September 30 from GBP9.7 million a year prior. Revenue, however, is 15% lower at GBP112.3 million from GBP132.3 million. Helping to trim its loss was the non-repeat of an impairment of non-current assets of GBP11.5 million suffered a year prior. Says early peak season trading has been solid; liquidity and cash continuing to improve. Financial 2025 performance is currently expected to be in line with the guidance previously given. In addition, notes US inventory, whilst in line with prior guidance, remains overstocked. Naked Wines says it is reviewing options to release capital from inventory; some of these would drive improved cash in financial 2026 and 2027 but could lead to increased liquidation costs, and result in earnings before interest and tax at the lower end of guidance. "A performance review is underway, proactively evaluating options to maximise shareholder value; we will report back by the end of the financial year," company says. Chief Executive Rodrigo Maza, says: "Naked Wines is in a better position, both financially and strategically. We now have robust financial foundations, and our members remain loyal and engaged. Our strategic initiatives centred around customer acquisition and retention are generating learnings, and we are currently experiencing solid trading during the peak season period." Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Naked Wines PLC on Wednesday said its annual loss widened only slightly, despite an 18% decline in sales, as it also named a new chief financial officer. Read More
(Alliance News) - Naked Wines PLC on Tuesday said it secured a new credit facility as the company also announces plans to recruit a new chief financial officer. Read More
(Alliance News) - Naked Wines PLC shares rose on Tuesday, as it said it expects annual revenue to be in line with guidance and leave it with a "strengthening platform" despite a "challenging year". Read More
(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Naked Wines PLC shares rose on Wednesday, after it said it has had "constructive" talks to replace or renew its current credit facility. Read More
Naked Wines PLC - Norwich-based online wine seller - Promotes UK Managing Director Rodrigo Maza to chief executive officer, taking over from Rowan Gormley after a several-month transition. At that point, Gormley will revert to non-executive chair from executive chair. Maza joined Naked Wines in September, having held executive roles at brewers Anheuser-Busch InBev NV and Grupo Modelo SA de CV. Since joining, Maza has worked with Gormley on the company's turnaround strategy. "I look forward to working with the team across Naked and getting this amazing company to achieve its full potential,"Maza says. Naked Wines also promotes UK Chief Operating Officer Emma Kamel to general manager of the UK business. Read More
(Alliance News) - Naked Wines PLC on Thursday said its sales continued to fall in its third quarter, and it plans to axe jobs as part of a cost saving measure. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - Naked Wines PLC on Friday said its interim loss widened on impairments, while a decrease in customer sales drove a plunge in revenue. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning: Read More
(Alliance News) - Stocks in London are called to open slightly higher on Friday, with the euphoria from the US Federal Reserve's slight policy pivot running out of speed. Read More
(Alliance News) - The FTSE 100 in London closed slightly lower on Tuesday, as miners and oil firms continued to drag down the index throughout the day. Read More
(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood. Read More