(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Monday, and not separately reported by Alliance News: Read More
Naked Wines PLC - Norwich, England-based online wine seller - Revenue was about GBP250 million in the financial year that ended March 31, within the company's guidance range of GBP240 million to GBP270 million. However, it is down 14% from GBP290.4 million in financial 2024, which itself was down 18% from GBP354.0 million in financial 2023. Naked Wines still expects to report underlying earnings of GBP4 million to GBP9 million, compared to GBP5.0 million in financial 2024. It pretax loss that year was GBP16.3 million. The company will report its full annual results in the "summer", at which time it will provide guidance for financial 2026 and an update on its new strategic plan. Last year, Naked Wines reported its annual results at the end of August. Read More
Naked Wines PLC - Norwich, England-based online wine seller - Non-Executive Chair Rowan Gormley leaves the board immediately. Company says this decision follows the launch of its new strategic plan last week. Senior Independent Director Deidre Runnette will become interim chair until a successor is appointed. Read More
Naked Wines PLC - Norwich, England-based online wine seller - sets out a new strategic plan. Will now target GBP10 million to GBP15 million in annual earnings before interest, tax, depreciation and amortisation, against GBP5.0 million in adjusted Ebit in financial 2024 and GBP15.9 million in financial 2023. This goal is to be supported by GBP23 million in newly identified annualised cost savings, creating up to GBP30 million in additional net cash. Naked Wines is also aiming to deliver sustainable underlying revenue growth, with a 5% to 10% exit growth rate. Revenue is expected to stabilise at GBP200 million to GBP225 million by financial 2029. The firm is also prioritising reaching GBP75 million in cash from the March 2025 balance sheet, which will be delivered over the medium term largely by liquidating GBP40 million in excess inventory. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(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