Wynnstay Group PLC - Powys, Wales-based agricultural and specialist merchanting firm - Says that following Paul Robert's decision to retire, Rob Thomas has been appointed as its new group finance director. Read More
Wynnstay Group PLC and partner - Powys, Wales-based agriculture supplies group - Says it is working alongside an unnamed partner on a research project which looks into using daffodils to reduce cattle methane emissions. Says the project is developing a new feed additive using an alkaloid extracted from daffodils, which is known to reduce methane. Says the "Dancing with Daffodils" project is supported by the UK Department of Farming, Environment & Rural Affairs and the UK's national innovation agency, Innovate UK. Read More
Wynnstay Group PLC - Powys, Wales-based agriculture supplies - Posts revenue of GBP409.1 million for six months ended on April 30, up 22% from GBP335.7 million a year before. Commodity price inflation accounts for estimated GBP48 million of the rise. Pretax profit is down 44% to GBP5.8 million from GBP10.4 million, as operating profit drops to GBP5.5 million from GBP10.4 million the year before. The year-earlier results included a one-off fertiliser stock price gain, Wynnstay explains. Declares interim dividend of 5.50 pence per share, up 1.8% from 5.4p a year prior. Looking ahead, expects to achieve its underlying growth objectives for the financial year although pressures remain. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday 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 Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Wynnstay Group PLC on Wednesday reported an annual profit surge, boosted by the impact on fertilizer prices of Russia's invasion of Ukraine in February of last year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Wynnstay Group PLC said on Monday that it expects annual results to be ahead of market forecasts. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - Expects results for the year ending October 31 to be "significantly" ahead of current market forecasts thanks to good weather conditions and an early UK harvest providing "much greater" visibility for the firm at this stage of the year. Also cites gains in Glasson fertiliser activity for the expected improvment. Says demand for feed has been unseasonally strong, reflecting reduced availability of forage after a hot summer. Looking forward, firm is conscious of inflationary pressures and as a result says it is "prudent" to leave expectations for its next financial year unchanged. Read More
(Alliance News) - Wynnstay Group PLC on Thursday said it has raised GBP10.6 million via a "significantly" oversubscribed placing of 1.9 million shares at 560 pence each. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - Plans to raise up to GBP10.5 million through a placing of shares, as a strong trading backdrop provides several opportunities to accelerate company growth. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - In the six months ended April 30, reports a pretax profit of GBP9.6 million, up 78% from GBP5.5 million the previous year. Revenue jumps to GBP335.7 million from GBP249.7 million, representing 34% growth year-on-year. Company says this represents a record half, ahead of management expectations. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - Says trading in the first four months of its new financial year have been in line with expectations across its core activities. Adds that fertiliser operations have experienced "substantial" one-off gains which the company does not specify. Says this was as a result of rising fertiliser commodity prices caused by increases in the price of natural gas. Company expects pretax profit for the year to exceed market expectations. Wynnstay's financial year ends October 2022. Also expects revenue increase due to commodity price inflation. Read More
Wynnstay Group PLC - Powys, Wales-based agricultural supplies company - Acquires poultry feed supplier Humphrey Feeds and its associated business, Humphrey Pullets Ltd, for GBP9.5 million in cash. A deferred consideration of up to GBP2.0 million may become payable dependent on the achievement of certain performance targets, Wynnstay added. In order to fund the acquisition, the company is entering into a new GBP12.5 million revolving credit facility. Read More
Wynnstay reports record year as farmer confidence recovers post-Brexit Read More
IN BRIEF: Wynnstay Group raises returns on record profit in first half Read More
IN BRIEF: Wynnstay Properties "unscathed" by pandemic but income slips Read More
EXECUTIVE CHANGES: Gresham House Strategic chair departs immediately Read More