Woolworths share price: Where next as Demerger looms?
The Woolworths share price has drifted higher as the company closes in on demerging its drinks and hotels businesses.
Shane Walton | Financial Writer, Australia | Publication date: 2021-05-10T02:45:59+0100
Woolworths (ticker: WOW) on Monday announced that it had entered the third and final stage of its Endeavour Drinks transformation program.
Today’s announcement builds on a process started back in 2019, which started with the group’s drinks and hospitality businesses restructured to its own legal entity: Endeavour Group. The aim behind the demerger was always a simple one: Create a more focused, independent business that was/ will be well positioned for future growth.
Final Results Plutus PowerGen plc (AIM: PPG), an AIM Rule 15 cash shell, announces its results for the year ended 30 April 2020. Copies of the Annual Report and Accounts for the year ended 30 April 2020 will shortly be posted to shareholders and will be available on the Company s website ( www.plutuspowergenplc.com ) shortly. The Company also announces that it expects to publish its half yearly report for the six months ended 30 October 2020 by 28 February 2021. The publication date utilises the permitted extension of up to one month to complete and announce half yearly reports, as per the guidance issued by AIM Regulation in the Inside AIM publication dated 9 June 2020.