IN BRIEF: One Media IP optimistic over prospects amid solid pipeline
Thu, 13th May 2021 20:14
One Media IP Group PLC - digital media content provider - At annual general meeting, says it sees solid acquisition pipeline and is optimistic for year ahead. 2020 was a period of continued solid progress for the group in both growth and profit despite the global challenges. Central to our business is building our catalogue of music rights. Post year-end, we announced three deals that have been well covered in the national press and I am pleased to say that the group has a solid acquisition pipeline and continued deployment of monies raised in 2020 within the directors expectation and utilising both our Harmony Ip and TCAT initiatives, says Chief Executive Officer Michael Infante. We look forward to the remainder of the financial year with confidence.
Investors piled into Mike Ashley’s Frasers Group after it kicked off a surprise share buyback scheme.
The Sports Direct and House of Fraser owner will spend up to £60million purchasing its own stock between now and July despite warning less than a month ago that it would suffer a £200million hit from the pandemic. It will start the spree next Tuesday, buying a maximum 10m shares.
The retail conglomerate refused to explain beyond saying it was to ‘reduce the share capital of the company’. Businesses usually buy shares and hold them in reserve to reduce the number available to the public.
Market Report: Travel stocks take off as runway for summer holidays looks more promising
FTSE 100 made a bright start as airlines and other travel stocks got a lift from the holiday resumption talk over the weekend. London’s blue-chip index rose 38 to 7,008.
Pandora says it will no longer sell natural diamonds and instead will switch exclusively to synthetic lab-made diamonds. CEO The group, which is world’s biggest jeweller, said the move was part of a broader sustainability drive.
Warren Buffett has named his successor at Berkshire Hathaway Inc (NYSE:BRK.A) but the legendary investor is not stepping down just yet. In an interview with CNBC, Buffet said that if anything was to happen to him, Greg Abel, the firm’s 58-year old vice-chairman, would take over.
Proactive news headlines: Samarkand Group, Live Company, MGC Pharmaceuticals, Greatland Gold.
A glance at some of the day s highlights from the Proactive Investors newswire
Samarkand Group PLC (LON:SMK) said it has acquired Zita West Products Limited (ZWPL), a UK nutritional supplement brand for the fertility and pregnancy market, as well as a 51% stake in mother and baby nutritional product and probiotics maker Babawest Ltd for a total consideration of around £2.4mln.
Live Company Group PLC (LON:LVCG) said it has acquired a 16.3% stake in Start Art Global Ltd, an online and digital art sales platform that it said also had the potential for the creation of non-fungible tokens (NFTs).
TRADING UPDATES: Supreme annual revenue jumps; Pelatro in Asia deal
Tue, 4th May 2021 19:13
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Supreme PLC - maker of fast-moving consumer goods - Expects 30% revenue hike in year ended March 31 to GBP121 million from GBP92.3 million, in line with management expectations. Adjusted earnings before interest, tax, depreciation and amortisation tipped to rise 20% to GBP19 million from GBP16.2 million. I am delighted to provide our first trading update since our AIM admission in February 2021. We continue to build on our strong track record of growth, with our strategy to focus on high growth categories such as vaping and sports nutrition really coming to fruition, Chief Executive Officer Sandy Chadha comments.