Coats sees 'modest' revenue rise on market recovery
7th Mar 2024 07:27
(Sharecast News) - Industrial threads maker Coats said it expected "modest" revenue growth this year as markets recovered in the second half after reporting higher 2023 profits.
Read moreLondon close: Stocks weaker as investors look to central banks
7th Dec 2023 15:03
(Sharecast News) - London markets closed lower on Thursday as investors reacted to lacklustre Chinese trade data and the latest UK house price figures.
Read moreCoats shares surge on pension surplus news
7th Dec 2023 10:27
(Sharecast News) - Shares in thread manufacturing group Coats surged on Thursday after the company decided to switch off pension deficit repair payments from next month.
Read moreCoats Group trading as expected as apparel segment improves
22nd Nov 2023 10:18
(Sharecast News) - Industrial thread specialist Coats Group said in an update on Wednesday that its trading in the four months through October was in line with expectations.
Read moreCoats Group lowers FY profit expectations
1st Aug 2023 09:31
(Sharecast News) - Industrial thread maker Coats Group downgraded its full-year expectations on Tuesday as it reported a decline in first-half profit and revenue.
Read moreCoats Group to sell European Zips business for $1m
4th Jul 2023 07:39
(Sharecast News) - Industrial thread maker Coats Group said on Tuesday that it has agreed to sell its European Zips business to Aequita, a German family office, for $1m.
Read moreRBC stays at 'outperform' on Coats after call with chief financial officer
24th May 2023 14:56
(Sharecast News) - Analysts at RBC reiterated their 'outperform' stance for shares of Coats Group on the back of their call with the company's finance director and head of investor relations.
Read moreCoats sees FY in line despite revenue fall
17th May 2023 07:23
(Sharecast News) - Shares in Coats fell on Wednesday as the industrial thread and global footwear component maker held annual guidance, with results expected to be weighted to the second half.
Read moreBerenberg slightly raises target price on Coats Group
13th Mar 2023 13:37
(Sharecast News) - Analysts at Berenberg slightly raised their target price on thread manufacturer Coats Group from 90.0p to 100.0p on Monday after the group's recent results demonstrated "a strong performance".
Read moreDirector dealings: Coats Group CFO makes share purchase
10th Mar 2023 15:33
(Sharecast News) - Coats Group revealed on Friday that chief financial officer Jacqueline Callaway had acquired 63,773 ordinary shares in the FTSE 250-listed sewing supplies company.
Read moreCoats Group lifts dividend as FY profits grow
2nd Mar 2023 08:45
(Sharecast News) - Industrial thread maker Coats Group posted a rise in full-year profits and revenue on Thursday and lifted its dividend as it hailed the benefits of recent acquisitions.
Read moreCoats Group raises $250m in US private placement
20th Feb 2023 10:09
(Sharecast News) - Industrial thread maker Coats Group said on Monday that it has raised $250m through the issue of US private placement notes.
Read moreCoats buys £350m bulk annuity policy from Aviva
6th Dec 2022 07:41
(Sharecast News) - Industrial thread maker Coats Group said the trustee of its UK pension scheme had purchased a £350m bulk annuity policy from Aviva.
Read moreCoats holds guidance as demand softens
23rd Nov 2022 07:04
(Sharecast News) - Industrial thread maker Coats reported a rise in revenues and held full-year guidance, despite strengthening forex headwinds, and said demand had softened in the second half.
Read moreCoats to raise £100m as it agrees to buy Rhenoflex
10th Aug 2022 17:08
(Sharecast News) - Industrial thread maker Coats Group announced its intention to raise £100m after markets closed on Wednesday, to fund the acquisition of German footwear materials producer Rhenoflex.
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