Coats Group CFO Jackie Callaway to step down
7th Jan 2025 08:00
(Sharecast News) - Industrial thread maker Coats Group said on Tuesday that chief financial officer Jackie Callaway has mutually agreed with the board that she will step down from her role at the conclusion of the annual meeting on 21 May.
Read moreCoats holds guidance on strong sales. targets 18% operating margin
20th Nov 2024 07:59
(Sharecast News) - Industrial thread maker Coats said it expected full-year results to be in line with expectations and forecast an operating margin of around 18%, driven by strong sales growth.
Read moreBerenberg slightly raises target price on Coats Group
5th Sep 2024 08:49
(Sharecast News) - Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120.0p to 135.0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
Read moreLondon close: FTSE slips as US job openings miss forecasts
4th Sep 2024 15:00
(Sharecast News) - London stock markets ended Wednesday flat to lower as investors processed fresh economic signals from the US, particularly a lower-than-expected job openings report.
Read moreCoats completes pension scheme de-risking
4th Sep 2024 08:38
(Sharecast News) - Industrial thread maker Coats Group said it had completed de-risking its UK defined benefit pension scheme by purchasing a £1.3bn bulk annuity policy.
Read moreBerenberg hikes target price on Coats following H1 numbers
2nd Aug 2024 07:16
(Sharecast News) - Analysts at Berenberg raised their target price on thread and structural components manufacturer Coats Group from 100.0p to 120.0p on Friday as it said the group was "knitting it all together" during H1.
Read moreLondon close: Stocks slide as Bank of England trims rates
1st Aug 2024 16:09
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Read moreCoats Group lifts guidance after strong first half
1st Aug 2024 10:50
(Sharecast News) - Industrial thread specialist Coats Group announced a robust set of interim results on Thursday, with a 7% increase in revenue to $741m, and revenue growth accelerating to 8% on a constant exchange rate (CER) basis, leading to an upgrade to its full-year guidance.
Read moreCoats appoints former GKN Aerospace boss as CEO
30th May 2024 07:43
(Sharecast News) - Industrial thread and global footwear parts maker Coats on Thursday said it had appointed former GKN Aerospace boss David Paja as its chief executive, replacing Rajiv Sharma who has decided to step down after eight years in the role.
Read moreCoats Group returns to revenue growth
22nd May 2024 09:04
(Sharecast News) - Industrial thread and footwear component manufacturer Coats Group reported a return to revenue growth for the period from 1 January to 30 April on Wednesday.
Read moreCoats 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 more