Lisa Clarke makes sudden departure from MBL Group
4th Nov 2016 12:40
(ShareCast News) - Media distribution company MBL Group announced on Friday that Lisa Clarke is stepping down from her role as acting chief executive and finance director with immediate effect. The firm's board said Tim Jackson-Smith will become executive chairman on an interim basis. "On behalf of
Read moreMBL drums up profit to please chorus despite key shareholder discord
22nd Aug 2016 11:45
(ShareCast News) - Amid an attempted boardroom coup at the behest of major shareholder, interim results from MBL Group revealed a return to profitability after five years. In the year to 31 March, MBL, which is a distributor and wholesaler of DVDs, CDs, records, and birdseed, generated revenue of £1
Read moreMBL pre-tax loss from continuing operations widens in H1
22nd Dec 2014 12:21
Entertainment product distributor MBL Group saw its pre-tax loss from continuing operation double in the first half of the year, on the back of rising costs and difficult trading conditions. The group, which also has a division selling mail order garden bird and wildlife products, reported a pre-tax
Read moreSmall cap round-up: Angel Biotechnology, Glanbia, MBL Group
29th Aug 2012 11:16
Angel Biotechnology has signed an agreement with arGentis Pharmaceuticals that could see it manufacture the firm's ARG201 drug, a treatment for the life-threatening autoimmune disease, systemic sclerosis. Angel's stock rose 6.6% in morning trading. Glanbia, a nutritional solutions and cheese maker,
Read moreSmall caps round-up: Allergy, XCAP, Totally...
3rd Aug 2012 11:45
Allergy Therapeutics, a specialist pharmaceutical company focused on allergy vaccination, has welcomed the Food and Drugs Association's decision to lift the clinical hold on the company's grass pollen allergy vaccine clinical development programme, with immediate effect. Allergy has gained approval
Read moreMBL plunges into the red
9th Dec 2011 07:54
Entertainment products distributor MBL Group swung into the red in six months ended 30 September, after losing a major customer which accounted for 79% of turnover earlier in the year. Morrisons, which had been MBL's biggest customer, formally confirmed in March that it would terminate two supply a
Read moreMBL in talks to sell two subsidiaries
29th Jul 2011 13:23
Struggling entertainment products distributor MBL Group has confirmed that it is in advanced talks to dispose of two of its subsidiaries. The group released a statement saying: "As of now, no deal has been agreed and there can be no certainty that a disposal will take place. A further announcement
Read moreMBL Group says trading in line with expectations
17th Jun 2011 10:56
Struggling entertainment products distributor MBL Group said negotiations with Morrisons Supermarket regarding the contractual matters requiring resolution are continuing and added that its business is trading in line with its board's expectations. MBL, hit by volume and margin pressures, said sign
Read moreLondon close: Heavy losses despite recovery
15th Mar 2011 16:42
The FTSE 100 closed deep in the red Tuesday amid continuing worries over the situation in Japan, though losses were more than halved following a slide in the morning as nerves calmed. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation le
Read moreLondon afternoon: Stocks stabilise
15th Mar 2011 14:27
Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the
Read moreLondon midday: Slide continues in quake aftermath
15th Mar 2011 12:09
The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year. A third explosion at the Fukushima Daiichi nucle
Read moreMBL up for sale
15th Mar 2011 08:36
MBL Group is looking for a buyer after its major customer, supermarket chain Morrisons, formally confirmed that it will terminate two supply agreements with the home entertainment products distributor on 14 September 2011. The company had been hoping to replace some of the lost business with Morris
Read moreMBL buys OutNow
3rd Feb 2011 16:15
Troubled home entertainment products distributor MBL Group has acquired the assets of OutNow Entertainment from its administrator. OutNow (www.outnow.co.uk) is a DVD rental business that competes with LoveFilm, which was recently acquired by Amazon.com. MBL carries out the fulfilment services for
Read moreTuesday tips round-up: Greene King, SThree, RPC...
1st Feb 2011 06:47
Investors raised a glass to Greene King yesterday after the pub and brewing company delivered bullish trading, boosted by tasty food sales. The operator of the Old English Inns also reinforced its focus on pub food by acquiring Cloverleaf Restaurants for £55.8m. Overall, Greene King has proved its
Read moreNo bid for MBL
31st Jan 2011 11:13
Home entertainment products distributor MBL is no longer in bid talks and that news has knocked more than one-fifth off of its share price. Trading conditions continue to deteriorate and MBL was hit by volume and margin pressure in the run up to Christmas. AIM-quoted MBL has already downgraded pro
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