MBL profit whacked
9th Dec 2010 13:18
MBL Group plunged by a fifth Thursday after the entertainment products distributor reported a 78% slump in half-year profit as costs rose and a dependency on one big customer. Profit before tax of £0.7m for the six months ended 30 September compared with a healthy £3.2m in 2009. Sales were down fro
Read moreMBL wins Sainsbury's website contract
8th Nov 2010 17:50
Entertainment products distributor MBL Group jumped 20% after signing a two-year agreement with supermarket Sainsbury's to provide an entertainment products website. Sainsbury's is the first major customer to launch on MBL's new Ecommerce platform, carrying a catalogue of music, video, games and bo
Read moreMBL sneaks out profit warning
7th Oct 2010 18:37
Two days after MBL Group said that it was undertaking a strategic review which could lead to a bid for the company it has admitted that profits for the year to March 2011 will be "materially behind market expectations". The home entertainment products distributor slipped this news out after the ma
Read moreMBL review may lead to takeover
5th Oct 2010 15:18
MBL Group is courting potential suitors as part of a strategic review, the home entertainment products distributor confirmed today. Forced into action by a surging share price, the company said it has appointed KPMG Corporate Finance to advise on a review "to consider how best to take the business
Read moreSmall caps: Atlantic Global, Kewill, UK Coal...
19th Jul 2010 13:47
Coal miner UK Coal expects to post a higher interim loss of about £94m, up from £81.5m, after costs of its recent refinancing. The operating loss will be £52m, against losses of £37.7m, while property valuation losses are expected to be around £10m. Net debt at 26 June 2010 is expected to be around
Read moreMBL Group FY10 Profit Up 22%, Proposes 7.5 Pence Dividend
19th Jul 2010 08:13
LONDON (Dow Jones)--MBL Group PLC (MUBL.LN), a U.K. distributor of home entertainment products, reported Monday a 22% increase in pretax profit for fiscal 2010 and said it proposed a final dividend of 7.5 pence per share compared with 6 pence per share paid in 2009. MAIN FACTS: -Revenue for
Read moreMBL Group Buys 15% Stake In U-Xplore For GBP2M >MUBL.LN
24th Jun 2010 07:52
LONDON (Dow Jones)--MBL Group PLC (MUBL.LN), a U.K. multi-channel distributor of home entertainment products, said Thursday it has agreed to acquire a 15% stake in U-Xplore Ltd., a careers information and advice provider, for a total consideration of GBP2 million, payable in cash. MAIN FACTS:
Read moreLondon close: Third day of gains
2nd Feb 2010 16:39
A strong start in the US helped London rise for the third day in a row and finish at its highest in over a week, with commodity plays the pick of the bunch. Investors piled into miners as metal prices took off and brokers backed a further recovery in share prices. Eurasian Natural Resources (ENRC)
Read moreLondon afternoon: Stocks in consolidation mode
2nd Feb 2010 13:57
Leading shares drifted sideways over the lunchtime session, leaving the Footsie in the blue, largely thanks to the strength of miners, which are getting lots of love from brokers. Eurasian Natural Resources (ENRC), Kazakhmys and Rio Tinto, Lonmin, Xstrata and Anglo American are the best performers
Read moreMBL lifted by WH Smith contract
2nd Feb 2010 08:49
Entertainment products distributor MBL Group has signed a new contract with WH Smith to supply DVD and BluRay formats to the newsagent chain’s shops. WH Smith currently sells DVDs and BlueRay products in 448 of its stores. The contract with MBL runs through to 2012. The contract win follows a wee
Read moreStake building in MBL
7th Jan 2010 13:48
An Isle of Man-based hotels and leisure company has acquired a 14% stake in home entertainment products distributor MBL Group. Peter Long has sold his 13% stake in MBL so this will make up most of the shares purchased by Sefton Group, which runs hotels, restaurants and leisure operations on the Isl
Read moreLondon close: Financials lead advance
10th Dec 2009 16:31
UK shares closed not far off their best levels of the day as a strong start on Wall Street built on substantial support for UK-listed financial plays. Investors welcomed Alistair Darling's decision yesterday not to slap a windfall tax on banks and speculation that British lenders had agreed to resc
Read moreLondon afternoon: RBS rises on asset sale hopes
10th Dec 2009 14:19
Rises outnumber falls by around three to one among Footsie constituents, as the blue- chip index consolidates the morning's gains. Banks and insurers remains the flavour of the day, while properties and miners are out of favour. Royal Bank of Scotland leads the market rally on press reports that i
Read moreSales soar at MBL
10th Dec 2009 08:59
The collapse of a key competitor in November 2008 continues to benefit home entertainment products distributor MBL. The company announced sparkling results, with sales more than doubling and profit before tax increasing by almost two-fifths. Revenue in the six months to 30 September soared to £78.
Read moreLondon close: Good as gold
16th Nov 2009 16:56
Footsie came close to breaching the 5400 barrier, helped by a positive start on Wall Street, but profit taking set in at the end of the session and gains were pared. Much of the blue-chip index's advance was down to mining stocks, which were in demand as metal prices continue to head north. Lonmi
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