NWF reaches settlement on claim, expects cash payment
27th Mar 2015 15:11
Animal feeds manufacturer NWF Group has reached a settlement over an undisclosed legal claim it made. The London-listed company added that as a result of the settlement it expected to receive a one-off cash payment, which will boost its expected net debt position at the end of the financial year by
Read moreNWF says farm feeds help results hit upper end of expectations
24th Jun 2014 16:23
Agricultural and distribution group NWF said its forthcoming full-year results will be at the upper end of market expectations thanks to its animal feeds business gaining market share. Feeds saw more subdued market demand than the previous year, yet the division increased market share, particularly
Read moreRightmove Chairman sells 7m pounds of shares
27th May 2014 15:09
Rightmove's Chairman Scott Forbes has offloaded nearly a half of a holding in the property website group, selling over seven million pounds in shares. Forbes, who has been in his current role since 2005, sold 300,000 shares at an average price of 2,350.81p each, raising a total of £7.05m. Followin
Read moreNWF non-exec buys 10,000 shares
10th Feb 2014 15:52
Monday was a relatively quiet day for director dealings with very few notable transactions taking place. One took place at agricultural and distribution firm NWF Group where Non-Executive Director Yvonne Monaghan acquired 10,000 shares at a price of 138p each. The £13,800 deal represents Monaghan'
Read moreNWF Group eyes improved half-year performance
17th Dec 2013 07:48
- Half-year profit expected to be higher than previous year - Solid performances across its divisions - Trading in line with company expectations Agricultural and distribution business NWF Group said half-year pre-tax profit is expected to be ahead of the prior year after solid performances across
Read moreNWF Group buys SC Feeds
2nd Dec 2013 10:44
Agricultural company NWF Group has bought the entire issued share capital of SC Feeds, a UK animal feed manufacturer. The group is paying up to £6.75m, including an initial consideration of £6m in cash to be satisfied from NWF's existing banking facilities, and up to £0.75m through issue of new ord
Read moreNWF Group cuts net debt
13th Dec 2012 13:28
Agricultural and distribution business NWF Group said Thursday it has reduced net debt after exceeding trading expectations. In a trading announcement for the half-year ending November 30th, the company said debt has been lower than anticipated after the board hit sales targets. The group is ant
Read moreSmall caps round-up: NWF Group, Timeweave, North Midland Construction
24th Aug 2012 16:33
NWF Group has appointed Brendon Banner as its new Group Finance Director as of November, replacing Johnathan Ford who is leaving at the end of September to take over the position of Chief Financial Officer of HomeServe. Brendon joins from William Hare Group, a structural steel engineering and fabric
Read moreNWF Group hampered by fuel and food
14th Aug 2012 12:15
Full year figures from NWF Group, the specialist agricultural and distribution business, were in line with expectations as the firm suffered a sharp fall in profits. Revenue was up 16.5% to £540.2m but pre-tax profits took a dive from £7.6m to £5.1m. Basic earnings per share down 29.6% to 8.1p and
Read moreWednesday broker round-up - UPDATE
1st Feb 2012 07:03
Shire Pharmaceuticals: Credit Suisse maintains outperform rating and 2,350p target. Reckitt Benckiser: Credit Suisse maintains outperform rating and 3,800p target. easyJet: Credit Suisse maintains outperform rating and 503p target. Meggitt: Credit Suisse reiterates underperform rating and 330p ta
Read moreUPDATE: Thursday broker round-up
22nd Sep 2011 09:55
Burberry: AlphaValue downgrades to sell, target cut from 1,297p to 1,302.5p. Anglo American: Societe Generale upgrades to buy, target cut from 3,250p to 3,000p. TUI Travel: Numis Securities downgrades to hold, target decreased from 180p to 160p. Aegis Group: Barclays downgrades to equal-weight, t
Read moreFeeds profits jump as NWF reports record year
9th Aug 2011 12:57
Agricultural and distribution group NWF hailed another record year, as strong growth in the Feeds business helped the group to beat profit expectations. Pre-tax profit was a record £7.6m in the 12 months ended 31 May, up 7% from the £7.1m recorded the year before and ahead of forecasts of £7.3m (Pe
Read moreBroker tips: IHG, British Land, NWF
9th Aug 2011 12:55
Hotel chain operator InterContinental Hotels Group (IHG) has been oversold, according to Prime Markets, which has reiterated its buy recommendation on the stock. "[IHG] is currently a victim of the global stocks sell-off, but in our view this should not detract from a solid 6 months of results nor
Read moreBroker snap: NWF downgraded by Peel Hunt after strong run
9th Aug 2011 12:51
Final results from agricultural supplier NWF Group beat expectations, but Peel Hunt downgrades its rating on the stock, saying that the new revised target price reflects current market valuations. "Results were ahead of expectations, with profit before tax up 7% to £7.6m, versus our forecast of £7.
Read moreNWF expects record year
17th May 2011 16:58
Agricultural supplier, NWF Group, said it expects a record year, driven by high commodity prices and an unusually cold winter. The company said it expects to be significantly ahead of its prior expectations of performance to the end of May 2011, when it reports full year figures. The firm said pro
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