NWF 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
Read moreNWF reports interim improvement
1st Feb 2011 18:32
A strong performance from animal feeds offset tough trading for the food distribution business and enabled AIM-quoted NWF to report higher interim profit. Revenues grew 16% to £203.4m in the six months to November 2010, while pre-tax profit improved from £2m to £2.2m. Net debt was 317.1m at the en
Read moreStrong food distribution growth at NWF
10th Aug 2010 16:54
Distribution group NWF reported growth in full year profits, helped by lower interest charges, but it will be difficult to repeat those profits this year. Underlying profits improved from £6.2m to £7.1m on flat revenues of £379.8m in the year to May 2010. The total dividend was raised from 4.1p a
Read moreNWF Group Sees Another Record Year For FY10 >NWF.LN
14th Jul 2010 07:31
LONDON (Dow Jones)--NWF Group PLC (NWF.LN), a specialist distribution business, said Wednesday it plans to announce preliminary results for the year ended May 31, on Aug. 10, and anticipates another record year for the Group. MAIN FACTS: -As announced June 15, NWF's divisions have enjoyed an
Read moreNWF achieves record
15th Jun 2010 16:12
Distribution business NWF says that its figures for the year to May 2010 will be ahead of expectations. Management says that it will be a record year for the group. House broker Charles Stanley was forecasting a profit of £6.1m for this year. The food distribution business will produce a record
Read moreNWF Year End Trading Ahead Of Market Views, Sees Record Year
15th Jun 2010 07:39
LONDON (Dow Jones)--NWF Group PLC (NWF.LN), a specialist distribution business, said Tuesday that trading in the year ended May. 31, 2010 has been ahead of market expectations and the now anticipates another record year for the Group. MAIN FACTS: -The Group has successfully secured with Roya
Read moreCommunisis chairman buys
26th Feb 2010 16:49
Peter Hickson, the chairman of print management and data analysis services provider Communisis, is buying shares following yesterday's results. A downturn in spending on direct mail promotions hit Communisis in 2009 and it cut its final dividend from 1.635p a share to 0.43p a share. The total divid
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