Wynnstay trading in line, confident for full-year
18th Jun 2014 08:15
- Pre-tax profit down 10% from last year's record level - Current trading in line with management budgets - Confident in prospects for remainder of year Wynnstay, the agricultural supplies and specialist retail group, posted a a solid half-year performance following tough comparatives the year befo
Read moreMonday broker round-up UPDATE
10th Feb 2014 08:13
Admiral Group: Goldman Sachs downgrades from buy to neutral with a target price of 1440p. APR Energy: Jefferies lowers target price from 1260p to 1250p keeping a buy recommendation. Dialight: N+1 Singer reduces target price from 1227p to 1022p, while leaving its buy recommendation unchanged. Ferr
Read moreOcado non-exec sells 1.4m pounds in shares
5th Feb 2014 16:48
Robert Gorrie may have turned a few heads on Wednesday after it became known that he has sold a substantial number of shares in online grocer Ocado. The Non-Executive Director, who has previously served as Logistics Director at the firm, sold 275,00 shares in the firm at a price of 501.8p, for a gr
Read moreWynnstay books improved full-year earnings
28th Jan 2014 08:33
- Increased earnings despite difficult weather conditions - Lifts dividend after strong demand across the group - Well positioned for future growth Welsh agricultural products supplier Wynnstay reported increased full-year profit and upped its dividend payment after seeing organic growth across all
Read moreWynnstay Group completes acquisition and placing
1st Oct 2013 11:36
Wynnstay, the agricultural supplies and specialist retail group, has completed the acquisition of Carmarthen and Pumsaint Farmers, with the exception of its freehold properties. The firm also announced that the recently placed 1.68m new ordinary shares were admitted to trading on the AIM market o
Read moreWynnstay raises funds and buys Welsh farm stores
12th Sep 2013 13:12
Farm supplies group Wynnstay has completed a nine million pound fundraising to complete the purchase of seven Welsh country stores. The stores are run by Carmarthen and Pumsaint Farmers, an industrial and provident society, whose members on Thursday voted in favour of the acquisition. Wynnstay
Read moreWynnstay in talks to buy Carmarthen & Pumsaint Farmers
18th Jul 2013 10:51
Wynnstay, the agricultural supplies and specialist retail group, confirmed it is in advanced talks for the potential acquisition of Carmarthen & Pumsaint Farmers which supplies agricultural products. "There can be no certainty that these discussions will lead to the company entering into an agreeme
Read moreCarclo CEO cuts stake by a third
12th Jul 2012 16:33
Ian Williamson, the Chief Executive of Carclo, a plastics business, has offloaded 230,000 shares, around a third of his total stake in the company. Williamson, who is set to retire after 18 years in the role, will pocket just short of a cool million from the transaction, which saw him sell the sha
Read moreTuesday broker round-up - UPDATE
10th Jul 2012 08:18
WPP: JP Morgan upgrades to outperform from neutral. AMEC: BarCap raises target from 1,340p to 1,350p, underweight rating kept. ASOS: Peel Hunt keeps buy rating and 1,800p target. AstraZeneca: BarCap keeps equal weight rating. Betfair: Nomura cuts target from 1,070p to 946p, buy rating unchanged.
Read moreWynnstay in bolt-on acquisition
1st Jun 2012 07:40
Agricultural and retail group Wynnstay has whipped out its wallet and bought PSB (Country Supplies), an independent agricultural merchant, based in Gloucestershire. The expected consideration is £0.5m, of which £0.35m will be paid upfront, with the remainder being tied to the achievement of profit
Read moreAcquisitions boost Wynnstay's figures
25th Jan 2012 10:09
Animal feeder supplier Wynnstay reported its strongest ever annual results after contributions from its two acquisitions Wrekin Grain and Woodheads. Revenues for the year ended 31 October 2011 rose 42% to £346.18m while pre-tax profit increased 17% to £6.94m. Revenues at its agricultural division
Read moreC&W Comms rallies as boss buys
27th Jun 2011 15:51
Shares in Cable & Wireless Communications were in demand Monday after it revealed the telecom company's chief executive Anthony Rice shelled out nearly £1m on shares. Rice bought 2.5m shares at 37.63p a pop. His latest purchase comes on the back of steady falls in the company's share price followin
Read moreWynnstay confident for year ahead
22nd Jun 2011 08:18
Animal feeder supplier Wynnstay Group revealed a 12% increase in half year pre-tax profit and said it remains confident about prospects for the year and beyond. Profit before tax rose to £3.97m in the half-year to 30 April from £3.55m a year earlier. Revenues increased to £164.57m from £120.34m pre
Read moreWynnstay hails agriculture markets as profits rise
26th Jan 2011 10:55
Agricultural products group Wynnstay posted higher revenues and profits in the year to 31 October and said it stands to benefit from higher demand for food and energy as the world's population grows. Pre-tax profits climbed to £5.95m from £5.2m as revenues rose to £243.74m from £214.95m. The rise
Read moreLondon close: Footsie edges higher
16th Jun 2010 16:47
Footsie closed slightly higher on a fairly lacklustre day for the leading share index. Part-nationalised lender Royal Bank of Scotland went well on a day which saw it shed two parts of its sprawling empire. It has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank L
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