Trading Statements for 1 July 2020
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01 Jul
09:30James Latham cuts dividend despite higher profit; sales improve after 'challenging' AprilTimber and panel products distributor James Latham cut its final dividend despite reporting an uptick in profit on higher revenue. For the financial year to 31 March 2020, pre-tax profit rose...
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01 Jul
09:13HML Holdings ups dividend, but warns on performance for 2021Property management services group HML Holdings upped its dividend, but warned that a short-term reduction in housing transactions would materially hurt performance in fiscal 2021. 'We do not...
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01 Jul
09:03Applegreen continues to trade above expectations; subsidiary Welcome Break boosts liquidityRoadside convenience retailer Applegreen said it had continued to trade ahead of its Covid-19 projections for both May and June. The company also announced that its Welcome Break subsidiary had...
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01 Jul
08:53Smart Metering Systems returns Covid-19 grant as activities resumeSmart meter installer Smart Metering Systems said it was returning a grant received from the UK government pursuant to its Coronavirus Job Retention Scheme. The company has since resumed...
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01 Jul
08:16Topps Tiles quarterly sales slump 53%; though bouncing back better than hopedFlooring retailer Topps Tiles said its average weekly sales had slumped 53% in the third quarter of its financial year, though the performance was nevertheless better than it had expected. Average...
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01 Jul
08:03John Laing expects single digit decline in net assets as Covid dents investment activityInfrastructure investor John Laing said net asset value, ex-dividends, for the first half of the year was expected to show a single digit decline as investment activity was stalled amid the ongoing...
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01 Jul
07:57Hammerson boosts liquidity, eases lending arrangements; 'confident' collections will improveShopping centre owner Hammerson said it had improved its liquidity and debt arrangements with lenders and collected about 70% of its rent in the first half of the year across the UK and Ireland....
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01 Jul
07:55RHI Magnesita revenue slumps in second quarter; eyes further cost savingsRefractory product supplier RHI Magnesita said its revenue had fallen significantly in the second quarter due to the Covid-19 crisis. The company said there had been an unprecedented slowdown in...
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01 Jul
07:38Smith & Nephew revenue slumps 29% in second quarterMedical technology group Smith & Nephew said it expected its underlying revenue to sink by around 29% in the second quarter. The company said the drop was in line with its previously forecast...
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01 Jul
07:33British Land says sales in reopening week were 91% of same period last yearBritish Land said like-for-like sales in England during the reopening week were 91% of the same period last year, but the real estate investment company did flag a 64% shortfall in rent for retail...
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01 Jul
07:31Sirius Real Estate collects most rent in June; presses on with dividend planGerman business park investor Sirius Real Estate said it collected almost all of rent due in June following a relaxation of Covid-19 lockdowns. Rent and service charge collection during the month...
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01 Jul
07:22SSP to axe up to 5,000 jobs due to lingering impact of Covid-19 on travelTravel hub convenience store group SSP said it could make up to 5,000 of its staff redundant due to the lingering impact of the Covid-19 crisis on demand for travel. The roles would become...
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01 Jul
07:11Sainsbury's still expects flat underlying profit as costs offset surge in grocery salesSupermarket group J Sainsbury said its sales in the first quarter, excluding fuel, jumped 8.5% as households stocked up during Covid-19 lockdowns. The company, however, said it still expected its...