Market News - Page 735

GROWTH PLANS ON TRACK – TOTAL UK & ROI SALES UP 3.5%…

ROLLS-ROYCE OUTLINES MID-TERM AMBITION

CAPITAL MARKETS EVENT JUNE 2018

· Details on restructuring plan; run-rate net cost savings of £400m p.a. by end of 2020

· Well-placed to now exceed free cash flow of £1bn by 2020; mid-term ambition for free cash flow per share to exceed £1

· Mid-term ambition for through-cycle cash flow return on invested capital of 15%

· Update on Trent 1000 cash costs for 2018 – Group free cash flow guidance maintained

…

ROLLS-ROYCE CONFIRMS FUNDAMENTAL RESTRUCTURING

Simpler, leaner and more agile organisation
Driving continuous improvement across all parts of our business
Delivering improved returns; run-rate net cost savings of £400m p.a. by end of 2020
Transforming our business to support our world-leading technologies…

PZ Cussons Plc (the “Group”)   TRADING UPDATE   PZ Cussons Plc, a leading international consumer products group, today issues the following trading update in…

Q1 highlights:

· Group revenue +0.4%

· Product revenue -2.8%

· Financial services revenue +9.0%

· Total online revenue +3% and Power Brand online revenue +9%

· 75% of total revenue now generated online, and 84% for new customers

· Total and Power Brand active customers (12 month rolling basis) both broadly flat year-on-year

· In line with our online strategy, consultation begun to consider closing our 20 stores

· Full year guidance unchanged, aside from exceptional costs relating to these proposed store closures…

CHIEF EXECUTIVE OFFICER'S STATEMENT

It is always disappointing to report profits that have fallen but in the present uncertain economic climate I consider that my team have given a very good performance. In uncertain times transactions usually take longer to complete and so it is that during the year ended 31 March 2018 we completed significantly less sales than in the previous financial year. This fall in the number of sales has caused the fall in profits to a far greater degree than any perceived fall in prices….

NWF Group plc (“NWF” or “the Group”), the Fuels, Food and Feed specialist distribution business, today announces a trading update for the financial year ending 31 May 2018 and its notice of results. …

Further to the announcement made on 5 June 2018 by Stafford Capital Partners Limited (“Stafford”) regarding a possible cash offer for the entire issued and to be issued share capital of the Company (the “Possible Offer”), the Board of Phaunos re-iterates its commitment to balance maximising the value from the Company's investments with making timely returns of capital to shareholders….