Market News - Page 786

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….

The Company has benefited in this past year from the major investment programme that we embarked upon in 2016 and which has continued throughout the course of this last year. This has allowed us to continue to grow whilst dealing with some significant challenges to our cost base….

Trading update – ahead of closed period commencing 26 June 2018

The business continues to perform well and trading is in line with our expectations
Strong adjusted revenue growth from the Strategic Brand Portfolio, on a representative basis
Continued strong market share growth, driven by the Global Drive Brands (GDBs)
Adjusted revenue and adjusted profit growth, on a representative basis, expected to be weighted to the second half of the year, as the impact of a number of significant events affecting the comparison with H1 2017 unwind
Good adjusted constant currency EPS growth, is expected to be impacted by a significant currency translation headwind of around 9% for the first half and 6% for the full year, assuming exchange rates remain unchanged for the remainder of the year

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Ted Baker, the global lifestyle brand, announces a 4.2% (7.5% in constant currency) increase in Group revenue for the 19 week period from 28 January 2018 to 9 June 2018 (the “period”), compared to the same period last year. This performance was achieved despite the impact of unseasonal weather across Europe and the East Coast of America in the early part of the period and, as previously reported, external trading conditions remaining challenging across many of our global markets….

Accrol is delighted to announce it has become the first UK tissue converter to offer customers a plastic-free solution on all its products, which include toilet roll, kitchen roll and facial tissues.

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FINAL RESULTS FOR THE YEAR TO 31 JANUARY 2018

B.P. Marsh & Partners Plc (AIM: BPM), the niche venture capital provider to early stage financial services businesses, announces its audited Group final results for the year to 31 January 2018.

The highlights of the results are:

Increase in the Equity Value of the Portfolio of 31.3% (£18.9m)
Net Asset Value of £98.9m (31 January 2017: £79.7m), a 24.1% increase, net of Dividend
Net Asset Value increased to 339p per share (31 January 2017: 273p)
Total return to Shareholders in the year of 25.5% (2017: 13.9%)
Consolidated profit after tax of £20.2m (31 January 2017: £9.8m)
Average Net Asset Value annual compound growth rate of 12.0% since 1990
Final Dividend of 4.76p per share declared (31 January 2017: 3.76p), a 27% increase
Cash and treasury funds balance of £5.4m at year end
Four new investments – two in Lloyd's Brokers and two in the USA
Two disposals – Besso and Trireme
Further investment into LEBC of £7.1m
Provision of follow-on funding to Nexus of £4m
Current uncommitted cash of £0.5m…