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Carpetright PLC (CPRC.L)

CPRC.L on London Stock Exchange

18.40GBp
25 Jun 2019
Change (% chg)

0.75 (+4.25%)
Prev Close
17.65
Open
21.00
Day's High
22.00
Day's Low
17.65
Volume
5,048,979
Avg. Vol
669,929
52-wk High
36.17
52-wk Low
12.20

Latest Key Developments (Source: Significant Developments)

Carpetright Says Customer Confidence Started To Return Following Restructuring Last Year
Thursday, 25 Apr 2019 

April 25 (Reuters) - Carpetright PLC ::CARPETRIGHT PLC - TRADING UPDATE.CARPETRIGHT PLC - GROUP'S OVERALL TRADING PERFORMANCE IN PERIOD WAS IN LINE WITH EXPECTATIONS.CARPETRIGHT PLC - UK LIKE-FOR-LIKE SALES TREND IMPROVED SIGNIFICANTLY IN Q4, COMPARED TO YEAR TO DATE.CARPETRIGHT PLC - CUSTOMER CONFIDENCE IN BUSINESS STARTED TO RETURN FOLLOWING GROUP'S RESTRUCTURING LAST YEAR.CARPETRIGHT - TRADING IN REST OF EUROPE HAS CONTINUED TO TRACK AHEAD OF SAME PERIOD LAST YEAR, DRIVEN BY A STRONG PERFORMANCE IN NETHERLANDS.CARPETRIGHT PLC - REMAIN ON TARGET TO ACHIEVE PREVIOUSLY-ANNOUNCED £19M OF ANNUALISED CASH SAVINGS.CARPETRIGHT - WHILST CONSUMER CONFIDENCE REMAINS CHALLENGED IN UK, WORK DONE TO REPOSITION BUSINESS IS STARTING TO DELIVER BENEFITS.  Full Article

Carpetright Says Jeremy Simpson To Replace Neil Page As CFO
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Carpetright PLC ::TRADING UPDATE AND DIRECTORATE CHANGE.GROUP'S OVERALL PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS.AS ANTICIPATED UK LIKE-FOR-LIKE SALES REMAINED NEGATIVE FOR PERIOD, ALTHOUGH TREND HAS IMPROVED FROM THAT OF FIRST HALF.TRADING PATTERNS HAVE REMAINED VOLATILE WEEK TO WEEK, AGAINST A BACKDROP OF UNCERTAINTY AND WEAK CONSUMER CONFIDENCE.NEIL PAGE, CFO, HAS, AFTER MORE THAN TEN YEARS IN POST AND OVER THIRTY YEARS IN RETAILING, CONFIRMED HIS INTENTION TO RETIRE.GROUP'S OVERALL PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS.NEIL WILL BE SUCCEEDED BY JEREMY SIMPSON.REMAIN ON TARGET TO ACHIEVE £19M OF ANNUALISED CASH SAVINGS ANNOUNCED AS PART OF RECAPITALISATION OF GROUP IN MAY 2018.  Full Article

Carpetright Posts Bigger HY Pretax Loss
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Carpetright PLC ::CARPETRIGHT PLC - INTERIM RESULTS.CARPETRIGHT PLC - RESTRUCTURING PROGRAMME ON SCHEDULE AND IN LINE WITH MANAGEMENT EXPECTATIONS.CARPETRIGHT PLC - IN A TRANSITIONAL YEAR, ON TRACK TO DELIVER £19M ANNUALISED CASH SAVINGS.CARPETRIGHT PLC - HY GROUP REVENUE DECREASED 15.7% TO £191.1M (H1 FY18: £226.6M).CARPETRIGHT PLC - HY UNDERLYING EBITDA LOSS OF £1.7M (H1 FY18: PROFIT OF £8.6M).CARPETRIGHT PLC - HY STATUTORY LOSS BEFORE TAX OF £11.7M (H1 FY18: LOSS OF £0.6M).CARPETRIGHT PLC - HY-END NET DEBT OF £12.4M (YEAR END 28 APRIL 2018: NET DEBT OF £53.0M).CARPETRIGHT PLC - "RESULTS FOR FIRST HALF REFLECT A CHALLENGING SIX MONTHS".CARPETRIGHT PLC - PAUSED STORE REFURBISHMENT PROGRAMME TEMPORARILY, WHILE CO ACHIEVES CLARITY ON SHAPE OF UK STORE PORTFOLIO.CARPETRIGHT PLC - FURTHER INVESTMENT IN DIGITAL TECHNOLOGY WITH PLANNED IMPLEMENTATION IN SPRING 2019.CARPETRIGHT PLC - INTEND TO RE-START REFURBISHMENT ACTIVITY IN UK IN SECOND HALF.CARPETRIGHT PLC - NEGATIVE SENTIMENT ASSOCIATED WITH THE RESTRUCTURING PROCESS AND WEAK CONSUMER DEMAND IN UK.CARPETRIGHT PLC - STORE CLOSURE PROGRAMME HAS BEEN EXTENSIVE ALONG WITH, NUMBER OF REDUNDANCIES IN BOTH STORES AND HEAD OFFICE.CARPETRIGHT PLC - UK LIKE-FOR-LIKE SALES DECLINED 12.7% IN HY.CARPETRIGHT PLC - HY LIKE-FOR-LIKE SALES INCREASED BY 0.5% IN REST OF EUROPE.CARPETRIGHT PLC - CLOSED 54 STORES IN HY, WITH A FURTHER TWO STORES EXPECTED TO CLOSE IN THE SECOND HALF..  Full Article

Carpetright Says David Clifford To Become Senior Independent Director From Jan. 2019
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Carpetright PLC ::DAVID CLIFFORD WILL BECOME COMPANY'S SENIOR INDEPENDENT DIRECTOR WITH EFFECT FROM 1 JANUARY 2019.  Full Article

Carpetright Says Creditors Approve Restructuring Plan
Thursday, 26 Apr 2018 

April 26 (Reuters) - Carpetright PLC ::CVA APPROVED BY MAJORITY OF MORE THAN 75% IN VALUE OF UNSECURED CREDITORS OF COMPANY PRESENT AT MEETING IN PERSON OR BY PROXY.COMPANY CONTINUES TO TRADE UNDER CONTROL OF DIRECTORS, OPERATING AS A GOING CONCERN..COMPANY STILL EXPECTS TO LAUNCH EQUITY CAPITAL RAISING ON OR AROUND 18 MAY 2018..COMPANY IS NOT IN AND WILL NOT BE IN ADMINISTRATION AS A RESULT OF APPROVAL BY CREDITORS OF CVA PROPOSAL.IMPLEMENTATION OF CVA WILL BE CONDITIONAL UPON A SUCCESSFUL EQUITY CAPITAL RAISING.  Full Article

Carpetright in talks with lenders on difficult trading conditions
Thursday, 1 Mar 2018 

March 1 (Reuters) - Carpetright Plc ::‍TRADING CONDITIONS IN WEEKS SINCE GROUP LAST UPDATED MARKET ON 19 JANUARY 2018 HAVE REMAINED DIFFICULT​.‍WHILE TREND IN GROUP'S UK LIKE-FOR-LIKE SALES HAS IMPROVED THROUGH INTERVENING PERIOD, IT REMAINS NEGATIVE​.‍TRADING IN REST OF EUROPE HAS ALSO IMPROVED​.‍UK LIKE-FOR-LIKE SALES REMAIN BELOW MANAGEMENT EXPECTATIONS​.‍GROUP NOW EXPECTS TO REPORT A SMALL UNDERLYING PRE-TAX LOSS FOR YEAR ENDING 28 APRIL 2018​.‍PROACTIVELY ENGAGED IN CONSTRUCTIVE DISCUSSIONS WITH ITS BANK LENDERS​.‍BANK LENDERS HAVE INDICATED THAT THEY CURRENTLY REMAIN FULLY SUPPORTIVE​.‍GROUP IS EXAMINING A RANGE OF OPTIONS TO ACCELERATE TURNAROUND OF BUSINESS AND STRENGTHEN ITS BALANCE SHEET​.‍PROCESS REMAINS AT AN EARLY STAGE AND GROUP WILL UPDATE MARKET ON THESE INITIATIVES AS REQUIRED​.  Full Article

Carpetright sees full year profit at bottom end of expectations​
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Carpetright ::‍GROUP REVENUE INCREASED 2.6% TO £228.1M (H1 FY17: £222.3M)​.‍UNDERLYING PROFIT BEFORE TAX OF £2.1M (H1 FY17: £5.1M)​.‍ENCOURAGING START TO SECOND HALF​.‍LIKE-FOR-LIKE SALES IN UK UP 1.4% IN SIX WEEKS TO 9 DECEMBER 2017​.‍REST OF EUROPE HAS ALSO MADE A POSITIVE START WITH LIKE-FOR-LIKE SALES UP 9.2% IN LOCAL CURRENCY OVER SAME SIX WEEK PERIOD​.‍IN LIGHT OF CONSUMER OUTLOOK WE ARE TAKING A MORE CAUTIOUS VIEW OF SECOND HALF​.‍NOW EXPECT UNDERLYING PROFIT BEFORE TAX FOR FULL YEAR WILL BE TOWARDS BOTTOM END OF CURRENT RANGE OF MARKET EXPECTATIONS​.  Full Article

CORRECTED-UPDATE 2-FTSE 100 edged up as gains in miners, oil offset global angst

June 25 London's FTSE 100 eked out modest gains on the back of strength in mining companies and oil stocks on Tuesday, alleviating some anxiety after the United States imposed more sanctions on Tehran and before Sino-U.S. trade talks this week.