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McBride PLC (MCB.L)

MCB.L on London Stock Exchange

60.00GBp
6 Aug 2020
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209,384
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Latest Key Developments (Source: Significant Developments)

McBride Appoints Chris Smith As CEO
Thursday, 11 Jun 2020 

June 11 (Reuters) - McBride PLC ::MCBRIDE PLC - ANNOUNCES APPOINTMENT OF CHRIS SMITH AS CHIEF EXECUTIVE OFFICER (CEO) FROM TODAY.MCBRIDE PLC - LUDWIG DE MOT, WHO WAS APPOINTED CEO ON 1 NOVEMBER 2019, HAS LEFT GROUP WITH IMMEDIATE EFFECT.MCBRIDE PLC - BOARD CAN CONFIRM THAT THERE BEEN NO MATERIAL CHANGE IN TRADING OR FINANCIAL PROSPECTS OF GROUP SINCE CO ISSUED ITS TRADING UPDATE.  Full Article

McBride Plc Expects Net Debt At June 30 To Be Lower Than Expectations
Tuesday, 19 May 2020 

May 19 (Reuters) - McBride PLC ::MCBRIDE PLC - TRADING UPDATE.MCBRIDE PLC - EXPECTS FULL YEAR ADJUSTED PROFIT BEFORE TAX TO BE APPROXIMATELY 15% AHEAD OF CURRENT MARKET EXPECTATIONS.MCBRIDE PLC - EXPECTS NET DEBT AT 30 JUNE 2020 TO BE LOWER THAN EXPECTATIONS.MCBRIDE PLC - DEMAND LEVELS IN OUR HOUSEHOLD BUSINESS HAVE MODERATED FROM SURGE SEEN IN MANY MARKETS AS COUNTRIES WENT INTO LOCKDOWN.MCBRIDE PLC - GROUP'S AEROSOLS BUSINESS IS BENEFITING FROM SALES OF NEW HAND SANITISER PRODUCTS.  Full Article

Mcbride H1 Pretax Profit From Continuing Operations 6.6 Million Stg Versus 13.3 Million Stg Year Ago
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - McBride PLC ::H1 PRETAX PROFIT FROM CONTINUING OPERATIONS 6.6 MILLION STG VERSUS 13.3 MILLION STG YEAR AGO.H1 REVENUE FROM CONTINUING OPERATIONS FELL 5.1 PERCENT TO 350.4 MILLION STG.HY ADJUSTED OPERATING PROFIT FROM CONTINUING OPERATIONS OF £11.6 MILLION, LOWER BY £5.2 MILLION.HY OPERATING PROFIT FROM CONTINUING OPERATIONS OF £8.5 MILLION (2018: £15.6 MILLION).HY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS OF £6.6 MILLION, LOWER BY £6.7 MILLION.SAYS INTERIM PAYMENT TO SHAREHOLDERS 0.8P (2018: 1.5P).SAYS Q3 REVENUE RUN RATES ARE AS EXPECTED.SAYS BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN IN LINE WITH JANUARY TRADING UPDATE.SAYS BOARD HAS INITIATED A DIVIDEND POLICY REVIEW AS PART OF OVERALL STRATEGY REVIEW.  Full Article

McBride To Miss Annual Profit Estimates On Poor UK Performance
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - McBride PLC ::TRADING UPDATE.FIRST HALF HOUSEHOLD REVENUES AT CONSTANT CURRENCY WERE 1.4% LOWER COMPARED TO PRIOR YEAR FOLLOWING A SLOWDOWN IN LAST TWO MONTHS OF PERIOD.GROUP HAS INITIATED A REVIEW OF ITS STRATEGY AND OPERATIONS WHICH IT EXPECTS TO REPORT ON DURING Q4 OF THIS FINANCIAL YEAR.H1 UK REVENUES WERE 8.0% LOWER YEAR ON YEAR.DURING FIRST HALF YEAR, RAW MATERIAL AND PACKAGING COSTS REMAINED LARGELY STABLE AND IN LINE WITH OUR EXPECTATIONS.NET DEBT CLOSED PERIOD AT £113.5M (30 JUNE 2019: £120.9M).HY CONTINUING REVENUES AT CONSTANT CURRENCY WERE DOWN 4.4% VERSUS PRIOR YEAR..NOW EXPECTS FULL YEAR ADJUSTED PBT TO BE APPROXIMATELY 15% LOWER THAN CURRENT MARKET EXPECTATIONS REFLECTING IMPACT OF LOWER REVENUES..COST IMPROVEMENT INITIATIVES CONTINUE ACROSS GROUP AND THESE ARE EXPECTED TO SHOW INCREASED BENEFITS IN SECOND HALF YEAR..  Full Article

Mcbride Appoints Elizabeth Mcmeikan As Non-Executive Director
Thursday, 14 Nov 2019 

Nov 14 (Reuters) - McBride PLC ::APPOINTMENT OF ELIZABETH MCMEIKAN AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT..  Full Article

McBride Plc Expects FY Earnings To Be In Line With Expectations
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - McBride PLC ::MCBRIDE PLC - AGM TRADING UPDATE.MCBRIDE PLC - OUR EXPECTATIONS FOR FULL YEAR HOUSEHOLD REVENUES REMAIN UNCHANGED AND ARE EXPECTED TO BE BROADLY FLAT VERSUS PRIOR YEAR.MCBRIDE PLC - EXPECTS FULL YEAR EARNINGS TO BE IN LINE WITH EXPECTATIONS.MCBRIDE PLC - EXPECTS EARNINGS WEIGHTED TO SECOND HALF OF YEAR.  Full Article

Mcbride Says Teleios Capital Partners Bought 293,900 Shares Of Co
Tuesday, 8 Oct 2019 

Oct 8 (Reuters) - McBride PLC ::MCBRIDE PLC - ON OCT 7, MCBRIDE WAS NOTIFIED THAT TELEIOS CAPITAL PARTNERS LLC PURCHASED 293,900 ORDINARY SHARES OF 10 PENCE EACH.  Full Article

Mcbride Appoints Ludwig De Mot As CEO
Friday, 4 Oct 2019 

Oct 4 (Reuters) - McBride PLC ::APPOINTMENT OF CEO AND CHAIRMAN SUCCESSION.APPOINTMENT OF LUDWIG DE MOT AS CHIEF EXECUTIVE OFFICER..LUDWIG DE MOT WILL JOIN BOARD OF MCBRIDE PLC ON 1 NOVEMBER 2019 AND WILL ALSO JOIN NOMINATION COMMITTEE.WITH EFFECT FROM LUDWIG'S COMMENCEMENT DATE, CHRIS SMITH, CURRENTLY INTERIM CEO, WILL RESUME HIS ROLE AS CFO.LUDWIG JOINS FROM ARCELORMITTAL WHERE HE SERVED AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF ITS CANADIAN MINING OPERATIONS.JOHN COLEMAN DECIDED NOT TO SEEK RE-ELECTION AT AGM ON 22 OCTOBER 2019 AND WILL STAND DOWN AS DIRECTOR AND CHAIRMAN FOLLOWING AGM.  Full Article

McBride FY Pretax Profit From Cont Ops 22 Mln Stg Vs. 26.5 Mln Stg Year Ago
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - McBride PLC ::FY PRETAX PROFIT FROM CONTINUING OPERATIONS 22 MILLION STG VERSUS 26.5 MILLION STG YEAR AGO.FY REVENUE ROSE 4.6 PERCENT TO 721.3 MILLION STG.BOARD'S EXPECTATIONS FOR FULL YEAR REMAIN IN LINE WITH JULY TRADING UPDATE.FY ADJUSTED PRETAX PROFIT FROM CONTINUING OPERATIONS 24.5 MILLION STG VERSUS 33.2 MILLION STG YEAR AGO.IN LIGHT OF REDUCED EARNINGS LEVEL FOR YEAR, BOARD RECOMMENDS A FINAL PAYMENT OF 1.8 PENCE (2018: 2.8P).MARGIN ENVIRONMENT REMAINS CHALLENGING.SEE CERTAIN INPUT COSTS STABILISING.EXPECTATIONS FOR FULL YEAR REMAIN IN LINE WITH OUR JULY TRADING UPDATE.HOUSEHOLD REVENUES EXPECTED TO BE FLAT FOR 12 MONTHS TO 30 JUNE 2020 AND EARNINGS TO BE SLIGHTLY BELOW YEAR TO 30 JUNE 2019..OVERALL MARKET FOR HOUSEHOLD PRODUCTS IN EUROPE IS SHOWING ONLY MODEST GROWTH.MCBRIDE - RECENT COST CHALLENGES FOR INDUSTRY COUPLED WITH CONTINUED MARGIN PRESSURES FOR RETAILERS HAS PLACED MANY COMPETITORS INTO FINANCIAL STRESS.OVERALL UNDERLYING GROWTH OF 2.7% IN YEAR WITHIN ITS CONTINUING OPERATIONS.EXCEPTIONAL TAXATION CHARGE OF £4.1 MILLION HAS BEEN RECOGNISED IN RELATION TO IMPAIRMENT OF GROUP'S ACT TAX ASSET IN UK.  Full Article

Teleios Capital Partners Raises Stake In McBride To 23.72 Pct - Filing
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Filing::TELEIOS CAPITAL PARTNERS RAISES STAKE IN MCBRIDE TO 23.72 PERCENT FROM 22.15 PERCENT - FILING.  Full Article

BRIEF-McBride Plc Expects Net Debt At June 30 To Be Lower Than Expectations

* MCBRIDE PLC - EXPECTS FULL YEAR ADJUSTED PROFIT BEFORE TAX TO BE APPROXIMATELY 15% AHEAD OF CURRENT MARKET EXPECTATIONS