Carpetright Shares News & Articles

Market report: Drug maker Indivior facing catastrophe after court defeat, BP profits soar as Ocado losses widen

Drug developer Indivior (INDV) has warned that it faces the loss of up to 80% of its market share ‘in a matter of months’ after losing a court ruling in the US over its Anti-opioid treatment Suboxone. Suboxone is used as a substitute to get drug addicts off harmful opiods, such as heroin. The company has been fighting a bitter battle for months against generic competitor drugs being made ...

Market report: Ashtead advances on earnings beat, WPP up on new growth plan

UK markets are starting to bounce back after yesterday’s Brexit calamity. The FTSE 250, which is considered the benchmark index for UK-focused companies, nudges up 0.2 points to 17,493, although that still leaves it trading well below the 21,324 year-to-date high. The FTSE 100 achieves a stronger lift, advancing 24 points to 6,746 off the back of gains in the mining and oil sectors, plus support ...

Market report: Bumper profits and buybacks bolster BT and BHP, while Just Eat up despite lower earnings warning

UK telecoms group BT (BT.A) soars to the top of the FTSE 100 leader board in early trade on Thursday after unveiling a big rise in profits. Pre-tax profits at BT jumped 24% to £1.34bn in the half year to 30 September despite revenue slipping 2% to £11.6bn. Higher profits were driven by customers opting for more expensive smartphones at mobile network EE and restructuring-related cost ...

Market report: Carpetright plunges into the red, takeover confusion grips Inmarsat

Struggling British floor coverings retailer Carpetright (CPR) plunged into the red for year to 28 April 2018 and underlying sales have continued to fall since, the company confirms on Tuesday. Warm weather and stock shortages have been particularly fierce challenges that saw the company report an underlying pre-tax loss of £6.4m, versus a £14.4m profit last time, roughly in-line with recent ...

Why Carpetright’s CVA has left investor nerves and the share price shredded

Ailing floor coverings-to-beds retailer Carpetright (CPR) confirms it will seek creditor approval for a restructuring plan to shutter stores and slash its rent bill. Yet while the company'S voluntary arrangement (CVA) may give Carpetright’s turnaround a fighting chance, remaining investors are not so sure. Shares in the company are down around 3.5% at 40.5p in mid-morning trade, although this ...

Could Carpetright have the rug pulled from under its feet after fifth profit warning in less than a year?

Struggling floor coverings-to-beds retailer Carpetright (CPR) says it is in talks with its lenders as it unfurls its fifth profit warning in less than a year. Alarmingly, Carpetright now expects to book a small loss for the year ending 28 April amid a downturn in consumer confidence and rising competition. The news triggers a 32% share price slump to a threadbare 53p. PILING ON THE AGONY ...
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