Watches Switz Share News (WOSG)

IN BRIEF: Watches of Switzerland sees jump in revenue on good demand

Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Records revenue increase of 39% to GBP304 million in the final quarter to May 1 from GBP218 million in the same period a year before. Reports full-year revenue of GBP1.24 billion, up 37% from GBP905 million the year before. Credits the growth to strong demand for its products in the UK and US. Notes that the demand for luxury watches in financial 2022 consistently exceeded supply. Assumes that the disruption from the pandemic is now largely behind it with the ongoing recovery in footfall and airport traffic. Guides for financial 2023 revenue between GBP1.45 billion to GBP1.50 billion.

Watches of Switzerland revenues surge in 'stellar' Q4

(Sharecast News) - Luxury watch retailer Watches of Switzerland said on Wednesday that it experienced a "stellar end" to the year ended 1 May, with revenues surging in the final quarter.

UK earnings, trading statements calendar - next 7 days

Goldman ups Watches of Switzerland to 'buy', shares surge

(Sharecast News) - Watches of Switzerland surged on Wednesday after Goldman Sachs upgraded the shares to 'buy' from 'neutral'.

LONDON MARKET MIDDAY: Stocks rise as markets await US inflation

(Alliance News) - Stocks in Europe were extending morning gains at midday on Wednesday, with a positive open seen in New York, as traders eagerly await the latest consumer price index reading from the US.

LONDON BROKER RATINGS: Goldman raises Watches of Switzerland to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON BRIEFING: High inflation in China, Germany; US report next

(Alliance News) - Consumer price inflation in Germany ticked to a new record high in April, as expected, data from the Federal Statistical Office showed on Wednesday.

IN BRIEF: Watches of Switzerland says fourth quarter went to plan

Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Says trading in financial fourth quarter that ended May 1 was in line with expectations. Remains confident about prospects in new year. Will release fourth-quarter trading update on May 18. Had initially planned to report trading statement on May 19 but changes date "to accommodate an unforeseen change in diary commitments".

IN BRIEF: Mercantile Investment Trust swings to investment gains

Mercantile Investment Trust PLC - London-based investment company focused on medium and smaller sized companies in the UK - Net asset value per share rises to 277.7 pence at January 31 from 251.0p at the same time the previous year. Gains on investments in the year ended January 31 swings to a profit of GBP228.2 million from a loss of GBP163.3 million the previous year. Pretax return also swings to a profit, rising to GBP265.7 million from a loss of GBP142.9 million in financial 2021. Company increases total dividend for the year by 3.0% to 6.9p.

DIRECTOR DEALINGS: Capital Ltd exec sells GBP1.4 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

DIRECTOR DEALINGS: LSEG Post Trade Head Maguire sells shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

DIRECTOR DEALINGS: Baltic Classifieds chair invests nearly GBP500,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News:

LONDON BROKER RATINGS: Morgan Stanley lifts BP; Jefferies cuts Reckitt

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

LONDON MARKET OPEN: Stocks rise as BP and Reckitt bookend FTSE 100

(Alliance News) - Stock prices in London opened mostly higher on Wednesday ahead of the UK government's 'spring statement' at midday, while BP and Reckitt Benckiser top-and-tailed the FTSE 100 on contrasting broker recommendations.

LONDON BRIEFING: UK inflation exceeds forecasts again, hitting 6.2%

(Alliance News) - The UK annual inflation figure hit its highest level since March 1992 as the country grapples with a cost of living crisis, data from the Office for National Statistics showed on Wednesday.