Company
Luceco PLC
LON:LUCE
Luceco plc offers a range of brands, including Luceco, BG Electrical, Masterplug and Ross. The Company's products include Luxpanel, Epsilon and ambient lighting. Luceco light emitting diode (LED) lighting provides commercial and domestic lighting solutions. BG Electrical is a wiring accessory manufacturing brand, which serves electrical trade and specifiers. BG Electrical's products include White Rounded Edge, Nexus Flaplate Screwless, Nexus Metal, Nexus Storm, Nexus Grid and Metal Clad. Masterplug supplies portable power equipment through do-it-yourself (DIY) outlets and street retailers. Masterplug offers products under various categories, including indoor power, such as plugs and adaptors, sockets, chargers and cables; outdoor power, such as case reel, weatherproof box and extension leads, and workpower, such as trailing sockets, inline connectors, cassette reels and cable reels. Ross offers a range of audio visual and home entertainment products.
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Hardware & electrical equipment
Luceco's interim pretax profit drops 72%, sees improvement in second half
The lighting and wiring company expects to make more profit in the second half than the first, helped by an improving gross margin and an increasing contribution from EV chargers
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Hardware & electrical equipment
Luceco upgrades 2020 guidance after ‘record’ third quarter trading
Better-than-expected online selling and a recovering professional sector boosted third-quarter trading
Hardware & electrical equipment
Luceco shines as profit guidance hiked; Peel Hunt upgrades its rating to ‘buy’ from ‘add’
The group now expects a full-year adjusted operating profit of “at least £18mln to at least £23mln”, up from earlier guidance that profits would be above £18mln
Hardware & electrical equipment
Luceco mulls over interim dividend as profits could top expectations
Demand has been improving following an initial dip at the onset of the coronavirus crisis
Hardware & electrical equipment
Luceco ups profit guidance but Peel Hunt downgrades
Adjusted operating profit is expected to be in the range of £17.5mln to £18mln for 2019 and between £20mln and £21.5mln in 2020
Hardware & electrical equipment
Luceco shines even brighter after bullish AGM update
UK consumer and overseas sales for the LED lighting specialist are going well, with margins also increasing
Hardware & electrical equipment
Luceco in demand as remedial action sparks profit rebound
Luceco had successfully improved its competitive position and bolstered systems and processes, said its CEO
Investments and investor services
FTSE 100 closes in the red as Brexit and trade war fears continue to hit sentiments
The International Monetary Fund issued a warning, saying a "no-deal" Brexit would send the British economy into severe shock
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Sumo no heavyweight but finals should show good development, yet unlikely to divert from Brexit
The Day Ahead will continue to be dominated by the Brexit saga, with the corporate news diary limited to small cap firms, including City Pubs Group, Destiny Pharma
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Retailers Tesco and ASOS to provide the main corporate excitement in coming week
Also on the retail front, WH Smith and Dunelm will issue updates as well in the Week Ahead, while on the macro front an ECB rate decision and US FOMC meeting minutes are also due
Investments and investor services
FTSE 100 closes higher; British American Tobacco lights up
The UK's blue-chip benchmark finished over 86 points higher at 6,833, while FTSE 250 closed nearly 168 points higher