Company
Naked Wines PLC
LON:WINE
Naked Wines PLC connects everyday wine drinkers with the world's best independent winemakers. The company’s customers commit to a fixed prepayment each month which goes towards their next purchase. Naked in turn funds the production costs for winemakers, generating savings that are passed back to its customers. It creates a virtuous circle that benefits both wine drinkers and winemakers. The company’s customers have direct access to 293 of the world's best independent winemakers making over 2,000 quality wines in 22 different countries.
95 stories
Naked Wines boss steps down with immediate effect
Founder and chairman Rowan Gormley will take the role of executive chairman on an interim basis
Naked Wines reset is 'sensible', say brokers
Liberum Capital removed its 'sell' rating on the shares, upgrading to 'hold'
Naked Wines reveals reset plans, including lower costs and unwinding inventory
Earnings are expected to jump this year but sales are seen falling in the near-term due to the focus on profits over growth
Naked Wines appoints former CEO Rowan Gormley as advisor as it prepares revised business plans
“I welcome Rowan providing his insight to us because his operational familiarity with the business and his viewpoint as a shareholder will provide a unique and valuable perspective to the board as we position Naked for long-term sustainable
Naked Wines says it is reviewing plans for next eighteen months
The company intends to reveal its plans when it publishes a trading update in the week of October 17, 2002, covering the period to September 26, the first half of its 2023 fiscal year
Naked Wines names James Crawford interim CFO as Shawn Tabak departs
Crawford will combine his interim CFO role with his responsibilities as managing director of Naked Wines UK division
Naked Wines to switch UK focus to quality over quantity
As it shifts its UK business toward a more premium offering, it expects to invest about £5mln less in Investment in new customers
Naked Wines climbs as market toasts results
Sales retention was 80%, up a few percentage points on guidance, while repeat customer sales increased 11% year-on-year
Naked Wines starts shipments to Alabama as US market expands
The company, which says it is the US and global leader in the rapidly growing direct-to-consumer wine market, has some 350,000 US members and over 945,000 worldwide
Naked Wines builds stock to ensure customers enjoy a Merry Christmas
Naked Wines expects to have its best festive season yet this year
Naked Wines makes record haul at Decanter World Wine Awards
The retailer said its exclusive wines had managed to bag two platinum, seven gold, 48 silver and 105 bronze medals
Naked Wines lists on OTCQX Best Market in the USA
Naked Wines offers world class wines at reasonable prices online
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Proactive news headlines: Naked Wines, IQ-AI, Powerhouse Energy…
A look at some of today's major headlines from the Proactive newswire
Naked Wines plans to invest more in US to keep up strong sales momentum
“It is clear to us that the pandemic has served to underscore the value of our business model in connecting winemakers and consumers directly and proven the opportunity before us,” said chief executive Nick Devlin
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FTSE 100 ends firmly higher; positive start on Wall Street gives way to profit-taking
London's leading index closed the week at 7,134, a gain of 46 points, 0.7%, on the day
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GDP set to show rebound accelerating
“We look for a 2.5% month-to-month rise in GDP in April, marginally above the 2.4% consensus,” said Samuel Tombs at Pantheon Macroeconomics.
Proactive headlines: Naked Wines, Caerus Mineral Resources, AFC Energy…
A look at some of the major headlines today from the Proactive newswire
Naked Wines says full-year sales top expectations after strong US performance
Active customers soared after the pandemic accelerated the shift to online shopping
Naked Wines completes search for new chairman
"Naked is disrupting the wine industry through its unique business model and superior offering to both customers and winemakers," said Darryl Rawlings, the chairman-elect
Naked Wines sees opportunities for its disruptive model
Naked Wines Plc is an online platform that connects wine drinkers with the world's best independent winemakers
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Proactive news headlines: Naked Wines, SDX Energy, Accesso Technology, CMC Markets …
A glance at some of the day's highlights from the Proactive Investors newswire
Naked Wines raises sales guidance after strong first half
"Naked Wines is a bigger, better business than it was twelve months ago,” said chief executive Nick Devlin
Naked Wines unveils new CFO as former finance boss takes helm of UK business
Shawn Tabak will join the wine retailer from December 7, replacing current CFO James Crawford
Naked Wines: Backing the best winemakers, while successfully challenging the status quo
A slide in a recent Naked Wines PLC (LON:WINE) investor presentation summarises the incredible progress the company has made since the onset of the pandemic
Naked Wines upgraded to ‘buy’ by Peel Hunt over sales outlook
The US business is thriving after the population noticed wine can be bought online during lockdown, while the UK “continues to excel”
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Breakfast News - Naked Wines, Creo Medical, Sativa Group and more...
AEX Gold (TSXV:AEV) is intending to admit its shares to AIM alongside a £45m placing. The Company, led by CEO Eldur Ólafsson, has established the largest land package of gold assets in Greenland with a current portfolio of licences covering
Naked Wines toasts increased demand amid coronavirus lockdown
“Since restrictions on social gathering began, we have seen higher levels of demand from both new and repeat customers in all of our markets, particularly in the US”
Small cap movers: Naked Wines hits six month low as popular CEO calls time at the bar
A look at some of the more interesting stories from the junior market this last week
Naked Wines shares sink as boss set to retire
The wine company also widened its loss before tax to £6.2mln from £5.1mln in the same period a year ago, due to weaker repeat customer performance, management changes and the lacklustre UK market
Majestic Wine sells retail and commercial businesses to focus on Naked online brand
"I am delighted that we have managed to secure an independent future for both Naked and Majestic Retail and Commercial," said chief executive Rowan Gormley.
Archive
Small cap movers: Purplebricks left red faced as it pulls out of US
A look back at some of this week's more interesting stories from London's junior market
US investor Fortress frontrunner in Majestic Wine bidding war, media reports
The investment group, owned by Japan's Softbank, has also apparently been courting wine retailing bigwig Dan Jago to run the stores following the sale
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Small cap movers: Activist investor Elliott Advisors joins £100mln bidding war over Majestic Wine stores
A look back at some of this week's more interesting stories from London's junior market
Majestic Wine leaves bitter taste with unexpected chairman resignation, swing to full year loss
The AIM 100 wine seller also suspended its final dividend for the last financial year, saying investors would receive a special dividend after the sale of its retail business
Investments and investor services
Maistro shares to become just a blurred memory
A look at the day's major movers, including Great Western Mining, Majestic Wine, Ascent, Ferguson and Just Group
Activist investor Elliott lodges bid for Majestic Wine outlets, media reports
Elliott has apparently lodged a bid for Majestic's 200-outlet estate, pitting itself against other potential buyers including private equity group OpCapita and Softbank-owned Fortress
Majestic Wine exploring sale of UK retail and commercial operations – media report
Sky News said the AIM-listed firm has appointed investment bank Rothschild to seek out potential buyers for the business after reaching out to private equity firms
Majestic Wines plunges as it hints at divi cut ahead of radical shake-up
The AIM company has proposed changing its name, shutting stores and hiking investment into its Naked Wines brand, something which could force a cut to the dividend
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Majestic Wine toasts strong Christmas sales growth led by Naked Wines division
The wine seller said in an update for the ten weeks to 31 December that group sales had risen 6.3% on an underlying basis compared to 4.1% growth last year
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Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
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Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
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Small Cap Movers: Majestic Wine shares turn sour after swing to half year loss as it stocks cellars ahead of Brexit
A look back at some of the more interesting stories from the junior market this week...
Brokers turn sour on Majestic Wine amid weak first half performance
Analysts at both Liberum and Peel Hunt have knocked the AIM 100 wine seller down to 'Hold' from 'Buy' on the back of its weaker retail arm
Majestic Wine slumps as it swings to loss in first half as investment and sluggish UK market eat into earnings
The AIM 100 wine seller reported a pre-tax loss for the period of £0.2mln, down from a £3.1mln profit last year despite revenues climbing 5.4% to £229.1mln
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
Traders pour into Majestic Wine as RBC toasts “deeply-undervalued” Naked Wines business
Naked Wines is an online, direct-to-consumer business, where customers pay £20 a month in return for better prices on hundreds of craft wines
Liberum ups target for Majestic Wine amid growing exposure and customer growth spending
The City broker said the group’s results for the 2018 financial year had confirmed progress had been made as well as being a “significant” surprise
Majestic Wine swings to profit in full-year results despite “challenging” retail climate
The AIM-listed wine seller reported a pre-tax profit of £8.3mln, up from a £1.5mln loss the year before, while revenues climbed to £476.1mln from £465.4mln previously
Investments and investor services
FTSE 100 closes higher as European Central Bank message cheers markets
The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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QE or not QE, that will be the question for the ECB Council meeting on Thursday
Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
Majestic Wine is the toast of the town as profits soar in first half
Majestic is two years into a three-year turnaround plan and so far it seems to be doing just fine …
Majestic Wine swings to a full year loss and warns on Brexit as chairman steps down
Majestic Wine said a weaker pound after Brexit has hurt UK consumer confidence and made its wines more expensive
FTSE 100 closes 55 down and UK mid-caps plunge; BoE raises prospect of rate rise
FTSE 100 closed down 55 at 7,419 as retail shares took a beating
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LGO / Columbus Energy reboot comes into effect on Thursday
On its first day Columbus will pitch the group’s new plans at a re-branding launch event in the City.
Majestic Wine enjoys cracking Christmas
Brokers were generally impressed with Majestic's trading update, but the company has to keep up the pace in order to meet full-year expectations
FTSE 100 marks longest record-breaking rally in history
The FTSE 100 index has closed at a record high for the ninth day in a row on Tuesday, the longest such stretch in history, as the bourse got a boost from a weaker home currency
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Day ahead: Food and drink on the menu as Morrisons issues Xmas trading news
Analysts at Barclays expect the supermarket firm to deliver like-for-like sales growth of +0.5% for the nine week period.