Company
Coats Group PLC
LON:COA
With a rich heritage dating back to the 1750s, Coats is the world's leading industrial thread and consumer textile crafts business.
38 stories · page 1 of 2
Archive
FTSE 100 pares losses and European share rise on new tariff reprieve, ECB cuts rates
Schroders, Admiral and Reckitt Benckiser are Thursday's top risers, with Melrose and Rentokil at the other end
Coats ties up £92mln acquisition of German footwear materials maker
Rhenoflex makes structural components for the premium footwear market, including heel counters, toe puffs, interlinings and eyelets
Coats sees full-year performance 'moderately ahead' of its previous expectations
The thread maker, which first listed on the London Stock Exchange in 1890, reported a 28% jump in interim profits
Coats buys footwear components maker Texon for US$237mln
“The acquisition of Texon will strengthen our existing presence in the highly attractive athleisure footwear market," said Coats chief executive Rajiv Sharma
Coats trades ahead of 2019 levels
Performance has been helped by a recovery in apparel and footwear
Coats Group stitches higher profit guidance as demand recovers
"We have seen an encouraging improvement in brand and manufacturer order confidence into the peak trading season of September-November," the thread-maker said
Coats Group slides as profits fall by two thirds amid pandemic disruption
For the six months ended June 30, the industrial thread maker reported an adjusted operating profit of US$34mln, down 67% year-on-year, while revenues dropped 24% to US$536mln
Coats a winner but Spirax-Sarco a loser as Berenberg reassesses UK industrials amid pandemic
The bak said they “cannot state with absolute confidence” that firms in the sector will not follow other industries in postponing or cancelling their dividends
Coats acquires US yarns manufacturer Pharr
The acquisition was completed for US$37mln using operating cash flows and existing debt facilities
Coats Group unravels after profit warning
House broker Peel Hunt trimmed the target price to 90p from 100p, keeping the ‘buy’ recommendation, and cut full-year profit before tax forecast to US$1.3bn
Archive
FTSE 100 closes firmly higher as stocks boosted by weaker pound
Britain's blue-chip index closed up around 88 points at 7,326. The FTSE 250 went higher too, adding over 115 points to stand at 20,485.