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
Company
Domaine Chanzy
LON:WINE
The objective of the Company’s shareholder’s incentive scheme (the “Scheme”) is to permit certain shareholders of the Company to: • purchase specific quantities of Domaine Chanzy and Maison Chanzy at discounted prices; and • participate in certain exclusive events and tastings to be organised by the Company from time to time.
94 stories · page 4 of 5
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
Archive
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
Archive
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
Archive
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
Archive
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