Wickes

Custodian Property Income REIT plc: First quarter trading update shows rental growth supporting fully covered dividends and stable values

Retrieved on: 
Wednesday, August 9, 2023
KFC, RSK Group, Optimism, SONIA, Aviva, International, Interest, Investment, Ladbrokes Coral, Farmfoods, COVID-19, EPC, Biting, NAV, Tenant, Movement, History, LTV, Howdens Joinery, Sytner Group, EPRA, PSL, International Financial Reporting Standards, Wickes, RCF, Logic, WAULT, Lloyds Bank, ERV, Bauer Media Audio Ireland, Holding company, Tourism, Real estate, Bank, Commercial property, Lease, Silviculture, Security (finance), Lancaster House, Oldbury, Dream

The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.

Key Points: 
  • The listed property market is acutely sensitive to broader economic news with inflation, interest rates and potential recession all impacting investors’ confidence.
  • In the current market, occupational demand is continuing to drive rental growth which is positive for interest cover and dividends.
  • Continued rental growth is the Investment Manager’s key objective together with capturing the reversionary potential through the letting of vacant space.
  • The Board has approved an interim dividend per share of 1.375p for the Quarter, fully covered by EPRA earnings, payable on 31 August 2023.

ToughBuilt Industries Expands Relationships with Additional SKUs Available in Three Major Retailers Across Europe

Retrieved on: 
Thursday, December 1, 2022
COVID-19, Growth, Consumables, Wickes, Sawhorse, United Kingdom, Work-product doctrine, Trademark dilution, Toolstation, Creativity, Government, Stock, Security (finance), TBLT, Risk, Video game, Risk management

After a successful launch of ToughBuilt products, Wickes, which has 230 locations across the United Kingdom, will be increasing the number of ToughBuilt SKUs available to its customer base, from 15 to 48 SKUs beginning January 2023.

Key Points: 
  • After a successful launch of ToughBuilt products, Wickes, which has 230 locations across the United Kingdom, will be increasing the number of ToughBuilt SKUs available to its customer base, from 15 to 48 SKUs beginning January 2023.
  • Toolstation France has also more than doubled its original offering of the ToughBuilt range to from 25 to 65 SKUs in total.
  • Michael Panosian, ToughBuilt CEO-Founder, stated, We are pleased to extend our relationship with these three recognized European retailers, and that ToughBuilt continues to rapidly expand its international presence.
  • Investors and security holders are urged to read these documents free of charge on the SECs web site at http://www.sec.gov.

Custodian REIT plc : Asset management and strong leasing momentum driving first quarter NAV growth

Retrieved on: 
Tuesday, August 9, 2022
RPI, RCF, Burger King, Risk, Quarter, Ben Massarella, Savers, Burton upon Trent, Wickes, Building society, Investment, B&Q, Board, Range, DFS, Nationwide Building Society, EPC, EPRA, Income, History, Company, Aviva, Royal Bank of Scotland, Pod Point, Energy, Bury St Edmunds, EV, REIT, Weston-super-Mare, WAULT, Lloyds Bank, SONIA, Tenant, Royal Bank, Bunzl, LTV, RBS, KFC, Commercial property, Bank, Real estate, Lease, Self storage, Audi, Poundland

This investment strategy is supported by our strong balance sheet with modest levels of debt.

Key Points: 
  • This investment strategy is supported by our strong balance sheet with modest levels of debt.
  • In summary, if interest rates continue to rise, Custodian REIT is well insulated from the short to medium-term impact.
  • Occupational demand is reducing vacancy rates and driving rental growth, both of which are strongly supportive of earnings and underpin the Companys dividend strategy.
  • We still see value in the market as recent acquisitions demonstrate and the ongoing intensive asset management of the portfolio will maintain cash flow and support values.

WICKES GROUP PLC: Listing Rule Confirmation - Executive Director Appointment

Retrieved on: 
Thursday, June 23, 2022
Transcontinental (company), Board, Wickes, Listing Rules, Security (finance)

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Further to the Companys announcement on 20 January 2022 and pursuant to Listing Rule 9.6.12, Wickes Group plc (the 'Company' or 'Wickes') today announces that Julie Wirth will step down from the Board and her role as Chief Financial Officer on 29 July 2022.
  • Julies successor, Mark George, will join Wickes on 6 July 2022 and be appointed to the Board and the role of Chief Financial Officer on 29 July 2022.

Custodian REIT plc : Purchase of Property

Retrieved on: 
Thursday, June 23, 2022
LSE, Wickes, Company, KFC, Tesco, Acquisition, MAR, Security (finance), Bank, Commercial property, Poundland, Morrisons, EU

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Custodian REIT (LSE: CREI), the UK property investment company focused on smaller lot-sizes, is pleased to announce a further property purchase.
  • The agreed purchase price of 15.0 million was funded from the Companys existing debt resources, moving net gearing2 to 22.7% loan to value.
  • 2 Gross borrowings less unrestricted cash divided by last published property portfolio valuation.

WICKES GROUP PLC: Appointment of Joint Corporate Broker

Retrieved on: 
Thursday, May 26, 2022
Investec, Wickes, Security (finance)

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Wickes Group plc ("Wickes") today announces the appointment of Investec Bank plc (Investec) as its Joint Corporate Broker alongside Citigroup Global Markets Limited (Citi) with immediate effect.

WICKES GROUP PLC: Publication of the Annual Report & Accounts 2021

Retrieved on: 
Friday, April 1, 2022
2003 IAAF World Athletics Final – Results, Account, Annual report, Group, Wickes

Wickes Group plc ("Wickes" or "the Group") released its preliminary results announcement of annual results for the financial year ended 1 January 2022 ('Final Results announcement') on 25 March 2022.

Key Points: 
  • Wickes Group plc ("Wickes" or "the Group") released its preliminary results announcement of annual results for the financial year ended 1 January 2022 ('Final Results announcement') on 25 March 2022.
  • The Group's Annual Report and Accounts is now available to view or download in a pdf format from the Group's website.
  • The direct link to download the Annual Report and Accounts is https://www.wickesplc.co.uk/investors/investors-overview/results-reports... .
  • A copy of the Annual Report and Accounts has been uploaded to the National Storage Mechanism and will shortly be available in unedited full text at: h ttps://data.fca.org.uk/#/nsm/nationalstoragemechanism .

WICKES GROUP PLC: Update on Timing of Full Year Results Announcement

Retrieved on: 
Tuesday, March 15, 2022
KPMG LLP, MAR, KPMG, Group, Board, Wickes, Canadian Public Accountability Board, Annual report, Online gambling, Accounting, EU

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Wickes today announces a short delay to the publication of its preliminary financial results for the year end 1 January 2022.
  • We now expect to report our preliminary results for the year ended 1 January 2022 on 25 March 2022.

WICKES GROUP PLC: Q4 Trading Update

Retrieved on: 
Thursday, January 20, 2022
Wickes, Leadership, Sale, DIY, Risk, Growth, LFL, CEO, Incidence, COVID-19

LFL figures are based on the comparative 52 weeks to 25 December (FY20 was 52 weeks to 26 December).

Key Points: 
  • LFL figures are based on the comparative 52 weeks to 25 December (FY20 was 52 weeks to 26 December).
  • Core sales in Q4 were supported by continued strong performance in local trade, where home renovations continue to drive robust order books for our trade customers.
  • This, plus an encouraging lead and order profile from the winter sale, will support DIFM sales in the current year.
  • David Wood, CEO of Wickes commented: "Wickes has performed very well during 2021, testament to the appeal of our customer offer and our ongoing focus on price leadership.

Kerv Completes Acquisition of Fast Growing Security, Networking and SD-WAN Integrator, Gyrocom

Retrieved on: 
Tuesday, November 9, 2021
Technology, Networks, Data Management, Security, Workplace harassment, Harrods, View, Cooperative, Contract, Secure Access Service Edge, Nortel, Investec, Private sector, Scout (association football), Fortinet, Acquisition, B&Q, MIT Center for Digital Business, Solution, Local government, Wickes, Dell, Customer experience, SASE, Transforming Infrastructure Performance, Security, Driver, Retail, Sales, Kerv, Gyrocom, KERV, GYROCOM

Kerv , the next-generation customer-first, cloud and digital transformation services provider, has today announced the acquisition of Gyrocom, a fast growing network and security integrator with a specialisation in SD-WAN.

Key Points: 
  • Kerv , the next-generation customer-first, cloud and digital transformation services provider, has today announced the acquisition of Gyrocom, a fast growing network and security integrator with a specialisation in SD-WAN.
  • Gyrocom will operate as Kervs specialist networking and security division.
  • Gyrocom has 23 enterprise customers and its recurring revenues are growing at over 20%.
  • Gyrocom brings important new and strategic skills to Kerv across SD-WAN and SASE in particular.