The photo booths to self serve laundry company has this morning published full year results. The shares are currently suspended owing to delays in completing audits but today’s update might offer investors some cause for cheer. Record profits have been posted yet again with the roll out of more washers and driers proving instrumental here. The dividend is to be increased by 9.5% and management also announced an £18m share buyback. An announcement earlier in the month suggested the audit process would conclude today but for now the shares remain suspended.
Shares in Spire Healthcare jumped last week after media reports suggesting Bridgepoint Capital would table a £1bn offer for the company were floated in the media. That hasn’t however come to pass with the suitor announcing formally after Friday night’s close that it wouldn’t proceed, whilst management have also noted that talks with another PE house Triton have also terminated. Management note that they do remain in talks with other partners over the prospect of a sale or other ways of driving long term shareholder value. The Spire Healthcare share price was 20% lower in early trade.
Interim results from the sports nutrition, health and wellness brand Applied Nutrition were released this morning noting revenues up 56%, gross profits some 56% higher. There was however a notable increase in working capital usage and this may have served to spook some investors despite the underlying positive theme. The Applied Nutrition share price was down 15% shortly after the open.
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