Losses on the share price of personal healthcare company PZ Cussons were posted this morning, coming off the back of news that management had decided to keep the St Tropez brand in house. Following disappointing sales in the US, the company had been looking to dispose of the asset in a move that would have been cash generative but instead a new strategy is being launched, backed by new distribution partners too. St. Tropez contributed £7.5 million of adjusted operating profit in FY25. The PZ Cussons share price was around 3% lower in the first few minutes of trade.
Some solid gains for the motorcar distribution company Inchcape who published a pre-close half year update this morning. Management note a resilient performance in H1 with continued mixed market momentum and currency headwinds, but contract wins are being delivered, the full year outlook is reiterated and product cycles mean that growth will be skewed into H2. The interims are due for release at the end of next month, but today’s news has seen a meaningful reaction in early trade with the Inchcape share price trading almost 5% higher.
The gift and greeting card company Moonpig published full year results this morning. Despite the numbers looking ok – there are some challenges in select divisions – the news that the CEO is set to depart after a number of years in the role appears to be rattling sentiment. He has a 12 month notice period so there’s plenty of time to arrange succession plans but the Moonpig share price was down as much as 10% shortly after the open before recouping some of those losses.
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