The Works

Northern Ireland’s Abbey Centre sold to new owner for £59m

Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market…

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The Works ups profit guidance as turnaround bears fruit

The Works has upgraded its FY25 profit guidance and is expecting to deliver approximately adjusted EBITDA of £9.5m compared with…

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Today’s news in brief-24/1/25

Morrisons has announced plans to cut over 200 jobs as part of a restructuring effort aimed at reducing costs and…

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The Works maintains guidance as HY revenues rise 1.3% to £124m

The Works is maintaining its full-year guidance as total revenues rose 1.3% to £124.2m in the first half of FY25,…

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Today’s news in brief-1/10/24

Mulberry has turned down an £83m acquisition bid from Frasers, arguing it undervalues the company’s potential. Frasers offered 130 pence…

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The Works ‘well-positioned’ for Xmas despite PBT drop

The Works has seen its profit-before-tax fall to £6.9m for the year ended 5 May 2024, down from £9m last…

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Today’s news in brief-21/5/24

Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths…

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The Works expects return to profit amid cost-cutting plans

The Works is anticipating a return to profit in its new financial year, having reported flat sales for FY24, following…

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Today’s news in brief-3/5/24

Asda, following strong FY23 financial results, has successfully refinanced £3.2bn of debt, pushing maturities into the next decade. This included…

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The Works completes admission to AIM

The Works has announced the completion of its move from the main market of the London Stock Exchange to AIM.…

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