The Works

Today’s news in brief-5/4/24

Carpetright has enlisted the help of advisers to explore avenues for cutting costs amidst a challenging market. With weakening demand…

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The Works shareholders vote to exit main stock exchange

The Works has announced that its shareholders voted to transfer shares from the main market of London’s Stock Exchange to…

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The Works appoints two non-exec directors

The Works has announced the appointment of John Goold and Mark Kirkland as non-independent non-executive directors effective immediately. Goold is…

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Today’s news in brief-18/1/24

Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure,…

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The Works losses widen to £7.8m amid ‘challenging’ market conditions

The Works has fallen to a pre-tax loss of £7.8m in its half-year results, following a period of “persistently challenging”…

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Today’s news in brief-9/11/23

Bridgestone has invested $3m for a 5% stake in Halfords’ Avayler business. Avayler, a software-as-a-service (SaaS) provider, helps automotive companies…

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The Works lowers guidance due to sales uncertainty

The Works has announced that it has lowered its full-year guidance to an adjusted EBITDA of approximately £6.0m due to…

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The Works revenues up 5.8% in FY23 despite ‘challenging’ backdrop

The Works’ revenues increased by 5.8% to £280.1m for the year ended 30 April 2023, up from £264.6m in FY22,…

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WHSmith partners with Retail Trust to boost staff wellbeing

WHSmith is introducing new measures to support its employees’ health and happiness after partnering with retail industry charity the Retail…

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The Works reports sales up 6.1% to £316.6m

The Works has reported that its total sales increased 6.1% to £316.6m in FY23 compared with £298.4m in FY22, against…

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