Carex, Imperial Leather and Original Source maker PZ Cussons slumps into the red after Nigerian Naira collapse Retail Shares in PZ Cussons, the company behind the likes of Carex, Imperial Leather and Original Source, have been cut after the business revealed how a 70 per cent slash to the Nigerian Naira has impacted its finances. The Manchester-headquartered firm, which is listed on the London Stock Exchange, has reported a revenue of £527.9m for [...]
PZ Cussons: Carex maker backs outlook despite surge in Nigerian currency RETAIL British health and beauty manufacturer PZ Cussons said its on track to deliver a revenue of more than £520m despite the decline in the value of the Nigerian Naira, which it said has had a “significant” impact on its trading.
PZ Cussons: Shares jump after company announces restructuring Retail Shares in PZ Cussons rose over five per cent in early trade after it announced plans to offload its fake tan brand St Tropez and review its operations in Africa.
PZ Cussons shares nosedive 17 per cent after company slashes dividend following Naira devaluation February 7, 2024 British health and beauty manufacturer PZ Cussons has cut its dividend following a 70 per cent decline in the value of the Nigerian Naira.
PZ Cussons: Carex maker has to pay up for Nigerian arm November 23, 2023 Carex maker PZ Cussons said it would exit the Nigerian stock exchange earlier this year after the naira was devalued when inflation hit 24.08 per cent.
PZ Cussons: ‘No rush to go shopping’ for further acquisitions until ‘right brands’ available September 22, 2022 PZ Cussons has said it is “not in any rush” to pick up further brands as the Carex maker saw quarterly sales rise. After snapping up the baby goods brand Childs Farm, PZ Cussons was in “no rush” to add more firms to its portfolio, the consumer goods giant’s CEO Jonathan Myers told CityA.M. on [...]
PZ Cussons anticipates higher product prices will boost its revenues and offset economic challenges June 27, 2022 PZ Cussons is on course to post a rebound in revenues amid higher prices for its products and strong marketing.
Smooth deal: PZ Cussons snaps up baby and skincare brand Childs Farm March 21, 2022 Soap giant PZ Cussons has acquired UK baby and child skincare brand Childs Farm. The deal has seen Joanna Jensen, the founder of the fast-growing brand, invest into the PZ Cussons subsidiary which completed the deal. PZ Cussons now owns a 92 per cent stake in the business, valued at £36.8m. The firms said PZ [...]
PZ Cussons adjusted profit declines as headwinds cause Carex sales slump February 9, 2022 Personal healthcare manufacturer PZ Cussons has registered a 9.6 per cent decline in profit after subsidiary Carex reported an easing of demand for personal hygiene products. In the half year ended 30 November, the group’s adjusted operating profit went down to £32.9m while sales slumped 9.3 per cent to £283.7m. Earnings per share also dropped [...]
PZ Cussons: Revenue ahead of pre-pandemic levels despite Covid comparatives September 22, 2021 Personal healthcare brand PZ Cussons said revenues were ahead of pre-pandemic levels despite an unprecedented demand for hygiene brands easing. The firm said it expected comparatives from the beginning of the Covid 19 outbreak to impact its year-on-year revenue comparisons in the first quarter of FY22, in a trading update published on Wednesday. Its two [...]