Joules Surges 41%, Clarkson Revenue Jumps, TheWorks.co.uk Lowers Expectations: Morning Roundup

Here are the top stories from the London Listed stocks on Monday…

Joules

  • Joules confirms that it is in discussions with Next Plc about adopting its Total Platform services to support the Group’s long-term growth plans.
  • Furthermore, Joules confirms it is in discussions with Next about a potential equity investment raising proceeds for Joules of £15 million, which would result in Next becoming a strategic minority shareholder in the Group.
  • Joules shares have surged 41% on Monday morning.

Clarkson

  • Clarkson reported revenue jumped to £266.7 million in the six months ended 30 June, from £190.1 million in the previous year.
  • Underlying profit before tax jumped 53.5% to £42.2 million.
  • Earnings per share increased by 54.5% to 98.9p.
  • Clarkson’s share price fell 4%.

TheWorks.co.uk

  • Reported a trading update which now expects underlying EBITDA to be higher at approximately £16.5 million.
  • Q1 total LFL sales decline 2.5%, including challenging online performance with an LFL sales decline of 28.6%.
  • The company states general market outlook has deteriorated, with low consumer confidence and rising inflation.
  •  The Board has materially lowered its expectations in relation to FY23’s result.

Bidstack Group

  • Revenue surged almost 150% to £2 million for the in-game brand activation platform.
  • Cash jumped to £3.7 million from £695,000.
  • Revenue from the Azerion media sales partnership is anticipated to accelerate into H2 2022.

PageGroup

  • Reported a 79.3% jump in half-year operating profit, helped by strong hiring demand from companies amid staff shortages.
  • Revenue increased to £977.3 million for its half-year results, from £766.4 million a year prior.
  • The company’s outlook remains unchanged as full-year operating profit is expected to be in line with the consensus of £206m.
  • PageGroup shares tumbled 10%.

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