Share Name Share Symbol Market Type Share ISIN Share Description
Leeds Group Plc LSE:LDSG London Ordinary Share GB0005100606 ORD 12P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 18.00p 16.00p 20.00p 18.00p 18.00p 18.00p 0 07:46:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 41.5 0.9 2.0 9.0 5

Leeds Group PLC Trading Update

17/05/2019 12:35pm

UK Regulatory (RNS & others)


Leeds (LSE:LDSG)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more Leeds Charts.

TIDMLDSG

RNS Number : 4399Z

Leeds Group PLC

17 May 2019

Leeds Group plc

("Leeds Group" or the "Group")

Trading Update

Leeds Group wishes to update the market on its expectations for the financial year ending 31 May 2019.

As announced on 25 March 2019, the Group's operating subsidiaries have found the market conditions very challenging with increased competition in a reduced market. Unfortunately, the market conditions have deteriorated further since March 2019 and the Board now expects the Group's revised expectations for the current financial year to be significantly below last year. Working capital remains adequate.

In light of these difficult trading conditions, the Board has requested each trading subsidiary to implement further programme of cost reductions and efficiency savings, which will not have an effect on the current years trading result, with the objective of returning the Group to acceptable profit levels in the next financial year.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (MAR) and has been arranged for release by Jan G Holmstrom, Chairman.

Enquiries:

Leeds Group plc

Dawn Henderson - 07747 777055

Cairn Financial Advisers LLP

Tony Rawlinson / Liam Murray - 020 7213 0880

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTARMBTMBJBBIL

(END) Dow Jones Newswires

May 17, 2019 07:35 ET (11:35 GMT)

1 Year Leeds Chart

1 Year Leeds Chart

1 Month Leeds Chart

1 Month Leeds Chart
Your Recent History
LSE
LDSG
Leeds
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20191021 12:17:05