Brait SE (BATJ)

Brait News & Analysis

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  BRIEF-Brait SE HY Headline Loss Per Share Is 34 Cents

  Nov 18 (Reuters) - Brait SE BATJ.J :* HY HEADLINE LOSS PER SHARE IS -34 CENTS* CORONAVIRUS PANDEMIC HAS MATERIALLY IMPACTED VIRGIN ACTIVE AND NEW LOOK* HY NAV PER SHARE OF R7.71* BRAIT IS...

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  UPDATE 1-New Look creditors back turnover-based leases restructuring plan

  * Creditors' meeting votes through CVA plan* Approval means recapitalisation can proceed* British Property Federation rails against outcome (Adds detail, British Property Federation...

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  UK retailer New Look faces administration risk if restructuring blocked

  LONDON, Sept 9 (Reuters) - Struggling British fashion retailer New Look warned on Wednesday it would be forced to consider "less favourable alternatives" if unsecured creditors do not...

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  BRIEF-Brait Agrees Terms For Final Payment For The Sale Of Iceland Foods

  Sept 7 (Reuters) - Brait SE BATJ.J :* BRAIT SE - AGREES TO RECEIVE GBP48.5 MILLION PROCEEDS AS FINAL PAYMENT FOR SALE OF ITS 63.1% SHAREHOLDING IN ICELAND FOODS* BRAIT SE - BRAIT HAS...

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  PRESS DIGEST-British Business - Sept. 7

  Sept 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- The...

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  UK retailer New Look puts latest restructuring proposal to landlords

  LONDON, Aug 26 (Reuters) - Struggling British fashion retailer New Look launched the latest stage of its restructuring process on Wednesday, seeking turnover-based leases from landlords at...

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  BRIEF-Brait SE Invites Holders Of Outstanding 2020 Convertible Bonds To Offer To Sell Bonds

  July 21 (Reuters) - Brait SE BATJ.J :* BRAIT SE - INVITES HOLDERS OF ITS OUTSTANDING 2020 CONVERTIBLE BONDS TO OFFER TO SELL ANY AND ALL OF THEIR BONDS...

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  BRIEF-Brait SE FY/Share Of R8.27

  June 24 (Reuters) - Brait SE BATJ.J :* BRAIT SE - FY NAV PER SHARE OF R8.27* BRAIT SE - POST YEAR END, BRAIT HAS RECEIVED R1.7 BILLION FROM INITIAL TRANCHES OF ICELAND FOODS AND DGB...

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  Founding family and CEO take full control of Britain's Iceland Foods

  LONDON, June 9 (Reuters) - The founding family of Britain's Iceland Foods and its chief executive have taken full ownership of the frozen food specialist which has seen a two decade-high...

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  BRIEF-Brait Disposes Its 63.1% Shareholding In Iceland Foods

  June 8 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - BRAIT DISPOSES OF ITS 63.1% SHAREHOLDING IN ICELAND FOODS; VOLUNTARY NAV UPDATE FINANCIAL YEAR ENDED 31 MARCH 2020* BRAIT SE -...

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  BRIEF-Brait SE Says Instituted Cost Reduction Strategies To Deal With Impacts Of Virus

  May 13 (Reuters) - Brait SE BATJ.J :* PORTFOLIO UPDATE, THE COMPLETION OF BRAIT'S DEBT FACILITY REFINANCE, SALE OF DGB AND UPDATE ON GOVERNANCE MATTERS* WHERE APPROPRIATE, HAVE INSTITUTED...

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  BRIEF-Brait Says Impact Of Coronavirus Likely To Disrupt Earnings, FCF For A Period Of Time

  March 24 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - UPDATE ON THE IMPACT OF THE CORONAVIRUS, THE DIRECTORATE AND PROPOSED REDOMICILIATION* BRAIT SE - VIRGIN ACTIVE'S ALL GYMS IN...

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  BRIEF-Brait Says GBP 150 Mln 6.5% Convertible Bonds Due December 2024

  March 10 (Reuters) - Brait SE BATJ.J :* BRAIT SE - GBP150 MILLION 6.5 PER CENT. CONVERTIBLE BONDS DUE DECEMBER 2024...

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  Iceland Foods' 'long-term greedy' founders may seek bigger stake

  * South Africa's Brait has said will sell within five years* Iceland has second biggest share of Britain's frozen market* Another IPO seen as unlikelyBy James DaveyLONDON, March 10...

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  BRIEF-Brait Announces Results Of Zar5.6 Bln Equity Capital Raise

  Feb 17 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - RESULTS ANNOUNCEMENT REGARDING BRAIT'S ZAR5.6 BILLION EQUITY CAPITAL RAISE* BRAIT SE - BRAIT HAS SUCCESSFULLY RAISED ZAR5.25...

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  BRIEF-Brait Extends Deadline For Shareholders In Restricted Territories

  Jan 28 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - EXTENSION OF DEADLINE FOR SHAREHOLDERS IN RESTRICTED TERRITORIES* BRAIT SE - DEADLINE HAS BEEN EXTENDED TO 17H00 (SAST)/15H00...

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  BRIEF-Brait SE Announces Underwritten Renounceable Rights Offer

  Jan 21 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - RIGHTS OFFER DECLARATION AND FINALISATION ANNOUNCEMENT: FULLY COMMITTED AND UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER* BRAIT - TO...

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  BRIEF-Brait SE Announces Completion Of New Convertible Bond Offering, Concurrent Repurchase Of GBP180 Mln Outstanding Bonds

  Nov 28 (Reuters) - Brait SE BATJ.J :* COMPLETION OF NEW CONVERTIBLE BOND OFFERING AND CONCURRENT REPURCHASE OF GBP180 MILLION OUTSTANDING BONDS* PLACEMENT OF GBP150 MILLION OF...

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  UPDATE 1-South Africa's rand firms on risk-on mood, stocks inch up

  (Updates rand, bonds prices; adds stocks)JOHANNESBURG, Nov 27 (Reuters) - South Africa's rand firmed on Wednesday, tracking its emerging market peers after comments from U.S. President...

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  BRIEF-Brait SE Reports HY Basic Headline Loss Per Share Of 20 Euro Cents

  Nov 27 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2019* BRAIT SE - NAV PER SHARE AT 30...

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  BRIEF-Brait SE Says Approved Recapitalisation Plan To Reduce Net Debt By Up To ZAR5,300 Mln

  Nov 27 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - RECAPITALISATION OF BRAIT, INTRODUCTION OF NEW ADVISOR, NEW STRATEGY AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT* BRAIT SE - BOARD...

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  BRIEF-Brait Says Top Shareholder Christo Wiese Disposes 27.3 Mln Shares To Mergence For R15.40 Cash Per Share

  Sept 30 (Reuters) - Brait SE BATJ.J :* BRAIT - TOP SHAREHOLDER TITAN, REPRESENTED BY CHRISTO WIESE, ENTERED DEAL ON 25 SEPT TO DISPOSE 27.3 MILLION SHARES IN CO TO MERGENCE FOR R15.40...

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  BRIEF-Brait SE Engaged In An Extensive Process To Materially Reduce Debt

  Sept 23 (Reuters) - Brait SE BATJ.J :* TITAN HAS CONFIRMED TO BOARD IT INTENDS TO REMAIN A SIGNIFICANT AND STRATEGIC SHAREHOLDER IN BRAIT* BOARD OF BRAIT AND BRAIT'S CORPORATE...

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  BRIEF- New Look Q1 loss narrows to 2.7 mln pounds

  Sept 11 (Reuters) - Brait SE BATJ.J :* Q1 STATUTORY LOSS BEFORE TAX IMPROVED BY 12.8 MILLION POUNDS TO 2.7 MILLION POUNDS FOLLOWING RESTRUCTURING* Q1 CORE TOTAL REVENUE 258.3 MILLION...

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  BRIEF-Brait Says Investec's Total Beneficial Interest In Co Is Now In Excess Of 5% Of Co's Ordinary Shares

  Aug 15 (Reuters) - Brait SE BATJ.J :* BRAIT SE - INVESTEC'S TOTAL BENEFICIAL INTEREST IN COMPANY IS NOW IN EXCESS OF 5% OF BRAIT'S ORDINARY...

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  BRIEF-Brait Proposes New Equity Ownership Plan

  July 1 (Reuters) - Brait SE BATJ.J :* PROPOSED NEW EQUITY OWNERSHIP PLAN* PLAN INVOLVES CREATION OF A NEW CLASS OF SHARE* TO SEEK SHAREHOLDER APPROVAL FOR NEW EQUITY OWNERSHIP PLAN FOR...

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  CORRECTED-UPDATE 1-New Look losses mount as Brexit, rains keep shoppers away

  (Corrects to say Brait is New Look's largest shareholder, not owner, in second paragraph. Corrects to say the debt-for-equity swap was completed in May, not expected to be completed...

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  New Look losses mount as Brexit, rains keep shoppers away

  June 25 (Reuters) - British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept shoppers out of its stores.New Look,...

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  BRIEF-Brait SE Says FY Basic Headline Loss 2,219 Cents Per Share

  June 18 (Reuters) - Brait SE BATJ.J :* FY HEADLINE LOSS PER SHARE BASIC 2,219 CENTS VERSUS 2,092 CENTS* FY INTEREST INCOME 377 MILLION RAND VERSUS 287 MILLION RAND...

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  BRIEF-Brait Expects NAV Between 40.75 Zar And 42.75 Zar At March 31

  May 23 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - TRADING STATEMENT: YEAR ENDED 31 MARCH 2019* BRAIT SE - REPORTED NET ASSET VALUE PER SHARE AT 31 MARCH 2019 IS ANTICIPATED TO BE...

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  BRIEF-Brait Announces Completion Of New Look's Balance Sheet Restructuring

  May 3 (Reuters) - Brait SE BATJ.J :* ANNOUNCEMENT OF THE COMPLETION OF NEW LOOK'S BALANCE SHEET RESTRUCTURING* NEW LOOK'S LONG-TERM DEBT HAS BEEN SIGNIFICANTLY REDUCED FROM GBP1,350...

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  UPDATE 1-South Africa's rand falls on risk aversion, stocks steady

  (Updates prices, adds analyst)JOHANNESBURG, March 22 (Reuters) - South Africa's rand fell on Friday, alongside other emerging-market currencies, after disappointing economic data from...

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  BRIEF-Brait SE Says BML To Buy 36.4 Mln Pledged Shares From Fleet & Investment Team Borrowers

  March 22 (Reuters) - Brait SE BATJ.J : * CLOSE-OUT OF FLEET * BML TO BUY 36.4 MILLION PLEDGED SHARES FROM FLEET & INVESTMENT TEAM BORROWERS AT VOLUME WEIGHTED AVERAGE PRICE OF BRAIT...

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  CORRECTED-UK's New Look year to date revenue down 5 pct

  (Corrects figure in paragraph four to 1.016 billion pounds.)LONDON, Feb 13 (Reuters) - British fashion chain New Look on Wednesday reported a 5 percent fall in revenue for the first three...

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  BRIEF-UK's New Look year to date revenue down 5 pct

  Feb 13 (Reuters) - New Look BATJ.J :* Q3 YEAR TO DATE REVENUE DOWN 5.0 PERCENT TO 1.016 BILLION STG, SAYS IN LINE WITH EXPECTATIONS GIVEN FOCUS ON DRIVING MORE PROFITABLE SALES* SAYS BRAND...

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  BRIEF-Brait SE Says New Look Has Received 80 Mln Stg Interim Funding Support

  Jan 30 (Reuters) - Brait SE BATJ.J :* BRAIT SE - NEW LOOK HAS RECEIVED £80 MILLION INTERIM FUNDING SUPPORT TO ALLOW TRANSACTION TO BE IMPLEMENTED* BRAIT SE - NEW LOOK RETAIL GROUP...

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  BRIEF-Brait Says Virgin Active Signed New Contract With Discovery Vitality

  Jan 28 (Reuters) - Brait SE BATJ.J :* JSE: BAT (LON:BATS) - VOLUNTARY ANNOUNCEMENT: VIRGIN ACTIVE CONCLUDES NEW VITALITY CONTRACT* BRAIT SE - VIRGIN ACTIVE HAS SIGNED A NEW CONTRACT WITH...

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  African Markets - Factors to watch on Jan. 15

  The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday.- - - - -GLOBAL MARKETS Asian...

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  UPDATE 1-South African rand treads water; Brait sends stocks lower

  (Updates throughout)JOHANNESBURG, Jan 14 (Reuters) - The South African rand was little changed on Monday as investors awaited closely watched data releases including mining output later in...

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  BRIEF-Brait Se Says New Look's Long-Term Debt To Be Reduced From £1,350 Mln To £350 Mln

  Jan 14 (Reuters) - Brait SE BATJ.J :* NEW LOOK'S AGREEMENT IN PRINCIPLE WITH A GROUP OF SENIOR SECURED NOTEHOLDERS ON TERMS OF BALANCE SHEET RESTRUCTURING* NEW LOOK'S LONG-TERM DEBT...

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  UPDATE 1-UK retailer New Look's restructuring to cut debt by 1 bln stg

  (Adds detail) LONDON, Jan 14 (Reuters) - Struggling British fashion retailer New Look has agreed a restructuring with debtholders to cut its debt by 1 billion pounds ($1.28 billion) as it...

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  UK retailer New Look's restructuring to cut debt by 1 bln stg

  LONDON, Jan 14 (Reuters) - British fashion group New Look said on Monday it had agreed a restructuring with debtholders to deleverage and strengthen its balance sheet.New Look, which is...