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Clarkson PLC (LSE:CKN) has told investors that its underlying profit before tax for the year ended 31 December 2025 is now expected to be not less than £90 million. This reflects stronger results in the second half of the year, it said.
Clarkson PLC (LSE:CKN) shares rose almost 7% after the shipping broker reported first-half results slightly ahead of expectations, though profits were lower due to falling freight rates and macroeconomic uncertainty. The FTSE 250-listed group reported underlying profit before tax of £39.4 million, down 23.5% from a year earlier, as revenue declined 4% to £297.8 million.
Clarkson's share price declined 15% amid US tariffs and FX headwinds, but the business remains profitable with a robust, asset-light model. 2024 results show resilient free cash flow, a strong net cash position, and a 20+ year record of annual dividend increases with a conservative payout ratio. FX volatility, especially USD/GBP, is the primary risk as most revenue is USD-denominated, but the underlying business remains fundamentally sound.
Clarkson PLC (LSE:CKN) shares sank 12% to 2,890p after the shipping services group cut its full-year profit guidance due to the effects of global trade tensions and currency headwinds. The FTSE 250-listed group cut its full-year profit guidance to a range of £85 million to £95 million Having already warned alongside annual results in mid-March that regional conflicts and trade tensions were "creating uncertainty" and hitting freight rates and asset values, Clarkson's fresh update noted that uncertainty has escalated.
Shares in Clarkson PLC (LSE:CKN) fell 17% after the shipping services group reported an excellent set of results but warned of the geopolitical uncertainty as US tariffs cloud the outlook. Chief executive Andi Case hailed record results for 2024 as he called it "another year of disruption, complexity and opportunity for global shipping markets".
Clarkson PLC (LSE:CKN), the shipbroker, said today announces that results for the year ending 31 December 2024, are now anticipated to be slightly ahead of current market expectations. Underlying profit before tax, subject to audit, is now expected to be not less than £115 million, the group said in a brief statement.
Ship broker Clarkson PLC (LSE:CKN) reported lower sales and profit in the first half of the year but hiked its interim dividend 7% as it hailed the favourable demand and supply dynamics in the shipping industry. The FTSE 250 group declared a 32p per share interim dividend, up from 30p a year ago.
Digital bank Allica is the UK's fastest growing business according to a new survey of the UK's rising stars after notching up growth of almost 537% over three years. Clive Henry Group, a Birmingham-based healthcare was second with average annual sales more than tripling, while food supplement brand Rheal, CBD drinks and oils maker Trip and health supplements brand Ancient + Brave asl featured in the top five.
IRVINE, Calif.--(BUSINESS WIRE)--BSH Home Appliances Corporation, manufacturer of Gaggenau, Thermador, and Bosch branded kitchen appliances, today announced the appointment of Darcy Clarkson as CEO of Region North America. In his new role, Clarkson joins BSH and is responsible for driving the company's growth and managing business operations, leveraging his extensive experience as a global consumer technology executive. Darcy joins BSH having served as Senior VP and GM, Appliances (Consumer and.
Clarkson PLC is a UK-based company in the shipping industry, generating the majority of its revenue from shipbroking services. That division reported a 4% increase in revenue in 2023. Clarkson has a strong cash position and an asset-light business model, making it an attractive investment in the shipbroking industry.
Clarkson saw record profits as its ship-broking arm got a boost from energy supply concerns and the disruption in the Red Sea. Profits in 2023 rose to £108.8 million (from £100.1 million) while revenues climbed 6% to £639 million.