11-Mar-2019 09:20 AM
JP Morgan Cazenove today downgrades its investment rating on Redde (LON:REDD) to neutral (from overweight) and cut its price target to 111p (from 189p).
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08-Mar-2019 01:28 PM
Accident management support group Redde downgraded its 2020 revenue and earnings guidance after it had failed to secure the renewal of a key hire and repair contract with a large insurer it didn't name.
The existing contract ran through into the nex
27-Feb-2019 09:10 AM
Accident management services provider Redde posted a 7.2% rise in first-half profit after it experienced a boost in credit hire and repair cases.
Pre-tax profit for the six months through December rose to £21.3m, as revenue rose 15% TO £291.1
18-Dec-2018 01:57 PM
Motor accident management support group Redde said a positive start to the year mentioned in September had carried through into December.
Sales were again showing an increase over the corresponding period last year, reflecting continued growth in trading
24-Oct-2018 09:29 AM
Motor accident management support group Redde said its trading profits had risen so far in the current financial year.
'The positive start to the new financial year, which I described in my statement of 5 September, has continued since that date,&ap
07-Sep-2018 02:40 PM
JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 207p (from 197p).
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28-Jun-2018 08:37 AM
Support services firm Redde has announced that, further to its trading update made on 26 April 2018, trading in the final quarter ending 30 June 2018 has continued the positive trend shown in the first nine months of the year.
As a result it remains con
26-Apr-2018 08:04 AM
Redde has confirmed that the strong outlook reported in its interim results announcement on 1 March has continued.
Increased underlying trading volumes recorded in the first half year have been sustained throughout the third quarter.
Indications are th
01-Mar-2018 09:45 AM
Redde achieved an adjusted profit before tax of £21.9 million in the six months to 31 December 2017, an increase of 11.2%.
Revenues were £253.3m, an increase of 11.5%, reflecting a 24.8% growth in the number of credit hires and a 0.5% increas
18-Dec-2017 07:18 AM
Redde said the positive start to the year it mentioned in September has continued through into December.
Sales continued to show an increase over the corresponding period last year, reflecting growth in trading volumes, the company said.
As a consequenc
25-Oct-2017 03:03 PM
Redde has confirmed that 6 ordinary and 3 special resolutions were passed by shareholders at today's Annual General Meeting.
At 3:03pm: (LON:REDD) Redde share price was -0.5p at 158.25p
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25-Oct-2017 09:44 AM
Redde said the positive start to the financial year announced September 6 has continued.
Sales have shown an increase over the previous corresponding period due to continued growth in trading volumes, chairman Avril Palmer-Baunack said in speech notes fo
08-Sep-2017 10:20 AM
JP Morgan Cazenove today reaffirms its overweight investment rating on Redde (LON:REDD) and raised its price target to 197p (from 193p).
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07-Sep-2017 07:30 AM
Redde announced adjusted profit before taxation rose by 16% to £40m (2016: £34.6m) in the year to 30 June 2017.
Turnover was £472.3m (2016: £379.2m), an increase of 25% including LFL increase of 19%.
FINANCIAL HIGHLIGHTS:
- Adju
01-Sep-2017 10:30 AM
JP Morgan Cazenove today initiates coverage of Redde (LON:REDD) with a overweight investment rating and price target of 193p.
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29-Jun-2017 07:24 AM
Redde sees its adjusted operating profits for the financial year to 30 June 2017 in line with market expectations.
Since its update in April, trading for the final quarter ending 30 June 2017 had continued the positive trend shown in the first 9 months o
27-Apr-2017 09:52 AM
Redde said the positive outlook reported in its interim results was amply justified, with the increased trading volumes recorded in H1 being sustained throughout Q3.
"Indications are that this trend has been maintained during April and the Board re
30-Jun-2016 07:06 AM
Redde (REDD) continued the positive trend shown in the first nine months of the year.
Indications are that the operating results before exceptional costs for the financial year ending 30 June 2016 are likely to slightly exceed market expectations.
On 24
27-Nov-2015 02:03 PM
The Board of Redde has noted the comments made in the Autumn Statement on 25 November 2015 regarding compensation claims for minor whiplash injury and has provided shareholders with clarification concerning its personal injury legal business.
The Chancel
03-Sep-2015 07:16 AM
Redde has more than doubled its FY pretax profit to £24.3m, from a year-ago profit of £10.5m. Total revenue was £248.67m, from £197.42m. Recommended final dividend was 4.25p a share, from 3.5p.
'The Group has continued to make very good progress
29-Jun-2015 07:24 AM
Redde said Q4 trading has continued the positive trend shown in the first 9 months of the year. Indications are that the operating results before exceptional costs for the financial year ending 30 June 2015 are likely to exceed the upper end of market exp
27-Apr-2015 07:50 AM
Redde said the encouraging start to the second half of the Company's financial year has continued with strong trading volumes for the third quarter of the financial year leading to operating profits exceeding the Board's expectations.
Cash coll
16-Dec-2014 07:28 AM
Redde said trading profits for the six months to 31 December 2014 are now expected to be materially ahead of our earlier expectations and significantly ahead of the corresponding period last year.
Cash generation has continued to be strong and after paym
04-Sep-2014 09:18 AM
Redde, (formerly Helphire Group) has reported a year of strong growth, cash generation and an increased dividend for the year ended 30 June 2014.
It also says that the current year started well.
Adjusted operating profit was £11.6m (2013: £8.0m)
The
03-Jul-2014 07:42 AM
Redde plc said trading results for the final quarter continued the positive trend shown in the first 9 months of the year and indications are that the operating results before exceptional costs for the financial year ended 30 June 2014 are likely to excee