James Latham PLC

At the annual general meeting, James Latham shareholders approved all resolutions, including the directors’ report and the financial statements for the year ended 31 March 2026 and the final dividend recommended by the board. Eight directors were re-elected or newly elected, with high approval rates for Fabian French, Paula Kerrigan, Jolyon Barker and Nick Widlinksi. RSM UK Audit LLP was reappointed as auditor, and several corporate governance and capital measures, including authority to issue and to buy back own shares, were passed by a large majority. » Más en de.investing.com

James Latham reported revenue of £146m for the first four months to July 31, up 9.8% from £133m a year earlier, with volumes rising 5.6%. The company attributes part of the growth to supplier price increases driven by higher energy and oil costs, which have now stabilised, and does not expect further price rises. Margins are in line with the level in the second half of the previous year, overheads are under control and net profit is within market expectations; the new national distribution centre remains on schedule and on budget, due for completion by the end of 2026 and full commissioning by the end of 2027. » Más en de.investing.com

James Latham PLC has received approval for a national distribution centre in East Anglia; the total investment is £45 million. The company will fund the project from cash resources, plans a 300,000-square-foot warehouse equipped with warehouse-management technology, and expects improvements in supply security, product range and domestic UK distribution. » Más en de.investing.com