Overcast

Overcast

max temp: 23°C

min temp: 18°C

Search
Archant Local Impact

‘Beast from the East’ could impact Goals Soccer Centres’ results

PUBLISHED: 15:01 19 July 2018 | UPDATED: 15:02 19 July 2018

The Goals Soccer Centre in Norwich. Picture: Archant

The Goals Soccer Centre in Norwich. Picture: Archant

Archant © 2011

Goals Soccer Centres shares have slumped after the firm said its sales were knocked by the Beast from the East.

The firm, which runs football centres in the US and UK, including in Norwich and Ipswich, said its results would be “materially below” analysts’ expectations or the full year, knocking its shares by more than 20% to 19p.

For the first half of the financial year, sales fell 3% to £16.1m, due to the impact of “extreme weather conditions” in the first quarter, which the company said had a substantial knock-on effect in the second quarter.

The sales impact was due to amateur 11-a-side games being deferred following the bad weather on to dates when 5-a-side teams were due to be playing.

Andy Anson, Goals Soccer Centres chief executive, said: “The investment strategy that is being executed is improving the underlying performance of the clubs.

“However, frustratingly, the first half was impacted by the snow and its significant after-effects, which masks the performance of the business where positive trends are clear.”

Search hundreds of local jobs at Jobs24

Office Outlet’s stores in Ipswich, Colchester and Chelmsford may be the latest victims of retail slump, as the company is expected to launch a Company Voluntary Arrangement (CVA) today that will involve shutting down some of its 97 stores nationwide.

A subsidiary of Witham-based Bairds Malt has bought a Yorkshire competitor in an undisclosed-value deal.

Browse the list of companies owed money by House of Fraser – including East Anglian firms left nearly £500,000 out of pocket.

Persimmon will unveil results for the first half of the year this week, with investors keen to hear management’s view on whether the increase in interest rates is starting to impact sales.

Hilary Collins, the managing director of award-winning Colchester-based PR consultancy, Big Wave PR will be walking 286 miles over cliffs, beaches and rocks around the Cornish coastal path to raise funds for Gt Ormond Street Hospital.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24