UK's Angling Direct gains after naming new CEO, CFO

Angling Direct

16/05/2023 12:25

** Shares of fishing tackle and equipment retailer Angling
Direct  ANG.L  up as much as 11.5% to 29p; hits highest level in
over two months
    ** Co appoints Sam Copeman as CFO, who will be joining the
group on June 5
    ** CEO Andy Torrance to step down and take up role of
non-executive chairman, co says 
    ** Adds Steve Crowe, current CFO, to replace Torrance as CEO
    ** ANG expects first-quarter sales to rise 11%, with growth
across all channels and accelerated expansion of sales in Europe
    ** FY revenue rises 2.2% to 74.1 mln pounds ($93.52 mln) 
    ** Co's shares up 16% so far this year as of last close


($1 = 0.7923 pounds)

 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))