{"id":2027032,"date":"2019-03-05T07:05:04","date_gmt":"2019-03-05T07:05:04","guid":{"rendered":"http:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2027032"},"modified":"2019-03-05T07:05:04","modified_gmt":"2019-03-05T07:05:04","slug":"manufacturers-shares-rise-35","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35","title":{"rendered":"Manufacturer&#8217;s shares rise 35%"},"content":{"rendered":"<p>Shares in Tandem Group enjoyed their best day in five years, rising 35% on the back of an upbeat trading update.<\/p>\n<p>The Birmingham-based manufacturer of sports equipment and toys has bounced back from the impact of the Toys R Us.<\/p>\n<p>Although 2018 revenue was down 12% to \u00a332.5m, it said pre-tax profit would be &#8220;only marginally behind&#8221; 2017, when it made \u00a31.89m.<\/p>\n<p>It was a positive update, given the 30% drop in revenues it had previously reported for the first six months of 2018.<\/p>\n<p>Its shares closed at 155p last night, returning it to the levels seen last June.<\/p>\n<div class=\"visualizer-front-container\" id=\"chart_wrapper_visualizer-2027033-1626264356\"><style type=\"text\/css\" name=\"visualizer-custom-css\" id=\"customcss-visualizer-2027033\">.locker,.locker-loader{position:absolute;top:0;left:0;width:100%;height:100%}.locker{z-index:1000;opacity:.8;background-color:#fff;-ms-filter:\"progid:DXImageTransform.Microsoft.Alpha(Opacity=80)\";filter:alpha(opacity=80)}.locker-loader{z-index:1001;background:url(https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-content\/plugins\/visualizer\/images\/ajax-loader.gif) no-repeat center center}.dt-button{display:none!important}.visualizer-front-container.visualizer-lazy-render{content-visibility: auto;}.google-visualization-controls-categoryfilter label.google-visualization-controls-label {vertical-align: middle;}.google-visualization-controls-categoryfilter li.goog-inline-block {margin: 0 0.2em;}.google-visualization-controls-categoryfilter li {padding: 0 0.2em;}.visualizer-front-container .dataTables_scrollHeadInner{margin: 0 auto;}<\/style><div id=\"visualizer-2027033-1626264356\" class=\"visualizer-front  visualizer-front-2027033\"><\/div><!-- Not showing structured data for chart 2027033 because description is empty --><\/div>\n<p>Tandem Group has extended its portfolio of licenses with The Walt Disney Company, expanding its range of Disney and Marvel products which now includes Frozen, Toy Story, Spider-Man, Lion King, Disney Princess and Avengers.<\/p>\n<p>In a statement, it said: &#8220;We are optimistic about the outlook for 2019. Whilst we are mindful of macro-economic uncertainties, we expect to achieve significant turnover growth and we continue to be extremely confident in our ability to deliver profitability to our shareholders.&#8221;<\/p>\n<p>Last June it revealed sales were down 30% year-on-year because of the demise of Toys R Us and other customers carrying forward stock.<\/p>\n<p>Its share price fell, and at Friday&#8217;s close of 110p remained 30% below its high of last June.<\/p>\n<p>However the business is much more positive about its prospects for 2019.<\/p>\n<p>It said: &#8220;The year has started very strongly for the Group, principally driven by the MV Sports &amp; Leisure business where the forward order book is considerably ahead of the same time last year.<\/p>\n<p>&#8220;We have secured additional business with several national retailers and expect to increase revenue, based on current listings, with a number of others.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales momentum cheered investors after coming through difficult period<\/p>\n","protected":false},"author":18,"featured_media":1746585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"coauthors":[81],"class_list":["post-2027032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manufacturer&#039;s shares rise 35% | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Sales momentum cheered investors after coming through difficult period\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturer&#039;s shares rise 35% | TheBusinessDesk.com\" \/>\n<meta property=\"og:description\" content=\"Sales momentum cheered investors after coming through difficult period\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35\" \/>\n<meta property=\"og:site_name\" content=\"West Midlands\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-05T07:05:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35\",\"name\":\"Manufacturer's shares rise 35% | TheBusinessDesk.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg\",\"datePublished\":\"2019-03-05T07:05:04+00:00\",\"dateModified\":\"2019-03-05T07:05:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\"},\"description\":\"Sales momentum cheered investors after coming through difficult period\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manufacturer&#8217;s shares rise 35%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/\",\"name\":\"West Midlands\",\"description\":\"Regional business news for West Midlands\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\",\"name\":\"Alex Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"caption\":\"Alex Turner\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Manufacturer's shares rise 35% | TheBusinessDesk.com","description":"Sales momentum cheered investors after coming through difficult period","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35","og_locale":"en_GB","og_type":"article","og_title":"Manufacturer's shares rise 35% | TheBusinessDesk.com","og_description":"Sales momentum cheered investors after coming through difficult period","og_url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35","og_site_name":"West Midlands","article_published_time":"2019-03-05T07:05:04+00:00","og_image":[{"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg","width":1,"height":1,"type":"image\/jpeg"}],"author":"Alex Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alex Turner","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35","name":"Manufacturer's shares rise 35% | TheBusinessDesk.com","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg","datePublished":"2019-03-05T07:05:04+00:00","dateModified":"2019-03-05T07:05:04+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d"},"description":"Sales momentum cheered investors after coming through difficult period","breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/oct_10\/businessdesk__1286781039_Shares.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2027032-manufacturers-shares-rise-35#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/westmidlands\/"},{"@type":"ListItem","position":2,"name":"Manufacturer&#8217;s shares rise 35%"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#website","url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/","name":"West Midlands","description":"Regional business news for West Midlands","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/westmidlands\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d","name":"Alex Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/westmidlands\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633","url":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","caption":"Alex Turner"},"url":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/author\/alexturner"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2027032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/comments?post=2027032"}],"version-history":[{"count":0,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/posts\/2027032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media\/1746585"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/media?parent=2027032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/categories?post=2027032"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/westmidlands\/wp-json\/wp\/v2\/coauthors?post=2027032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}