Walker Greenbank surges another licensing deal with Next

Walker Greenbank PLC (LON:WGB) shares were up 12% at 67.5p after the upmarket interior furnishings group signed a licensing agreement with Next PLC (LON:NXT).

This agreement, which is for an extensive range of clothing, homeware and accessories for an initial term of two and a half years, follows the collaboration between Next and Walker Greenbank’s Scion brand announced earlier this year.

“We are delighted to be working with Walker Greenbank to develop new products for these wonderful brands. We believe that the combination of their exceptional design work with NEXT’s product development, online and retail infrastructure can deliver some new and very exciting product ranges,” said Simon Wolfson, the chief executive of Next.

Totally PLC (LON:TLY) jumped 5.8% to 18.25p after it posted a sharp increase in adjusted underlying earnings (EBITDA).

EBITDA in the six months to the end of September rose to £2.3mln from £1.3mln the year before on turnover that rose to £43.1mln from £49.2mln.

The provider of healthcare services said it continues to see increases in demand for some services as a direct result of the coronavirus (COVID-19) and expects this trend to continues during the second national lockdown in the UK.