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Coats Group PLC (COA) is a multinational manufacturer and distributor of sewing thread, zips, fasteners, and other related supplies. Headquartered in Uxbridge, Middlesex, the company is a constituent of the FTSE 250 Index. The Coast Group share price has been listed on the London Stock Exchange since 1890.
The roots of the company trace back to 1755, Scotland, where Clark brothers, James and Patrick, founded a small silk thread and loom equipment business. The first cotton manufacturing factory was opened by the two in 1812. Later, they expanded their business to the US. In 2018, Coasts Group annual revenue was over $1.4 billion.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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