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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Bloomsbury Publishing inks new long-term supply deal with Amazon
(Sharecast News) - Bloomsbury Publishing announced a new long-term supply agreement with Amazon on Friday, reinforcing its ongoing relationship with the global e-commerce giant.
Rolls-Royce awarded £9bn MoD nuclear submarine contract
(Sharecast News) - Rolls-Royce said on Friday that it has been awarded the biggest UK Ministry of Defence (MoD) contract in its history.
Paragon Bank holds guidance as Q1 margin ahead of expectations
(Sharecast News) - Specialist buy-to-let mortgage lender Paragon Bank held annual guidance and said first-quarter margins had been running above expectations.
The Works trims first-half losses, reiterates full-year guidance
(Sharecast News) - Arts, crafts, books and stationery retailer The Works trimmed losses in the first half on the back of cost savings and actions taken to grow product margins, as the company reiterated profit guidance for the full year.
Citi downgrades Anglo American to 'neutral'
(Sharecast News) - Citi downgraded Anglo American on Friday to 'neutral' from 'buy' and cut the price target to 2,800p from 3,000p as it said that sum of the parts upside appears limited.
IQE expands partnership with Quintessent amid AI demand boom
(Sharecast News) - Compound semiconductor wafer products supplier IQE announced the expansion of its partnership with Quintessent on Friday, to establish the world's first large-scale quantum dot laser and semiconductor optical amplifier epitaxial wafer supply chain.
Burberry reports improving Q3 momentum as sales decline slows
(Sharecast News) - The rate of sales decline at Burberry eased significantly in the luxury fashion brand's third quarter as recent actions to turn the business around started to bear fruit.
Citi cuts JD Sports to 'neutral'
(Sharecast News) - Citi downgraded its stance on JD Sports on Thursday to 'neutral' from 'buy' and cut its price target to 95p from 150p as it pointed to a weaker growth outlook.
Sainsbury's to cut 3,000 jobs as it closes cafes, hot food counters
(Sharecast News) - Sainsbury's said on Thursday that it would be cutting 3,000 jobs, including a 20% reduction of senior management roles, as it closes its remaining patisserie, hot food and pizza counters.
UK watchdog to probe Google, Apple over mobile ecosystems
(Sharecast News) - The UK competition watchdog has launched an investigation into Google and Apple's dominance across smartphone ecosystems, it confirmed on Thursday.
JPMorgan cuts Inchcape to 'neutral', places on 'negative catalyst watch'
(Sharecast News) - Inchcape tumbled on Thursday as JPMorgan Cazenove downgrades shares of the car dealership to 'neutral' from 'overweight' and slashed the price target to 800p from 1,050p.
FCA warns of gaps in brokers' money laundering controls
(Sharecast News) - The UK's financial watchdog said on Thursday that wholesale brokers must do more to improve their money laundering safeguards.
Boku reports strong full-year trading
(Sharecast News) - Payment solutions specialist Boku reported strong trading in a full-year update on Thursday, with group revenue set to exceed $99m, representing year-on-year growth of about 20%.
Shore Capital sees major upside at Spectris if targets are hit
(Sharecast News) - Shore Capital has reiterated its 'buy' rating for Spectris after an encouraging update from the precision instruments group on Thursday, saying it sees the potential for a material ratings upgrade.
Citi upgrades Auto Trader to 'buy' from 'neutral'
(Sharecast News) - Citi upgraded Auto Trader to 'buy' from 'neutral' on Thursday and lifted the price target to 946p from 881p as it said it was in "pole position to outperform".
Berenberg slashes target price on Angle
(Sharecast News) - Analysts at Berenberg slashed their target price on liquid biopsy specialist Angle from 70.0p to 40.0p on Thursday but said the group was "repositioned for growth" in FY25.
Shepherd Neame launches buyback, reports strong festive sales
(Sharecast News) - Kent-based brewer Shepherd Neame has unveiled a £0.5m share buyback programme as it reported strong Christmas trading, helped by record takings from a number of pubs.
Friday preview: Global PMIs, BoJ in focus
(Sharecast News) - Investors' attention at the end of the week will be on a raft of purchasing managers' surveys due out in the euro area, US and UK.
Ferrexpo reports end of Kysen legal proceedings
(Sharecast News) - Switzerland-based iron ore miner Ferrexpo has announced that legal proceedings against its Ukrainian subsidiary have finally been resolved after 10 months.
Mortgage Advice Bureau sees FY profit above consensus
(Sharecast News) - Shares in Mortgage Advice Bureau sparked on Thursday after the financial services firm said full-year pre-tax profit was set to be above consensus expectations and that it had outperformed the market.
Kooth CEO steps aside, annual profits to beat forecasts
(Sharecast News) - Kooth, the youth digital mental healthcare company, has reported that its boss Tim Barker is to step down later this year, ahead of its annual results which are expected to show that profits beat market forecasts.
Norges Bank keeps rates at 4.5%, sees cut in March
(Sharecast News) - Norway's central bank kept interest rates unchanged on Thursday at a 17-year high of 4.5%, as it said rates will likely be cut in March.
IQE lifts guidance, shares jump
(Sharecast News) - Shares in British semiconductor wafer maker IQE jumped on Thursday after the company reported that 2024 profits would beat expectations.
Workspace reports rise in rents, softer occupancy in Q3
(Sharecast News) - Workspace Group reported a 1.1% increase in like-for-like rent per square foot to £47.54 for its third quarter on Thursday, reflecting continued pricing momentum despite softer occupancy levels.
Energean sales and profitability grow in FY24
(Sharecast News) - Exploration and production firm Energean said on Thursday that FY24 marked another year of growth in both sales and profitability.
Mitie delivers record revenues in Q3
(Sharecast News) - Outsourcing group Mitie said on Thursday that it had delivered record quarterly revenues in the three months ended 31 December, reflecting "strong organic growth" throughout the period.
THG to return to growth this year after in-line 2024
(Sharecast News) - Ecommerce group THG said it expects a return to growth in 2025 for its remaining businesses after the demerger of its tech division Ingenuity, with underlying trends picking up in its end-markets.
CMC Markets tumbles after very short update
(Sharecast News) - Shares in CMC Markets tumbled on Thursday after the trading platform issued a very brief trading update, saying it remains on track to deliver annual net operating income in line with previous guidance.
Macquarie gets extension on Renewi bid deadline
(Sharecast News) - Australian bank Macquarie has been given an extension on its deadline to table a firm bid for waste management company Renewi to February 13 or walk away.
Capricorn Energy receives $50m from Woodside for Senegal interests
(Sharecast News) - Capricorn Energy said it had received $50m from Woodside Energy after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of its production sharing contract (PSC) interests in Senegal.
IG Group extends share buyback as interim profits rise
(Sharecast News) - Online trading platform IG Group reported a jump in interim profit on Thursday in "more supportive market conditions" and said it was extending its share buyback programme.
Gulf Keystone reports growth in full-year revenue, production
(Sharecast News) - Gulf Keystone Petroleum reported growth in revenue, production and shareholder returns in a full-year update on Thursday, with revenue reaching $151m, a 22% increase from the prior year's $124m.
SSP announces retirement of long-standing CFO
(Sharecast News) - Casual-dining hospitality group SSP has announced that its deputy chief executive and long-standing chief financial officer is to leave the company after two decades.
Spectris to top market forecasts with 2024 profits
(Sharecast News) - Precision instruments supplier Spectris said it expects to beat market expectations with its 2024 results.
Primark cuts sales forecast on weak UK performance
(Sharecast News) - Clothing retailer Primark cut its sale growth target to low-single digits in fiscal 2025 after warmer autumn weather and cautious consumers dented UK revenues in the 16 weeks to January 4.
Thursday preview: Trump, Harbour Energy in the spotlight
(Sharecast News) - The market spotlight on Thursday will continue to be on the US President.
Beeks reveals Nasdaq as major Exchange Cloud customer
(Sharecast News) - Beeks Financial Cloud confirmed on Wednesday that Nasdaq is its major Exchange Cloud customer announced in February last year, with the service now live within Nasdaq's core data centre in Carteret, New Jersey.
Canaccord Genuity nudges up target price on Greatland Gold
(Sharecast News) - Analysts at Canaccord Genuity slightly raised their target price on exploration and development firm Greatland Gold from 17.0p to 19.0p on Tuesday as it updated its model on the stock following its December production figures.
Diploma and JTC among Berenberg's top industrial picks for 2025
(Sharecast News) - Berenberg has highlighted is key picks in the UK-listed industrials sector for 2025, saying it continues to favour "quality compounders" and cyclical stocks with good exposure to a recovery in end-markets.
ICG impresses with third-quarter AUM growth, fundraising
(Sharecast News) - Alternative asset manager Intermediate Capital Group impressed investors with a third-quarter update on Wednesday after reporting a 5.1% increase in assets under management and strong fundraising activity.
Hochschild Mining shares slump on cost rise forecast
(Sharecast News) - Shares in Hochschild Mining plunged on Wednesday after the South America-focused miner forecast higher production costs due to soaring inflation in Argentina and a slower-than-expected ramp up of operations at its Mara Rosa mine in Brazil.
Quilter shakes off Budget jitters to post bumper fourth-quarter numbers
(Sharecast News) - Wealth manager Quilter reported a jump in assets under management on Wednesday, after net inflows soared.
JPMorgan upgrades Aviva to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded Aviva on Wednesday to 'overweight' from 'neutral' and lifted the price target to 615p from 555p as it assessed the valuation upside from the Direct Line acquisition.
Great Portland reports solid third quarter with 15 new leases
(Sharecast News) - London-focused property group Great Portland Estates said it saw "strong leasing success" over the third quarter ended 31 December, with new leasing deals secured well ahead of estimated rental value (ERV).
Trainline welcomes government commitment to sector, shares slide
(Sharecast News) - Shares in Trainline were sliding on Wednesday morning, even after the UK government committed to a competitive private sector ticket retail market in the rail industry on Wednesday, as part of an update from the Department for Transport (DfT) regarding future online rail ticket retailing.
EnQuest acquires Harbour Energy's Vietnamese business
(Sharecast News) - Exploration and production firm EnQuest has agreed to acquire Harbour Energy's Vietnamese operations, which includes a 53.125% equity interest in the Chim Sáo and Dua production fields.
Wetherspoon sees £60m hit from wage, NIC rises
(Sharecast News) - UK pub chain Wetherspoons said increases in the minimum wage and employer national insurance contributions would cost £60m as it reported a 5.1% jump in like-for-like sales in the 25 weeks to January 19.
easyJet shares drop as Q1 revenues miss estimates
(Sharecast News) - Shares in easyJet were on the descent on Wednesday after the budget airline narrowly missed consensus forecasts for top-line growth in its first quarter, though losses more than halved year-on-year.
Wednesday preview: Public sector borrowing, Easyjet in focus
(Sharecast News) - Financial markets' focus in the middle of the week will be on the latest public sector net borrowing numbers.
Canaccord Genuity slightly raises target price on MP Evans
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on palm oil business MP Evans from 1,350.0p to 1,400.0p on Tuesday, stating the group was "continuing on the right path".
Berenberg drops target price on Essentra
(Sharecast News) - Analysts at Berenberg lowered their target price on essential components manufacturer Essentra from 200.0p to 170.0p on Tuesday, stating it had tempered its outlook for the group's FY25 trading performance.
Boohoo shareholders reject Frasers bid to remove co-founder
(Sharecast News) - Boohoo shareholders rejected an attempt by Frasers Group to remove co-founder Mahmud Kamani from the company's board on Tuesday.
4imprint reports full-year performance at upper end of forecasts
(Sharecast News) - 4imprint Group reported strong financial performance for the year ended 28 December in an update on Tuesday, with unaudited revenue expected to reach $1.37bn, representing a 3% increase from $1.33bn in the prior year.
XP Power revenues fall in FY24
(Sharecast News) - Critical power control components manufacturer XP Power said on Tuesday that it expects adjusted operating profits to still be within the £25.1m-27.6m range of current consensus expectations despite seeing both order intake and revenue fall in FY24.
Hopes of Treasury support boost car finance sector
(Sharecast News) - Shares in car finance providers rallied on Tuesday, after the government reportedly intervened in favour of the under-pressure industry.
Marston's delivers 'strong growth' over key festive trading period
(Sharecast News) - Pub landlord Marston's said on Tuesday that it had delivered "strong growth" over the key festive trading period, with continued confidence in delivering FY25 market expectations.
Shoe Zone FY profits drop after tougher second half
(Sharecast News) - Discount shoe retailer Shoe Zone posted a drop in full-year profit and revenue on Tuesday as it said the second half of the year was hit by weakening consumer confidence and unseasonal weather.
Kier Group ends first half as expected, launches £20m buyback
(Sharecast News) - Kier Group said in an update on Tuesday that trading for the first half of its financial year was in line with the board's expectations, with performance expected to be second-half weighted, consistent with prior years.
Alphawave IP reports most successful quarter ever for bookings
(Sharecast News) - Alphawave IP reported its most successful bookings quarter to date on Tuesday, securing $185.7m in new orders during the fourth quarter.
WAG Payment Solutions revenues grow in Q4, chairman to step down
(Sharecast News) - Freight and road payments processing business WAG Payment Solutions reported improved Q4 revenues on Tuesday, driven by sustained growth in its core divisions, and revealed that chairman Paul Manduca will be stepping down from the role at the conclusion of its next AGM.
Alpha Group shares jump on strong H2 performance
(Sharecast News) - Shares in Alpha Group surged on Tuesday after corporate financial solutions provider posted a strong end to the 2024 financial year with revenues rising by nearly a quarter.
Premier Foods flags strong full-year trading after solid third quarter
(Sharecast News) - Premier Foods said in an update on Tuesday that it now expected full-year trading at the top end of guidance, as it reported a 3.1% increase in group sales for the third quarter ended 28 December, with branded sales rising 4.6%.
Abrdn swings to fourth-quarter inflows, shares jump
(Sharecast News) - Shares in Abrdn sparked on Tuesday, after the asset manager returned to quarterly inflows and struck an upbeat note going forward, including backing its oft-mocked, vowel-free name.
Essentra FY adjusted operating profits seen in line with guidance
(Sharecast News) - Essential components manufacturer Essentra said on Tuesday that it expects FY adjusted operating profits to be in line with previous guidance and current analyst expectations of £39.8m to £40.3m.
Cranswick buys JSR Genetics, hails 'strong' Q3 revenue growth
(Sharecast News) - Cranswick backed its full-year expectations on Tuesday as it reported strong third-quarter revenue growth and announced the acquisition of UK pig genetics business JSR Genetics.
Elementis FY profit seen ahead of market views after strong Q4
(Sharecast News) - Elementis said on Tuesday that full-year operating profit was set to be ahead of market expectations following a strong fourth-quarter performance.
Tritax Big Box acquires Heathrow data centre development site
(Sharecast News) - Tritax Big Box announced the £70m acquisition of a 74-acre site within the Slough Availability Zone at Heathrow on Tuesday, to develop a major data centre project with a total potential capacity of 147 megawatts.
Tuesday preview: UK employment, Davos, Trump in focus
(Sharecast News) - Investors' focus on Tuesday would be on the latest UK employment figures.
Canaccord Genuity initiates coverage on Bango at 'buy'
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on sales and marketing technology group Bango with a 'buy' rating and a 244.0p per share target price on Monday.
Secret Escapes hires bankers to explore sale - report
(Sharecast News) - Online travel platform Secret Escapes has reportedly hired bankers to explore a sale nearly 15 years after its launch.
Berenberg lowers target pice on Judges Scientific
(Sharecast News) - Analysts at Berenberg lowered the target price on scientific instruments business Judges Scientific from 11,310.0p to 10,600.0p on Monday, citing "greater clarity" following the group's FY24 trading update.
Trainline shares slide on reports of possible wider contactless rollout
(Sharecast News) - Shares in Trainline were sliding on Monday, as it emerged that the UK government was planning to expand contactless pay-as-you-go travel across the country's railway network as part of the priorities for the new state-owned operator Great British Railways (GBR).
Jadestone Energy ends 2024 with record output rate
(Sharecast News) - Asia Pacific-focused oil group Jadestone Energy has announced that it exited 2024 at a record production rate of 24,000 barrels of oil equivalents per day (boe/d).
Pod Point FY revenues to miss guidance, shares tumble
(Sharecast News) - Pod Point tumbled on Monday as it warned that full-year revenues and net cash were set to be lower-than-expected due to ongoing weakness in the private new car segment of the electric vehicle market.
ESCT urges shareholder to vote down Saba's 'damaging' proposals
(Sharecast News) - The board of the European Smaller Companies Trust (ESCT) urged shareholders to vote against resolutions proposed by Saba Capital Management on Monday, citing concerns that Saba's proposals would fundamentally alter the company's investment strategy.
Me Group extends partnership with Morrisons supermarkets
(Sharecast News) - Me Group International announced on Monday that it has extended its partnership with Wm Morrison Supermarkets for a further five years, strengthening its presence across the UK.
Back-to-work mandates see active office occupation rise for Regional REIT
(Sharecast News) - Regional REIT reported on Monday that active office occupation across its portfolio had surpassed pre-pandemic levels, reflecting a continued return to the office as companies encouraged employees to return to physical workspaces.
Kenmare Resources flags strong full-year operational performance
(Sharecast News) - Kenmare Resources reported a strong operational performance for 2024 on Monday, with ilmenite production exceeding the midpoint of guidance and output of primary zircon, rutile, and concentrates surpassing the upper end of expectations.
Reach reports strong trading, finds £5m pension error
(Sharecast News) - Shares in Reach were rising on Monday morning, after it reported strong fourth-quarter trading leading it to expect full-year results ahead of current market expectations.
Jefferies 'cautiously optimistic' for UK industrials in 2025
(Sharecast News) - Jefferies has upgraded its rating for Spirax Group as part of its annual review of the listed UK industrials sector, while downgrading its stance on Smiths Group, XP Power and Judges Scientific.
KPMG facing FRC investigation over Entain audit
(Sharecast News) - The Financial Reporting Council (FRC) launched an investigation into KPMG on Monday, over its audit of Entain's 2022 financial statements.
Judges Scientific says outlook improving after 'difficult' 2024
(Sharecast News) - Scientific instruments conglomerate Judges Scientific has reassured investors that results for 2024 will be in line with expectations despite a "difficult year" for the company.
Citi upgrades National Grid to 'buy', SSE to 'neutral'
(Sharecast News) - Citi upgraded National Grid to 'buy' from 'neutral' on Monday following a period of share price underperformance, mostly driven by macro factors and flows.
PRS Reit reports rising rents as sale talks continue
(Sharecast News) - Private rented sector investor PRS Reit has hailed a "continued strong portfolio performance" in its second quarter with estimated rental value (ERV) from completed homes rising over the three months to 31 December.
AstraZeneca gets first US approval for cancer treatment Datroway
(Sharecast News) - AstraZeneca announced on Monday that it has secured approval from the US Food and Drug Administration, alongside Daiichi Sankyo, for 'Datroway', or datopotamab deruxtecan, a treatment for adult patients with previously treated, unresectable or metastatic hormone receptor-positive, HER2-negative breast cancer.
EU regulators expand usage of GSK's Jemperli cancer drug
(Sharecast News) - European regulators have expanded the usage of GSK's Jemperli drug for endometrial cancer, the pharmaceutical firm announced on Monday.
Wood Group wins maintenance contract with Esso Australia
(Sharecast News) - Wood Group on Monday said it had won a contract to provide long-term maintenance for Esso's onshore and offshore assets in Australia's Gippsland Basin.
Tekcapital raises £0.5m from existing shareholder
(Sharecast News) - UK-based intellectual property investment group Tekcapital announced the successful completion of a £0.5m share placing on Friday.
Canaccord Genuity lowers target price on Everyman following profit warning
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on cinema operator Everyman Media Group from 180.0p to 160.0p on Friday following the group's profit warning earlier in the morning.
RBC Capital cuts Taylor Wimpey price target, keeps 'outperform' rating
(Sharecast News) - RBC Capital Markets downgraded its target price on Taylor Wimpey to 155p from 175p after its latest trading statement.
Petershill Partners AuM rises in Q4
(Sharecast News) - Investment firm Petershill Partners said on Friday that aggregate partner-form assets under management had increased 3% during Q4 and 11% year-over-year.
Dunelm still a good defensive play despite Q2 weakness, says Berenberg
(Sharecast News) - Berenberg has reiterated its 'buy' rating for homeware retailer Dunelm despite a cool reaction to the company's trading update this week, saying it still sees the stock as a defensive investment.
McBride flags strong first half, plans to reinstate dividend
(Sharecast News) - Private-label and contract-manufactured cleaning and hygiene products maker McBride reported progress in revenue growth, profitability improvement and debt reduction in a trading update on Friday, confirming that it expected full-year performance to align with internal expectations.
Activist investor Engine Capital calls on Smiths to explore breakup
(Sharecast News) - Activist investor Engine Capital has called on Smiths Group to explore a breakup.
Evoke shares surge after profit upgrade
(Sharecast News) - Shares in Evoke surged on Friday as the William Hill and 888 owner said 2024 core profit would be at the upper end of its forecast range and ahead of market expectations, driven by its online business and punters losing their money during the fourth quarter.
Rio Tinto and Glencore rise on reports of merger talks
(Sharecast News) - Shares in Glencore and Rio Tinto were rising on Friday on the back of reports that the two companies have been discussing a potential merger.
Rio Tinto and Glencore rise on reports of merger talks
(Sharecast News) - Shares in Glencore and Rio Tinto were rising on Friday on the back of reports that the two companies have been discussing a potential merger.
Ninety One reports solid rise in assets under management
(Sharecast News) - Investment manager Ninety One reported an increase in assets under management on Friday, to £130.2bn as of 31 December.
Big Yellow to cut jobs as National Insurance changes bite
(Sharecast News) - Self-storage group Big Yellow delivered a cautious outlook on trading on Friday as it reported a decline in occupancy levels over the third quarter, and said it plans to cut jobs as it deals with higher National Insurance payments to employees from April.
DFS hails improved performance, warns over rising costs
(Sharecast News) - DFS Furniture hailed an improved performance on Friday but warned over rising costs due to changes announced in the recent Budget.
AstraZeneca's rare cancer drug Calquence gets US regulatory nod
(Sharecast News) - AstraZeneca has announced that its Calquence drug has been approved in the US when used alongside chemoimmunotherapy for patients with previously untreated mantle cell lymphoma (MCL).
Spirent Communications sees flat earnings after tough year
(Sharecast News) - Telecoms testing company Spirent Communications said it expected flat annual earnings and lower revenues after a "challenging" year but reported a strong uptick of order growth in the fourth quarter.
Friday preview: China data, UK retail sales in focus
(Sharecast News) - Investors' focus at the end of the week will shift to the People's Republic of China.
Freetrade faces investor backlash over sale to IG - report
(Sharecast News) - Online trading app Freetrade reportedly faces a backlash from early investors after announcing a £160m sale to IG Group - a fraction of the valuation it targeted during earlier fundraising talks.
AB Dynamics reports solid start to new financial year
(Sharecast News) - Advanced transport testing, simulation, and measurement specialist AB Dynamics reported solid trading performance for the first four months of the 2025 financial year on Thursday, in line with expectations.
Berenberg raises target price on Trustpilot
(Sharecast News) - Analysts at Berenberg raised their target price on reviews website operator Trustpilot from 270.0p to 330.0p on Thursday following a "positive FY24 trading update" from the group earlier this morning.
Ukraine police complete initial probe into four Ferrexpo Poltava managers
(Sharecast News) - Ukraine-focussed iron ore producer Ferrexpo updated the market on allegations against four senior managers at its Ferrexpo Poltava Mining (FPM) subsidiary on Thursday, following the completion of an initial police probe.
Citi downgrades Primark owner AB Foods to 'sell' from 'neutral'
(Sharecast News) - Citi downgraded Primark owner Associated British Foods to 'sell' from 'neutral' and cut the price target to 1,770p from 2,400p.
BP to slash 5% of global workforce
(Sharecast News) - BP is to slash its global workforce and axe contractor roles, it confirmed on Thursday, as part of ongoing plans to cut costs and boost profits.
Wise reports solid Q3, warns of some currency headwinds
(Sharecast News) - International money transfer specialist Wise reported a strong third-quarter performance on Thursday, with cross-border volumes rising 24% to £37.8bn, or 27% on a constant currency basis, although it warned that currency headwinds would limit its full-year income growth.
Savills delivers 'improved performance' in FY24
(Sharecast News) - Real estate firm Savills said on Thursday that it had delivered an "improved performance" in FY24, in line with internal expectations and "substantially ahead" of the previous year.
Budget nerves hit quarterly outflows at Rathbones
(Sharecast News) - Rathbones Group saw a spike in withdrawals around the Budget, the wealth and asset manager said on Thursday, offsetting discretionary inflows.
Morgan Advanced Materials announces CEO succession
(Sharecast News) - Morgan Advanced Materials announced on Thursday that its chief executive officer Pete Raby would retire after a decade in the role, stepping down from the position and the board on 1 July.
Young's trades 'exceptionally well' over festive period
(Sharecast News) - Pub chain operator Young's said on Thursday that it had traded "exceptionally well" over the Christmas and New Year period, with total managed revenue for the five weeks ended 13 January up 30.4% and like-for-like sales up 11.6%.
Copper production misses forecasts at Antofagasta
(Sharecast News) - Chilean miner Antofagasta reiterated its 2025 outlook on Thursday, despite copper production narrowly missing forecasts.
Trustpilot FY EBITDA set to beat consensus, shares surge
(Sharecast News) - Review website Trustpilot surged on Thursday as it said full-year earnings were set to be ahead of consensus expectations.
Ibstock FY revenues fall despite 'resilient' performance
(Sharecast News) - Brickmaker Ibstock said on Thursday that it had delivered a "resilient performance" in 2024 despite it being a "challenging year" for UK construction markets.
Bakkavor delivers strong revenue growth in FY24
(Sharecast News) - Food manufacturer Bakkavor said on Thursday that it had delivered strong revenue growth in the year ended 28 December, with profit ahead of market expectations and a strengthened balance sheet.
DiscoverIE to buy Germany's Burster for up to €43m
(Sharecast News) - DiscoverIE Group said on Thursday that it has agreed to buy Burster, a German designer and manufacturer of specialist sensors, for up to €43m (£36.3m).
Petershill Partners sells most of its General Catalyst stake
(Sharecast News) - Petershill Partners announced on Thursday that it has completed the sale of the majority of its stake in General Catalyst for a nominal consideration of $726m, representing a 62% premium to the $447m carrying value of the disposed interests as of 30 June 2024.
Safestore FY underlying EBITDA falls
(Sharecast News) - Self-storage provider Safestore said on Thursday that underlying earnings had fallen in the 12 months ended 31 October on the back of a modest reduction in revenues.
Cab Payments axing 20% of staff to cut costs
(Sharecast News) - Money transfer company CAB Payments is axing a fifth of its staff to save cash and looking to automate more of its business through the use of artificial intelligence as a stronger dollar and political uncertainty hit demand for cross border payments.
Carr's Group to sell engineering division to Cadre for £75m
(Sharecast News) - Carr's Group said on Thursday that it has agreed to sell its engineering division to US-based Cadre for £75m and plans to return up to £70m of the proceeds to shareholders.
Hays appoints Michael Findlay as chair
(Sharecast News) - Recruitment firm Hays said had appointed Michael Findlay as a non-executive director and chair-designate, succeeding Andrew Martin who is retiring on May 1.
Deliveroo delivers 'robust' Q4 performance, FY trading in line with guidance
(Sharecast News) - Online food delivery service Deliveroo said on Thursday that it had delivered a "robust" Q4 trading performance, with both gross transaction values and profitability growing in line with FY guidance.
IG Group snaps up trading app Freetrade for £160m
(Sharecast News) - IG Group said it was buying online trading platform Freetrade for £160m as it looked to expand its UK investment offering.
Taylor Wimpey backs FY profit expectations but warns over rising build costs
(Sharecast News) - Taylor Wimpey backed its profit expectations for the full year on Thursday but sounded a note of caution as it pointed to increased build costs in 2025.
Pearson reports full-year sales growth, reorganises some divisions
(Sharecast News) - Pearson reported underlying sales growth of 3% for 2024 in an update on Thursday, excluding its online programme management (OPM) and strategic review businesses, alongside a 10% rise in adjusted operating profit to between £595m and £600m, equating to a 16.8% margin.
Avacta reports promising results from ongoing clinical trial
(Sharecast News) - Avacta Therapeutics announced promising results from its ongoing phase 1a trial of AVA6000 on Thursday, demonstrating meaningful tumour shrinkage in patients with salivary gland cancer (SGC).
Rio Tinto Q4 iron ore shipments fall, but sees more stable China
(Sharecast News) - Mining giant Rio Tinto reported a fall in iron ore shipments in the fourth quarter but noted that the Chinese property market was stabilising.
Dunelm backs FY profit expectations as first-half sales grow
(Sharecast News) - Homeware retailer Dunelm backed its full-year profit expectations on Thursday as it reported an uptick in first-half sales despite a challenging environment.
Whitbread UK sales rise slightly; Holds FY guidance
(Sharecast News) - Premier Inn owner Whitbread held full year guidance and said UK accommodation sales in the Christmas/New Year period were up 2%, while hotels in Germany also performed strongly.
High Court approves Carlsberg takeover of Britvic
(Sharecast News) - Drinks maker Britvic said on Wednesday that a high court judge has approved its £3.3bn takeover by Carlsberg.
Deutsche Bank downgrades Watches of Switzerland to 'hold'
(Sharecast News) - Deutsche Bank downgraded its stance on Watches of Switzerland to 'hold' from 'buy' on Wednesday as it said it was "time to pause".
Wells Fargo shares jump after Q4 results
(Sharecast News) - Shares in US bank Wells Fargo jumped after a rise in fourth-quarter profit, driven by higher investment banking fees.
RBC Capital upgrades DCC to 'buy'
(Sharecast News) - RBC Capital Markets upgraded sales, marketing and support services group DCC to 'outperform' from 'sector perform' on Wednesday and lifted the price target to 6,000p from 5,800p following recent weakness.
Liontrust confident as quarterly net outflows improve
(Sharecast News) - Liontrust Asset Management reported net outflows of £1.6bn for the three months ended 31 December on Wednesday, slightly improved from £1.7bn in the same period of 2023.
Fiinu shares skyrocket on first white-label deal for flagship product
(Sharecast News) - Shares in fintech firm Fiinu skyrocketed on Wednesday after announcing it had entered into non-binding heads of terms for its first white-label deal for its flagship Plugin Overdraft product with an independent UK bank.
Loungers backs improved £367m takeover offer
(Sharecast News) - Loungers has agreed an improved £367m bid to be taken private, the bar and restaurant operator confirmed on Wednesday, after shareholders pushed back against an earlier offer.
Goldman starts Unite Group at 'buy', cites strong fundamentals
(Sharecast News) - Goldman Sachs initiated coverage on student accommodation landlord Unite Group on Wednesday with a 'buy' rating, citing strong fundamentals and an attractive valuation entry point.
Galliford Try has 'increased confidence' in FY results
(Sharecast News) - Construction firm Galliford Try said on Wednesday that it now has "increased confidence" in its ability to meet current market expectations.
Mitchells & Butlers Q1 sales underpinned by strong Christmas
(Sharecast News) - Pub group Mitchells & Butlers reported a jump in first-quarter sales on Wednesday as it hailed a "very strong" performance over the festive period.
Ashmore Q2 outflows improve
(Sharecast News) - Investment manager Ashmore said on Wednesday that outflows had nearly halved during Q2 as it continued to deal with the impacts of a stronger US dollar.
Just Group reports 'strong growth' in FY24
(Sharecast News) - Retirement products and services business Just Group reported "strong growth" across its defined benefit and retail businesses in 2024.
Asos to mothball US distribution centre
(Sharecast News) - Asos is to close its Atlanta distribution centre as part of an overhaul of its global network, the fast fashion retailer confirmed on Wednesday, at a cost of nearly £200m.
Diploma reports solid first-quarter performance
(Sharecast News) - Diploma reported a robust first-quarter performance on Wednesday, with reported revenue growth of 12% for the three months ended 31 December.
North America helps drive rise in Experian Q3 revenues
(Sharecast News) - Credit reference and data company Experian on Wednesday reported a jump in third quarter revenues and said growth expectations for the full year remained unchanged.
Morgan Sindall chair to retire in July
(Sharecast News) - Morgan Sindall said chair Michael Findlay is to retire in July after nine years in the post and had appointed Peter Harrison as a non-executive director and chair designate with effect from May 6.
Pfizer pares back Haleon stake in £2.5bn sale
(Sharecast News) - Pfizer has further reduced its holding in Haleon, it was confirmed on Wednesday, after the drugs giant offloaded 700m shares in a £2.5bn sale.
Serco secures new contract win with US Army
(Sharecast News) - Government services provider Serco has secured a new contract win that will see it support soldier readiness and performance within the US Army's Holistic Health and Fitness System.
RBC Capital downgrades Antofagasta, Anglo American
(Sharecast News) - RBC Capital Markets downgraded Antofagasta and Anglo American on Wednesday to 'underperform' from 'sector perform' as it took a look at European diversified miners.
Christmas parcels help IDS to slight revenue rise in Q3
(Sharecast News) - International Distribution Services reported a slight rise in revenue during the busy Christmas period as its Royal Mail business handled more international parcels.
LondonMetric off loads non-core properties, buys seven more
(Sharecast News) - LondonMetric Property said it had sold 10 non-core properties for £74.2 million and bought seven more for £50.1m.
Currys shares surge on profit upgrade after strong Christmas
(Sharecast News) - Currys raised full-year profit guidance on Wednesday after the electricals retailer reported a 2% rise in UK and Ireland underlying sales as consumers bought more AI laptops and mobile phones during the Christmas and Black Friday period.
Vistry profits fall sharply, in line with expectations
(Sharecast News) - Vistry Group reported a sharp decline in adjusted profit before tax for the financial year ended 31 December on Wednesday, to around £250m from £419.1m in 2023.
Frontier Developments swings back to profit in first half
(Sharecast News) - Frontier Developments reported a significant financial recovery for the six months ended 30 November on Wednesday, posting an adjusted EBITDA profit of £4.4m, a turnaround of £9.3m compared to the £4.9m loss recorded in the same period last year.
Genus sees FY profit at top end of expectations after strong H1
(Sharecast News) - Animal genetics firm Genus said on Wednesday that it expects full-year adjusted pre-tax profit to be at the top end of the range of market forecasts after a strong first half.
Hays sees H1 profit at lower end of expectations amid subdued market
(Sharecast News) - Recruitment firm Hays said it expected interim pre-exceptional operating profit of £25m, towards the lower end of the consensus range amid subdued trading conditions as like-for-like net fees fell 12% in the second quarter.
Wednesday preview: US and UK CPI in the spotlight
(Sharecast News) - Wednesday will bring with it the week's key risk event, a reading on the cost of living in the United States.
UK government further reduces stake in NatWest
(Sharecast News) - The UK government further reduced its ownership of NatWest Group on Tuesday, cutting its stake to 8.9% from 9.99%, according to a regulatory filing from the bank.
EDF urged to delay final Sizewell investment decision - report
(Sharecast News) - France's state auditor has urged EDF to delay making a final investment decision on its massive Sizewell C nuclear reactor project in Suffolk, it was reported on Tuesday.
Canaccord Genuity raises target price on Clarkson
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on shipping firm Clarkson from 4,300.0p to 4,500.0p on Tuesday, stating the firm was "well-positioned" to ride out volatility.
Advanced Medical Solutions reports solid end to 2024
(Sharecast News) - Tissue-healing technology specialist Advanced Medical Solutions Group reported robust growth for the year ended 31 December in an update on Tuesday, driven by strategic acquisitions and continued strength across its product portfolio.
Berenberg names Rio Tinto as top mining pick for 2025
(Sharecast News) - Berenberg has named Rio Tinto as its top pick for 2025 among London's blue-chip diversified mining stocks ahead of what's set to be a volatile start to the year for the sector.
Card Factory celebrates strong Christmas trading, reiterates outlook
(Sharecast News) - Shares in Card Factory sparked in early trading on Tuesday, after the retailer confirmed robust trading over the crucial Christmas period.
Funding Circle flags solid second half in line with forecasts
(Sharecast News) - Small-to-medium enterprise lending platform Funding Circle reported a solid second-half performance in a trading update on Tuesday, in line with expectations.
The Gym Group positive trading momentum drives strong LFL revenue growth
(Sharecast News) - Gym operator The Gym Group said on Tuesday that positive trading momentum had continued through H2, driving strong like-for-like revenue growth.
The Gym Group positive trading momentum drives strong LFL revenue growth
(Sharecast News) - Gym operator The Gym Group said on Tuesday that positive trading momentum had continued through H2, driving strong like-for-like revenue growth.
Games Workshop reports record first-half results
(Sharecast News) - Games Workshop Group reported record first-half results on Tuesday, driven by robust revenue growth, significant licensing income, and strong retail performance.
Grafton trades in line with FY expectations despite 'challenging macro backdrop'
(Sharecast News) - Builders' merchant Grafton said on Tuesday that its 2024 trading performance was in line with expectations despite a "challenging macro backdrop" in certain markets, particularly the UK and Finland.
MJ Gleeson on track to meet market expectations for the year
(Sharecast News) - Low-cost housebuilder and land promoter MJ Gleeson said on Tuesday that full-year results were set to be ahead of last year and in line with market expectations.
Hunting shares jump on 2025 outlook, EMEA restructuring plan
(Sharecast News) - Shares in Hunting jumped on Tuesday after the oilfield services group said it met market forecasts in 2024 and pointed to further profit growth this year, helped by the planned consolidation of its operations across the EMEA region.
Chemring subsidiary inks multi-year agreement with US prime contractor
(Sharecast News) - Aerospace and defence firm Chemring announced on Tuesday that its Roke subsidiary has signed a multi-year agreement with a major US prime contractor for the supply of its high-speed Miniature Radar Altimeter.
Crest Nicholson delays results as fire remedy costs mount
(Sharecast News) - Crest Nicholson said on Tuesday that it was delaying publication of its full-year results amid a hike in fire safety provisions.
Robert Walters expecting to break even in 2024
(Sharecast News) - Robert Walters said on Tuesday that it expects only a break-even result for the year at the pre-tax profit level as trading conditions remained challenging in the fourth quarter.
Persimmon sees FY profit at upper end of expectations
(Sharecast News) - Persimmon said on Tuesday that full-year underlying pre-tax profit was set to be around the upper end of market expectations as completions were ahead of market forecasts.
IntegraFin reports record funds under direction after strong quarter
(Sharecast News) - IntegraFin Holdings, the operator of the Transact investment platform, reported robust trading results for the first quarter of the 2025 financial year on Tuesday, driven by record inflows and continued platform growth.
British American Tobacco falls as Reinet sells 43.3m shares in placing
(Sharecast News) - British American Tobacco fell on Tuesday after Reinet Investments said that its indirect subsidiary, Reinet Jersey Holdings, had sold just over 43.3m shares in the company in a placing.
JD Sports downgrades FY profit forecast
(Sharecast News) - JD Sports Fashion downgraded its full-year profit forecast on Tuesday as it posted a drop in revenue for November and December in challenging markets.
BP reports lower Q4 production, flags higher full-year charges
(Sharecast News) - Energy major BP said it now expects to report lower upstream production for the fourth quarter, while tax charges and foreign exchange losses for the full year will be greater than previously expected.
Smiths Group announces CFO transition, upgrades revenue guidance
(Sharecast News) - Smiths Group announced the retirement of chief financial officer Clare Scherrer on Tuesday, confirming her successor while also upgrading its guidance for revenue growth.
Ocado Retail delivers strong Q4 and record Christmas
(Sharecast News) - Ocado Retail delivered a strong finish to its financial year, with sales growth accelerating in the fourth quarter as weekly orders reached a milestone of 500,000 for the first time.
Tuesday preview: US producer prices, Fedspeak in focus
(Sharecast News) - Investors' focus on Tuesday will be on the first of two readings for inflation in the US.
Eden Research revenue rises, losses set to widen
(Sharecast News) - Sustainable biopesticide and biocontrol technology specialist Eden Research reported significant revenue growth for the year ended 31 December on Monday, alongside a positive outlook for 2025.
Macy's trims Q4 sales outlook, shares dip
(Sharecast News) - US department store Macy's slightly downgraded its sales outlook for the fourth quarter after a quieter-than-expected Christmas period.
Canaccord starts coverage of Science Group at 'buy'
(Sharecast News) - Canaccord Genuity started coverage of Science Group on Monday with a 'buy' rating and 758p price target as it pointed to 14 years of strong shareholder returns.
Berenberg raises target price on Dalata Hotel Group following CMD event
(Sharecast News) - Analysts at Berenberg raised their target price on Irish hotel operator Dalata Hotel Group from 480.0p to 510.0p on Monday following the company's recent Capital Markets Day.
Craneware reports solid revenue growth
(Sharecast News) - Business software specialist Craneware reported double-digit revenue growth for the six months ended 31 December on Monday.
Huddled Group FY revenues exceed £14m, hails 'year of growth'
(Sharecast News) - E-commerce business Huddled Group said on Monday that 2024 was "a year of growth" across all of its brands, with total group revenues exceeding £14.0m.
Shore Capital favours international banks over domestics as bond yields rise
(Sharecast News) - Shore Capital has reassessed its coverage for the UK banking sector in light of recent developments in the bond and currency markets, highlighting its preference for internationally focused lenders.
Zambia's SEC sanctions Standard Chartered
(Sharecast News) - Multinational bank Standard Chartered has been sanctioned by Zambia's Securities and Exchange Commission for mis-selling bonds issued by state-backed Chinese developer Sino-Ocean to one of its local wealth clients at the height of the Asian country's real-estate crisis.
Citi upgrades Bunzl to 'buy'
(Sharecast News) - Citi upgraded Bunzl on Monday to 'buy' from 'neutral' as it said it was a hedged sector investment.
Sosandar on track to deliver FY profit
(Sharecast News) - Online women's fashion brand Sosandar said on Monday that it was on track to deliver a full-year profit thanks to a solid trading performance throughout that all-important Christmas period.
Oxford Nanopore shares jump on margin guidance
(Sharecast News) - Shares in Oxford Nanopore Technologies surged on Monday after the DNA and RNA analysis firm reported an acceleration in momentum towards the end of the year, pointing to higher-than-expected margins.
Great Portland Estates announces ITN lease renewal at Gray's Inn Road
(Sharecast News) - Property group Great Portland Estates has announced that broadcaster ITN has renewed two leases at its media hub near Farringdon, committing to a further 10 years.
Serco CEO Mark Irwin to retire
(Sharecast News) - Serco said on Monday that chief executive Mark Irwin plans to retire and step down from the role on 28 February after 12 years with the outsourcer.
Q4 customer wins drive full-year beat at Plus500
(Sharecast News) - Fintech group Plus500 beat market forecasts with its results for 2024, driven by a solid end to the year with customer numbers surging 45% over the final quarter.
Entain ends year with earnings at top-end of guidance
(Sharecast News) - Gambling giant Entain reaffirmed its full-year 2024 EBITDA guidance on Monday, buoyed by operator-friendly sports results during the final quarter of the year.
Filtronic set to end year ahead of market forecasts
(Sharecast News) - Filtronic, a designer and manufacturer of advanced products for the aerospace, defence, space, and telecoms infrastructure markets, announced on Monday that its order intake for the current financial year had exceeded expectations.
PageGroup sees earnings at lower end as market conditions worsen
(Sharecast News) - Recruitment firm PageGroup said annual operating profit would be at the lower end of consensus expectations after fourth-quarter earnings fell 17% as market conditions worsened in Europe with companies low-balling offers to potential job candidates.
GSK to buy IDRx for up to $1.15bn
(Sharecast News) - GSK on Monday said it was buying US-based biopharmaceutical company IDRx for up to $1.15bn.
UK has less than a week of gas reserves, says Centrica
(Sharecast News) - The UK has less than a week of gas reserves, with storage at "concerningly low levels" amid a cold snap, said British Gas owner Centrica on Friday.
Constellation Energy to buy Calpine for $16.4bn
(Sharecast News) - Baltimore-based Constellation Energy said on Friday that it has agreed to buy Calpine for $16.4bn in cash and shares.
RBC Capital starts Liontrust at 'underperform', Polar Capital at 'outperform'
(Sharecast News) - RBC Capital Markets initiated coverage of Liontrust Asset Management on Friday with an 'underperform' rating and 390p price target as it took a look at the UK asset management sector.
One Media iP reports stable revenue as it focuses on core business
(Sharecast News) - One Media IP reported stable full-year revenue in a trading update on Friday, following a strategic divestment to sharpen its focus on core operations.
Morgan Stanley upgrades Reckitt, downgrades Haleon
(Sharecast News) - Morgan Stanley upgraded Reckitt Benckiser and downgraded Haleon on Friday as it took a look at consumer staples stocks.
Jefferies downgrades Serco to 'hold' on lack of growth potential
(Sharecast News) - Serco's share price was under pressure on Friday after analysts at Jefferies lowered their rating for the public sector-focused outsourcing group from 'buy' to 'hold', citing headwinds to earnings momentum.
UBS upgrades Persimmon to 'buy', says valuation is more compelling
(Sharecast News) - UBS upgraded Persimmon on Friday to 'buy' from 'neutral' as it said the valuation was now more compelling.
Team Internet Group shares sink as bidder backs out
(Sharecast News) - Online marketing and web services firm Team Internet Group has revealed that one of the two parties that approached the firm regarding a possible takeover this week has walked away, causing shares to sink sharply on Friday.
Kingswood appoints interim CEO as permanent boss
(Sharecast News) - AIM-listed wealth and investment management group Kingswood has announced that it will be making Peter Coleman its permanent boss after six months serving in an interim capacity.
Frasers Group increases stake in Marks Electrical
(Sharecast News) - Mike Ashley's Frasers Group further expanded its investment in Marks Electrical Group on Friday, increasing its shareholding to 7.85%, according to regulatory filings.
GSK application for new Shingrix formulation accepted by FDA
(Sharecast News) - GSK announced on Friday that the US Food and Drug Administration (FDA) has accepted its regulatory application for a prefilled syringe version of Shingrix, its recombinant zoster vaccine for preventing shingles.
Vodafone ups stake in Indian telecom Vi, exits Indus Towers
(Sharecast News) - Vodafone has raised its stake in its Indian joint venture Vodafone Idea (Vi) after selling its investment in the country's mobile tower installation company Indus Towers.
Sainsbury's to lift wages by 5% after bumper Christmas trade
(Sharecast News) - UK supermarket chain Sainsbury's said it would increase wages by 5% after bumper sales in its key Christmas quarter.
Friday preview: US non-farm payrolls, consumer confidence in focus
(Sharecast News) - All eyes at the end of the week will be on the US non-farm payrolls report for the month of December.
Oxford Instruments appoints its next finance chief
(Sharecast News) - Oxford Instruments announced a planned transition in its chief financial officer role on Thursday, with Gavin Hill to step down from the board and his position on 31 March, at the end of the financial year, after almost nine years with the company.
Henry Boot sells 632 residential plots to Vistry
(Sharecast News) - Henry Boot announced the completion of the sale of 632 residential plots at the Pickford Gate development in Coventry to national housebuilder Vistry Group on Thursday.
De La Rue surges on takeover proposal
(Sharecast News) - De La Rue surged on Thursday after saying it was considering a takeover offer from Disruptive Capital and Pension SuperFund Capital entities at 125p a share.
Weaker Aussie dolalr hits Foresight assets under management
(Sharecast News) - Investment manager Foresight Group said in a trading update on Thursday that assets under management stood at £12.2bn at the end of the December quarter, a slight decline of 2% from £12.4b as of 30 September.
Shore Capital keep 'buy' rating for Tesco after decent festive sales
(Sharecast News) - Shore Capital has maintained a 'buy' rating for Tesco after a "decent" trading update from the supermarket group on Thursday, saying the retailer is well-placed to benefit despite a tough consumer backdrop.
Mears boosts full-year outlook, shares rally
(Sharecast News) - Shares in Mears Group sparked on Thursday, after the housing solutions provider said full-year results were likely to beat expectations.
Assura makes progress with disposals, developments
(Sharecast News) - Healthcare property investor Assura reported significant progress in its third-quarter on Thursday, completing 17 property disposals during the quarter to generate net proceeds of £48.4m, in line with book value.
S4 Capital CFO Mary Basterfield to step down
(Sharecast News) - Advertising agency S4 Capital said on Thursday that Mary Basterfield has decided to step down from her position as chief financial officer.
Weakness in European construction sector hits sales at SIG
(Sharecast News) - SIG posted a slide in annual sales and profits on Thursday, weighed down by weakness in the European construction sector, but insisted it was well placed to weather the current cycle.
Annual production surges at Ferrexpo, shares jump
(Sharecast News) - Ferrexpo reported a surge in annual production on Thursday, its best since Russia invaded Ukraine, despite the ongoing "challenging" conditions.
CLS secures 10-year lease at Fetter Lane property
(Sharecast News) - CLS Holdings announced on Thursday that it has secured a 10-year lease with law firm Signature Litigation for 29,816 square feet of office space at 138 Fetter Lane in central London.
Greggs 2024 sales top £2bn but Q4 LFL sales growth slows
(Sharecast News) - Bakery chain Greggs said on Thursday that it jumped past the £2bn sales mark in 2024, but reported a slowdown in like-for-like sales growth for the fourth quarter as weaker consumer confidence dented footfall on the high street.
Airtel Africa CFO to leave in July
(Sharecast News) - Airtel Africa said chief financial officer Jaideep Paul was leaving the company in July to pursue a new position within the wider Bharti Group.
Hilton Food to hit forecasts after strong Q4 trading
(Sharecast News) - Food packaging group Hilton Foods said it expects to hit market forecasts with its 2024 results after a strong finish to the year across all three operating regions.
Derwent London Baker St site fully pre-let
(Sharecast News) - UK property company Derwent London said its development in London's Baker Street was now fully pre-let.
Unite maintains guidance, reports solid start to new year
(Sharecast News) - Student accommodation group Unite has reiterated its profit guidance after a solid end to its financial year, as it pointed to continued strong occupancy levels and rental growth over the next academic year.
B&M announces special dividend after solid third quarter
(Sharecast News) - Discount retailer B&M European Value Retail announced a special dividend of £151m in a trading update on Thursday, after reporting a strong third-quarter as it narrowed its full-year guidance.
Avon Technologies signs £10m contact renewal with Thales
(Sharecast News) - Military respiratory protection and helmet maker Avon Technologies has signed a £10m contract renewal with Thales in support of a critical UK defence programme.
Tesco shares retreat despite strong festive trading update
(Sharecast News) - Shares in Tesco fell on Thursday despite the grocery giant reporting a solid uptick in sales growth over the key Christmas trading period, with the stock retreating after a solid rally over the past six months.
M&S shares slump despite Xmas food sales beating expectations
(Sharecast News) - Shares in Marks & Spencer fell sharply on Thursday despite the food and clothing retailer posting a 6.4% rise in UK third quarter like-for-like sales after a better-than-expected performance over the key Christmas period.
Canaccord says ProCook valuation does not reflect growth opportunities
(Sharecast News) - Analysts at Canaccord Genuity reiterated their 'buy' recommendation for shares of ProCook.
Lloyd's of London CEO John Neal to step down
(Sharecast News) - Lloyd's of London said on Wednesday that chief executive officer John Neal will be leaving in 2025, after leading the insurance and reinsurance marketplace for over six years.
Abingdon Health subsidiary secures significant contract
(Sharecast News) - Lateral flow contract research and manufacturing specialist Abingdon Health announced on Wednesday that its subsidiary CS Lifesciences has secured a significant contract worth over £0.5m.
US private sector adds fewer jobs than expected in December - ADP
(Sharecast News) - Private sector employment in the US rose less than expected in December, according to data released on Wednesday by ADP.
TT Electronics taps Eric Lakin as new finance chief
(Sharecast News) - Electronics engineering and manufacturing company TT Electronics announced the appointment of Eric Lakin as its new chief financial officer on Wednesday, to succeed Mark Hoad, who was retiring after a decade with the company as previously announced in November.
Apax portfolio firm Paycor to be acquired by Paychex
(Sharecast News) - Apax Global Alpha announced on Wednesday that Paycor HCM, a portfolio company of the Apax IX Fund, is set to be acquired by Paychex in an all-cash transaction valued at $22.50 per share.
Victoria Property makes £3.25m offer for Ground Rents Income Fund
(Sharecast News) - Victoria Property said on Wednesday that it has made a £3.25m takeover offer for Ground Rents Income Fund.
Jefferies downgrades Ashmore to 'hold' from 'buy'
(Sharecast News) - Jefferies downgraded Ashmore on Wednesday to 'hold' from 'buy' and it cut the price target to 170p from 220p as it said it was moving to the sidelines until a macro catalyst emerges.
Rolls-Royce plans £300m investment in Goodwood site
(Sharecast News) - Luxury carmaker Rolls-Royce plans to spend £300m to expand its West Sussex factory to produce more bespoke vehicles for the super-rich.
ProCook outperforms market as Q3 sales jump 11%
(Sharecast News) - Kitchenware retailer ProCook said on Wednesday that it outperformed the market in the third quarter, reporting a jump in sales and a "strong" peak trading period.
'Challenging' end to 2024 weighs heavily on financial services - CBI
(Sharecast News) - Optimism in the UK financial services sector has collapsed, a survey showed on Thursday, despite growing business volumes.
Intercede to beat forecasts after new contract wins and renewals
(Sharecast News) - Shares in Intercede rose by a tenth on Tuesday after the cybersecurity firm announced that recently won contract orders and renewals will take full-year results ahead of market expectations.
Hornby reports impressive festive sales as first-time customers jump
(Sharecast News) - Hornby's share price continued to jump on Wednesday after the model train and collectibles group reported impressive results for its third quarter, bolstered by a strong festive selling season.
Sales strengthen at Topps Tiles, CEO to step down
(Sharecast News) - Topps Tiles posted a robust start to the year on Wednesday, as it confirmed veteran chief executive Rob Parker would step down.
Flutter Entertainment cuts US guidance, cites customer-friendly results
(Sharecast News) - Online betting firm Flutter Entertainment downgraded its US guidance on Wednesday, citing unfavourable sports results.
Shell cuts LNG production targets, reveals $1.3bn cashflow hit
(Sharecast News) - Oil major Shell has announced that results for the fourth quarter were significantly lower than the preceding three months, as it revealed $700m of well-write offs and a $1.3bn hit to cashflow.
Halma CFO to retire end-March, replaced by Carole Cran
(Sharecast News) - Safety equipment maker Halma said chief financial officer Steve Gunning has decided to retire at the end of March.
BofA ML reinstates JD Sports at 'buy', cites compelling valuation
(Sharecast News) - Bank of America Merrill Lynch reinstated coverage of JD Sports on Tuesday with a 'buy' rating and 165p price target, citing a "compelling" valuation and upside of around 70%.
Wednesday preview: US ADP jobs reports, Treasury bond auction in focus
(Sharecast News) - The market spotlight in the middle of the week will be on the results of a private sector survey for the US jobs market covering the month of December.
Aurora Innovation surges on partnership with Continental, Nvidia
(Sharecast News) - Aurora Innovation surged on Tuesday after it announced a long-term strategic partnership with Continental and Nvidia to deploy driverless trucks at scale.
Team Internet Group shares surge after two takeover bids
(Sharecast News) - Shares in Team Internet Group jumped by almost a third on Tuesday after the online marketing and web services firm confirmed it had received two separate takeover approaches.
GlobalData completes fourth acquisition in its second half
(Sharecast News) - GlobalData announced the completion of its acquisition of Deallus, a competitive intelligence solutions provider specialising in the global life sciences sector, on Tuesday.
Ricardo takes 85pc stake in Aussie firm E3 Advisory
(Sharecast News) - Ricardo announced the completion of its acquisition of Australian infrastructure consultancy E3 Advisory on Tuesday, a specialist in transport, clean energy, water, and mining infrastructure projects.
Schroder European REIT offloads Frankfurt grocery asset
(Sharecast News) - Schroder European Real Estate Investment Trust announced the sale of a grocery-anchored retail asset in Frankfurt, Germany on Tuesday, for €11.8m.
Deutsche Bank downgrades Pennon to 'sell'
(Sharecast News) - Deutsche Bank downgraded Pennon on Tuesday to 'sell' from 'hold' and cut the price target to 530p from 600p as it took a look at water stocks following the publication of Ofwat's final determinations in December.
Berenberg cuts target price for Synthomer, but stays at 'buy'
(Sharecast News) - Shares in Synthomer were trading lower on Tuesday after Berenberg lowered its target price for the chemicals stock on the back of a subdued market outlook.
Raspberry Pi Santa rally 'overdone', says HSBC
(Sharecast News) - Raspberry Pi tumbled on Tuesday after HSBC downgraded the shares to 'reduce' from 'buy' on valuation grounds, arguing that the Santa rally was overdone.
Sainsbury steps down as Close Brothers CEO, Morgan to replace
(Sharecast News) - Close Brothers Group announced on Tuesday that Adrian Sainsbury had officially stepped down as group chief executive and executive director, effective 6 January, to focus on his health following a period of medical leave.
Coats Group CFO Jackie Callaway to step down
(Sharecast News) - Industrial thread maker Coats Group said on Tuesday that chief financial officer Jackie Callaway has mutually agreed with the board that she will step down from her role at the conclusion of the annual meeting on 21 May.
GSK cancer drug candidate gets another breakthrough designation
(Sharecast News) - GSK announced on Tuesday that its investigational antibody-drug conjugate GSK'227 has been granted breakthrough therapy designation by the US Food and Drug Administration (FDA) for treating relapsed or refractory osteosarcoma in patients who had progressed after at least two prior lines of therapy.
UK food and drink sales surge over Christmas
(Sharecast News) - Household grocery spending hit a record high over Christmas, industry data showed on Tuesday, as shoppers snapped up festive food and drink.
Citi downgrades AJ Bell to 'sell'
(Sharecast News) - Citi downgraded its stance on AJ Bell to 'sell' on Tuesday and cut its price target to 390p from 450p, citing risks from cash balances and competitor pricing.
Next to increase prices to offset wage rises, lifts guidance again
(Sharecast News) - UK clothing retailer Next said it would increase prices to offset higher wage and tax costs along with anticipated slower growth as it lifted full-year guidance after better-than-expected December sales.
Quiz lenders said to have drafted in restructuring advisers Interpath
(Sharecast News) - Lenders to online fashion retailer Quiz have reportedly drafted in restructuring advisers days before it is due to hold a vote on delisting from the London stock market.
Tuesday preview: US services, Treasury debt auction in focus
(Sharecast News) - Investors' focus on Tuesday would be on the US economy, with closely followed survey results for services sector activity and the jobs market due out in the run up to the release of the all-important non-farm payrolls report on Friday.
Canaccord upgrades Antofagasta to 'buy'
(Sharecast News) - Canaccord Genuity maintained its price target on Antofagasta on Monday at 2,065p on the back of improving year-on-year profit trends in 2025.
Filtronic appoints new chief commercial officer
(Sharecast News) - Filtronic, a designer and manufacturer of products for the aerospace, defence, space, and telecoms infrastructure markets, announced the appointment of Antonino Spatola as its new chief commercial officer on Monday.
Equipmake reports 'credible interest' amid formal sale process
(Sharecast News) - Equipmake, a specialist in electrification technologies for the automotive, truck, bus, and specialty vehicle sectors, updated the market on its ongoing strategic review and formal sale process on Monday, which it initiated on 6 December.
RBC Capital upgrades Experian to 'outperform'
(Sharecast News) - RBC Capital Markets upgraded Experian on Monday to 'outperform' from 'sector perform' as it argued that revenue growth should accelerate over the mid-term driven by broad-based growth drivers.
Citi downgrades Rolls-Royce to 'neutral', shares slump
(Sharecast News) - Rolls-Royce slumped on Monday after Citi downgraded its stance on the shares to 'neutral' from buy' on valuation grounds.
Engage XR revenue to fall short of market expectations
(Sharecast News) - Engage XR shares were sliding on Monday morning, after it reported delays in contract finalizations in a trading update, leading to its revenue falling short of market expectations.
Kingfisher appoints industry veteran Ian McLeod as non-executive director
(Sharecast News) - B&Q and Castorama owner Kingfisher said on Monday that it has appointed industry veteran and former Halfords boss Ian McLeod as a non-executive director with effect from 20 January.
RBC Capital downgrades Unilever to 'underperform', slashes price target
(Sharecast News) - RBC Capital Markets downgraded Unilever on Monday to 'underperform' from 'sector perform' and slashed the price target to 4,000p from 4,800p.
Tesco and B&M best placed as inflation picks up, says Citi
(Sharecast News) - Citi has reiterated its 'buy' calls on UK retailers Tesco and B&M amid a "lacklustre" consumer backdrop as food inflation begins to reaccelerate.
Avon Technologies gets $18m helmet order
(Sharecast News) - Avon Technologies announced on Monday that its subsidiary, Team Wendy Ceradyne, has received an $18m delivery order from the US Defense Logistics Agency.
Diversified Energy snaps up bolt-on assets in Appalachian Basin
(Sharecast News) - UK and US-listed oil group Diversified Energy Company has announced the acquisition of several assets in America's Appalachian Basin, across Virginia, West Virginia and Alabama, which it says will complement existing operations and provide synergies to improve margins.
Biden blocks Nippon Steel's $14.9bn bid for US Steel
(Sharecast News) - US President Joe Biden has intervened in the final weeks of his administration and blocked Japan Nippon Steel's $14.9bn bid for US Steel, citing national security concerns.
Berenberg slashes Vistry targets after 'horrible Q4'
(Sharecast News) - Berenberg has slashed its forecasts and target price for Vistry after an unscheduled profit warning from the housebuilder on Christmas Eve, saying that the company may need to reconsider its financial targets.
GSK's Nucala gets third approval in China
(Sharecast News) - GSK announced on Friday that its monoclonal antibody 'Nucala', or mepolizumab, has received approval from China's National Medical Products Administration for the treatment of chronic rhinosinusitis with nasal polyps (CRSwNP) in adults.
Wizz Air December capacity falls, passenger numbers up 1.9%
(Sharecast News) - Budget airline Wizz Air on Friday reported a 1.9% increase in passenger numbers for December on an annual basis, but capacity declined as it continued to ground aircraft due to problems with Pratt & Whitney engines.
BofA positive on Airbus, names as 1 of 25 buy ideas for 2025
(Sharecast News) - Analysts at Bank of America sounded an upbeat note on the outlook for shares of Airbus, telling clients that the jet manufacturer likely recorded a good December in terms of actual aircraft deliveries.
Vodafone completes EUR 8bn sale of Italian arm
(Sharecast News) - Vodafone Group has finalised the sale of Vodafone Italy to Swisscom for €8bn in cash, it announced on Thursday.
Ricardo finalises £68m sale of defence division
(Sharecast News) - Engineering, environmental, and strategic consulting company Ricardo announced on Thursday that it has finalised the sale of its Ricardo Defense division.
Phoenix Group to redeem $250m convertible notes early
(Sharecast News) - Phoenix Group Holdings announced the early redemption of its outstanding $250m fixed rate reset perpetual restricted tier 1 contingent convertible notes on Thursday.
Wood Group offloads EthosEnergy stake for $138m
(Sharecast News) - John Wood Group announced on Thursday that it has completed the sale of its 51% stake in EthosEnergy Group to private equity firm One Equity Partners for a final net cash consideration of $138m.
Lidl festive sales pass £1bn for first time as shoppers hunt bargains
(Sharecast News) - German discount supermarket chain Lidl posted a large sharp rise in sales at its UK division over Christmas, driven by shoppers hunting for bargain party food and drink over the festive period.
Auction Technology Group appoints new finance chief
(Sharecast News) - Auction Technology Group (ATG) announced the appointment of Sarah Highfield as its new chief financial officer on Thursday.
Chrysalis, Revolution settle dispute over investment loss
(Sharecast News) - Chrysalis Investments on Thursday said it had reached a settlement with Revolution Beauty over its claim against the troubled AIM-listed cosmetics retailer.
Wizz Air inks support deal with Pratt & Whitney over aircraft groundings
(Sharecast News) - Wizz Air has entered a commercial support agreement with Pratt & Whitney, it announced on Tuesday, to address the continued grounding of about 40 Airbus A320neo family aircraft due to issues with the PW1100G-JM geared turbofan engines.
Haleon completes purchase of 33pc share in Chinese JV
(Sharecast News) - Haleon announced on Tuesday that it has finalised the acquisition of an additional 33% equity stake in its Chinese joint venture, Tianjin TSKF Pharmaceutical Co (TSKF), from Tianjin Pharmaceutical Group and Tianjin Pharmaceutical Da Ren Tang Group Corporation.
Digital 9 enters deal to sell unfinished Red Sea cable project
(Sharecast News) - Digital 9 Infrastructure announced a binding agreement to sell its interest in the EMIC-1 subsea cable project for $42m on Tuesday, with completion expected by March.
Rightmove reports record Boxing Day as new seller activity surges
(Sharecast News) - The number of properties listed for sale on Rightmove hit a record number on Boxing Day, the housing platform revealed on Tuesday, with both new seller activity and website visits both hitting all-time highs.
Sareum shares drop on product licence termination
(Sharecast News) - Autoimmune disease and cancer treatment developer Sareum has revealed that the commercial licence of its jointly developed SRA737 product has been terminated by a biopharma company in the US.
Bunzl to start first tranche of new £200m buyback on Jan 2
(Sharecast News) - Logistics firm Bunzl said it would start the first tranche of its £200m 2025 share buyback programme on January 2.
Huddled Group buys remaining 25% of Boop Beauty from founder Amr
(Sharecast News) - Online retailer Huddled Group said it had bought the 25% of cosmetic waster seller Boop Beauty that it did not own for £100,000 after talks with founder Yasmine Amr.
Delivery Hero slumps as sale of Taiwan subsidiary to Uber blocked
(Sharecast News) - Delivery Hero tumbled on Friday after the sale of its Taiwan subsidiary to Uber Technologies was blocked.
Operations continuing at Kenmare mine despite Mozambique unrest
(Sharecast News) - Titanium minerals and zircon-focused miner Kenmare Resources has reassured investors that operations at its Moma project in Mozambique are continuing as normal despite civil unrest spreading across the country.
SRT Marine Systems commences new Middle East contract
(Sharecast News) - Maritime tech group SRT Marine Systems has said it has kicked off a new maritime domain awareness contract worth $9m over a 10-year period.
Syncona investment sells cancer study assets to AstraZeneca for $12m
(Sharecast News) - Life science investor Syncona said its investment Achilles Therapeutics has sold cancer study assets to AstraZeneca for $12m (£9.58m).
Ithaca Energy shares rise on Jocelyn South drilling results
(Sharecast News) - Ithaca Energy shares were in the green on Tuesday, after it noted that exploration drilling at the Jocelyn South prospect in Block 30/07a of the Central North Sea had confirmed the presence of hydrocarbons.
Cohort acquisition of EM Solutions pushed back to February
(Sharecast News) - Technology specialist Cohort announced a revised timeline for its acquisition of EM Solutions, a subsidiary of Australia's Electro Optic Systems Holdings, on Tuesday.
Safestore JV buys Italy's EasyBox for €175m
(Sharecast News) - Self-storage group Safestore said on Tuesday that it has entered into a 50/50 joint venture with Nuveen Real Estate to acquire Easybox, Italy's second largest self-storage operator by number of stores, for €175m.
Mosman's Colarado asset hit by delays
(Sharecast News) - UK-listed shares of Mosman fell on Tuesday after the oil and gas outfit revealed that drilling had not yet started on a part-owned project in Colarado, US.
Gemfields says operations could be hit by Mozambique unrest
(Sharecast News) - Gemfields said on Tuesday that there could be interruptions to its mining operations in Mozambique due to civil unrest.
Windward shares soar on £216m takeover offer
(Sharecast News) - Israeli maritime tech group Windward has received a £216m takeover offer from a US private equity firm that has been unanimously recommended by its directors, causing shares to soar early on Tuesday.
Kooth unveils new US contract and share buyback
(Sharecast News) - Shares in Kooth jumped on Tuesday after the youth digital mental healthcare company announced a new $1.5m pilot contract in the US and a £1.5m share buyback plan.
Harworth finally completes sale of Ansty land site
(Sharecast News) - Harworth Group, a UK-based specialist in regenerating land for sustainable development, announced the completion of the £53.5m sale of its 278-acre strategic land site in Ansty, Warwickshire, to Rugbyalpha Freeholdco on Tuesday.
AstraZeneca pulls EU application for cancer drug
(Sharecast News) - AstraZeneca has pulled its European marketing authorisation application for its non-small cell lung cancer treatment based on the results of a phase III trial.
Vistry shares tank as investors deliver Xmas no, no, no
(Sharecast News) - Santa won't be visiting Vistry shareholders this Christmas after the house builder issued its third consecutive profits warning on Tuesday, with the shares taking as a result.
Proteome Sciences gives bullish outlook for 2025
(Sharecast News) - Shares in drug development services group Proteome Sciences rose on Monday after the company said 2024 results should reflect a good recovery and that its pipeline is looking strong for next year.
Petrofac enters into binding agreement with creditors on restructuring terms
(Sharecast News) - Petrofac said it had entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring "to significantly strengthen the financial position of the group" and enable it to deliver its strategy.
Zephyr Energy signs Nabors rig contract for Utah project
(Sharecast News) - Rocky Mountains-focused oil group Zephyr Energy has signed a rig contract with American drill contracts Nabors at its flagship project in the Paradox Basin, Utah.
Frasers to make fresh proposal after Boohoo shareholders reject Ashley
(Sharecast News) - Frasers Group responded to the outcome of Boohoo's Friday shareholder vote on Monday, after it saw the rejection of the proposed board appointments of Frasers' Mike Ashley and restructuring expert Mike Lennon to the Boohoo board.
AstraZeneca lung cancer drug Tagrisso approved by EU regulators
(Sharecast News) - AstraZeneca's lung cancer treatment Tagrisso has been approved by European Union regulators on the back of "powerful results" from a phase III trial.
UK consumer confidence falls in December ahead of January 'spending squeeze' - BRC
(Sharecast News) - UK consumer confidence fell sharply in December, according to the British Retail Consortium, which said retailers will now likely find themselves facing a "spending squeeze" in the new year.
Aviva seals £3.75m Direct Line deal, but jobs at risk in cost-cutting drive
(Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend but warned it would be looking for cost savings via job cuts.
Eden Research gets approval for Novellus+ in Mexico
(Sharecast News) - Biopesticides and biocontrol products developer Eden Research announced on Friday that it has received regulatory approval in Mexico for 'Novellus+', an enhanced version of its flagship fungicide 'Mevalone'.
Petra lowers pricing forecasts after mixed third diamond tender
(Sharecast News) - Petra Diamonds reported the final results for its third tender of the 2025 financial year on Friday, revealing a mixed performance as volumes increased but sales and prices declined.
Jefferies rates Diageo a 'buy' amid Ciroc sale rumours
(Sharecast News) - Jefferies has reiterated a 'buy' rating for Diageo on the back of speculation that the drinks giant is considering a sale of its Ciroc brand, saying that any potential sale would be accretive to top-line growth.
Canaccord Genuity sees more upside at On The Beach
(Sharecast News) - Canaccord Genuity has hiked its target price for travel company On The Beach by more than a half on the back of higher long-term growth potential.
Headlam makes £54m from property sales, announces chair succession
(Sharecast News) - Floorcoverings distributor Headlam Group announced progress in its ongoing transformation plan on Friday, with property sales generating £53.9m in cash proceeds.
Two IP Group investees receive cash offers
(Sharecast News) - Science investor IP Group announced on Friday that two of its quoted life sciences portfolio companies have received cash offers, with anticipated proceeds of £13.8m.
UK retail sales rise less than expected in November
(Sharecast News) - UK retail sales missed expectations in November, but borrowing figures came in better than expected, according to data released on Friday by the Office for National Statistics.
GSK reports positive results from ovarian cancer drug trial
(Sharecast News) - GSK has announced positive results from a phase III trial of its ovarian cancer treatment, which met its primary endpoint of progression free survival.
EP Group IDS takeover clears UK national security law
(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.
Friday preview: US inflation data, UK retail sales in focus
(Sharecast News) - Investors' focus at the end of the week will continue to be on the inflation picture in the US.
Jefferies lifts ICG price target
(Sharecast News) - Jefferies lifted its price target on Intermediate Capital Group on Thursday to 2,700p from 2,300p.
IP Group raises buyback again after its biggest-ever exit
(Sharecast News) - Early stage science investor IP Group has received £119m in initial cash proceeds from the sale of portfolio company Featurespace to Visa, and will beef up its share buyback plan by £25m after the biggest exit in its history.
MicroSalt files US patent application for new formulation
(Sharecast News) - MicroSalt announced the filing of a new patent application with the United States Patent and Trademark Office on Thursday, for a new method to create granulated salt from powdered formulations.
Bestway launching CVA amid off-licence lease challenges
(Sharecast News) - Bestway Group, one of the UK's largest privately owned companies, is initiating a company voluntary arrangement (CVA) to address challenges in its Bargain Booze and Wine Rack retail operations, it was reported on Thursday.
Conygar granted planning permission for Nottingham student property
(Sharecast News) - The share price of Conygar Investment Company continued its recent slide on Thursday despite the property company being granted planning permission for a 383-bed student accommodation development in Nottingham.
Navantia strikes deal to buy Titanic shipbuilder Harland & Wolff
(Sharecast News) - Historic shipyard owner Harland & Wolff is to be acquired out of administration by Spain's Navantia, it was confirmed on Thursday, saving 1,000 jobs.
BT wins appeal against £1.3bn class action over 'excessive' pricing
(Sharecast News) - BT Group has won an appeal against a £1.3bn class action lawsuit alleging the Telecoms operator overcharged millions of customers for fixed telephone lines.
Activist investor demands review of Rio Tinto's structure
(Sharecast News) - Palliser Capital called for an independent review of Rio Tinto's structure on Thursday, the latest salvo in the activist investor's campaign to end the miner's dual-listed status.
Triple Point Energy Transition chair exits as wind-down continues
(Sharecast News) - Sustainability-focused investment trust Triple Point Energy Transition has announced the resignation of its chairman to reduce operating costs amid an orderly wind-down of the company.
Norges Bank leaves rates on hold at 4.50%, signals March rate cut
(Sharecast News) - Norway's central bank kept interest rates on hold on Thursday at a 16-year high of 4.50%, as widely expected.
Henry Boot to take full control of Stonebridge Homes
(Sharecast News) - Real estate developer Henry Boot is to assume full control of Stonebridge Homes Group, it confirmed on Thursday.
Sweden's Surgical Science to buy Intelligent Ultrasound in £45.2m deal
(Sharecast News) - Intelligent Ultrasound said on Thursday that it has agreed to be taken over by Sweden's Surgical Science in a deal that values the group at £45.2m.
Chill Brands reaches out-of-court settlement with former directors
(Sharecast News) - Packaged goods distributor Chill Brands has reached an out-of-court settlement with two former directors who transferred the domain registration from the company to themselves without board authorisation back in May.
Clean Power Hydrogen raises £6.1m in share placing
(Sharecast News) - AIM-listed Clean Power Hydrogen has conditionally raised £6.1m in a share placing as it works towards completing three key projects.
Costain and Siemens Mobility JV secures £300m HS2 systems contract
(Sharecast News) - Costain said on Thursday that its 50/50 joint venture with Siemens Mobility had secured a contract to deliver high voltage power supply systems for the HS2 project throughout the 225km route from Birmingham to London.
CLS Holdings announces major lease deal in Dortmund
(Sharecast News) - Europe-focused office and commercial property investor CLS Holdings has leased 9,600 square metres of office space for 20 years in Dortmund, Germany.
Serco flags underlying profit growth, confidence in 2025
(Sharecast News) - Outsourcing giant Serco forecast full-year revenue of £4.8bn in an update on Thursday, in line with its prior guidance but reflecting an organic revenue decline of 3%.
Average water bills to rise by 36% over next five years
(Sharecast News) - Average water bills are to rise by over a third in the next five years, the UK regulator confirmed on Thursday.
Wood Group wins contract to work on eco fuel refinery in Romania
(Sharecast News) - John Wood Group on Thursday said it had won a contract by OMV Petrom for a major project to boost production of sustainable fuel in Southeast Europe.
Thursday preview: BoE, BoJ rate decisions in focus
(Sharecast News) - The market spotlight on Thursday would be on the latest policy decisions out of the Bank of England and Bank of Japan (or perhaps the opposite).
Merck in global license agreement with Hansoh Pharma for weight-loss drug
(Sharecast News) - Merck said on Wednesday that it has signed an exclusive global licensee agreement with Chinese biopharmaceutical firm Hansoh Pharma for weight-loss drug HS-10535.
Peel Hunt downgrades OSB Group, shares drop
(Sharecast News) - OSB Group tumbled on Wednesday as Peel Hunt downgraded the shares to 'hold' from 'add' but lifted the price target to 414p from 395p.
Factory output falls at fastest rate since mid-2020 - CBI
(Sharecast News) - Output volumes in the manufacturing sector fell in the quarter to December at the fastest pace since mid-2020, according to the latest Industrial Trends survey from the Confederation of British Industry.
Berenberg stays at 'buy' on Dalata Hotels
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 480.0p target price on Dalata Hotels on Wednesday, stating the group was "ending the year on a high note".
Guardian signs deal to sell Observer newspaper to Tortoise Media
(Sharecast News) - The Scott Trust and Guardian Media Group (GMG) have finally offloaded the Observer newspaper to digital start-up Tortoise Media in a cash and shares deal, foiling a rival bid from Ecotricity founder Dale Vince, it was announced on Wednesday.
Zizzi owner Azzurri gives confident outlook as annual sales jump
(Sharecast News) - Zizzi and ASK Italian owner Azzurri Investment Group has pledged to open more restaurants in the coming years despite the ongoing challenges in the UK's hospitality sector, as it reported an 18% jump in annual sales.
Zotefoams halts investment in new tech, shares fall
(Sharecast News) - Zotefoams announced it was halting investment in a new product on Wednesday, after the packaging specialist failed to secure a partner for the project.
Funding Circle names Ken Stannard as chairman designate
(Sharecast News) - Lending platform operator Funding Circle named Ken Stannard as chairman designate on Wednesday, with effect from 1 January 2025.
Westminster Group confident despite tougher economic conditions
(Sharecast News) - Security solutions provider Westminster Group reported a positive outlook and ongoing progress across its operations in an update on Wednesday.
Jefferies hikes price target on BA and Iberia owner IAG
(Sharecast News) - Jefferies hiked its price target on BA and Iberia owner IAG on Wednesday to 350p from 270p saying it expects the fourth quarter to deliver similar trends to Q3, driving confidence in the short-term macro and travel environment.
Character Group FY revenue, profits grow
(Sharecast News) - Toys and games designer Character Group said on Wednesday that both revenue and profits had grown modestly in the year ended 31 August, in line with market expectations.
Heathrow to spend £2.3bn on upgrades over next two years
(Sharecast News) - Heathrow has announced a £2.3bn investment plan to upgrade the UK's biggest airport over the next two years, £244m higher than previously expected.
Shoe Zone cites Budget changes as it warns on profits, shares tank
(Sharecast News) - Shoe Zone warned on profits on Wednesday and said it would be forced to close some stores due to changes announced in the Budget, sending shares in the retailer tumbling.
IntegraFin flags higher costs and lower fees, shares tumble
(Sharecast News) - Shares in IntegraFin were sliding on Wednesday morning, after the operator of the 'Transact' investment platform reported a robust full-year financial performance, but flagged rising costs and lower fees for some of its services going forward.
BHP served with sexual harassment, discrimination lawsuit in Australia
(Sharecast News) - Mining titan BHP is facing a sexual harassment and discrimination lawsuit in Australia relating to allegations made by female employees over a 10-year period.
National Grid submits plans to invest up to £35bn in network
(Sharecast News) - National Grid on Wednesday submitted plans to invest up to £35bn in Britain's electricity network over a five year period from April 2026.
Kingfisher offloads Romanian business for £58m
(Sharecast News) - DIY group Kingfisher has announced the sale of its loss-making Brico Dépôt business in Romania to retailer Altex Romania for €70m (£58m) as it looks to focus on key growth markets.
FCA launches consultation on new private stock market PISCES
(Sharecast News) - The Financial Conduct Authority has launched a consultation on proposals for a new stock market for private companies - the Private Intermittent Securities and Capital Exchange System or PISCES.
Kepler Cheuvreux starts Marks & Spencer at 'buy'
(Sharecast News) - Kepler Cheuvreux initiated coverage of Marks & Spencer on Tuesday with 'buy' rating and 467p price target.
Jefferies lowers target prices on UK staffers following SThree's warning
(Sharecast News) - Jefferies cut its target prices on Hays, Pagegroup and SThree on Tuesday, noting the latter's warning had highlighted further downside to earnings for UK staffers.
Wednesday preview: US Fed decision, UK CPI in the spotlight
(Sharecast News) - Wednesday will bring with it the week's key risk event, the Federal Reserve's policy announcement.
Ondine Biomedical to start phase three Steriwave clinical trial
(Sharecast News) - Ondine Biomedical announced on Tuesday that it would begin its phase three 'LANTERN' clinical trial for its novel nasal photodisinfection technology, branded as Steriwave outside the United States.
Technology Minerals shares soar on Glencore offtake deal
(Sharecast News) - The share price of battery metals recycler Technology Minerals more than trebled in value on Tuesday after its subsidiary signed a black mass offtake agreement with commodities and mining giant Glencore.
Barclays loses key motor finance court challenge
(Sharecast News) - Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
Tullow Oil tumbles as Kosmos walks away
(Sharecast News) - Tullow Oil tumbled on Tuesday after Kosmos Energy said it does not plan to make an offer for the oil and gas exploration company.
Idox secures £2.4m contract with North Yorkshire Council
(Sharecast News) - Idox announced a £2.4m strategic contract with North Yorkshire Council on Tuesday, to consolidate its eight planning and building control systems into a single cloud-based platform.
Berenberg raises target price on Hollywood Bowl following record FY performance
(Sharecast News) - Analysts at Berenberg slightly raised their target price on bowling centres operator Hollywood Bowl from 420.0p to 440.0p on Tuesday following the group's "solid" FY24 earnings and "upbeat" FY25 guidance.
Shipbuilder Harland & Wolff on verge of £70m rescue deal
(Sharecast News) - Struggling shipbuilder Harland & Wolff could be on the verge of a rescue deal by Spanish peer Navantia that will secure more than 1,000 jobs across its four sites in the UK.
Enquest strikes Seligi field partnership agreement
(Sharecast News) - Exploration and production firm Enquest said on Tuesday that it has been awarded an agreement to develop approximately 155.0bn standard cubic feet of additional Seligi field gas resources, with a 50% equity share.
UBS upgrades LSEG to 'buy' from 'neutral'
(Sharecast News) - UBS upgraded its stance on LSEG on Tuesday to 'buy' from 'neutral' and lifted the price target 17% to 13,500p.
Indivior makes board changes after move to Nasdaq
(Sharecast News) - Indivior announced changes to its board of directors on Tuesday, following discussions with Oaktree Capital Management, which advises funds holding a stake in the company.
Gulf Marine Services lifts profit outlook for 2025
(Sharecast News) - Gulf Marine Services has revealed that 2024 profits are likely to be at the upper end of guidance and pointed to further growth in 2025 on the back of strong demand for its vessels this year.
Goodwin H1 profits surge on nuclear and naval contract wins
(Sharecast News) - Engineering and manufacturing firm Goodwin said on Tuesday that interim pre-tax profits had surged as a result of the successful execution of contracts in the nuclear and naval sectors.
Land Securities acquires majority stake in Liverpool ONE
(Sharecast News) - Commercial property business Land Securities has acquired a 92% stake in Liverpool ONE from the Abu Dhabi Investment Authority and Grosvenor for a total consideration of £490.0m.
Thames Water seeks High Court approval for £3bn emergency loan
(Sharecast News) - Thames Water, the UK's largest water utility, is seeking High Court approval for a £3bn emergency loan to avert a cash crisis that could see the company run out of funds by March.
Chemring shares slump despite record order book
(Sharecast News) - Shares in Chemring slumped on Tuesday despite the UK defence and aerospace contractor reporting a record order book amid global political tensions and the war in Ukraine.
Capita scales back revenue guidance, shares drop
(Sharecast News) - Capita's share price dropped by almost a tenth on Tuesday morning after the outsourcing group scaled back its revenue guidance for the year.
Frasers CEO Murray nominated for seat on Hugo Boss supervisory board
(Sharecast News) - Frasers Group said on Tuesday that its chief executive, Michael Murray, has been nominated for a role on the supervisory board of German fashion brand Hugo Boss, in which it owns a 15% stake.
Capricorn Energy to receive $50m contingent payment from Woodside Energy
(Sharecast News) - Oil and gas firm Capricorn Energy said on Tuesday that Woodside Energy will pay $50.0m for its operating stake in the Sangomar field offshore Senegal.
British govt approves Bharti's acquisition of 24.5% BT stake
(Sharecast News) - The British government has approved Bharti Global's acquisition of a 24.5% stake in telecoms firm BT Group from France's Altice.
UK regulator clears Carlsberg takeover of Britvic
(Sharecast News) - Carlsberg's purchase of soft drinks maker Britvic has been given the green light after the UK's competition regulator said it would not refer the $4.23bn deal for an in-depth probe.
Bunzl shares slide as it flags flat underlying revenue
(Sharecast News) - Specialist international distribution and service provider Bunzl said in an update on Tuesday that it expected full-year revenue for 2024 to rise about 3% at constant exchange rates, driven by acquisitions, although underlying revenue would see a small decline.
Hollywood Bowl shares slide as results fail to strike with investors
(Sharecast News) - Shares in Hollywood Bowl fell sharply on Tuesday as the 10-pin venue operator reported record annual revenues but took a £5m impairment on its mini-golf operations which hit profits.
Tuesday preview: UK employment, US retail sales in the spotlight
(Sharecast News) - The market spotlight on Tuesday will be on the October Employment report due out in the UK.
NatWest retail banking boss Lindberg to step down next year - report
(Sharecast News) - The boss of NatWest Group's high street branch network will reportedly step down early next year as the company prepares for a return to full private sector ownership.
Canal+ shares tumble on London debut
(Sharecast News) - Shares of French broadcaster Canal+ tumbled nearly 16% during its London Stock Exchange debut on Monday, marking a rocky start for the largest new listing in the UK this year.
Oxford Biodynamics CEO resigns as it seeks short-term funding
(Sharecast News) - Clinical diagnostics specialist Oxford BioDynamics announced on Monday that Dr Jon Burrows had resigned from his positions as chief executive officer and board member, with immediate effect.
Moonpig sell-off presents a buying opportunity, says Canaccord Genuity
(Sharecast News) - Last week's dramatic share-price plunge at cards and gifts retailer Moonpig represents a good buying opportunity for investors, according to Canaccord Genuity, which reiterated its positive stance on the stock.
Berenberg raises target price on Compass
(Sharecast News) - Analysts at Berenberg raised their target price on food service business Compass Group from 2,460.0p to 2,900.0p on Monday, stating the company was in possession of "all the ingredients for sustained growth".
Ricardo to sell Defense business, buy 85% stake in E3 Advisory
(Sharecast News) - Strategic, environmental, and engineering consulting firm Ricardo said on Monday that it has agreed the sale of its Defense business to Proteus Enterprises and Gladstone Investment Corporation for $85m (£67.5m).
PureTech hails "exciting" results from lung disease trial
(Sharecast News) - Clinical-stage biotech group Puretech Health has announced promising results from the trial of its lung disease treatment deupirfenidone, which the lead investigator hailed as "extremely exciting".
Videndum shares drop on slow market recovery
(Sharecast News) - Shares in media group Videndum tanked on Monday after the company warned of a slower-than-expected recovery in end-markets.
Graft Polymer to buy Awakn in £4.98m deal
(Sharecast News) - Biotech firm Graft Polymer said on Monday that it has agreed to buy Awakn Life Sciences Corp, a clinical-stage biotechnology company developing therapeutics for substance use and mental health disorders, for £4.98m.
EZ composite PMI improves in December
(Sharecast News) - Eurozone business sentiment remained in the doldrums but there were signs of an easing of tougher conditions as the services industry returned to growth, according to preliminary survey data published on Monday.
Kretinsky's Royal Mail takeover gets the green light
(Sharecast News) - Czech billionaire Daniel Kretinsky's £3.6bn takeover of Royal Mail has reportedly been approved by the government.
Ageas to buy Saga's underwriting business as part of 20-year partnership
(Sharecast News) - Saga said on Monday that it has entered into an agreement with Ageas to establish a 20-year partnership for motor and home insurance which includes the acquisition of its underwriting business.
Computacenter shares slide on CFO's sudden departure
(Sharecast News) - Computacenter announced on Monday that Christian Jehle has stepped down as group chief financial officer and as an executive director of the board with immediate effect.
UK house prices fall again in December - Rightmove
(Sharecast News) - New seller asking prices fell again in December as the market slowed down in the run-up to Christmas, but activity remained strong compared to last year, according to data released by Rightmove on Monday.
Standard Investments calls for strategic review of Johnson Matthey
(Sharecast News) - Johnson Matthey's largest shareholder has called for a strategic review into the chemicals firm that could result in the sale of "part or all" of the group.
Entain hit with money-laundering lawsuit in Australia
(Sharecast News) - Australia's financial crime regulator has started civil penalty proceedings against Entain Group related to alleged contraventions of an anti-money laundering and counter-terrorism financing act.
EU recommends expanding use of GSK endometrial cancer drug
(Sharecast News) - GSK said the European Union's Committee for Medicinal Products for Human Use has recommended expanding approval of Jemperli in combination with chemotherapy for treatment of adults with primary advanced or recurrent endometrial cancer who are candidates for systemic therapy.
Google to appeal $75m Turkish fine for breach of competition law
(Sharecast News) - Alphabet's Google said it would be appealing against a 2.61 billion lira ($75m) fine by Turkey's competition authority over for taking advantage of its dominant position in the ad server services market, the regulator said on Friday.
Rentokil rallies as Trian buys £31m worth of shares
(Sharecast News) - Rentokil Initial rallied on Friday after activist investor Nelson Peltz's Trian Fund Management bought 7.5m shares in the pest control company for £31m.
Cadogan Energy strikes €10m settlement agreement
(Sharecast News) - Exploration and production firm Cadogan Energy said on Friday that it has signed a settlement agreement with Proger Management, Proger Ingegneria, Ma.Lo and TIFS Partecipazioni.
RBC Capital starts Greggs at 'outperform', says 'buy the dip'
(Sharecast News) - RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an 'outperform' rating and 3,240p price target.
Berenberg lowers target price on Impax Asset Management
(Sharecast News) - Analysts at Berenberg lowered their target price on Impax Asset Management from 560.0p to 510.0p on Friday after news broke that the group's mandate to manage St James's Place's sustainable and responsible equity fund was expected to end in February 2025.
WH Ireland pre-tax losses narrow amid 'challenging market backdrop'
(Sharecast News) - Financial services business WH Ireland said on Friday that pre-tax losses had narrowed in the six months ended 30 September after the "challenging market backdrop" had "another significant impact" on its performance.
UK govt cuts NatWest stake to just under 10%
(Sharecast News) - The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
Portmeirion issues profit warning amid 'challenging and unpredictable market conditions'
(Sharecast News) - Pottery business Portmeirion warned on Friday that both revenue and pre-tax profits for the year ending 31 December were now expected to be below market expectations.
Royal Mail fined £10.5m for missing delivery targets
(Sharecast News) - Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.
Kosmos in 'very preliminary' talks over Tullow takeover
(Sharecast News) - US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
TT Electronics confident of financial framework after Volex abandons takeover talks
(Sharecast News) - Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Schroders reportedly looking to offload Indonesian unit
(Sharecast News) - UK-based asset manager Schroders is reportedly looking to sell its Indonesian business as it considers exiting some sub-scale markets under new boss Richard Oldfield.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
(Sharecast News) - Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley's Frasers Group's was unlikely to succeed.
Tullow Oil in preliminary talks over potential takeover by Kosmos
(Sharecast News) - Tullow Oil confirmed on Thursday that it is in preliminary talks with Kosmos Energy about a possible all-share offer for the oil and gas exploration company.
Friday preview: UK GDP, consumer confidence in the spotlight
(Sharecast News) - Investors' focus at the end of the week will be on a reading for UK gross domestic product covering the month of October.
Make UK appoints Lord Harrington as new chair
(Sharecast News) - Make UK said on Thursday that it has appointed Lord Richard Harrington as its new chair, succeeding Lord Hutton, who has chaired the manufacturers' organisation since 2022.
UK energy firms must offer 'zero' standing charge tariffs - Ofgem
(Sharecast News) - UK energy suppliers have been ordered to offer customers a zero standing charge tariff by next winter after intense criticism of the controversial fees.
Rio Tinto to invest $2.5bn to expand Argentina's Rincon project
(Sharecast News) - Rio Tinto said on Thursday that it will invest $2.5bn to expand the Rincon project in Argentina, its first commercial scale lithium operation.
TT Electronics shares drop as Volex abandons takeover pursuit
(Sharecast News) - Shares in TT Electronics dropped on Thursday after Volex backed out of a takeover pursuit of the electronic components group, after a month of speculation that it may make an offer.
Expanded NewRiver reports stable half-year performance
(Sharecast News) - NewRiver REIT reported a solid financial position and stable operational performance for the six months ended 30 September on Thursday, following the recent acquisitions of Capital & Regional and Ellandi.
Boohoo boardroom saga continues as second proxy adviser rebukes Frasers' plans
(Sharecast News) - Independent proxy voting adviser Glass Lewis has recommended Boohoo shareholders vote against Frasers Group's proposals to strong-arm Mike Ashley on to the board of the fast-fashion retailer.
Berenberg stays upbeat on SThree despite profit warning
(Sharecast News) - Berenberg has slashed its target price for SThree by a quarter after a profit warning from the STEM-focused recruitment group on Thursday, but said it still sees long-term upside for the stock.
Drax strikes multi-year supply deal with Pathway Energy
(Sharecast News) - Power firm Drax has struck a multi-year deal with Pathway Energy for the supply of biomass pellets to the latter's proposed sustainable aviation fuel project in the US.
Bodycote lays out new strategy, maintains expectations
(Sharecast News) - Heat treatment and specialist thermal processing specialist Bodycote unveiled a strategy to drive growth, operational performance and sustainability on Thursday.
De La Rue H1 operating profit falls
(Sharecast News) - Banknote printer De La Rue reported a decline in first-half operating profit on Thursday as revenue fell, with revenue from the currency segment down as a number of deliveries moved into the second half of the year.
Shares plunge as SThree warns on profits
(Sharecast News) - Shares in SThree plunged on Thursday, after the recruiter posted a slide in net fees and warned that the ongoing challenging market conditions would hit profits.
Henry Boot subsidiary sells roughly 600 plots in the Midlands
(Sharecast News) - Property developer Henry Boot's Hallam Land subsidiary has unconditionally exchanged contracts for the sale of roughly 600 plots in the Midlands, taking the firm's ungeared internal rate of return of 28% per annum.
Diageo fizzes higher after double upgrade to 'buy' at UBS
(Sharecast News) - Diageo fizzed higher on Thursday as UBS upgraded the shares to 'buy' from 'sell and hiked the price target to 2,920p from 2,300p, saying it sees upside risks to the US business.
Stellantis to extend Mirafiori stoppage until Jan 20 - report
(Sharecast News) - Automaker Stellantis will reportedly extend the production stoppage at its Italian Mirafiori plant until January 20.
Currys swings to H1 half profit, says price rises 'inevitable' after Budget
(Sharecast News) - Electricals retailer Currys said on Thursday that it swung back into the black in the first half, with a solid performance in the UK and Ireland helping to offset weakness in the Nordics.
Carr's Group confident after year of transition
(Sharecast News) - Carr's Group reported a 2.7% improvement in like-for-like revenue in its full-year results on Thursday, to £148m, driven by an 18.8% rise in the engineering division offset by a 6% decline in the agriculture division.
TA Associates to offload Auction Technology stake for £85.3m
(Sharecast News) - Private equity firm TA Associates said it has agreed to sell its entire 12.6% stake in Auction Technology for £85.3m.
C&C Group names drinks industry veteran chief executive
(Sharecast News) - Magners owner C&C Group said on Thursday that it has appointed the former head of AG Barr chief executive.
Exxon Mobil to boost capital spending
(Sharecast News) - Exxon Mobil said on Wednesday that it was planning to lift spending on oil production as it outlined the key elements of its 2030 plan.
Macy's shares plunge as FY profit forecast lowered on weak demand
(Sharecast News) - Shares in Macy's fell sharply after the department store chain owner lowered full-year profit forecasts on weak demand ahead of the crucial holiday sales season.
Close Brothers given permission to appeal motor finance ruling
(Sharecast News) - Close Brothers shares surged on Wednesday after the Supreme Court agreed that it could appeal a landmark ruling on motor finance commissions.
Patient Capital to buy Patterson Companies in $4.1bn deal
(Sharecast News) - Patterson Companies surged on Wednesday as the dental and animal health distributor agreed to be bought by healthcare investment firm Patient Square Capital in a $4.1bn deal.
Grocery sales edge higher ahead of expected festive surge - NIQ
(Sharecast News) - Grocery sales ticked higher last month, industry research showed on Wednesday, ahead of a likely surge in the weeks leading up to Christmas.
Boots could be spun out if Walgreens buyout goes ahead - report
(Sharecast News) - Chemist chain Boots could be put up for sale again should a possible takeover of its US parent go ahead, it was reported on Wednesday.
Thursday preview: ECB rate decision, US producer prices in focus
(Sharecast News) - The market spotlight on Thursday will be on the European Central Bank as rate-setters meet in Frankfurt to decide on policy.
RBC names Greencoat, 3i infrastructure as top sector picks
(Sharecast News) - Analysts at RBC reiterated their view that the Infrastructure and Renewables Funds sector appeared to continue to offer "exceptional value".
Heathrow expects record Christmas as passenger traffic continues to rise
(Sharecast News) - Heathrow has said it is preparing for its busiest December in history after monthly traffic statistics continued to set new records.
Heathrow expects record Christmas as passenger traffic continues to rise
(Sharecast News) - Heathrow has said it is preparing for its busiest December in history after monthly traffic statistics continued to set new records.
HSBC upgrades Reckitt Benckiser to 'buy'
(Sharecast News) - HSBC upgraded Reckitt Benckiser on Wednesday to 'buy' from 'hold' and lifted the price target to 5,500p from 4,800p as it took a look at the outlook for consumer staples next year.
Berenberg lowers target price on Whitbread
(Sharecast News) - Analysts at Berenberg lowered their target price on Premier Inn-owner Whitbread from 4,000.0p to 3,900.0p on Wednesday following the recent UK budget.
Aviva's Direct Line takeover faces 'material' execution risks, says Jefferies
(Sharecast News) - Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3.6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major execution risks.
Kainos re-appoints Brendan Mooney as CEO
(Sharecast News) - IT provider Kainos said on Wednesday that it has re-appointed Brendan Mooney to the board as chief executive officer.
Revenue, earnings fall for newly-demerged Optima Health
(Sharecast News) - Corporate health and wellbeing solutions provider Optima Health reported an 11% decline in revenue in its interim results on Wednesday, to £50.8m.
S&U reports mixed trading amid motor finance challenges
(Sharecast News) - Specialist motor and property financier S&U reported a mixed trading performance for the period between 1 August and 10 December on Wednesday, amid challenging conditions in the UK financial services sector.
IAG flies higher on Deutsche Bank upgrade to 'buy'
(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday after Deutsche Bank upgraded the shares to 'buy' from 'hold' and hiked the price target to 400p from 215p.
ProCook H1 underlying losses widen
(Sharecast News) - Kitchenware brand ProCook said on Wednesday that underlying losses had widened in the six months ended 13 October, partly due to a contraction in gross margins.
Zalando to buy rival About You in €1.1bn deal
(Sharecast News) - German online fashion retailer Zalando said on Wednesday that it has agreed to buy About You in a deal that values its rival at around €1.1bn.
Tui sees strong summer as holidays boost FY earnings
(Sharecast News) - Travel giant TUI said annual operating profit jumped by more than a third and said it expected more growth next year driven by expanded capacity in its holiday business to meet demand.
Volution revenue rises amid solid UK residential performance
(Sharecast News) - Volution reported a rise in revenue on Wednesday as it hailed a particularly strong performance in the UK residential market.
British American Tobacco reaffirms full-year guidance
(Sharecast News) - British American Tobacco reaffirmed its full-year guidance for 2024 on Wednesday, supported by a stronger second half driven by investments in its US commercial operations and innovation in its 'New Categories' portfolio.
Gulf Keystone ups buyback after "positive year"
(Sharecast News) - Kurdistan-focused oil producer Gulf Keystone Petroleum has said it remains committed to returning excess cash to shareholders despite a difficult operating environment, as the company raised its share buyback plan by $10m.
Endeavour Mining shares shine as Cote D'Ivoire project advances
(Sharecast News) - Shares in Endeavour Mining spiked on Wednesday as the company said it would conduct a definitive feasibility study (DFS) on its Assafou-Dibibango gold project in Côte d'Ivoire after preliminary assessment confirmed its potential to be a tier one asset.
Porvair profits slightly ahead of market forecasts
(Sharecast News) - Porvair, the specialist filtration, laboratory and environmental technology businesses, has revealed that full-year profits should be "marginally" ahead of market expectations.
DG Innovate announces placing for 'immediate needs'
(Sharecast News) - Shares in DG Innovate dropped on Tuesday after the mobility and energy storage technology company announced a share placing to raise £500,000.
Wednesday preview: US CPI, Bank of Canada in the spotlight
(Sharecast News) - All eyes in the middle of the week will be on the latest consumer price data due out in the States.
TeamViewer shares plunge after $720m deal to buy 1E
(Sharecast News) - Shares in TeamViewer plunged on Tuesday as the remote-working software maker said it was buying 1E from Carlyle Group for $720m.
Canary Wharf secures £610m loan with Apollo
(Sharecast News) - Canary Wharf Group has secured a £610m loan with US private capital firm Apollo, the east London landlord confirmed on Tuesday.
Pennant International set to end year as expected
(Sharecast News) - Systems support software and training solutions specialist Pennant International forecast full-year results in line with market expectations in an update on Tuesday, flagging revenue of around £14m and adjusted EBITDA of £1.2m.
Berenberg ups target price for BAE on promising outlook
(Sharecast News) - Berenberg has lifted its target price for BAE Systems and reiterated a 'buy' rating on aerospace and defence giant, saying growth drivers for the business remain "compelling".
Thames Water sees sewage spills spike
(Sharecast News) - Crisis-hit Thames Water reported a spike in sewage spills and higher debts on Tuesday, but insisted it was moving closer to being on a more stable financial footing.
Goldman Sachs upgrades British Land to 'buy'
(Sharecast News) - Goldman Sachs upgraded its stance on British Land on Tuesday to 'buy' from 'neutral', citing a stronger growth outlook, as it took a look at European real estate stocks.
Great Portland Estates inks new lease agreement with Heineken UK
(Sharecast News) - Property development and investment firm Great Portland Estates said on Tuesday that Heineken UK has signed a new office lease for 17,000 square foot at its wells&more asset in West London.
Moonpig swings to first-half loss
(Sharecast News) - Moonpig said on Tuesday that it swung to a pre-tax loss in the first half as it pointed to "challenging" trading in its Experiences segment.
Prudential mulling sale of stake in Eastspring Investments - report
(Sharecast News) - Prudential is reportedly considering options for its asset manager Eastspring Investments that include selling a minority stake to help broaden the business.
NCC shares tank on poor outlook as sales cycles lengthen
(Sharecast News) - Shares in NCC tanked on Tuesday despite the Manchester-based cybersecurity and software services firm delivering in-line annual results, as investors focused on the outlook statement, which pointed to a lengthening of sales cycles in recent months.
RBC upgrades Hikma Pharmaceuticals to 'outperform'
(Sharecast News) - Analysts at RBC Capital Markets upgraded Hikma Pharmaceuticals from 'sector perform' to 'outperform' on Tuesday as it took a look at the wider European pharmaceutical and biotechnology sector.
Hvivo strikes £11.5m RSV contract with existing client
(Sharecast News) - Contract research organisation Hvivo has struck a £11.5m Respiratory Syncytial Virus contract with an "existing top-tier global pharmaceutical client".
Centrica on track to hit forecasts, ups buyback plan by £300m
(Sharecast News) - British Gas owner Centrica said it expects full-year profits to match analysts' estimates as it beefed up its share buyback programme by £300m.
JPMorgan upgrades Unite, downgrades LondonMetric
(Sharecast News) - JPMorgan Cazenove upgraded Unite Group but downgraded LondonMetric on Tuesday as it took a look at the outlook for European property stocks.
FirstGroup agrees to buy RATP London in £90m deal
(Sharecast News) - FirstGroup announced an agreement to acquire London bus operator RATP Dev Transit London the French state-owned from RATP Développement on Tuesday, for an enterprise value of £90m.
Smiths News renews Reach contract through 2029
(Sharecast News) - News wholesaler and distributor Smiths News announced a new long-term distribution contract with Reach, the UK's largest commercial news publisher, on Tuesday.
Games Workshop seals deal with Amazon for Warhammer film, TV series
(Sharecast News) - Games Workshop on Tuesday said it had reached a final deal with Amazon to adapt its Warhammer 40,000 universe into films and television series, together with associated merchandising rights after agreeing creative guidelines.
Tuesday preview: Chinese trade numbers, RBA policy meeting in the spotlight
(Sharecast News) - The market spotlight on Tuesday will turn to Asia, where the latest Chinese trade numbers are due out and central bankers Down Under are due to decide on policy.
Renishaw co-founder Sir David McMurtry dies
(Sharecast News) - Engineering firm Renishaw said on Monday that co-founder and non-executive director Sir David McMurtry has died suddenly.
Unilever makes appointments under new divisional strategy
(Sharecast News) - Consumer conglomerate Unilever said it had appointed Reginaldo Ecclissato as president of its new "One Unilever Markets", reporting to chief executive officer Hein Schumacher.
Chinese regulators launch probe into Nvidia
(Sharecast News) - Chipmaker Nvidia was under the cosh early on Monday after Chinese regulators announced they had launched an investigation into the firm over possible violations of the country's antimonopoly laws.
Deutsche Bank downgrades Ashtead to 'hold'
(Sharecast News) - Deutsche Bank downgraded its stance on equipment rental firm Ashtead on Monday to 'hold' from 'buy' as it said the stock was trading close to its 6,500p price target.
Morgan Stanley upgrades Weir, Spirax to 'overweight'
(Sharecast News) - Morgan Stanley upgraded Weir Group and Spirax on Monday as it took a look at the European capital goods sector.
Chill Brands sees hit to single-use vape sales ahead of UK ban
(Sharecast News) - Troubled Vape maker Chill Brands has said a planned government ban on single-use vapes had already started to hit UK sales, and said court case over claims of fraud and theft by former executives was due to start next week.
BP and JERA to merge offshore wind businesses in new joint venture
(Sharecast News) - Shares in BP shot up on Monday after the energy giant said it had partnered with Japan's largest power generation company to combine their offshore wind operations.
Canaccord Genuity cuts target price on Touchstone Exploration
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on oil and gas business Touchstone Exploration from 60.0p to 90.0p on Monday but said there was "still plenty of upside" to the stock despite recent changes in production guidance.
Berenberg cuts target price on Marlowe
(Sharecast News) - Analysts at Berenberg slashed their target price on business-critical services and software firm Marlowe from 710.0p to 400.0p on Monday following the group's interim results on 5 December.
RBC cuts target price for Berkeley, but hails long-term strategy
(Sharecast News) - RBC Capital Markets has cut its target price for Berkeley Group and reiterated an 'underperform' rating, saying that while the long-term picture looks intact, it has cut its forecasts for shareholder returns.
Shore Capital upgrades AJ Bell to 'buy' after share price weakness
(Sharecast News) - Shore Capital upgraded AJ Bell on Monday to 'buy' from 'hold' following share price weakness.
Shareholder advisory group ISS backs Boohoo in Mike Ashley board spat
(Sharecast News) - Boohoo said on Monday that international shareholder advisory group ISS has recommended that its shareholders vote against resolutions seeking board representation from Mike Ashley' Frasers Group.
Domino's Pizza outlines new profitability plan as Q4 trading picks up
(Sharecast News) - Domino's Pizza Group, the UK master franchise of the American takeaway giant, on Monday announced a new "profitability and growth framework" with its franchise partners, that will see it invest an additional £3-4m per annum from next year.
Ascent Resources taps Giles Thieffry for chairman, launches new JV
(Sharecast News) - Oil and gas exploration firm Ascent Resources has tapped Gilles Thieffry to take over as non-executive chairman of the company.
Foresight extends share buyback by £5m
(Sharecast News) - Investment manager Foresight Group announced an extension of its share buyback programme on Monday, increasing the maximum amount by £5m to £15m.
IP Group ups buyback after sale of nine minority holdings
(Sharecast News) - Early-stage science investor IP Group plans to increase its share buyback plan after raising £15m from the sale of minority holdings in several portfolio companies.
GSK says US agrees to look at data for new use of COPD drug
(Sharecast News) - GSK said the US Food and Drug Administration has agreed to look at data from its MATINEE study to support the regulatory review process to obtain a new use of its Nucala drug as an add-on maintenance treatment for patients with chronic obstructive pulmonary disease (COPD).
EToro working on potential US listing - report
(Sharecast News) - EToro is reportedly working with Goldman Sachs on a potential initial public offering in the US.
Puig withdraws Charlotte Tilbury make-up spray, shares slump
(Sharecast News) - Puig shares slumped on Friday after the Spanish fashion and beauty company said a batch of Charlotte Tilbury make-up spray was being withdrawn from the market due to a quality issue.
FirstGroup inks £500m train lease deal to bolster open-access operations
(Sharecast News) - FirstGroup announced a £500m lease agreement with Angel Trains and Hitachi Rail for 14 new five-car class 80X high-speed trains on Friday, to support its open-access rail operations.
Guardian owner agrees deal to sell Observer to Tortoise Media
(Sharecast News) - The Guardian owner, the Scott Trust, has announced that the sale of The Observer to Tortoise Media has been agreed in principle, in a deal that will see the media investment firm take a stake in Tortoise.
National World 'minded to recommend' improved offer from Media Concierge
(Sharecast News) - National World said on Friday that it was "minded to recommend" a final and improved takeover offer from Media Concierge Limited at 23p per share in cash.
Jefferies cuts United Utilities and Severn Trent to 'hold'
(Sharecast News) - Jefferies has downgraded both United Utilities and Severn Trent from 'buy' to 'hold' ahead of this month's Ofwat final regulatory proposals, saying that the risk-reward looks more balanced at current valuations.
Quiz shares slump as group warns of potential need for further funding
(Sharecast News) - Clothing business Quiz warned on Friday that it may require additional funding as decreased footfall weighed on sales in the three months ended 30 November.
Camellia launches buyback after completing BF&M stake sale
(Sharecast News) - AIM-listed food producer Camellia has launched a £9m share buyback plan to return capital to shareholders following the completion of the $100m sale of its stake in Bermuda and Caribbean-focused insurer BF&M.
James Halstead trades in line with management expectations
(Sharecast News) - Floorings business James Halstead said on Friday that trading in the current financial year was on track to meet internal expectations of "continued progress".
Frasers launches bid to take over Norway's XXL
(Sharecast News) - Mike Ashley's Frasers Group said on Friday that it was launching a voluntary offer for all the shares in Norwegian sporting goods retailer XXL that it does not already own at 10 Norwegian kroner per share.
Berkeley Group profits fall as it lays out strategy
(Sharecast News) - Berkeley Group reported a pre-tax profit of £275.1m for the six months ended 31 October on Friday, a 7.7% decline compared to the prior year.
Direct Line shares spike as board agrees to higher Aviva offer
(Sharecast News) - Shares in Direct Line spiked on Friday after the UK insurer said it was ready to accept an increased offer from rival Aviva of 275p a share, valuing the company at £3.6bn.
Housing secretary approves rebuild plans for M&S Oxford Street
(Sharecast News) - Marks and Spencer received approval from the Secretary of State for Housing, Communities, and Local Government to redevelop its Marble Arch store on Oxford Street, it announced on Thursday.
Creditors can't prevent Thames Water from using £3bn loan to pay fines - report
(Sharecast News) - Thames Water's largest creditor group has been unable to prevent the company from using an emergency loan to pay expected fines from Ofwat over the coming year, according to Sky News.
Synectics awarded contracts in US, Philippines
(Sharecast News) - Security and surveillance systems specialist Synectics announced on Thursday that it has been awarded contracts totalling $2.7m to deploy its flagship Synergy software platform in gaming resorts in the Philippines and the United States.
Friday preview: US non-farm payrolls, Fedspeak in the spotlight
(Sharecast News) - As occurs at the start of each month, all eyes will turn towards the US on Friday and the release of the latest monthly non-farm payrolls figures.
Jefferies upgrades Diageo to 'buy'
(Sharecast News) - Jefferies upgraded Diageo to 'buy' from 'hold' on Thursday and lifted the price target to 2,800p from 2,300p.
Berenberg hikes target price on Halma
(Sharecast News) - Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,450.0p to 2,700.0p on Thursday as it acknowledged the group's sustainable growth model was in action.
Sales tick higher at revamped Marlowe
(Sharecast News) - Marlowe reported an uptick in half-year revenues on Thursday, in its first results since spinning off its occupational health division.
JPMorgan upgrades Bellway and Crest Nicholson, downgrades Taylor Wimpey
(Sharecast News) - JPMorgan Cazenove upgraded Bellway and Crest Nicholson on Thursday but downgraded Taylor Wimpey as it took a look at UK housebuilders.
Sabre Insurance expecting highest-ever gross written premium
(Sharecast News) - Sabre Insurance Group reaffirmed its 2024 guidance in an update on Thursday, as it expected to achieve its highest-ever gross written premium.
First-half revenue, earnings rise for Baltic Classifieds Group
(Sharecast News) - Baltic Classifieds Group reported a 17% improvement in first-half revenue on Thursday, to €41.8m, with core B2C and C2C classifieds streams, which account for 90% of revenue, also growing 17%.
Watches of Switzerland H1 revenues jump on US demand, profit falls
(Sharecast News) - Watches of Switzerland reported a jump in first-half revenue on Thursday amid solid US demand, but a drop in profit.
Brand Architekts shares double after Warpaint announces £14m takeover
(Sharecast News) - Shares in British cosmetics challenger brand Brand Architekts nearly doubled in price on Thursday after larger rival Warpaint announced a £13.9m takeover.
Alphawave IP chairman steps down
(Sharecast News) - Semiconductor business Alphawave IP revealed on Thursday that chairman John Holt was set to retire from the group for undisclosed "personal reasons".
GSK extends strategic vaccine collaboration with Zhifei
(Sharecast News) - Drugmaker GSK has revised and extended its strategic vaccine collaboration with Chinese firm Chongqing Zhifei Biological Products.
Future FY profits drop, returns to organic growth in H2
(Sharecast News) - Publishing company Future said on Thursday that profits had dropped in the 12 months ended 30 September but stated that it was "well positioned" after H2 momentum had driven a return to organic growth.
AstraZeneca cancer drug secures US approval
(Sharecast News) - AstraZeneca drug Imfinzi has been approved for use in the US for patients with limited stage small cell lung cancer, the biopharmaceutical specialist confirmed on Thursday.
FirstGroup to launch new Carmarthen-London rail service in 2027
(Sharecast News) - Bus and train firm FirstGroup has completed the acquisition of Grand Union, which holds track access rights for a new open access rail service between Carmarthen in Wales and London Paddington.
Ipsos pulls out of making binding offer for Kantar
(Sharecast News) - French polling company Ipsos has pulled out of making a binding offer for Kantar Media, just days after starting talks on a possible deal.
Tullow Oil CEO Rahul Dhir to step down in 2025
(Sharecast News) - Tullow Oil said on Thursday that Rahul Dhir will step down as chief executive officer and resign from the board next year "to pursue other business, academic and family interests".
Balfour Beatty flags robust full-year performance
(Sharecast News) - Infrastructure specialist Balfour Beatty reported a robust performance in a trading update on Thursday, with earnings growth expected and plans for further share buybacks in 2025.
Card Factory enters US market with $25m acquisition of Garven
(Sharecast News) - Greeting card and gift retailer Card Factory said on Thursday that it had entered the US market after acquiring Garven for $25m (£19.6m).
Shell, Equinor to form UK oil & gas joint venture
(Sharecast News) - Energy giants Equinor and Shell on Thursday said they were combining their British offshore oil and gas assets to create what they said would be the UK North Sea's biggest independent oil and gas producer.
Deutsche Bank upgrades Admiral, Aviva to 'buy'
(Sharecast News) - Admiral shot higher on Thursday as Deutsche Bank upgraded the stock to 'buy' from 'hold' and lifted the price target to 3,020p from 3,000p saying it was becoming more positive on the wider UK motor insurance space, particularly for those that are larger players such as Admiral, and those that are more disciplined.
Vistry Group strikes deal to build 950 homes in east London
(Sharecast News) - Vistry Group has agreed to build nearly 950 new homes near London's Olympic Park, the blue chip announced on Thursday.
Wood Group secures three engineering, project delivery agreements with BP
(Sharecast News) - Wood Group said on Thursday that it has secured three "major" agreements with BP to provide engineering and project delivery services for their capital projects worldwide.
AJ Bell reports record set of full-year results
(Sharecast News) - Investment platform AJ Bell reported record full-year financial results on Thursday, with revenue rising 23% year-on-year to £269.4m, while profit before tax increased 29% to £113.3m.
CMA clears Vodafone-Three merger as firms commit to £11bn 5G investment
(Sharecast News) - The Competition and Markets Authority has cleared the proposed merger between Vodafone and Three on the proviso that the companies promise to invest billions to roll out a combined 5G network across the UK.
Frasers shares dive as FY profit outlook cut on Budget, weak trade
(Sharecast News) - Shares in Frasers Group nosedived as the UK sportswear and fashion retailer lowered full-year profit forecasts, citing weaker consumer confidence leading up to and after the government's recent Budget and a tougher trading environment.
Profits slide at DS Smith amid 'challenging' market conditions
(Sharecast News) - DS Smith posted a slide in half-year earnings on Thursday, hit by "challenging" market conditions, including weaker prices and higher costs.
Thursday preview: US jobs data, OPEC meeting in the spotlight
(Sharecast News) - Investors' focus on Thursday will be on the US labour market.
Thursday preview: US jobs data, OPEC meeting in the spotlight
(Sharecast News) - Investors' focus on Thursday will be on the US labour market.
UnitedHealthcare CEO Brian Thompson shot dead in NY
(Sharecast News) - UnitedHealthcare chief executive Brian Thompson has been shot dead outside the Hilton Hotel in midtown Manhattan in an apparent targeted attack, New York police said on Wednesday.
AstraZeneca appoints Iskra Reic as vice-president of intl unit
(Sharecast News) - AstraZeneca said it had appointed AstraZeneca today announced the appointment of Iskra Reic as Executive Vice President (EVP), International with responsibility for overall strategy and driving sustainable growth across this broad region. This encompasses China, Asian and Eurasian markets, Middle East & Africa, Latin America, Australia & New Zealand. as executive vice-president of its international division with responsibility for overall strategy and driving sustainable growth across China, Asian and Eurasian markets, Middle East & Africa, Latin America, Australia & New Zealand.
US private sector adds fewer jobs than expected in November - ADP
(Sharecast News) - Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
Eli Lilly weight-loss drug Zepbound beats Wegovy in trial
(Sharecast News) - Eli Lilly said on Wednesday that a clinical trial had shown that patients taking its weight-loss drug Zepbound (tirzepatide) lost 47% more weight than those taking Novo Nordisk's Wegovy (semaglutide).
BA owner IAG 'most compelling' overweight in airline sector, says JPM
(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove said it was the "most compelling" overweight in the airline sector and added the stock to its Analyst Focus List and put it on "positive catalyst watch".
Vodafone sells remaining 3% stake in Indus Towers
(Sharecast News) - Vodafone said on Wednesday that it was selling its remaining 3% stake in India's Indus Towers.
Vodafone sells remaining 3% stake in Indus Towers
(Sharecast News) - Vodafone said on Wednesday that it was selling its remaining 3% stake in India's Indus Towers.
Canaccord Genuity nudges up target price on Greatland Gold
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on development and exploration firm Greatland Gold from 15.0p to 17.0p on Wednesday and reiterated their 'speculative buy' rating on the stock after the group completed its acquisition of the 70% of the Havieron project that it did not already own, in addition to the Telfer mine from Newmont.
Costain secures contract with HS2
(Sharecast News) - Construction and engineering group Costain has been awarded a new contract as a sole supplier to deliver tunnel and lineside mechanical and electrical systems for HS2.
ME Group points to record results, but shares fall
(Sharecast News) - Shares in instant-service vending equipment firm ME Group dipped on Wednesday despite the company pointing to record financial results for the full year, including double-digit growth in profits.
Treatt hails strong H2 as full-year profits rise
(Sharecast News) - Ingredients and flavour manufacturer Treatt reported a rise in full-year profit and revenue on Wednesday, as it hailed a particularly strong revenue performance in the second half.
Treatt hails strong H2 as full-year profits rise
(Sharecast News) - Ingredients and flavour manufacturer Treatt reported a rise in full-year profit and revenue on Wednesday, as it hailed a particularly strong revenue performance in the second half.
Zigup revenue falls in mixed first half
(Sharecast News) - Zigup reported a mixed half-year on Wednesday, with underlying revenues growing 5.6% to £775m on the back of robust performances in vehicle hire and claims services, although reported revenue slipped 0.8% to £903.6m due to weaker vehicle sales.
Drax CFO announces plans to retire
(Sharecast News) - Power generation company Drax said chief financial officer Andy Skelton was retiring his position and as an executive director.
Centrica and EDF extend operations at four nuclear power stations
(Sharecast News) - Energy suppliers Centrica and EDF have announced the extension of the lives of four operational nuclear power stations, which they say will help maintain grid stability in the UK.
Light Science Technologies flags record full-year revenue
(Sharecast News) - Light Science Technologies reported record full-year revenue in an update on Wednesday, with group sales rising around 29% over the 12 months ended 30 November, to £12m.
Legal & General hints at higher returns, reiterates full-year targets
(Sharecast News) - Financial services and investment group Legal & General has maintained profit guidance for the full year and hinted at more returns for shareholders than previously announced.
Rio Tinto sees higher copper output as Palliser renews call to scrap UK listing
(Sharecast News) - Rio Tinto on Wednesday forecast higher consolidated mined copper production for the 2025 financial year driven by higher output from its Oyu Tolgoi operation in Mongolia and also faced calls from hedge fund Palliser to scrap its dual listing structure.
Wednesday preview: France no-confidence vote, Global services PMIs in focus
(Sharecast News) - All eyes in the middle of the week will be on no-confidence votes against the French government.
NatWest on fast track back to private ownership - CEO
(Sharecast News) - NatWest Group is on track to return to full private ownership next year, its chief executive said on Tuesday.
On The Beach reinstates dividend, announces £25m share buyback
(Sharecast News) - On The Beach surged on Tuesday after the package holiday firm reinstated its dividend and announced a £25m share buyback as it posted a rise in full-year profit and revenue.
Vianet returns to profits, reinstates dividend
(Sharecast News) - Hospitality, vending and remote asset management data specialist Vianet Group reported a strong half-year financial and operational performance on Tuesday, as it returned to profitability, reinstated its interim dividend, and reaffirmed its confidence in achieving full-year growth targets.
Discoverie reiterates full-year targets, shares jump
(Sharecast News) - Discoverie Group said it was on track to meet full-year earnings on Tuesday following a "resilient" first half, sending the shares higher.
Genel Energy shares slide after losing arbitration hearing
(Sharecast News) - Shares in Genel Energy were sliding on Tuesday morning, after the London Court of International Arbitration ruled in favor of the Kurdistan Regional Government (KRG) late on Monday over the termination of the Bina Bawi and Miran production sharing contracts.
Berenberg raises target price on Direct Line following Aviva takeover bid
(Sharecast News) - Analysts at Berenberg raised their target price on Direct Line Insurance from 215.0p to 270.0p on Tuesday following Aviva's non-binding 250.0p per share offer for the group.
Gulf Marine Services wins new small-class vessel contract
(Sharecast News) - Gulf Marine Services, a provider of self-propelled, self-elevating support vessels for the offshore energy industry, announced the award of a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) region on Tuesday.
Marston's upbeat as full-year profits rise
(Sharecast News) - Pub group Marston's reported a rise in full-year profit and revenue on Tuesday as it struck an upbeat note about the outlook.
PRS Reit in 'active discussions' with a number of potential buyers
(Sharecast News) - Close-ended real estate investment trust PRS has announced that it is in "active discussions" with potential bidders after the recent revelation that it was considering a sale.
Galliford Try wins two new London contracts worth £87m
(Sharecast News) - Construction group Galliford Try announced on Tuesday that it has been awarded two commercial contracts in London with a combined value of £87m.
FCA boss signals willingness to allow Shein IPO
(Sharecast News) - The Financial Conduct Authority has signalled it would be potentially willing to green light Chinese retailer Shein's London £50bn debut, it was reported on Tuesday.
HgCapital announces sale of Dext Software
(Sharecast News) - HgCapital Trust announced the sale of bookkeeping automation solutions provider Dext Software to accountancy, education management, HR, and payroll specialist Iris Software Group on Tuesday.
Victrex cautiously upbeat on current trading, shares spike
(Sharecast News) - Shares in Victrex Group rallied in early trading on Tuesday, despite a slide in annual profits, after the polymer specialist said 2025 had got off to a "solid" start.
Wizz Air passenger numbers rise in November
(Sharecast News) - Budget carrier Wizz Air reported a 1.7% year-on-year jump in passenger numbers for November and a modest uptick in load factor on Tuesday.
Ryanair traffic jumps 11% in November
(Sharecast News) - Budget airline Ryanair reported an 11% jump in passenger numbers for November on Tuesday.
SSP full-year profits rise despite weakness in Continental Europe
(Sharecast News) - Upper Crust and Ritazza owner SSP reported a jump in full-year profit and revenue as good performances in North America and the UK helped to offset a disappointing performance in Continental Europe.
RBC Capital upgrades Ashtead to 'outperform', hikes price target
(Sharecast News) - RBC Capital Markets upgraded equipment rental firm Ashtead on Tuesday to 'outperform' from 'sector perform' and hiked the price target to 7,450p from 5,200p.
Oxford Metrics revenue and profits decline in FY24
(Sharecast News) - Smart sensors and software business Oxford Metrics said on Tuesday that both revenues and profits had dropped in the year ended 30 September, principally due to delayed purchase decisions and a slowdown in the global games industry.
Derwent London buys remaining share of 50 Baker St
(Sharecast News) - Derwent London announced the acquisition of the remaining 50% stake in its 50 Baker Street W1 project from joint venture partner Lazari Investments on Tuesday, for £44.4m, equating to £370 per square foot of the consented floor area.
Intel CEO Pat Gelsinger retires
(Sharecast News) - Intel said on Monday that chief executive Pat Gelsinger has retired after four years in the job.
US manufacturing PMIs increase in November
(Sharecast News) - The Institute for Supply Management's manufacturing purchasing managers index increased to 48.4 in November, up from 46.5 in October and ahead of forecasts of 47.5.
St James's Place planning to cut 500 jobs - report
(Sharecast News) - British wealth manager St James's Place is reportedly planning to make around 500 layoffs in the coming months.
Deutsche Bank upgrades Burberry, AB Foods, Kering
(Sharecast News) - Deutsche Bank upgraded Burberry, Associated British Foods and Gucci owner Kering on Monday as it took a look at consumer discretionary and luxury goods.
Berenberg lowers target price on GSK
(Sharecast News) - Analysts at Berenberg lowered their target price on drugmaker GSK from £18.20 to £16.00 on Monday after hosting chief financial officer Julie Brown at its 2024 Pharma CFO series.
Canaccord Genuity predicts big upside at PensionBee
(Sharecast News) - Canaccord Genuity has initiated coverage of personal pension scheme provider PensionBee with a 'buy' rating, viewing the investment as "the ultimate high-growth pension stock".
Thames Water taps Julian Gething for chief restructuring officer
(Sharecast News) - Embattled utility provider Thames Water has tapped AlixPartners' Julian Gething to oversee its debt restructuring as it looks to evade temporary nationalisation.
RBC Capital downgrades Persimmon, Vistry
(Sharecast News) - RBC Capital Markets upgraded Barratt Redrow and Crest Nicholson on Monday but downgraded Persimmon and Vistry as it took a look at UK housebuilders.
BATM receives $2.4m Edgility order
(Sharecast News) - Technology firm BATM Advanced Communications has received an order from an unnamed Tier 1 communications service provider for its Edgility platform.
Topps Tiles hits back after MS Galleon criticism
(Sharecast News) - Topps Tiles hit back on Monday after its largest shareholder MS Galleon criticised the tile specialist for a series of "costly blunders" and called on the board to overhaul its senior management and strategy.
Stellantis shares slump after CEO's shock departure
(Sharecast News) - Shares in auto giant Stellantis slumped on Monday after the shock resignation of Carlos Tavares as the chief executive over the weekend.
Citi reiterates 'buy' rating on BAE Systems
(Sharecast News) - Citi reiterated its 'buy' recommendation on BAE Systems on Monday after the shares slumped on Friday on the back of a downgrade by Bank of America Merrill Lynch.
Mothercare reports first-half loss as revenues drop
(Sharecast News) - Early-years brand Mothercare swung into the red in the first half after a sharp decline in revenues, but hopes that its new £30m joint venture in South Asia and recent refinancing will support growth going forward.
Supreme buys Typhoo Tea for £10.2m
(Sharecast News) - AIM-listed Supreme confirmed on Monday that it has bought Typhoo Tea out of administration for £10.2m in cash.
Metals Exploration makes takeover bid for Condor Gold
(Sharecast News) - Condor Gold said on Monday that it has received a non-binding takeover offer from AIM-listed group Metals Exploration.
International Public Partnerships performs steadily, reaffirms dividend target
(Sharecast News) - Infrastructure investor International Public Partnerships (INPP) reaffirmed its 2024 dividend target of 8.37p per share in a portfolio update on Monday, making for a 3% increase from 2023 and maintaining its record of annual dividend growth since its 2006 initial public offering.
UK Nov house prices rise at fastest rate in 2 years - Nationwide
(Sharecast News) - UK house prices rose in November at their fastest rate in two years, despite affordability pressures on buyers, according to data published by mortgage lender Nationwide on Monday.
TSB appoints Marc Armengol as new CEO
(Sharecast News) - TSB said on Friday that it has appointed Marc Armengol as its new chief executive officer.
Aptamer reports progress since July fundraise
(Sharecast News) - Aptamer Group, the developer of 'Optimer' binders for the life sciences industry, flagged solid operational progress in an update on Friday, reporting that since its £2.6m fundraising in July, it had achieved cost-reduction targets, streamlined scientific production, and executed a new commercial growth strategy.
Argent BioPharma to delist from London Stock Exchange
(Sharecast News) - Drug discovery company Argent BioPharma announced its intention to delist its ordinary shares from the London Stock Exchange on Friday.
Berenberg lowers target price on Johnson Matthey
(Sharecast News) - Analysts at Berenberg lowered their target price on diversified chemicals Johnson Matthey from 1,650.0p to 1,500.0p on Friday following the group's H125 results.
JP Morgan toasts European leisure sector
(Sharecast News) - JP Morgan has adopted a positive position on European hotel and gaming stocks, including upgrading France's Accor and reiterating its 'overweight' rating on Marston's.
Berenberg names JD Sports and Curry's among top consumer stock picks
(Sharecast News) - Berenberg has said it has a positive stance UK consumer stocks heading into 2025 due to depressed valuations and improving macro trends, naming JD Sports, Curry's and Dunelm among the best picks in the sector.
Narayana Health says not planning to make offer for Spire Healthcare
(Sharecast News) - Spire Healthcare shares had pared earlier strong gains by Friday afternoon after India's Narayana Health said it does not intend to make an offer for the company.
Peel Hunt swings to H1 profit as market conditions pick up
(Sharecast News) - AIM-listed investment banking group Peel Hunt swung to a first-half profit on the back of a big jump in revenues as the business capitalised on improving market conditions, though the outlook remains uncertain.
McBride refinances with EUR 200m credit facility
(Sharecast News) - McBride has successfully refinanced its banking facilities, it announced on Friday, securing a €200m revolving credit facility (RCF) with a four-year maturity and the option to extend by up to two years.
ABC secures TI Fluid Systems in £1bn deal
(Sharecast News) - UK engineer TI Fluid Systems has agreed to be taken over in a deal worth more than £1bn, it was announced on Friday.
Friday preview: UK consumer credit, euro area CPI in focus
(Sharecast News) - The market spotlight at the end of the week will be on the latest consumer credit and mortgage lending figures.
Typhoo Tea collapses into administration
(Sharecast News) - Typhoo Tea, one of Britain's oldest and most iconic tea brands, crashed into administration on Thursday after years of financial struggles.
JD Sports slowdown provides buying opportunity for investors, says Shore Capital
(Sharecast News) - JD Sports Fashion's share price took a dive last week after a gloomy third-quarter update, but analysts at Shore Capital reckon it's a good opportunity for investors to "get a foot in the door".
Typhoo Tea collapses, Supreme in takeover talks
(Sharecast News) - Typhoo Tea, one of Britain's oldest and most iconic tea brands, crashed into administration on Thursday after years of financial struggles.
RBC sees upside risk to consensus forecasts at easyJet
(Sharecast News) - RBC Capital Markets has upped its target price for easyJet on the back of the budget airline's positive outlook statement in this week's annual results, saying the company is positioned for profit growth in the coming year.
Kingfisher and M&S express interest in Homebase sites - report
(Sharecast News) - Marks & Spencer and Kingfisher have reportedly both expressed interest in taking over the sites of several Homebase stores after the DIY retailer fell into administration earlier in November.
Renewi 'minded to recommend' 870p a share takeover bid from Macquarie
(Sharecast News) - Renewi shares rocketed on Thursday after the waste management company said it was minded to recommend a £700m takeover proposal from Australian investment firm Macquarie Asset Management, should a firm offer be made.
Higher Aviva offer might be forthcoming if Direct Line engages, says Jefferies
(Sharecast News) - A higher takeover proposal from Aviva might be forthcoming, Jefferies said in a note on Thursday, as it commented on the insurer's £3.3bn takeover proposal for Direct Line.
Berenberg slightly raises target price on Weir Group
(Sharecast News) - Analysts at Berenberg slightly raised their target price on engineering giant Weir Group from 2,450.0p to 2,500.0p on Thursday as it said long-term value was continuing to emerge.
Cardiff Property grows profits, but gives cautious outlook
(Sharecast News) - Cardiff Property, the London-listed developer focused on the Thames Valley, reported a 10% increase in annual profits and declared a higher dividend on Thursday, but delivered a cautious outlook regarding how policy changes could affect the property market.
AEW UK reports robust first half
(Sharecast News) - AEW UK REIT reported a robust half-year financial and operational performance on Thursday, driven by gains in property valuations and steady rental income from its diversified portfolio of 32 commercial properties across the UK.
Foresight Group hikes dividend after solid first half
(Sharecast News) - Foresight Group reported a solid set of first-half results on Thursday, underpinned by growth in assets under management and a strong fundraising performance.
Galliford Try reaffirms full-year outlook
(Sharecast News) - Construction group Galliford Try reaffirmed its positive outlook and trading momentum on Thursday, ahead of its annual general meeting.
Tullow Oil lowers FCF guidance on payment delays
(Sharecast News) - Energy company Tullow Oil lowered full-year free cash flow guidance on Thursday on the back of payment delays.
THG shares jump as investors welcome demerger plans
(Sharecast News) - Shareholders of THG welcomed the ecommerce group's plans for its demerger on Thursday, with the company outlining proposals to separate its Ingenuity tech arm from its beauty and nutrition businesses.
Macfarlane set to end year in line with expectations
(Sharecast News) - Protective packaging specialist Macfarlane Group said in an update on Thursday that its performance for 2024 was set to align with full-year expectations, despite market headwinds impacting revenue and pricing.
Czech billionaire Kretinsky closing in on deal to buy Royal Mail - report
(Sharecast News) - The sale of Royal Mail to Czech billionaire Daniel Kretinsky's EP Group is reportedly close to being finalised and could be confirmed in the next two weeks.
Cranswick a 'great' business but 'fairly valued', says RBC Capital
(Sharecast News) - RBC Capital Markets downgraded food producer Cranswick to 'sector perform' from 'outperform' on Thursday but lifted the price target to 4,900p from 4,700p as it said it was a "great" business but "fairly valued".
Ocado Group shares slip as Morrisons stops deliveries from Erith warehouse
(Sharecast News) - Shares in grocery Ocado Group fell on Thursday after the logistics tech firm announced that Morrisons will cease using its customer fulfilment centre (CFC) in Erith for deliveries.
Energean hails 'strong' quarter, trims production outlook
(Sharecast News) - Energean called third-quarter trading "strong" on Thursday, with improved earnings and a jump in production, despite conflict in the Middle East.
Dr Martens shares stride ahead on Xmas sales hopes despite H1 loss
(Sharecast News) - Shares in Dr Martens surged on Thursday on signs of "encouraging" trading since the start of the autumn/winter season despite the troubled footwear maker swinging to a loss for the half year as its woes in the US continued.
Direct Line rejects £3.3bn takeover proposal from Aviva, shares surge
(Sharecast News) - Direct Line surged on Thursday after it rejected a £3.3bn takeover proposal from Aviva.
US pending home sales increase 5.4pc in October
(Sharecast News) - US pending home sales increased 5.4% year-on-year in October, according to the National Association Realtors, the biggest monthly gain since May 2021, following a 2.6% increase in September.
Thursday preview: German and Spanish CPI data due out
(Sharecast News) - Investor focus on Thursday will be on German and Spanish consumer price data for November.
FCA fines former Wizz Air exec for secret trading
(Sharecast News) - The Financial Conduct Authority said on Wednesday that it has fined András Sebők, former chief supply chain officer at Wizz Air, for trading company shares when he wasn't allowed and failing to disclose his trades.
Berenberg keeps 'sell' rating on Anglo after steelmaking coal exit
(Sharecast News) - Anglo American's first step of its simplification plan was welcomed by investors this week with shares rising after the sale of its metallurgical coal business; but Berenberg wasn't convinced, with the broker raising concerns about its restructuring strategy.
Air France-KLM said to be in talks to snap up 20pc stake in Air Europa
(Sharecast News) - Airline group Air France-KLM was said to be in talks to acquire a 20% stake in Spanish airline Air Europa, according to El Economista.
Jefferies downgrades Boohoo to 'hold', slashes price target
(Sharecast News) - Jefferies downgraded Boohoo on Wednesday to 'hold' from 'buy' and slashed the price target to 30p from 70p as it said "challenges persist".
Auction Technology Group posts solid FY numbers
(Sharecast News) - Online marketplace operator Auction Technology Group posted strong full-year numbers on Wednesday, leading it to provide some solid guidance.
Nationwide books £2.3bn gain on Virgin Money deal
(Sharecast News) - Nationwide has recorded a bigger-than-expected £2.3bn gain following its takeover of Virgin Money, the building society confirmed on Wednesday.
StanChart exploring sale of wealth & retail banking businesses in Africa
(Sharecast News) - Standard Chartered said on Wednesday that it is exploring the potential sale of its wealth & retail banking (WRB) businesses in Botswana, Uganda and Zambia.
Pets at Home cuts full-year profit outlook
(Sharecast News) - Pets at Home cut its full-year profit outlook on Wednesday as it highlighted a "subdued" market.
Pets at Home cuts full-year profit outlook
(Sharecast News) - Pets at Home cut its full-year profit outlook on Wednesday as it highlighted a "subdued" market.
'Challenging' conditions hit earnings at Johnson Matthey
(Sharecast News) - Johnson Matthey posted a drop in sales and profits on Wednesday, weighed down by the "challenging" macroeconomic backdrop.
Aston Martin raises £210m to support growth and help liquidity
(Sharecast News) - Luxury carmaker Aston Martin has announced it has raised £210m through share and private debt placings to support its growth and investment strategy and shore up its balance sheet, one day after announcing its second profit warning within two months.
Mitchells & Butlers swings to FY profit, sees 5% cost rise
(Sharecast News) - UK pub and restaurants group Mitchells & Butlers posted better-than-expected annual profits and said like-for-like trading in the first seven weeks of the current fiscal year was up 4%.
Pennon Group swings to half-year loss
(Sharecast News) - Pennon Group reported a statutory loss before tax of £38.8m for the first half on Wednesday, swinging from a profit of £3.2m year-on-year, as restructuring costs and investments weighed on the bottom line despite a 17.5% increase in underlying revenue to £527.2m.
Just Eat Takeaway to ditch London listing
(Sharecast News) - Just Eat Takeaway said on Wednesday that it plans to ditch its secondary listing on the London Stock Exchange after 24 December.
Motorpoint returns to profit in H1
(Sharecast News) - Vehicle retailer Motorpoint said on Wednesday that it had returned to profit in the six months ended 30 September and issued solid forward guidance.
GSK's liquid meningitis vaccine approved by EU regulators
(Sharecast News) - GSK's liquid meningitis vaccine Menveo has been approved by EU regulators, paving the way for a simpler vaccination process against invasive meningococcal disease (IMD).
GSK's liquid meningitis vaccine approved by EU regulators
(Sharecast News) - GSK's liquid meningitis vaccine Menveo has been approved by EU regulators, paving the way for a simpler vaccination process against invasive meningococcal disease (IMD).
EasyJet profits soar on holiday demand, smaller winter losses
(Sharecast News) - Low-cost airline easyJet reported a surge in full-year profit and boosted its dividend on strong summer holiday demand and a narrowing of winter losses as it swerved some of the problems faced by its rivals.
Aston Martin looking to raise more cash as it warns on profits again
(Sharecast News) - Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning.
Frasers to buy South Africa's Holdsport; takes stake in Marks Electrical
(Sharecast News) - Mike Ashley's Frasers Group said on Tuesday that it has agreed to buy South African sporting, outdoor and recreation goods company Holdsport for an undisclosed sum.
Quadrise shares soar on deal to kickstart innovative fuel trials
(Sharecast News) - Shares in AIM-listed Quadrise rocketed again on Tuesday after the cleaner fuel solutions group announced a project agreement that paves the way for the long-awaited trials of the company's MSAR and bioMSAR fuels.
Co-op Bank to return £90m to shareholders ahead of merger
(Sharecast News) - The Co-operative Bank said on Tuesday that it will return £90m to shareholders as it hailed a "robust" third-quarter trading performance.
RBC expects Next to beat forecasts, upgrades to 'outperform'
(Sharecast News) - RBC Capital Markets has upgraded its rating for high street retailer Next from 'sector perform' to 'outperform', saying that the company should beat market current market expectations for revenue.
JPMorgan hikes Melrose Industries price target, shares surge
(Sharecast News) - Melrose Industries surged on Tuesday as JPMorgan Cazenove hiked its price target on the shares to 850p from 650p and placed them on "positive catalyst watch" ahead of full-year results in March.
Severfield warns on profits despite first-half growth
(Sharecast News) - Shares in structural steel group Severfield were sliding on Tuesday morning, despite a 17% rise in first-half revenue to £252.3m, as the company warned on profits amid a number of short-term headwinds.
Canaccord Genuity lowers target price on Halfords
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on automotive retailer Halfords from 146.0p to 127.0p on Tuesday, citing increased net interest costs.
Macquarie fined £13m after junior trader posts 400 fake trades to cover losses
(Sharecast News) - Australia's Macquarie Bank has been fined £13m by Britain's financial regulator after a junior trader concealed trading losses by posting 400 fake trades.
Renew delivers record results as annual revenues top £1bn
(Sharecast News) - Infrastructure engineering services firm Renew on Tuesday delivered record full-year results in line with recently upgraded forecasts, with revenues growing by almost a fifth, as the company reported a confident outlook.
LondonMetric earnings improve on back of growing rental income
(Sharecast News) - LondonMetric Property reported a significant increase in first-half earnings on Tuesday, as net rental income soared 154% year-on-year to £193.1m.
Brickability shares jump on upbeat outlook, solid H1 results
(Sharecast News) - Shares in Brickability jumped on Tuesday after the construction products group expressed confidence in hitting full-year market expectations after a solid first half, saying it is seeing early signs of a recovery in end-markets.
Shaftesbury Capital reports strong leasing momentum
(Sharecast News) - Shaftesbury Capital highlighted strong leasing momentum and a robust financial position in a trading update on Tuesday.
Telecom Plus targets dividend boost as customer numbers, profits grow
(Sharecast News) - Utilities provider Telecom Plus said it was on track to meet full-year guidance and targeted a dividend increase of at least 13% after a sharp increase in customer numbers offset a decline in revenues due to lower energy prices.
Halfords interim profits fall; Budget changes to add £23m in costs
(Sharecast News) - Retailer Halfords said on Tuesday that changes to National Insurance contributions and minimum wage announced in last month's Budget will increase its costs by around £23m, as it reported a dip in interim revenue and profit.
Compass Group confident after solid full-year growth
(Sharecast News) - Food service giant Compass Group reported a robust full-year performance on Tuesday, with a 10.6% increase in revenue to $42.2bn.
Cranswick FY profits, revenue rise amid 'healthy' demand
(Sharecast News) - Food producer Cranswick backed its guidance for the full year on Tuesday as it reported a jump in interim profit and revenue amid "healthy" demand.
IG Design Group H1 profits slump amid revenue decline
(Sharecast News) - Gift wrap and greetings cards manufacturer IG Design Group said on Tuesday that both revenue and profits had fallen in the six months ended 30 September.
AO World lifts forecast despite 'Morecambe and Wise' summer
(Sharecast News) - Electrical retailer AO World lifted full-year forecasts after a surge in interim earnings, despite what its chief executive called a "Morecambe and Wise" summer.
Wednesday preview: US PCE price, durable goods orders data in focus
(Sharecast News) - The market spotlight on Wednesday will be on a deluge of economic data due out in the States.
Deutsche Bank upgrades Weir Group to 'buy'
(Sharecast News) - Deutsche Bank upgraded Weir Group on Monday to 'buy' from 'hold' and upped the price target to 2,580p from 2,200p as it said it was positioned for growth.
Mkango shares surge on HyProMag USA feasibility study
(Sharecast News) - Mkango Resources announced the results of a feasibility study for its HyProMag USA project on Monday, which it described as a rare earth magnet recycling and manufacturing operation planned for the US.
Macy's says staffer hid up to $154m in delivery expenses
(Sharecast News) - US retail store chain Macy's has been forced to delay publication of its third-quarter results, after an employee hid up to $154m in delivery expenses, while preliminary results showed sales missed expectations.
Gail's owner taps Goldman Sachs to oversee auction
(Sharecast News) - Bread Holdings has tapped Goldman Sachs to oversee the auction of British bakery chain Gail's in 2025.
Software Circle agrees new £16.7m loan facility
(Sharecast News) - Software Circle announced a new loan facility agreement with Shawbrook Bank on Monday, securing up to £16.7m in financing.
UniCredit offers to buy rival Banco BPM in €10bn all-stock deal
(Sharecast News) - Italy's UniCredit said on Monday that it has offered to buy rival Banco BPM in a €10.1bn (£8.4bn) all-stock deal.
Barclays fined £40m over 'reckless' 2008 Qatar deal
(Sharecast News) - Barclays Bank has been fined £40m by Britain's financial regulator over alleged secret payments to Qatar during the 2008 global financial crisis to avoid a UK government bailout.
ITV surges as suitors said to be circling again
(Sharecast News) - Shares in ITV surged on Monday following a report over the weekend that potential suitors have begun circling the broadcaster again after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.
Benchmark Holdings offloads genetics unit
(Sharecast News) - Aquaculture biotechnology company Benchmark Holdings has disposed of its genetics unit for an enterprise value of up to £260.0m.
GSK's Blenrep treatment accepted for review by FDA
(Sharecast News) - Pharma titan GSK has announced that US regulators have accepted for review Blenrep combinations for the treatment of relapsed or refractory multiple myeloma.
IHG to provide Chase credit cards to US loyalty members
(Sharecast News) - Hotels group InterContinental has signed a new agreement with JPMorgan Chase Bank to launch new co-branded credit cards to its IHG One Rewards scheme members in the US.
Rentokil appoints Paul Edgecliffe-Johnson as CFO
(Sharecast News) - Rentokil Initial said on Monday that it has appointed Paul Edgecliffe-Johnson as chief financial officer with effect from 1 January 2025.
Kingfisher shares drop on weak profit outlook, Q3 sales miss
(Sharecast News) - Shares in Kingfisher tanked on Monday after the B&Q and Screwfix owner nudged down the midpoint of its annual profit guidance following a weak third quarter, in which group like-for-like sales fell more than forecast.
AstraZeneca reports positive results from prostate cancer trial
(Sharecast News) - AstraZeneca announced positive results from a phase three prostate cancer trial on Monday, reporting that its AKT inhibitor 'Truqap', or capivasertib, in combination with abiraterone and androgen deprivation therapy (ADT), significantly improved radiographic progression-free survival (rPFS) in patients with PTEN-deficient metastatic hormone-sensitive prostate cancer (mHSPC).
Anglo American sells steelmaking coal unit to Peabody for $3.77bn
(Sharecast News) - Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for $3.77bn in cash as part of its pivot to be a copper, premium iron ore and crop nutrients business.
CMA says Apple's browser policies hinder innovation
(Sharecast News) - The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple's policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Unilever to separate ice cream business by end 2025
(Sharecast News) - Consumer goods giant and Ben & Jerry's parent Unilever said on Friday that it remains on track to deliver its €800m productivity programme and to separate its ice cream business by the end of next year.
Canaccord Genuity raises target price on Sage
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on software firm Sage from 970.0p to 1,090.0p on Friday after the group's FY24 results gave it a "feeling of déjà vu".
Ryanair to appeal "baseless" Spanish fine on baggage fees
(Sharecast News) - Ryanair has said it would appeal a €108m fine from Spain's Ministry of Consumer Rights for alleged unnecessary customer charges, like the fees it takes for additional cabin luggage.
Life insurers need to work quicker to handle bereavements, says FCA
(Sharecast News) - The Financial Conduct Authority has urged life insurers to avoid "unnecessary delays" when settling life insurance claims quicker and improve their customer experience.
Berenberg starts coverage of Clarksons at 'buy', shares rally
(Sharecast News) - Clarksons shares rallied on Friday as Berenberg started coverage of the shipping services firm with a 'buy' rating and 5,075p price target.
UK business output contracts in November
(Sharecast News) - UK business output contracted in November for the first time in more than a year, according to a survey released on Friday.
DFS hails improved trading, appoints interim CFO
(Sharecast News) - DFS Furniture hailed an improvement in trading on Friday as it announced the appointment of an interim chief financial officer.
Amigo makes progress with wind-down process
(Sharecast News) - Amigo, the former mid-cost credit provider now in run-off, reported its interim financial results on Friday, reflecting significant progress in its wind-down process under the fallback scheme.
JPMorgan Cazenove downgrades JD Sports, slashes price target
(Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of JD Sports on Friday to 'neutral' from 'overweight' following results a day earlier.
Ofgem hikes energy price cap to £1,738 per year
(Sharecast News) - Th energy price cap for the first quarter of 2025 has been raised by 1.2%, according to a statement on Friday by Ofgem, meaning that the average household could pay up to £1,738 a year on average for electricity and gas.
Workspace hikes dividend after first-half growth
(Sharecast News) - Workspace Group reported a 4.3% increase in underlying net rental income to £60.2 for its first half on Friday, driven by strong customer demand and portfolio management.
GSK's Arexvy approved for wider age range in Japan
(Sharecast News) - Biopharma giant GSK has announced that Japanese regulators have expanded the approved use of its Arexvy vaccine for severe respiratory syncytial virus (RSV) disease to a wider age range.
Games Workshop shares hit record high after lifting H1 guidance
(Sharecast News) - Shares in Warhammer maker Games Workshop surged by 16% and hit a record high on Friday after the company lifted half-year guidance on the back of better-than-expected trading in the last two months.
Friday preview: Global PMIs, Univeler in focus
(Sharecast News) - Markets' attention at the end of the week will be on the release of a raft of purchasing managers' surveys for manufacturing and services in the euro area, UK and US.
Peel Hunt starts Avacta at 'buy' with 99p price target
(Sharecast News) - Peel Hunt initiated coverage on Avacta on Thursday with a 'buy' rating and 99p price target as it pointed out three key aspects of the investment case.
Resolute Mining CEO, execs freed by Mali government
(Sharecast News) - Resolute Mining said chief executive Terence Holohan and two other executives have been released by authorities in Mali after reaching a deal to pay the government $160m over a tax dispute.
Shore Capital stays positive on JD Sports despite weak guidance
(Sharecast News) - Shares in JD Sports Fashion tumbled on Thursday after the sportswear retailer disappointed with its profit guidance, but it wasn't enough to change Shore Capital's 'buy' rating on the stock with the broker citing an undemanding valuation.