Rolls-Royce (LON:RR) shares rose around 3 percent on Thursday morning, after the British engine-maker said it expected full year profit to come in at the higher end of expectations. Underlying operating profit rose to £205m in the first half of the year, up from £141 million in the same period of 2017. This came despite […]

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Aviva (LON:AV) shares fell in morning trading on Thursday, after reporting a slight fall in profit in the first half of the year. Operating profit fell 2 percent to £1.44 billion, down from £1.47 billion a year earlier, with operating earnings per share increased 4 percent to 26.8 pence. The insurance giant attributed the weak […]

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Gold miner Centamin (LON:CEY) saw shares edge down in morning trading on Thursday, despite profit rising by over a third over the period. Profit before tax rose 34 percent in the six months to June 30th, with total revenues rising by 2 percent to hit $296.4 million. Earnings (EBITDA) rose by 16 percent to $129.7 […]

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London Stock Exchange Group (LON:LSE) saw shares rise nearly 3 percent on Thursday morning, after strong performance from its information services division led to a profit increase. For the six months to 30 June, profit before tax rose 30 percent to £360 million, with adjusted operating profit up 21 percent to £480 million. Revenue also […]

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Publishing group Vitesse Media (LON:VIS) has raised around £18.7 million to fund its planned acquisition of InvestmentNews, it was announced on Wednesday. The group raised the funds from a discounted share placing launched on Tuesday, with the aim of raising around £22.5 million. New shares in the company were issued at 2 pence each, a […]

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Wealth manager St. James’s Place gave investors a boost by increasing its dividend by 20 percent, after a strong first half performance. The group declared an interim dividend of 18.49p per share, with CEO Andrew Croft saying there had been “continued strong growth across all areas of our business”. Pre-tax profit rose 4 percent to […]

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BAE Systems (LON:BA) saw shares slip on Wednesday morning, after reporting a fall in profits in the first half of the year. Operating profit fell 10.5 percent to £792 million in the first half of the year, led by a 3 percent dip in sales to £8.8 billion. Revenue also sunk 5 percent to £874 […]

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Lloyds Banking Group (LON:LLOY) reported an increase in profit for the first half of the year, after a fall in its PPI charge. Underlying profit rose by 7 percent to £4.2 billion in the six months to June, with statutory profit before tax up 23 percent to $3.1 billion. Total income came in 2 percent […]

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Clothing retailer Next (LON:NXT) defied recent high street gloom with its latest quarterly results, with online sales driving a strong performance. ‘Full price’ sales grew by 4.5 percent in the first half, with a 12.5 percent boost to online sales offsetting continued weakness on the high street. Next entered sale a week earlier than the […]

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Housebuilder Taylor Wimpey (LON:TW) said it remained confident about full year trading figures, after reporting an increase in first half profit. First half pretax profit rose to £301 million, up from £205 million in the same period last year, with the housing market remaining strong and sending the UK private average selling price up to […]

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Shares in bakery chain Greggs (LON:GRG) rocketed nearly 10 percent in early trading on Tuesday, after reporting a solid rise in both pretax profit and sales in the first half of the year. For the 26 weeks to 30 June, reported pretax profit rose to £24.1 million from £19.4 million a year earlier. Like-for-like revenue […]

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Oil giant BP (LON:BP) reported a jump second quarter in profits on Tuesday, boosted by higher production and a recovery in the oil market. Profit on a an underlying replacement cost basis hit $2.79 billion, up from $684 million a year earlier. Statutory pre-tax profits were up almost 150pc to $10 billion. First-half underlying replacement […]

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Travis Perkins (LON:TPK) shares sunk over 8 percent in early trading on Tuesday, after slashing profit outlook on the back of weak demand. The home improvement retailer wrote down the value of its Wickes business, after it was hit by weaker consumer spending trends and tough competition. The challenging environment led the group to take […]

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Shares in Heineken witnessed their biggest drop in over three years on Monday, after quicker than expected expansion in one of its least profitable areas. Its presence in Brazil grew quicker than expected during the first half of the year, after it became the biggest brewer in the country in the wake of its acquisition […]

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Shares in newspaper publisher Reach (LON:RCH) slumped on Monday morning, after reporting a hefty half-year loss amidst a more “challenging outlook”. The publisher, who changed its name from Trinity Mirror recently, reported a £113 million pre-tax loss for the half year to 1st July, despite a 10.6 percent rise in group revenue. However this largely […]

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Shares in specialist insurer Hiscox (LON:HSX) shot up over 7 percent on Monday morning, after a boost to premiums had a positive impact on profits. For the half year to June 30th, pre-tax profit rose 27 percent to $163.6 million, on the back of a 20.3 percent increase in gross written premiums to $1,155.8 million. […]

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Estate agent Foxtons (LON:FOXT) reported a loss in the first half of the year, driven by a slowing demand for housing in London. The group reported a pre-tax loss of £2.5 million, down from a profit of £3.8 million a year earlier. Revenue dropped to £53.0 million, down from £58.5 million, and adjusted earnings (EBITDA) […]

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Recruitment firm RTC reported a “highly satisfactory” set of results on Monday, sending shares up nearly 2 percent in morning trading. Profit before tax rose 31 percent to £0.77 million, up from £0.59 million the year before, with revenue coming in 17 percent higher at £41.1 million. For the recent half year period, basic earnings […]

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Food product supplier Cranswick (LON:CWK) saw shares edge down at market open on Monday, despite reporting an impressive revenue boost for the first quarter of the financial year. In line with expectations, revenue rose 7 percent on the year before, despite lower selling prices caused by a fall in the average UK pig price. The […]

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US economic growth rose to an annualised rate of 4.1 percent in the second quarter of the year, according to the latest figures from the Department of Commerce. The growth rate was the fastest since the third quarter of 2014, boosted largely by consumer spending. The annualised growth rate for the first quarter of the […]

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Twitter (NYSE:TWTR) shares tumbled over 17 percent on Friday, after reporting an ongoing fall in monthly user numbers. The company said that monthly users were down by one million on the previous quarter, at 335 million, and added that it expected the figure to continue to fall in the third quarter as the company continues […]

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Services company CSF Group (LON:CSFG) saw shares rise over 2 percent on Friday, after reporting an annual pre-tax profit on the back on sales of subsidiary companies. Pretax profit was RM113.9 million for the year to the end of March, up from a loss of RM33.2 million a year earlier. Revenue fell however, to RM23.9 […]

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Rightmove (LON:RMV) shares traded down over 3 percent on Friday, after reporting a rise in both revenue and profit for the six months to June. Pre-tax profit for the six month period rose to £98.1 million, with revenue up 10 percent to £131.1 million. The company declared an interim dividend of 25.0p per share, up […]

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Publishing group Pearson (LON:PSON) saw shares rise on Friday, after recording a notable first half profit in the first six months of the year. Pre-tax profit for the six months through June hit £202 million, up from the £10 million loss the group reported this time last year. Pearson said it had been boosted by […]

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Royal Dutch Shell (LON:RDSB) profits fell short of expectations in the second quarter, sending shares down in morning trading on Thursday. Net income attributable to shareholders in the quarter, based on a current cost of supplies (CCS) and excluding identified items, rose 30 percent to $4.691 billion, well below the company-provided analysts’ consensus of $5.967 […]

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Shares in Cobham (LON:COB) plunged over 10 percent on Thursday, after the company confirmed that it had not received payment from one of its biggest clients for recent work on an aircraft. The dispute, between Cobham and Boeing over work on a KC-46 aerial tanker aircraft, escalated after Cobham said Boeing was withholding payment due […]

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Broadcasting giant Sky (LON:SKY) reported an “exceptional” financial year on Thursday, boosted by strong demand for its Sky Q service. Revenues came in 5 percent higher for the full year, hitting £13.6 billion, up for the 29th consecutive year. Statutory operating profit rose by 7 percent to £1.034 billion, with earnings before interest, tax, depreciation […]

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Shares in miner Anglo American (LON:AAL) fell nearly 2 percent at market open on Thursday, after it reported a 9 percent fall in net profit for the first half of the year. Anglo American’s profit for the six months ended June 30 fell to $1.29 billion, down from $1.42 billion in the year-earlier period. However, […]

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Shares in catering company Compass (LON:CPG) fell on Thursday, after the group reported a more challenging business environment in Europe. The group managed to record a positive performance for the third quarter period, with organic revenue up by 5.7 percent across the whole group. Organic revenue growth in North America was up 7 percent, boosted […]

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Drinks giant Diageo (LON:DGE) reported a rise in both pre-tax profit and net sales on Thursday, alongside the announcement of a £2 billion share buyback programme. The group said the decision would take them to the next level as the world’s biggest distiller, following an earlier share buyback of £1.5 billion in June. “On 26 […]

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National Express (LON:NEX) shares shot up in early trading on Wednesday, after profits jumped by nearly a quarter in the first half of 2018. Half year pre-tax profit rose by 24 percent to £80.1 million in the first half of 2018, with group revenue rising by £0.4 billion to £1.21 billion. The group’s North American […]

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British American Tobacco (LON:BATS) shares rose over 4 percent on Thursday morning, after reporting a significant jump in both revenue and profit. Operating profit rose 72.4 percent to £4.44 billion in the six months to June, with revenue up by 56.9 percent to £11.64 billion. Adjusted operating profit fell, however, by 5.4 percent and strong […]

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Shares in clothing brand Joules (LON:JOUL) jumped at market open on Wednesday, after the group reported strong growth across both retail and wholesale. Joules reported an 18.4 percent jump in revenue, with underlying annual pre-tax profit up 28.5 percent to £13.0 million in the year to May. Underlying earnings (EBITDA) rose 24.4 percent to £21.1 […]

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Like-for-like sales rose slightly at pub chain Marston’s (LON:MARS), boosted by World Cup beer sales and good weather. Like-for-like sales rose 0.9 percent over the past 16 weeks, with total revenue up 5.2 percent over the period. Total volumes in the first 42 weeks of the financial year were up 61 percent year-on-year, total managed […]

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International bank Santander (BME:SAN) warned of a ‘challenging’ environment in the UK, reporting a 16 percent fall in earnings in the region. The bank said it earned €3.75 billion in the January-to-June period, increasing its customer base by three million to 140 million. Global profits were up by 4 percent after strong growth in the […]

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Pharmaceutical company Indivior (LON:INDV) warned that the release of a generic version of one of its best-selling drugs will likely have a “materially higher” impact on profits than first anticipated. First-half net profit fell by 6 percent to $162 million from $153 million year earlier, and net revenue fell by 5 percent to $524 million […]

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Antofagasta (LON:ANTO) shares dropped on Wednesday morning, despite a rise in both copper and gold production in the second quarter. Copper production rose by 6.1 percent in the second quarter to hit 163,200 tonnes, with output rising across all operations. However, the news was weighed by an 8.5 percent fall in copper output on a […]

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Shares in budget airline Wizz Air (LON:WIZZ) tumbled over 6 percent on Wednesday morning, after industrial action from air traffic controllers impacted quarterly results. Profit for the three months through June fell to €50 million, despite recording an 18 percent rise in revenue to €553.4 million. The group blamed the fall in profits on air […]

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Vodafone (LON:VOD) reported falling revenue growth in the first quarter on the back of a weak performance in Italy and Spain, but reiterated its full-year annual earnings guidance. Revenue dropped by 4.9 percent in the first quarter of the year, led by a 1.3 percent decline in organic sales revenue in Europe and a 22.3 […]

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Shares in ITV (LON:ITV) fell in early morning trading on Wednesday, after a mixed set of third quarter results and the announcement of a new growth strategy. First-half adjusted profit fell by 7 percent, but revenue rose by 8 percent. Total EBITA was down 7 percent to £375 million, but broadcast and online revenues rose […]

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Financial services firm WH Ireland (LON:WHI) saw shares tumble over 8 percent on Thursday morning, reporting a financial loss and the departure of its CEO. The group recorded an operating loss of £1.6 million in its annual results for the 16 months to the end of March, after significant changes to the business and the […]

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Food packing firm Hilton Food Group (LON:HFG) reported trading in line with expectations for the first half of the year, as it looks to expand both domestically and overseas. In a trading update for the 28 weeks to the 15 July the company reported growing UK turnover, with “encouraging” growth in its Irish business. Its […]

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Alternative cinema chain Everyman Media Group (LON:EMAN) reported performance in line with expectations for the year to July, sending shares up over 5 percent. The group, who are spearheading the “rise of independent cinema”, ended the period with 22 cinemas in operation, including a new four screen cinema in York. In an update, Everyman said […]

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Retail sales increased by 2.1 percent in the three months to June, with food sales strong on the back on good weather and World Cup celebrations. In the three months to June 2018 the quantity bought in retail sales increased by 2.1 percent, with sales at food stores growing by 2.2 percent, the largest growth […]

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Consumer goods giant Unilever saw sales fall slightly in the first half of the year, but said it expects its full year results to remain unaffected. Sales dipped in the first half, with pre-tax profits falling €3.2 billion, down from €3.3 billion for the same period in 2017. Underlying sales rose 1.9 percent however, with […]

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Profits dropped at energy giant SSE (LON:SSE) over the first quarter, with the UK heatwave and higher gas prices hitting financial results. The group took an £80 million hit over the three month period, after households used around 10 percent less gas than expected due to the hot weather. A fall in customer accounts also […]

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Sports Direct (LON:SPD) shares took a near 10 percent hit on Thursday morning, after reporting plummeting pre-tax profits. Pre-tax profits fell to £77.5 million in the year to April, a significant fall from the £281.6 million recorded the year before. The company mainly attributed this to the fall in value of its large stake in […]

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Leading tool and equipment hire provider Speedy (LON:SDY) announced the appointment of its new chairman on Thursday, adding that it was on track to meet full-year expectations. Revenue for the first quarter of the year increased by 6.6 percent re-disposals, with its hire revenue and services revenues up by 5.5 percent and 8.4 percent respectively. […]

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Mining giant Anglo American (LON:AAL) reported a 6 percent increase in total production on Thursday, after a strong performance from both its copper and platinum divisions. Copper production for the three months to 30 June increased by 12 percent to 158,000 tonnes, with platinum output set to total 2.4-2.45 million ounces for the full year, […]

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SSP Group (LON:SSPG) saw their third quarter figures boosted by a growth in passenger numbers at UK airports, the company said in their latest set of quarterly results. Revenue rose 5.8% in its fiscal third quarter, up 7.3 percent on a constant currency basis. Like-for-like sales growth jumped 2.7 percent, with the group boosted by […]

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UK wages were up by around 2.5 percent in the three months through May, according to the Office for National Statistics, in line with market expectations. The 2.5 percent rise was the slowest growth recorded over the last six months, down from 2.6 percent seen the period previously. Pay excluding bonuses came in at 2.7 […]

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British Land Group (LON:BLND) reported good financial progress over the last quarter, but said that the retail environment remained “challenging”. The group reduced its loan-to-value ratio to just 26 percent, adding that it would be increasing its first interim dividend by 3 percent to 7.75 pence. Its offices division continues to perform well, with the […]

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Dairy Crest (LON:DCG) shares edged up on Tuesday morning, after reporting a 6 percent rise in revenues for the group’s key brands. Combined sales revenues of Dairy Crest’s four key brands – Cathedral City, Clover, Frylight and Country Life – were 6 percent higher in the recent quarter. Cathedral City and Clover, its two biggest […]

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Royal Mail (LON:RMG) reported a small rise in revenues on Tuesday, on the back of continued parcel volume growth and a strong performance from its international business. The group reported a 1 percent rise in underlying first-quarter revenue, despite a 7 percent fall in revenue from letters. Its international logistics business, GLS, reported a strong […]

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Galliford Try shares rose over 5 percent on Tuesday morning, after achieving significant growth in both revenue and profit across the full-year period. In a trading update, the group said total completions are expected to increase 4.4 percent to 3,442 units from 3,296, with the contracting order book standing at £1.05 billion for the year. […]

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Shares in telecoms group TalkTalk (LON:TALK) shot up on Tuesday morning, after posting a significant rise in first quarter revenue and the addition of more customers. Revenue rose 4.3 percent in the first three months of the financial year, and added around 80,000 more broadband customers to bring its total up to 4.2 million. TalkTalk […]

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Bakery manufacturer Finsbury Food Group (LON:FIF) reported a significant fall in revenue in its full-year results, sending shares down on Monday morning. The group said revenue fell 3.4 percent to £303.6 million in the year to June 30. Its UK bakery division grew 2.8 percent on a like-for-like basis in the period, however, ahead of […]

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The Chinese economy grew at its slowest pace since 2016 in the second quarter, as the country grapples with monetary policy decisions amidst mounting tension with the US. China’s economy grew at an expected 6.7 percent in the second quarter, with key readings on investment growth and industrial output also slowing in June. Retail sales […]

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Shares in addiction treatment specialist Indivior (LON:INDV) soared on Monday morning, after announcing a legal breakthrough in the US. The group’s shares fell by a third last week after it emerged that Indian company Dr Reddy’s Laboratories had been given the green light to sell a generic version of Invidior’s best selling drug. However, on […]

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Hargreaves Lansdown shares became the FTSE 100’s biggest faller on Monday, after Financial Conduct Authority said it may ban companies from charging exit fees that discourage customers from moving their accounts elsewhere. The FCA found that consumers were often put off making a switch due to it being difficult and time-consuming, as well as costly. […]

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Newcastle-based building firm Northern bear reported a 9 percent rise in profit on Monday, alongside a special dividend. Pre-tax profit for the year through March rose to £2.6 million, with revenue up 18 percent to £53.6 million. Gross profit from continuing operations increased to £10.5 million, up from £9.3 million the year previously, while gross […]

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Sports retailer Sports Direct (LON:SPD) is expected to post a strong set of full-year figures on Thursday, with underlying profit before tax set to rise by over 50 percent. The hotly-anticipated full-year figures come after profits took a hit in the 2016-17 financial year, as the group struggled with sterling’s steep devaluation. On Thursday however […]

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ZTE (HKG:0763) shares soared on Monday morning, after the US lifted a ban on trading that had jeopardised the company’s future. US President Donald Trump intervened to end the ban, which was imposed in April after ZTE was found to have violated US sanctions against Iran and North Korea. The company was forced to halt […]

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Window manufacturer Safestyle UK saw shares tumble nearly 20 percent on Wednesday morning, after warning that it would be likely to report an underlying loss for the full year. The group, who manufacturer PVCu replacement windows and doors to the UK homeowner market, said gross margins had been impacted by higher digital marketing costs and […]

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Shares in the UK’s largest software group Micro Focus (LON:MCRO) fell nearly 10 percent in morning trading on Wednesday, after reporting a loss for the first half of the financial year. The group disclosed a $68.5 million pre-tax loss for the six months to April, a significant fall from the $83.2 million profit recorded over […]

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21st Century Fox increased their takeover bid offer for Sky (LON:SKY) on Wednesday, upping their offer to £14 per share and beating a rival offer from Comcast. The new offer values Sky at £24.5 billion, representing a 12 percent premium to Comcast’s £22 billion bid pitched at £12.50 per share. 21st Century Fox already owns […]

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Recruitment company PageGroup (LON:PAGE) raised its 2018 guidance on Wednesday, after reporting a record quarterly gross profit. In a trading update, the group said full-year operating profit was likely to be slightly ahead of market consensus after a 12.5 percent rise in earnings in the first half. Gross profit for the six months through June […]

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Pub chain JD Wetherspoon (LON:JDW) shares shot up on Wednesday morning, after saying full-year performance was likely to be in line with expectations after a significant rise in sales. In the year to date, like-for-like sales increased by 5.2 percent and total sales by 4.2 percent. For the 10 weeks to 8 July 2018, like-for-like […]

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Housebuilder Barrett Developments (LON:BDEV) reported record pre-tax profits on Wednesday, sending shares up in early morning trading. The group reported pre-tax profits of around £835 million, boosted by strong performance in its regional business, and completions soaring to their highest figure in a decade. The average selling price of Barratt’s homes rose by 5.1 percent […]

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Shares in fashion brand Burberry sunk over 4 percent on Wednesday, after launching a £150 million share buyback programme and reporting a rise in revenue. Sales rose 3 percent in the quarter to June, hitting £479 million, up from £478 million in the same period last year the same period a year ago. Softer demand […]

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UK and Ireland Tesco CEO Charles Wilson announced his resignation on Tuesday, in order to deal with his cancer diagnosis. He will remain on Tesco’s executive committee and lead the integration of the recently-acquired wholesaler Booker. Wilson was diagnosed with throat cancer in April, and has since been undergoing daily radio therapy. In a statement, […]

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UK GDP grew by 0.2 percent in the three months to May, in the first monthly figure released by the Office for National Statistics (ONS). From now on, the ONS will release a monthly indicator and a rolling three-month figure, instead of one set of data every three months. In the three months to May, […]

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Shares in broker TP Icap (LON:TCAP) plunged over 30 percent on Tuesday morning, after the group fired their CEO and warned on lower profits for the full year. The move surprised both investors and chief executive John Phizackerley himself, who said he only found out about the decision on Monday. Rupert Robson, chairman of TP […]

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Photo-Me (LON:PHTM) shares rose on Tuesday morning after the group reported an increase in pre-tax profit for the year, boosting investor sentiment after a downbeat trading update in May. The group reported a pre-tax profit for the year of £50.2 million, up from £48 million the previous year, with revenues climbing to £229.8 million from […]

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Property services group Kier Group (LON:KIE) saw shares edge up on Tuesday morning, after reporting results on track to meet expectations despite its construction group suffering the effects of bad weather. Year-end net debt is expected to between £170 million and £190 million, in line with previous forecasts, with average month-end net debt of about […]

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Online grocery retailer Ocado Group (LON:OCDO) reported a loss for the first half, after heavy reinvestment outweighed a rise in revenue over the period. Pre-tax losses for the six months to 3rd June hit £9 million, a steep fall from the £7.7 million profit posted last year. This came despite a 12.1 percent rise in […]

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Mining group Tharisa (LON:THS) shares edged up on Monday, after platinum production jumped over 3 percent in the third quarter. The group produced a record 39,500 ounces of platinum group metals during the three months to June 2018, with production up by 3.4 percent. Platinum group metal recoveries were at a record 85.6 percent, well […]

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Brexit secretary David Davis has resigned from his Cabinet position on Sunday night, after saying he did not “believe” in Theresa May’s strategy. After nearly two years in his role, Davis tendered his resignation on Sunday saying that “the current trend of policy and tactics” was making it “look less and less likely” that the […]

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Shares in gold miner Centamin (LON:CEY) fell over 6 percent at market open on Monday, after reporting a significant drop in gold production. The company said production had fallen by 25 percent in the second quarter, after reporting low grades at its mine in Egypt. It is undergoing a “transitional zone” at its Sukari mine […]

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Park Group shares shot up over 2 percent on Monday morning, after agreeing deals with several big high street chains. The gift voucher supplier Park Group said it had signed contracts with retail businesses Arcadia Group, the owner of Topshop, Courtesy Shoes, Office Outlet, DJM Music and Fat Face. Park’s ‘Love2shop’ vouchers will now be […]

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Software group K3 reported a small loss than last year, calling the results “encouraging” after seeing the benefits of a restructuring programme. Losses before tax fell to £1 million for the six months to the 31st May, down from £5.4 million the same period a year ago. Revenue rose 2.6 percent to £41.4 million, with […]

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Mothercare (LON:MTC) announced the closure of more stores than previously expected on Monday, after the Childrens World company voluntary agreement (CVA) was rejected by creditors. Childrens World, a Mothercare subsidiary, had been seeking support in the form of a CVA to allow it to continue trading. After the CVA rejection, the group was placed into […]

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Satellite company Inmarsat (FRA:IV4) saw shares plunge over 10 percent on Friday morning, after the group rejected a takeover from the US’ biggest satellite firm. According to Inmarsat, the $3.2 billion bid made by EchoStar “very significantly undervalued Inmarsat and its standalone prospects”. EchoStar already holds a small stake in Inmarsat, and said it will […]

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Airport owner Stobart Group (LON:STOB) said it had started the year ‘trading satisfactorily’, boosted by the beginning of a new five-year partnership with Ryanair. The group made the comments ahead of the company’s AGM, saying it remained on track to deliver its medium-term objectives, including growing its London airport in order to welcome five million […]

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Rolls-Royce (LON:RR) shares sunk slightly in early trading on Friday, after the group announced that it had agreed to sell its loss-making commercial marine business to Norway’s Kongsberg for an enterprise value of £500 million. Net proceeds are expected to be between £350 million and £400 million, after taking pension liabilities and other costs into […]

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Payments service FairFX (LON:FFX) reported turnover of over £1 billion in the half year to June, saying it was confident it would meet full year expectations. The group had already been boosted by an 146.2 percent year on year increase in turnover to £1.1 billion in the first half, and, excluding the acquisitions of Cardone […]

The post FairFX shares soar after reporting £1bn turnover appeared first on UK Investor Magazine.

A new Innovative Finance ISA (IFISA) focused on specialist care home investments has launched in the UK, offering annual returns of up to 7 percent. Brought to the market by The Barbican Group, the ethical ISA will support over 83 specialist healthcare properties in the UK that look after the most vulnerable. The Barbican Group, […]

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Housebuilder Persimmon (LON:PSN) reported another half of steady growth on Thursday, on the back of “resilient” consumer confidence. Revenues rose 5 percent to £1.84 billion over the first half of 2018, up from £1.75 billion in the same half last year. Housing completions rose 3.6 percent to 8,072, with the average selling price increased by […]

The post Persimmon report steady growth as confidence remains “resilient” appeared first on UK Investor Magazine.

Superdry (LON:SDRY) shares shot up over 10 percent on Thursday morning, on the announcement of a special dividend after a year of double digit growth. Both sales and profits soared in the fiscal year to April 28th, with revenue up 16 percent to £872 million after a strong performance from its wholesale division. Retail revenue […]

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Sophos (LON:SOPH) became the biggest faller on the FTSE 250 in early trading on Thursday, after it made an unexpected warning on slowing revenues. The cyber security group’s billings growth was lower than expected in the first quarter, coming in at 6 percent for the quarter ended June. According to Sophos, the lower billings were […]

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AB Foods (LON:ABF) kept full-year outlook unchanged on Thursday, as a strong performance from Primark partially outweighed weakness in its sugar business. For the 40 weeks ended 23 June, group revenue from continuing businesses grew 3 percent compared with the same period last year at constant currency and 2 percent ahead at actual exchange rates. […]

The post AB Foods: Strong Primark performance offset by revenue falls at AB Sugar appeared first on UK Investor Magazine.

Bovis Homes (LON:BVS) shares edged up at market open on Thursday, after the group said it was on track to deliver a ‘significant’ step up in profitability for the half year. In the six months to June 30th the group completed on 1,580 houses, coming in at 4 percent ahead of the prior year. The […]

The post Bovis Homes shares edge up on profitable half year appeared first on UK Investor Magazine.

US President Donald Trump has given a temporary reprieve to Chinese giant ZTE, after he gave the group a seven-year ban on trading in the US in April. Trump initially banned the telecoms giant from operating in the US after ZTE illegally sold services to North Korea and Iran. ZTE said a total ban on […]

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Anglo American (LON:AAL) was the biggest riser on the FTSE 100 on Wednesday morning, after reports that Vedanta is planning to acquire Anglo American’s South African business. Founder Anil Agarwal is reported to be considering merging Vedanta Resources with the South African unit via a share swap, according to two people involved in the plan. […]

The post Anglo American is FTSE 100’s biggest riser on Vedanta speculation appeared first on UK Investor Magazine.

Telegraph Media Group saw profits plunge over the last year, after a significant drop in circulation and advertising revenue took its toll. Pre-tax profits fell 50 percent from £27.1 million in 2016 to £13.7 million last year. Total revenues fell from £303 million to £285.7 million, weakened by a 9 percent fall in print and […]

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Oil giant BP (LON:BP) announced that it would be increasing its stake in the Clair field on Wednesday, alongside the sale of a pipeline business to ConocoPhillips. BP will be increasing its stake in the field by 16.5 percent, bringing their total share to 45.1 percent, just in time for the second stage of development […]

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The UK service sector recorded a flurry of activity in June, according to the latest survey of purchasing managers from Markit/CIPS. The services business activity figure hit 55.1 last month, up from 54.0 in May. Any figure above 50 indicates growth. Duncan Brock, group director at CIPS, said: “Exceeding expectations the sector ended on a […]

The post PMI figures record service sector expansion in UK and Eurozone appeared first on UK Investor Magazine.

Building supplier SIG (LON:SIG) reported a 0.6 percent rise in first-half revenue, despite like-for-like revenues falling in the UK and Ireland. For the entire group revenues were flat on-year on a like-for-like basis, which the company attributed to fewer working days, with like-for-like revenues dropping by 3.1 percent in the UK and Ireland. In a […]

The post SIG shares down as revenues in UK & Ireland fall appeared first on UK Investor Magazine.

Shares in premium drinks brands owner Distil (LON:DIS) soared over 3 percent on Wednesday, after reporting a ‘strong’ first quarter performance. The group, who produce premium spirits including Blackwood’s Vintage Gin and Diva Vodka, said momentum in the gin and rum markets was strong and first-quarter performance was in line with expectations. Over the April […]

The post Distil marketing push sends revenues up 27% appeared first on UK Investor Magazine.

Topps Tiles (LON:TPT) shares fell over 2 percent on Wednesday morning, after like-for-like sales in its fiscal third quarter fell by 2.3 percent. The group attributed the fall in sales to a “weak consumer environment”, but said that it was still outperforming the overall tile market. “Against this background, we believe that we continue to […]

The post Topps Tiles shares down as sales fall in Q3 appeared first on UK Investor Magazine.

Supermarket chain J Sainsbury posted another quarter of growth on Wednesday, with sales in the three months to June rising by 0.8 percent. On a like-for-like basis, sales in the three months through June rose 0.2 percent, with the group confirming that price cuts had attracted more customers to the store. However, the growth was […]

The post Sainsbury’s sales up again, despite slowing growth appeared first on UK Investor Magazine.

Shares in British defence giant BAE Systems (LON:BA) rose over 3 percent in early trading on Friday, after the group announced it had won a contract from the Australian government to build nine warships. BAE beat rival companies to the win, including firms from Italy and Spain, to win a large proportion of the £19.6 […]

The post BAE Systems wins billion pound contract with Australian government appeared first on UK Investor Magazine.

Oil producer MX Oil (LON:MXO) saw shares take a hit on Friday, after reported larger than expected pre-tax losses. A rise in operating costs offset rising revenue, with pre-tax losses hitting £3.4 million over the full year. This is compared to losses of £1.3 million in 2016. The AIM-quoted oil producer, who are focused largely […]

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Daily Mirror publisher Reach (LON:RCH) said expected a boost in first half revenue, after acquiring rival tabloids Daily Express and the Daily Star. First-half revenue is expected to grow by 11 percent revenue in the 26 weeks to July 1st, but on a like-for-like basis excluding the acquired assets was expected to fall by 8 […]

The post Daily Mirror owner Reach boosted by acquisition of other tabloids appeared first on UK Investor Magazine.

UK Oil & Gas Investments reported high first-half losses on Friday, as well as writing down major assets in Kimmeridge Oil & Gas. Pre-tax losses for the six months through March stood at £4.4 million, compared to losses of £1.1m on-year. The company said the written down assets were was mostly related to Kimmeridge Oil […]

The post UK Oil & Gas shares up 10pc despite high first half losses appeared first on UK Investor Magazine.

Infrastructure investment manager John Laing (LON:JLG) maintained its full-year outlook on investment commitments on Friday, sending shares up over 2 percent in early trading. The group said their commitments would be weighted toward the second half of the year, but that it continued to expect them to total £250 million for the full-year 2018. Total […]

The post John Laing maintain full year outlook, shares rise appeared first on UK Investor Magazine.

Troubled budget airline Fastjet (LON:FJET) reported a slump in revenue on Friday, after a significant fall in passenger numbers. The group’s losses narrowed in the year to December, but revenue fell by 32.6 percent to hit $46.2 million. Operating losses were 61 percent lower at $25.3 million, compared with $65.6 million the previous year. Revenue […]

The post Fastjet shares up 112pc on full year results appeared first on UK Investor Magazine.

Mining giant BHP Billiton (LON:BLT) have agreed to pay $211m to a fund supporting victims of the Samarco dam disaster, after years of negotiation. On Friday the group announced it had agreed to fund the support until the end of the year, paying a total of $158 million to the Renova Foundation. This will go […]

The post BHP Billiton agree to pay $211 million to fund supporting Samarco dam victims appeared first on UK Investor Magazine.

Security services group Serco (LON:SRP) said it expected a rise in underlying profit for the full year, despite “less than ideal” market conditions. Underlying trading profit for the first half is expected to rise by about 20 percent on-year, and for the full year rise to £80 million, up from £69.3 million a year earlier. […]

The post Serco expect boost to underlying profit, despite revenue fall appeared first on UK Investor Magazine.

London is the most dynamic city in Europe, according to new research from Savills IM, boosted by its new Elizabeth Line and ability to adapt to economic changes. The UK capital has taken the top spot for the second year running, closely followed by Cambridge, Paris, Amsterdam and Berlin in second, third, fourth and fifth […]

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Shire’s (LON:SHP) share price rose on Thursday, after a group of Takeda shareholders failed to pass a proposal to defeat the company’s proposed $62 billion takeover of the Irish pharmaceutical company. 130 ex-Takeda employees hold one per cent of the company’s shares and have previously tried to use their influence to sway the actions to […]

The post Shire shares up on failure of Takeda shareholder revolt appeared first on UK Investor Magazine.

Hunting plc (LON:HTG) shares fell on Thursday morning, despite the group saying that they were “comfortable” with market expectations for the full year 2018. The oil and gas supplier reported a mixed performance, with regional trends weighing on results in certain areas. Performance in the US offshore, Asia Pacific and Middle East markets had improved, […]

The post Hunting Group shares fall despite “comfortable” market expectations appeared first on UK Investor Magazine.

The FTSE and European share markets began trading marginally up on Thursday morning, before dropping into the negative mid-morning. The FTSE is currently down 0.11 percent, with the DAX down 0.46 percent and the IBEX down 0.57 percent (1027GMT). Fiona Cincotta, Senior Market Analyst at City Index, commented on stock movements in the US and […]

The post Morning Round-Up: FTSE & EU shares down, worries on trade war appeared first on UK Investor Magazine.

Sports Direct (LON:SPD) have been ranked above Apple for its innovation in retail, according to the latest Internationalisation Retail Index. The Index produced by Loqate along with Planet Retail RNG and Retail Week Connect, put the sportswear company fourth in the world. This is one spot higher than Apple, with Amazon coming in at the […]

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Legal and professional services firm Gordon Dadds (LON:GOR) reported a 25 percent rise in revenue in the year to the end of March, sending shares up over 7 percent. Annualised revenues at the year totalled more than £42 million, with operating profits up 19.1 percent to £8.80 million. Adjusted profit before tax rose 23.3 percent […]

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Greene King (FRA:3GK) shares sunk over 5 percent on Thursday, after the group reported an 11 percent fall in annual pre-tax profits on the back of poor weather. Annual adjusted pre-tax profits fell 11.2 percent and revenue slipped 1.8 percent throughout the 12 month period. Earnings (EBITDA) fell 7.2 percent to £489.6 million. The company, […]

The post Greene King annual figures hit by poor weather appeared first on UK Investor Magazine.

Travel operator Stagecoach (LON:SGC) slashed its dividend for the full year to April, sending shares down over 7 percent at market open on Thursday. The full year dividend fell to 7.7 pence per share, down from 11.9 pence the year previously. The group cited the £86 million hit it had taken from the disastrous East […]

The post Stagecoach slash dividend after taking hit from failed East Coast venture appeared first on UK Investor Magazine.

As China’s central bank frees up funds for a looming trade war, Trump deserves at least ‘one out of three cheers’, affirms a senior analyst at one of the world’s largest independent financial advisory organisations. The comments from Tom Elliot, deVere Group’s International Investment Strategist, come as U.S. President Donald Trump appears to be on […]

The post Trump deserves a cheer for handling of China, says deVere Group strategist appeared first on UK Investor Magazine.

House price growth in the UK has fallen to its lowest level since 2013, with London prices leading the drop. Nationwide reported their house price figures on Wednesday, with the annual rate of growth falling by 2 percent this month. London was again the region reporting the weakest growth, with prices across the rest of […]

The post House price growth falls to lowest level in five years appeared first on UK Investor Magazine.

Shares in African budget airline Fastjet (LON:FJET) are down over 60 percent, after warning that it may fall into administration without an injection of cash. The African airline is in talks with major shareholders about receiving extra funding, adding that without it, “it may not be able to continue trading”. The airline has received backing […]

The post Fastjet in danger of collapse without new funding appeared first on UK Investor Magazine.

Distribution and outsourcing group Bunzl (LON:BNZL) reported an 11pc rise in first half revenue on Wednesday, after a period of expansion and acquisitions. The group benefitted from a boost to revenue over the period, but added that underlying revenue growth had returned to more normal levels during the second quarter of 2018 as the group […]

The post Bunzl post 11pc revenue rise after significant acquisitions appeared first on UK Investor Magazine.

High street giant John Lewis became the latest victim of the high street crisis on Wednesday, warning that first half profits will likely to be substantially lower than a year ago. The department store chain, which also owns upmarket supermarket Waitrose, admitted in a statement that profits could be close to zero. Sales at the […]

The post John Lewis warns on profit as high street continues to bite appeared first on UK Investor Magazine.

Mitie Group (LON:MTO) shares had a volatile start to the day on Wednesday, after the UK authorities said they were ceasing their investigation into the group. Shares rose at market open, before sinking right down below their opening level in the news that the Financial Conduct Authority would no longer be investigating the company’s disclosure […]

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Shares in Middle East fire and emergency services provider AssetCo (LON:ASTO) dropped nearly 4 percent in early morning trading on Wednesday, after operating profit tumbled in the six months to March. Operating profit fell 70.5 percent to £0.5 million, from £1.7 million in the correlating period last year, with adverse currency movements having a £0.7 […]

The post AssetCo shares down 4pc as profit tumbles appeared first on UK Investor Magazine.

Office space provider IWG said its profit was likely to fall short for the full year 2018, after rapid expansion threatened to affect annual figures. The group said its UK business was performing below expectations, and that expansion plans had increased costs throughout the period. The push to accelerate its growth is now expected to […]

The post IWG profit likely to fall short after rapid expansion appeared first on UK Investor Magazine.

Whitbread (LON:WTB) shares rose in early morning trading, after reporting a 3.2 percent rise in quarterly sales. The group, which owns both the Premier Inn hotel and Costa coffee chains, said expanded hotel capacity and Costa store openings led to a boost in sales. However, on a like-for-like basis the picture was less rosy, with […]

The post Whitbread shares up on strong quarterly sales appeared first on UK Investor Magazine.

Shares in Harley-Davidson (NYSE:HOG) dropped in pre-market trading on the New York market, after the group highlighted the major impact EU tariffs will have on production. The motorcycle-maker said that it had already made plans to move some manufacturing out of America, after the EU tariffs rose from 6 percent to 31 percent on Monday. […]

The post Harley-Davidson shares sink on EU tariff warning appeared first on UK Investor Magazine.

Serviced office group IWG (LON:IWG) has received a bid from private equity firm Terra Firma, the latest in a flurry of interest for the group. IWG, previously called Regus, has seen approaches from US property firm Starwood Capital, UK private equity firm TDR Capital and US buyout firm Lone Star but no deals have been […]

The post IWG receives bid from Terra Firma appeared first on UK Investor Magazine.

Shares in estate agent Countrywide dropped over 20 percent at market open on Monday, after the group reported weaker earnings than initially expected. Longer transaction cycles and a subdued market had held back earnings, which will be lower than in the same period last year. The group also confirmed its intention to raise fresh funds […]

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Greece reached a hard-fought debt relief deal with Eurozone nations, after talks that continued into the early hours of Friday morning. The deal gives Greece more time to repay its €96.9 billion worth of loans, which were agreed after the country’s debt situation spiralled out of control. The period for repaying the loans has been […]

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Innovation management software company Imaginatik (LON:IMTK) plans to develop its growth strategy in partnership with a European wine producer, sending shares up 10 percent in early trading. The producer, which it declined to name, is ‘one of the leading, award-winning wineries of the world’, and has chosen Imaginatik’s Innovation Central tool to develop and deploy […]

The post Imaginatik announces partnership with leading European winery appeared first on UK Investor Magazine.

The markets got off to a good start on Friday morning, with the FTSE 100 trading up 0.4 percent higher in early trading. The FTSE 250 is also trading up, with the positive sentiment spreading across Europe. The DAX is soaring, up 2.54 percent, with Spain’s IBEX 35 up 0.35 percent and the CAC40 up […]

The post Morning Round-Up: EU markets up, Opec deal uncertain appeared first on UK Investor Magazine.

Shares in communications group Next Fifteen (LON:NFC) rose over 2 percent on Friday morning, after organic revenue growth lent a boost to the start of the financial year. The group’s new financial year has seen previously strong trading patterns from the previous quarter continue, with organic revenue growth remaining in the high single digits. Recent […]

The post Next Fifteen shares up on big account wins appeared first on UK Investor Magazine.

Shares in gambling software developer Playtech (LON:PTEC) edged up on Friday, after the Italian financial market regulator approved their takeover of Snaitech. Consob gave the go ahead to the mandatory takeover offer for the remaining shares of Snaitech not owned by the group, in the wake of its €846 million takeover bid. Playtech acquired 70.6 […]

The post Playtech shares edge up on Italian deal green light appeared first on UK Investor Magazine.

Airbus said on Friday that it may be forced to move its operations out of the UK, as fears of a ‘hard Brexit’ take their toll. The group said they were not making a statement as part of “project fear”, but instead a “dawning reality”. Its current plans to build aircraft wings in British factories […]

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Shares in housing services firm Mears Group (LON:MER) rose over 3 percent on Wednesday morning, after the group said it had made “encouraging progress”. In a trading update ahead of first-half results, the company said revenues in its housing division had stabilised and that full year results were likely to be in line with market […]

The post Mears Group shares up on “encouraging progress” appeared first on UK Investor Magazine.

Agricultural products supplier Wynnstay Group (LON:WYN) reported a 16 percent rise in first-half profit, as confidence returns to the market. Profit for the six months to April rose to £4.9 million, recording growth across both its agricultural and retail divisions. Revenue from continuing operations rose 10.3 percent to £218.5 million. Revenue from its agricultural division […]

The post Wynnstay shares up as “farmer confidence” returns appeared first on UK Investor Magazine.

Property group British Land (LON:BLND) reported a strong start to the year on Wednesday sending shares up around 1.2 percent in early trading. The group said that 45 percent of the estimated rental value across its new developments at London’s Broadgate was let or under offer, with 63 percent of its total development pipeline let […]

The post British Land shares rise after a “good” start to the year appeared first on UK Investor Magazine.

Shares in high-end housebuilder Berkeley Group (LON:BKG) fell 3 percent on Wednesday morning, after warning on a continued subdued market. The group raised their profit guidance for the year, after annual pre-tax profits rose 15.1 percent to £934.9 million in the 12 months to the end of April. However, weak demand meant that the company […]

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The FTSE 100 opened down on Tuesday morning, and the pound fell to its lowest level in a year against the dollar. The FTSE 100 opened down 0.88 percent, or 62.88 points at 7,568.56, with other European markets following suit. The DAX is currently down 1.73 percent down to 12,612.09, with the IBEX down 1.42 […]

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Shares in shoe store chain Footasylum (LON:FOOT) fell over 45 percent on Tuesday, after the company’s CEO said it had been impacted by weak consumer sentiment. The group reported strong results over the period so far, with sales increasing to £194 million after opening ten new stores. In the 52 week period to the 24th […]

The post Footasylum shares sink 40pc on CEO warning appeared first on UK Investor Magazine.

Profits at equipment rental firm Ashtead (LON:AHT) rose in the 12 months to April, after the company benefitted from US clean-up efforts after hurricanes in 2017. Underlying pre-tax profits rose by 21 percent in the year to hit £927.2 million, with rental revenues up by 21 percent to £3.42 billion. Underlying earnings (EBITDA) rose by […]

The post Ashtead profits rise 20pc on US hurricane clean-ups appeared first on UK Investor Magazine.

Debenhams (LON:DEB) became the latest department store to issue a profit warning on Tuesday, joining the legions of high street chains suffering from the competitive climate. Debenhams warned investors that it would likely miss full-year expectations, after weakness in key markets weighed on performance over the last couple of months. “We have reassessed our expectations […]

The post Debenhams shares fall 10pc as weak high street market takes its toll appeared first on UK Investor Magazine.

Shares in retirement housebuilder McCarthy & Stone (LON:MCS) tumbled nearly 15 percent at market open on Tuesday, after operating profit fell by nearly £100 million. The group reported an expected operating profit for the full year of between £65 million and £80 million, a big drop on last year’s £96 million. The forward order book […]

The post McCarthy & Stone shares sink 15pc on profit warning appeared first on UK Investor Magazine.

Braveheart Investment Group (LON:BRH) said its net profit nearly doubled in the year to March, after a jump in the value of its investments. Profit after tax came in at £1.49 million for the full year, up from £0.78 million the year before. Earnings per share increased to 5.51 pence per share from 2.28 pence, […]

The post Braveheart Investment Group shares fall, despite nearly doubling its profits appeared first on UK Investor Magazine.

Venture Life (LON:VLG) announced increased distribution in the UK with Boots for its UltraDEX range, sending shares up over 8 percent. The company announced Boots would be upping their stock of Venture Life’s existing products, as well as launching both of the newly developed products UltraDEX One GO and UltraDEX Fresh Breath Essential Kit. The […]

The post Venture Life shares up 8pc as Boots take more stock appeared first on UK Investor Magazine.

CYGB (LON:CYBG) has agreed to take over Virgin Money in a deal worth £1.7 billion. Under the terms of the deal, Virgin Money shareholders would receive 1.2125 new CYBG shares in exchange for each Virgin Money share. Following completion of 371p per share, or £1.7bn deal, Virgin Money shareholders would own about 38% of the […]

The post CYBG buys Virgin Money in £1.7bn deal appeared first on UK Investor Magazine.

DS Smith (LON:SMDS) shares are trading down nearly 3 percent, despite recording a rise in both pre-tax profit and sales. Pre-tax profit rose 8 percent to £292 million in the year to 30 April, with sales over the period up 17 percent to £5.76 billion. The figures were boosted by strong organic box volume growth […]

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Crowd2Fund’s iOS app, which was the first peer-to-peer debt crowdfunding platform on Apple’s App Store upon its launch in 2016, has had a major upgrade.The refreshed version allows investors to track and manage their investment portfolio from the palm of their hand. The enhancements have been made in response to user feedback, and now make […]

The post Crowd2Fund upgrades iOS app to include IFISA Management tools appeared first on UK Investor Magazine.

Currency manager Record (LON:REC) saw shares sink over 2.5 percent on Friday morning, after recording a 6.7 percent fall in pre-tax profit. Pre-tax profit fell to £7.3 million over the course of the year, despite a 3.8 percent revenue boost to £23.8 million. The group declared a final dividend of 1.15 pence per share, bringing […]

The post Record shares fall as profit plunges 6.7pc appeared first on UK Investor Magazine.

Sales are budget frozen supermarket Iceland rose 8 percent in the year to the end of March, boosted by the expansion of its Food Warehouse chain. Sales for the 53 weeks to the end of March rose to just over £3 billion, with like-for-like sales growth at 2.3 per cent. However, adjusted earnings before tax, […]

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Shares in Premier Veterinary sunk 8 percent on Friday morning, after losses increased for another year at its US business. Losses rose to £1.9 million, up from £1.7 million last year, despite a revenue increase of 33 percent to £1.54 million. “Solid progress has been made in number of pets on plan across the UK […]

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Tesco reported yet another set of improving results on Friday, as its turnaround strategy continues to take effect. First-quarter sales rose 1.8 percent over the past three months, with total sales growing by 2.3 percent over the 13 week period. In the UK and Ireland, same-store sales grew by 3.5 percent. Like-for-like sales at the […]

The post Tesco shares rise on another set of positive results appeared first on UK Investor Magazine.

Rolls-Royce (LON:RR) shares jumped 11 percent at market open on Friday, after announcing plans to save £400 million a year through 4,600 job cuts. The UK is likely to be the worst hit by cuts, that will likely be centred on middle management jobs, engineers working on early-stage design. It will be the company’s biggest […]

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Inflation rose to 2.3 percent in May 2018, according to the latest figures from the Office for National Statistics, up from 2.2 percent in April. The figure came in a little under economists’ expectations, with forecasts coming in at 2.5 percent. A weaker inflation rate than expected will lend weight to the Bank of England’s […]

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The FTSE 100 opened down on Wednesday morning, ahead of the a rate decision by the US Federal Reserve and the release of UK inflation figures. The FTSE is currently down 11 percent at 7,695.21, with other EU markets also seeing a slow start to the day. The German DAX index is down 0.17 percent […]

The post Morning Round-Up: FTSE 100 opens in negative territory, Just Eat sinks appeared first on UK Investor Magazine.

Components supplier Dewhurst (LON:DWHT) suffered from both falling sales and profit in the half year to March, sending shares plummeting at market open. Profit before tax fell 4 percent to £2.8 million, down from £3 million this time last year, with revenue taking a 5 percent hit to land at £24.7 million. Operating profit also […]

The post Dewhurst sales and profit plummet in H1 appeared first on UK Investor Magazine.

Shares in Toshiba (TYO:6502) jumped on Wednesday on the announcement of a share buyback plan worth around 700 billion yen. The share buyback was designed to fulfill the promise made to its investors to share some of the profits made from the $18 billion sale of its memory chip business. The group finalised the sale […]

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Dixons Carphone (LON:DC) shares plummeted over 4 percent at market open on Wednesday, after admitting to a huge data breach affecting 1.2 million people. Hackers “attempted to compromise” 5.9 million payment cards, but Dixons Carphone said only 105,000 cards without chip-and-pin protection had been leaked. The group added that there was no evidence that any […]

The post Dixons Carphone shares sink on massive data breach appeared first on UK Investor Magazine.

Waste management company Biffa reported a 33 percent rise in profit on Wednesday, alongside the announcement that CEO Ian Wakelin would be stepping down. Underlying after tax profit rose 33.8 percent to £47.9 million, with net revenue jumping 8.8 percent to £977.7 million. Underlying earnings rose 8.9 percent to £150 million, with underlying operating profit […]

The post Biffa report 33pc profit boost, CEO steps down appeared first on UK Investor Magazine.

British accessories brand Mulberry reported a fall in UK sales in the 10 weeks to June, but announced a new move into South Korea designed to take advantage of the Asian market. Pre-tax profit fell 8 percent to £7.5 million, mainly linked to the startup costs of the group’s expansion in Asia, with revenue rising […]

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The FTSE 100 opened higher on Tuesday morning, before sinking to trade down around 0.20 percent. This is in contrast to European markets, which have broadly had a positive start to the day, with the DAX Index up 0.15 percent and the IBEX up 0.066 percent. Fiona Cincotta, Senior Market Analyst at City Index, commented: […]

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Bellway shares fell over 2 percent on Tuesday morning, despite reporting an increase in sales for the current year. The group reported robust demand for its affordably priced homes, seeing a 5.4 percent increase in the reservation rate to 223 per week in the period from 1 February to 4 June. It said it was […]

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Online fashion retailer Boohoo (LON:BOO) reported another stellar set of of results on Tuesday, boosted by strong figures from recent acquisition PrettyLittleThing. Group revenue rose 53 percent to £183.6 million in the half year to May, with the biggest source of growth coming from PrettyLittleThing, which saw a massive 158 percent sales boost. UK revenues […]

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New Look became the latest store to fall victim to the high street crisis, after its worrying performance was exposed in its full year report on Tuesday. New Look reported an underlying operating loss of £74.3 million for the full year period ending March 24th, compared to last year’s profit of £97.6 million. Even that […]

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Phoenix Global Resources (LON:PGR) reported a slip in production in its first quarter, sending shares down in early trading. The group said it had relinquished a drilling concession and switched its focus to new development drilling at another, sending first-quarter output down to 10,749 barrels of oil equivalent per day. This is down from 11,537 […]

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Fashion retailer Ted Baker (LON:TED) defied recent high street gloom in its half year results on Tuesday, despite unseasonal weather throughout the period. Revenue rose 4.2 percent in the half year to June 2018, despite the Beast from the East in the UK and severe storms in the US dampening footfall. For the 19 weeks […]

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British American Tobacco (LON:BATS) shares edged up slightly at market open on Tuesday, after it confirmed trading in line with expectations but warned on currency pressures going forward. The group said it expected earnings growth to come under pressure amid a stronger pound going into the second half of 2018, with first half earnings per […]

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The London Stock Exchange has been accused of bending corporate governance rules in order to attract the huge Saudi Aramco listing, allowing the group to float 5 percent of the company instead of the 25 percent usually asked for. Both London and New York have been competing to nab the listing, which could bu the […]

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Drinks brand owner Distil (LON:DIS) saw shares rise over 13 percent on Friday morning, after reporting a jump in both profits and turnover. The brand, who own Blavod Black Vodka, Blackwoods Vintage Gin and RedLeg Spiced Rum, saw operating profit jump to £0.16 million in the year to end of March, up from £0.01m the […]

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MPs have pushed for TSB chief executive Paul Pester to quit over his handling of the bank’s recent IT meltdown. Earlier this week the Treasury select committee advised the bank’s board to give“serious consideration as to whether his position was sustainable”, adding that his comments at the time had been “complacent and misleading”. The comments […]

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Patagonia Gold (LON:PGD) shares moved up in early trading on Friday, after releasing output figures for its Cap Oeste operation in Argentina. Cap Oeste is Patagonia Gold’s only producing asset and the group released no comparative figures. In the first quarter the mine produced 10,662 ounces of gold equivalent, with the average cash cost of […]

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Fuller Smith & Turner (LON:FSTA) saw shares sink nearly 3 percent in early trading on Friday, after flat sales in beer and cider pointed to uncertainty in the future. The group reported a strong set of results despite the flat sales, with profit before tax increasing by 9 percent in the year to the end […]

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The FTSE 100 opened down on Friday morning, with nearly every share trading down an hour after market open. The FTSE is currently down 0.74 percent at 7,647.73, with the DAX also down 1.27 percent. Other European markets have followed suit, seeing the CAC40 fall 0.23 percent and the IBEX35 down 0.73 percent. The impending […]

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BT shares soared on Friday morning, after the group’s CEO Gavin Patterson announced his departure from the company. Investors cheered the news of Patterson’s decision, which came about after shareholders made it clear they had little confidence in his ability to implement BT’s turnaround plan. The new plan was unveiled just four weeks ago, designed […]

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Lloyds share price has remained in a tight range since the beginning of 2017, finding strong support in the 62p – 62.50p and resistance at 73p-74p. The 200 day moving at 66.7p represents a potential magnet for the price in the short term, sitting neatly in the middle of the 2018 trading range. Technical traders […]

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App distribution platform Appscatter (LON:APPS) reported its maiden earnings on Thursday, after generating its first annual revenue. The group, whose SaaS platform integrates with app stores to allow apps to maximise their distribution, reported full year revenues of £1.9 million. Its cash balance rose from £3.8 million to £226 million. Net losses also narrowed throughout […]

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The FTSE 100 had a delayed start to Thursday morning, after a technical issue prevented it from opening at its usual time of 8am. After opening at around 9am, it moved to trade up 0.05 percent. The biggest risers were Auto Trader (LON:AUTO), up 5pc after a strong set of full year results, and Mitie […]

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Country clothing brand Joules (LON:JOUL) defied the high street’s doom and gloom with its full year results on Thursday, doing “marginally” better than expected. Revenues increased by 18.4 percent in the 52-week period to the 27th May, with performance starting strong and continuing on into the Christmas period. Retail revenue increased by approximately 15.9 percent […]

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House of Fraser shocked investors and consumers on Thursday by announcing the closure of 31 stores, including its flagship Oxford Street store in London, putting 6,000 jobs at risk. Frank Slevin, Chairman of House of Fraser said: “Our legacy store estate has created an unsustainable cost base, which without restructuring, presents an existential threat to […]

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Online car sales site Auto Trader (LON:AUTO) reported a 10 percent rise in pre-tax profit on Thursday, boosted by rising car prices and increased interest in financing deals. Revenues rose 7 percent in the year to the end of March, hitting £330.1 million. Net external debt fell to £338.7 million from £355 million over the […]

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Property sales portal OnTheMarket (LON:OTMP) reported an increase in adjusted operating profit for the year to January, alongside a promising performance since the start of 2018. Adjusted operating profit rose to £3.9 million, up from £2.3 million the previous year, despite sales falling from £17.8 million to £16 million. Operating losses also rose sharply, from […]

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Europe’s markets opened up on Monday, with Spain’s Ibex leading the way after the country swore in a new Prime Minister over the weekend. After a disappointing week last week, hit by political uncertainty in both Spain and Italy, European shares recovered on Monday morning. The FTSE 100 gained 37 points in early trading to […]

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Sirius Real Estate (LON:SRE) reported a 17 percent rise in annual profit on Monday, after increasing both its rental income and property portfolio. Pre-tax profit increased to €89.6 million, up by €76.4 million on the year previously, total annualised rental incomes up 12 percent. Like-for-like annualised rental income rose by 6.3 percent, with the company […]

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DS Smith (LON:SMDS) became one of the biggest gainers on the FTSE 100 on Monday, after announcing a deal with Spanish packaging group Europac. The deal will be worth around 1.9 billion euros, comprising of an offer price of 16.80 euros per share as well as taking on Europac’s debt. DS Smith are hoping to […]

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Video content management group Big Sofa (LON:BST) reported narrowing losses in the year to December, dropping by 8 percent to £4.3 million. Revenues also increased during the period by 72 percent, hitting £1.3 million, with gross margins up 65 percent from 30 percent in the previous period. “We started 2017 with just a single MSA […]

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Utility company SSE announced new price hikes on Wednesday, in a move that will increase a typical dual-fuel bill by an average of 6.7 percent. The prices will increase from 11th July, equating to an increase of 5.7 percent for gas and 7.7 percent for electricity. For the average dual-fuel character, this will be a […]

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British supermarkets have performed well over the last quarter, benefitting from hot weather in May and the Royal Wedding’s ‘Meghan Markle’ effect. Sales in the grocery sector were 2.7 percent up on last year in the 12 weeks to the 20th May, according to the latest figures from Kantar Worldpanel. “Record-breaking temperatures, a hot bank […]

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The FTSE 100 kicked Wednesday trading off to an uncertain start, dropping sharply before climbing again to trade at 7634 points (0909GMT). The markets suffered a bad start to the week on Tuesday after the long bank holiday weekend, as impending political crises in Italy and Spain weighed heavy on investors minds. The possibility of […]

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Passport printing firm De La Rue (LON:DLAR) saw an 11 percent fall in adjusted operating profit for the year to the end of March, with concerns over the loss of its contract to print the new blue passports weighing on results. The group also suffered from loss of revenue from its exited paper business, with […]

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Photo-Me (LON:PHTM) downgraded its 2019 profit guidance on Wednesday, after a weak performance from its Japan photo division. The group blaming a market over-supply in its Japanese photo identification business, with Japan having the highest density of photobooths worldwide – something that has only increased since the Japanese government brought in its photo ID scheme […]

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An investigation has been launched against budget Asian airline AirAsia (KLSE:AIRASIA), after it was accused of obtaining its international flying licenses illegally. Authorities in India confirmed that they were launching the investigation on Wednesday, causing the airline’s share price to fall by 6 percent. Both AirAsia India, its Malaysian parent company, and the airline’s boss […]

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Telford Homes (LON:TEF) shares rose in early trading on Wednesday, after reporting a 35 percent rise in profit for the year to March 2018. The group’s figures beat market expectations, with pre-tax profit hitting £46 million. For the year ahead, Telford Homes said it was likely to push pre-tax profit up to over £50 million, […]

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Engineering firm Smiths Group (LON:SMIN) saw shares rise 2 percent on Tuesday morning, after it confirmed it was in merger talks with US company ICU Medical. Smiths Group have said it was in “very early discussions” over the sale of its medical arm, adding there was “no certainty” a deal would be concluded. ICU make […]

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Billionaire investor George Soros warned that the EU may be heading towards another major financial crisis, spooking the markets on Tuesday morning. Giving the keynote address at a meeting organised by think-tank the European Council on Foreign Relations in Paris, Soros criticised Brexit, warned on the European Union’s future and highlighted the key problems facing […]

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Software solutions supplier Idox (LON:IDOX) saw shares sink over 15 percent at market open, after a trading update slashed full year earnings expectations. The groups expected EBITDA for the full year is now likely to be in the range of between £13 – £15 million, down from previous market expectations of around £22.8 million. Underlying […]

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Rolls-Royce (LON:RR) surprised markets with the announcement of a new engine family for its business aviation unit, designed to push the troubled company back to the forefront of the market. The Pearl engine has been purpose-built and will be the sole engine for Bombardier’s latest business jets, the Global 5500 aircraft and the Global 6500 […]

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Paddy Power Betfair (LON:PPB) began the first part of their planned £500 million share buy back on Tuesday, in a move designed to reduce the company’s share capital. The decision was announced by the gambling company earlier this month, with Paddy Power Betfair confirming on Tuesday that its agreement with broker Goldman Sachs to purchase […]

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European markets opened lower on Tuesday morning, as potential crises in both Italy and Spain spook investors. The FTSE 100 is currently down 0.93 percent at 7658, with Germany’s Dax sinking 1.52 percent. The CAC40 index in France has also been affected, trading down 1.69 percent by 0904GMT. Italy, one of the countries in the […]

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Japan Display shares fell on Tuesday morning, after a report that Apple will not be using their screens in their next generation of iPhones. A new report has suggested that Apple will adopt organic light-emitting diode (OLED) screens for all of its iPhones from 2019, instead of the liquid crystal display screens Japan Display currently […]

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Renold (LON:RNO) shares rose 11 percent at market open on Tuesday, after reporting a growth in organic revenue for the first time in several years. The revenue growth failed to translate to a profit however, with pre-tax profit for the year through March falling to £1.4 million from £6.7 million the year previously. Adjusted operating […]

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UK-based takeaway sandwich chain Pret A Manger is set to be sold to private equity firm JAB Holdings for a cool £1.5 billion. The chain confirmed the sale on Tuesday morning, on the back of an exclusive report by the Financial Times on Monday. JAB Holdings, who have been rapidly buying up companies in the […]

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Shares in Dixons Carphone (LON:DC) sunk over 20 percent at market open on Tuesday, after reporting a weak performance in the UK for both the electrical and mobile division. The company warned that full-year profit would fall by 21 percent, expecting pre-tax profits of £382 million for 2017-18, down from £501 million last year. The […]

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Goldman Sachs have warned that machine trading could exacerbate the next downturn in financial markets if liquidity drys up. In a piece from GS Economics Research Goldman Sachs analysts said the dynamics of markets could lead to severe volatility in markets due to low liquidity and recent ‘flash crashes’ should be taken as a warning […]

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Dairy production group Dairy Crest (LON:DCG) shares tumbled nearly 8 percent on Wednesday morning, despite reporting increases in both pre-tax profit and revenue. Adjusted pre-tax profit rose 3 percent over the course of the year to £62.3 million, aided by a 10 percent boost to revenue. Revenue growth was recorded across all parts of the […]

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Tesco (LON:TSCO) has announced its decision to shut its clothing and homeware site Tesco Direct, after the group admitted it couldn’t see any way of making it profitable. Tesco Direct had been attempting to compete with sites like Argos and Amazon, selling everything from sofas to TVs. The site launched in 2006 but has since […]

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Property sales site owner ZPG (LON:ZPG) announced a 31 percent rise in profits on Wednesday, benefitting from a 33 percent boost in sales. ZPG, the owner of Zoopla, Prime Location and Uswitch, saw pre-tax profits hit £29.5 million for the six-month period to March 31, with sales up 33 percent to £156.9 million. Bad weather […]

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Online trading platform IG is expecting net trading revenue for fiscal 2018 to come in higher than the previous year, with other key figures also up on previous guidance. Trading revenue is now expected to be around £565 million, up from £491 million last year. Operating expenses for fiscal 2018 are expected to be around […]

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Restaurant Group shares rose 4 percent on Wednesday morning, despite sales falling by 4 percent after poor weather affected footfall. On a reported basis, sales fell 3.1 percent in the 20 weeks to 20 May. Sales improved in the first seven weeks of the second quarter, like-for-like sales declined by just 1.8 percent as the […]

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Marks & Spencer saw profits sink 62 percent over the year to March, after accelerating its store closure programme and cutting hundreds of jobs. It latest turnaround plan led to a £321.1 million cost hit, with closing stores and revamping existing ones turning out to be a costly business. The group revealed the location of […]

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Britvic (LON:BVIC) shares rose over 6 percent on Wednesday morning, despite profit after tax for the first half of the year sinking by over 13 percent. Profit fell to £33.3 million during the six month period, after restructuring costs of £21.6 million had a negative impact on results. The company recorded a sales increase of […]

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Nationwide Building Society (LON:NBS) profits fell for the second year in a row, after a slump in mortgage lending. The group cited “intense competition” as a reason for the weaker profits, with demand for savings and mortgage lending falling. Nationwide reported a 7.3 percent drop in bottom line profits to £977 million, with net mortgage […]

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Topps Tiles (LON:TPT) shares rose over 4 percent on Tuesday morning, despite pre-tax profit dropping by over 30 percent in the first half. Severe weather across February and March kept customers away from stores, and combined with rising input and marketing costs, pre-tax profit fell by 33 percent over the period. However, revenue increased 3.7 […]

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Entertainment company Entertainment One (LON:ETO) saw strong growth across all geographic areas, driven largely by its popular Peppa Pig brand. Full-year revenue from its family and brands division, including the popular cartoon pig, rose by 56 percent to £138.6 million. Group adjusted profit before tax is up 11 percent to £144 million, with adjusted diluted […]

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Halfords (LON:HFD) shares plunged over 10 percent on Tuesday morning, after the group announced profit would be flat for the full year. The group posted figures in line with full year numbers, with total group revenue up 3.7 percent and 2 percent on a like-for-like basis. Underlying pre-tax profit came in at £71.6 million, down […]

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The price of fuel has climbed to its highest level in over three years, increasing pressure on consumers. Despite a decrease in the disparity between wage growth and inflation, rising oil prices still represent a squeeze on incomes. An increase in oil prices has meant the average price of petrol has risen to 127.22 pence […]

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Homebuilder Galliford Try (LON:GFRD) said full year results would still be in line with expectations, despite delays on one of its major projects that is likely to result in increased cost pressure on the company. The group warned that costs had gone up on its Aberdeen Western Peripheral Route project, as a result of delays […]

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Shares in meat supplier Cranswick (LON:CWK) rose 9 percent on Tuesday, after posting a 14 percent rise in profit over the year. Pre-tax profit rose £88 million, with revenue up 18 percent to £1.46 billion. Pre-tax profit also also shot up 22 percent to £92.4 million, with the group reporting a full-year dividend of 53.7 […]

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Emergency home repairs group Homeserve (LON:HSV) reported a 25 percent rise in profit on Tuesday, after strong growth in North America, Spain and France. Pre-tax profit hit £123.3 million, with revenue rising 15 percent to £899.7 million. In North America, operating profit doubled to $64.4 million, with customer numbers up 20 percent. Total customers for […]

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Marks and Spencer (LON:MKS) will announce on Monday which of their stores will be closing, in an effort to restructure its business during a difficult time for the high street. 100 of its stores will be shutting, as disappointing sales and profits at the grocery and retail chain led CEO Steve Rowe to take action. […]

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Fashion retailer Matchesfashion.com announced a 44 percent rise in sales in 2017, after strong growth in the online luxury market. Operating profit for the full year grew 34 percent to £26 million, with sales hitting £293 million for the 2017 year. The company are based online and their strategy revolves around reaching customers through the […]

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Shares in AstraZeneca (LON:AZN) rose 2 percent in early trading on Monday, after US authorities approved a new drug for hyperkalaemia. The drug, Lokelma, is designed for high potassium levels in the blood and was given marketing authorisation by the European Commission in March.   The group also submitted a new application to Japan’s Pharmaceuticals […]

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Ryanair (LON:RYA) posted a 10 percent increase in annual profit on Monday, despite a rota blunder resulting in hundreds of cancelled flights. Profits after tax came in at €1.45 billion in the 12 months to 31st March, boosted by a 9 percent rise in passenger numbers to 130.3 million. On average, its planes were 95 […]

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Grainger (LON:GRI) reported a 23 percent increase in profit in its half-year results, on the back of a ‘strong’ trading performance. Pre-tax profits rose to hit £50.6 million, up from £41.2 million a year ago, with adjusted earnings up 20 percent to £34.1 million. The results were underpinned by a 9 percent jump in rental […]

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Chinese tech giant Tencent Holdings posted a record profit in the first quarter of the year, boosted by a 55 percent increase in advertising revenue. The group behind the popular messaging app WeChat, similar to WhatsApp, saw shares rise over 5 percent on Thursday morning, after the group’s year-on-year profit rose 61 percent to 23.29bn […]

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Ocado (LON:OCDO) shares jumped over 50 percent in early trading on Thursday, after the online grocery retailer confirmed a deal with US giant Kroger. Ocado’s technology will be used by Kroger in the US, where they have annual sales of $122 billion, with the US group taking a 5 percent stake in Ocado. Ocado has […]

The post Ocado shares up 50pc on Kroger deal appeared first on UK Investor Magazine.

Countryside Properties (LON:CSP) posted a 24 percent increase in its dividend on Thursday, after an increase in both profits and completions. Adjusted profit rose 7 percent in the six months to the end of March, driven by a 15 percent jump in completions. Adjusted revenue rose 7 percent to £468.0 million, up from from £435.4 […]

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Mothercare (LON:MTC) shares shot up 25 percent on Thursday morning, after setting out the measures it intended to take to restructure its UK store portfolio through company voluntary arrangements (CVAs) of certain subsidiaries. Mothercare will access £113.5 million in funding through a refinancing, which will comprise of a proposed equity capital raising of £28 million […]

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Paddy Power Betfair (LON:PDYPY) shares rose over 6 percent in early trading on Thursday, after confirming that the decision by the Department of Digital, Culture, Media and Sport to implement a new stake limit for gaming machines of £2 will not materially affect business. The direct, pre-mitigation, impact of the new stake limit is likely […]

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Thomas Cook (LON:TCG) saw revenues grow by 5 percent in the first half of the year, boosted by trips to Egypt and other long-haul destinations. The group improved underlying EBIT loss by £13 million in the six months to 31 March, after a strong performance from its Thomas Cook airline. Revenue growth was up 5 […]

The post Thomas Cook shares down 3pc, despite 5pc revenue boost appeared first on UK Investor Magazine.

National Express (LON:NEX) shares rose over 2 percent on Wednesday morning, after the travel operator recorded a 6.2 percent revenue boost in the first quarter. The UK-based bus and train service operator was boosted by an impressive performance at its North American bus business, with revenue from the operations growing 9 percent on a constant […]

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Speedy Hire (LON:SDY) reported an increase in both profit and revenue for the full year, after a strong performance in the UK construction markets. Pre-tax profit rose 25 percent to £18 million, as revenue rose 2.2 percent to £377.4 million. Adjusted pre-tax profit rose 60 percent to £25.9 million, with the company boosting its dividend […]

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Pub owner and brewer Marston’s (LON:MARS) saw shares sink nearly 5 percent on Wednesday morning, after swinging into a loss for the first half. Pre-tax losses amounted to £13.4 million, compared to a profit of £36.7 million the previous year. Underlying pre-tax profit rose 8 percent to £36.3 million, while revenue was up 20 percent […]

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Thread maker Coats (LON:COA) reported a 5 percent jump in sales in the first quarter of the year, after a strong performance in its industrial division. Strong industrial sales boosted the results, rising 6 percent on a constant currency basis, with a 3 percent increase in its footwear business driven by improved performance in the […]

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Shares in luxury fashion retailer Burberry (LON:BRBY) edged up on Wednesday morning, after posting a 5 percent increase in annual profit to £467 million. Retail growth, improved beauty profitability and cost savings supported the group’s earnings in the year to March, despite total revenue falling 1 percent. Sales from Burberry’s own stores increased 3 percent, […]

The post Burberry shares up as cost savings boost annual figures appeared first on UK Investor Magazine.

Men’s retailer Moss Bros Group (LON:MOSB) reported a 2.4 percent fall in sales in the first 15 weeks of the year, with CEO Brian Brick calling it a “disappointing performance”. Like-for-like sales for the period slipped 5.2 percent, a slight improvement on the 6.5 percent ran rate seen in March, at which time reported sales […]

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Cineworld (LON:CINE) shares sunk slightly on Wednesday morning, despite recording a 10 percent revenue boost for the full year. The group confirmed that it expects performance to be in line with expectations, with the group seeing admissions rising by 1.1 percent for the period from 1 Jan to 13 May. Black Panther and Avengers: Infinity […]

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UK wages rose in real terms in the three months to March, whilst unemployment fell to 1.42 million. Figures from the Office for National Statistics showed average weekly earnings increasing for employees over the period. UK wages excluding bonuses rose 2.9 percent in the three months to March, compared to an inflation rate of 2.7 […]

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Japanese electronics giant Toshiba (TYO:6502) has narrowly avoided being delisted from the Tokyo Stock Exchange, after a stronger set of results for the full year to March put them back in the black. The group posted record profits of 804 billion yen on Tuesday for the full year, a huge improvement 965.7 billion yen loss […]

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Soaring Christmas sales lent a hand to Patisserie Valerie’s (LON:CAKE) latest results, sending shares soaring at market open on Tuesday. The chain bucked the gloomy trend on the high street, with “affordable treats” pushing up sales over the Christmas period. Revenue rose 9 percent in the six months to the end of March, with pre-tax […]

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UBM (LON:UBM) confirmed it traded in line with forecasts in the year to date, despite challenging conditions in the US fashion sector. The events organiser said major events like the Game Developers’ Conference, Enterprise Connect and Hotel Plus grew ‘strongly’, during the period, whilst CPhI North America, MD&M West, Hotelex & FineFood and Seatrade Cruise […]

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Investment provider Hargreaves Lansdown (LON:HL) brought in £3.3 billion worth of new business in the four months to April 30th, helped by an increase in digital marketing and ongoing wealth consolidation on its platform. Total new business for the year to date hit £6.6 billion, up from £5.6 billion last year, despite a 0.6 percent […]

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Vodafone (LON:VOD) shares sunk nearly 4 percent on Tuesday morning, despite moving into profit for the full year to March. Net profit for the year hit €2.79 billion, compared to a loss a year earlier of €6.08 billion due to a large tax expense. Operating profit also rose, up 15.4 percent to €4.3 billion, despite […]

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Budget airline EasyJet (LON:EZJ) narrowed their losses in the first half of the year, sending shares up nearly 3 percent in early morning trading. In the six months to the end of March EasyJet reported a total loss before tax of £68 million, a large improvement on the £236 million in the first six months […]

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Funeral planner Dignity (LON:DTY) recorded stronger than expected results for the first quarter of the year, with a higher death rate and an increased interest in premium services boosting figures. Revenue rose 2 percent to £95.1 million, up from £93.3 million, with underlying operating profit coming in at £37.5 million, a slight increase from £37.4 […]

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The Church of England’s investment returns dropped slightly in the 2017 financial year, after its set of impressive figures in 2016. Investable assets increased to £8.3 billion in 2017, up from from £7.9 billion in 2016. However, its total return on investments in 2017 was 7.1 percent, lower than its target of 9.1 percent and […]

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South African mining company Caledonia (LON:CMCL) reported a 35 percent rise in profit over the first quarter of the year, boosted by lower costs and higher gold prices. Adjusted earnings rose 51 percent over the three month period, with net attributable profit up 34.9 percent to $3.15 million. Caledonia mined 12,924 ounces of gold, up […]

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Shares in serviced office group IWG (LON:IWG) jumped 20 per cent on Monday morning, after it received takeover offers from three separate equity groups. Shares had already risen 10 percent before the weekend as speculation surrounding possible offers heightened. The group, who were previously named Regus, then admitted to receiving bid offers from Lone Star, […]

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Morrison Supermarkets (LON:MRW) reported another quarter of growing sales on Thursday, with its new business as a wholesaler appearing to make a positive mark on the group’s figures already. The supermarket chain increased its group like-for-like sales excluding fuel by 3.6 percent in the 13 weeks to 6 May, comprising contributions from retail of 1.8 […]

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ITV (LON:ITV) shares edged up at market open, after the broadcaster reported a 5 percent increase in external revenue in the first quarter. Total external revenue hit £772 million over the period, driven by 11 percent growth in ITV Studios revenue and 41 percent growth in online revenue. All revenue streams at the company saw […]

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Next (LON:NXT) shares rose 6 percent in early trading on Thursday, after the group raised their profit guidance for the full year after better-than-expected sales in the first quarter. The fashion retailer boosted their pre-tax profit guidance for the year to January 2019 from £705 million to £717 million, after full price sales for the […]

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BT (LON:BT.A) have announced plans to cut 13,000 jobs over the next three years, aiming to cut costs by £1.5 billion after a disappointing set of full-year figures. A third of the job cuts will come from outside the UK in its Global Services division, with the group saying it had to make changes in […]

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Healthcare technology group Renishaw (LON:RSW) saw shares rise nearly 7 percent at market open on Wednesday, after reporting a positive trading update for the first nine months of the year. Revenue from continuing operations for the first three quarters of the current financial year came in at £429.9 million, up 11.9 percent on the same […]

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UK’s largest bakery chain Greggs (LON:GRG) warned on outlook for the full-year, after sales in the first quarter were hit by adverse weather conditions and low footfall. Shares plunged nearly 20 percent at market open, after the group said it was uncertain about reaching full year targets due to a slower pace of sales in […]

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Sales at pub chain JD Wetherspoon (LON:JDW) grew at a weaker pace than expected in its third quarter of the year, affected by the timing of the May bank holiday. The group announced a like-for-like sales increase of 3.5 percent, with total sales up 2.8 percent over the 13 period to 29 April 2018. However, […]

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Catering giant Compass (LON:CPG) saw shares sink over 2 percent at market open, after rising costs led to a 5 percent drop in profit in the first half of the year. 2018 first half pre-tax profit fell 4.7 percent to £792 million, with revenue down 0.8 percent to £11.4 billion. Its operating margin fell 10 […]

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William Hill (LON:WMH) delivered strong growth in its online business in the 17 weeks to April 24th, boosted by a “sustained period of bookmaker-friendly sporting results”. The group recorded a 3 percent growth in net revenue, driven by its online offering and a pickup in the US. In the UK online net revenue rose 12 […]

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Shares in transport group FirstGroup (LON:FGP) sunk 12 percent on Tuesday morning, after private equity firm Apollo Management said they wouldn’t be making an offer for the company. The group released a statement following on from the one made on the 11th April, where they outlined making a possible offer for FirstGroup, confirming “on its […]

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Specialist insurer Hiscox (LON:HSX) saw shares rise marginally at market open, after reporting a 20.4 percent rise in gross premiums. Gross written premiums grew by 20.3 percent in constant currency to $1,155.8m in the first three months of the year to 31 March, but it added that growth in the ‘big-ticket’ business would be more […]

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Japanese pharmaceutical firm Takeda has reached an agreement with rival Shire for a £46 billion takeover, after several previous offers were declined earlier this month. Under the terms of the acquisition, each Shire shareholder will receive $30.33 for each Shire share and either 0.839 new Takeda shares or 1.678 Takeda ADSs. The acquisition terms imply […]

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The supermarket sector continued to show growth in the last three months, with Tesco (LON:TSCO) and Morrisons (LON:MRW) leading the way and Sainsbury’s lagging behind. The latest grocery market share figures out today from Kantar Worldpanel showed Tesco grow by more than 2 percent for the 12th consecutive period, in its best set of performances […]

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Aviva (LON:AV) shares edged up on Tuesday morning, after the insurance group announced it would begin a £600 million share buyback of its ordinary shares. The group has already pledged to deploy £2 billion of excess of capital in 2018, including debt reduction and acquisitions. The share buyback programme will begin today, Tuesday 1st May, […]

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Higher gas and oil prices lent a boost to BP (LON:BP) profits in the first quarter of the year, sending shares up at market open on Tuesday. Profits at the firm rose 71 percent on an underlying replacement cost basis, hitting $2.6 billion for the three months to the end of March. BP production rose […]

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Takeaway delivery chain Just Eat (LON:JE) reiterated its full-year guidance on Tuesday, as orders continued to rise across the UK and internationally. Group orders rose 32 percent in the first three months of the year, sending revenues up 49 percent to £177.4 million. The figures were boosted driven by strong order growth and an increase […]

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Randgold Resources (LON:RRS) saw shares edge down in early trading, after production at its Ivory Coast mine was hit by strikes. Ongoing strikes at the Tongon gold mine started with employees but then spread to other operations. Operations have now returned to full capacity, but the group said on Monday that disruption would likely impact […]

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South African wealth management group Old Mutual (LON:OML) reported earnings in line with expectations in March, sending shares up 2 percent at market open. The dual-listed Old Mutual said continuing operations started the year on a “positive note”, and so far this year trading has continued in line with management expectations. “Since the year end, […]

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Shares in advertising firm WPP (LON:WPP) rose nearly 7 percent at market open on Monday, despite reporting a fall in revenue for the first quarter. First-quarter revenue fell 4 percent due to foreign exchange headwinds, seeing an overall decline to £3.56 billion. Howeverm on a constant currency basis the figure rose by 2 percent, and […]

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Sainsbury’s has agreed to buy Asda from US-based Walmart for £7.3 billion in cash and shares, in a landmark deal for the supermarket sector. Walmart would gain 42 percent of the combined group’s shares under the terms of the deal, plus £2.975 billion in cash. It will not, however, hold more than 29.9 percent of […]

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Amazon (NASDAQ:AMZN) profits surged 43 percent in the first quarter of the year, driven by online sales in the US. Sales at the online shopping giant rose to $51 billion in the three months to March, well above analysts forecasts, with net profit rising to $1.6 billion from $724 million in the same period last […]

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Entertainment site owner Merlin (LON:MERL) said trading had been subdued in 2018 so far, impacted by the ‘seasonally quiet’ period as well as weaker demand in the wake of the 2017 terrorist attacks. Its major London sites, Madame Tussauds and the London Dungeon, reported weaker visitor numbers than the year before, with Merlin saying it […]

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The Royal Bank of Scotland (LON:RBS) trebled its profit in the first quarter of the year, after a fall in restructuring and running costs paved the way for further recovery. Attributable profit for the three months through March rose more than three times, up £259 million on-year to hit £792 million. Pre-tax operating profit rose […]

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Britain’s biggest building supplier Travis Perkins (LON:TPK) reported a 2.4 percent rise in first quarter sales on Friday, despite the adverse weather conditions that had a negative impact on similar companies. On a like-for-like basis sales rose 3 percent, with the group confirming that expectations for the full year 2018 would remain unchanged after raising […]

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Insurance group Hastings (LON:HSTG) reported higher claims costs over the first quarter of the year due to adverse weather conditions, but confirmed it was “on track to deliver targets”. The ‘Beast from the East’ caused an increase in claims over the period, but the firm said it remained confident of delivering a calendar year loss […]

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Technology and services provider Cobham (LON:COB) saw shares rise nearly 2 percent at market open on Thursday, after reporting fourth quarter trading in line with expectations. The group said the results were proof its turnaround plan was taking shape, and it maintained its full year outlook on performance. The equipment supplier said it continues to […]

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Aerospace systems engineer Meggitt (LON:MGGT) reported revenue increases across its civil, military and energy sectors on Thursday, sending shares up over 2 percent in early trading. As a whole the group reported organic revenue growth of 6 percent for the first quarter, excluding the effects of foreign exchange and disposals. Civil aerospace revenue grew 4 […]

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Pizza delivery chain Domino’s (LON:DOM) reported yet another strong quarter on Thursday, with sales at the chain continuing to rise. Group system sales rose 18.3 percent to £311.1 million, up from £236 million in the same period last year. In the UK, system sales rose 10.6 percent, with like-for-like performance sales growth of 7 percent […]

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Automotive testing system manufacturer AB Dynamics (LON:ABDP) reported a steep rise in revenue over the last half of the year, sending shares up 5.5 percent in early trading. Profit before tax, excluding share option costs, increased 34 percent to £3.30 million, an increase from £2.46 million the year before, while revenues increased 39 percent to […]

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Google-owner Alphabet saw profits rise almost 73 percent over the past three months, aided by price hikes for their adverts and currency movements. First-quarter net income rose to $9.4 billion, up from $5.4 billion in the same period last year, beating analyst expectations. Revenue also jumped, rising 26 percent to $31.1 billion. The group seemed […]

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Wealth manager St. James’s Place (LON:STJ) reported a 13 percent growth in funds under management, despite feeling the impact of weaker markets. Net inflows increased during the first quarter of the year, with funds under management reaching £89.91 billion, with inflows of £1.99 billion in the previous corresponding period. Retention of client funds stood at […]

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World-leading shipping broker Clarkson (LON:CKN) reported a significant drop in profits for both the full year and the half year, citing the shipping industry’s “challenging environment” as the main cause. Figures are now expected to be materially below expectations, as lower freight rates within the tanker market and a fall in the value of the […]

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Troubled outsourcing company Capita (LON:CPI) launched a £701 million rights issue on Monday, in the hope of “transforming” the group with sustainable capital. The outsourcing giant have issued a series of profit warnings in the last few months, losing around two thirds of its around £1 billion market value with investors worried that the company […]

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Electronics giant Philips (AMT:PHIA) reported a 27 percent drop in first quarter profits on Monday morning, as the company starts streamlining into a high-end medical technology firm. Net income fell in the first three months fell to 94 million euros, down from 128 million euros for the same period last year 2017. Sales in the […]

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Petra Diamonds (LON:PDL) reported an impressive boost to third-quarter revenue on Monday, after production spiked in the first three months of the year. Revenue for the period rose by 44 percent after the produced and sold more precious stones. The key figure hit $172 million, after selling 1,373,771 carats. Production too witnessed a rise, up […]

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The bidding war for pharmaceutical company Shire (LON:SHP) took another unexpected turn last night, with Dublin-based Allergan U-turning on its interest in the company. Shire rejected an earlier £43 billion offer from Japanese company Takeda on Thursday morning, making it the third offer from Takeda that Shire had rejected. Later that day Allergan confirmed its […]

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Royal Mail (LON:RMG) has announced that its chief executive officer, Moya Greene, will retire in September, to be replaced by the boss of the group’s general logistics systems business. Rico Back will replace Greene as chief executive from the 1st June, with Greene stepping down from the board on 19th July. Greene has led Royal […]

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Bonmarche (LON:BON) has become the latest retailer to blame weak results on the High Street crisis, reporting an 11 percent drop in sales for the three months to March. Like-for-like store sales dropped 11.1 per cent, bringing its full year average to a decline of 4.5 per cent. Online sales saw a significant boost, however, […]

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Reckitt Benckiser (LON:RB) shares sunk nearly 5 percent at market open, after reporting solid sales and revenue growth in the first quarter. Sales in the first three months of the financial year rose 23 percent, assisted by currency fluctuations and acquisitions. Acquisitions included Mead Johnson Nutrition, an infant formula business bought by the company last […]

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Multi-utility supplier Telecom Plus reported a modest increase in full-year profits on Thursday, sending shares up nearly 2 percent. The group, which trades as Utility Warehouse, grew saw adjusted pre-tax profits from continuing operations rise to £54 million in the year ending 31 March 2018, up from £53.3 million the previous year. The group’s performance […]

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Debenhams (LON:DEB) trading figures plunged in the six weeks to March, after being hit by poor weather and forced store closures. Underlying profit before tax fell 51.9 percent to £42.2 million during the period, with like-for-like sales declining 2.2 percent. The group attributed the fall to 100 forced store closures due to extreme weather in […]

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Sky (LON:SKY) posted a 14 percent rise in core earnings in the first nine months of the year, applauding an “excellent” performance in a competitive market. Like-for-like revenue grew by 5 percent, or £441 million, to £10,144 million in the nine months to 31 March, with content revenue up 17 percent to £617 million and […]

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Unilever (LON:ULVR) announced a hefty dividend hike on Thursday alongside a 6 billion euro share buyback, as disagreements between management and shareholders continue. The group confirmed it had seen “broad-based growth” throughout the quarter, raising its quarterly payout to shareholders by 8 per cent to €0.3872. Management has faced serious shareholder opposition to its decision […]

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Shares in System1 (LON:SYS1) slipped in early trading on Wednesday, after “disappointing trading” led to a further profit guidance downgrade. The London-based marketing and advertising agency said its pre-tax profit for the year was expected to be between £1.6 million and £2.0 million, well below its initial guidance in January of comparing to its most […]

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Shares in shopping centre owner Hammerson (LON:HMSO) rose on Wednesday morning, after announcing it would be urging its shareholders to vote against the proposed merger with rival Intu. The group made an all-share offer for Intu at the end of last year in a deal with £3.4 million. In a surprise statement this morning Hammerson, […]

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Shares in miner Rio Tinto (LON:RIO) edged up on Wednesday morning, after reporting an increase in iron ore and copper output in the first quarter. Pilbara iron ore volumes increased by 8 percent to 83.1 million tonnes on-year, with copper output up by 65 percent to 139.3k tonnes as operations recover from the strike in […]

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Price comparison service Moneysupermarket.com (LON:MONY) reported a 4 percent growth in revenue in the first quarter, confirming that trading was “on track” for the year. Revenue in the three months to March rose to £88.3 million, up from £85 million last year, boosted by insurance switching and competitive prices. Revenues for insurance rose 4 percent […]

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Breakdown recovery firm AA reported an 8 percent rise in operating profit on Tuesday, after a strong performance from its insurance arm offset a weaker performance from roadside recovery. Operating profit rose 8 percent to £307 million for the year to the end of January, with trading revenue up 2 percent to £959 million. The […]

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Retailer JD Sports (LON:JD) released a strong set of results on Tuesday, sending shares up and reassuring investors that it remains unfazed by the current high street crisis. Headline profit before tax rose 26 percent in the 53 weeks to February 3rd, hitting to £307.4 million. Strong digital sales growth gave a 3 percent boost […]

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Shares in Associated British Foods (LON:ABF) slipped on Tuesday morning, after its sugar division saw revenue sink 13 percent over the first half of the year as a result of low EU sugar prices. Statutory profit before tax for the entire group fell 30 percent to £603 million, whilst revenue declined by 2 percent. Adjusted […]

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Household spending fell to its weakest level since 2012 during the first quarter of the year, as poor weather and waning consumer confidence discouraged shoppers from spending money. According to the UK Consumer Spending Index published today by Visa, spending fell by 1.4 percent year-on-year across the first three months of the year. This was […]

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Biology research group Avacta reported widening losses on Monday, despite an increase in half year revenues across the business. Administration costs rose to £4 million over the course of the period, up from £3.50 million previously, a direct result of its Life Sciences division’s attempts to deliver on growth plans. Operating losses widened to £4.5 […]

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Grocery sector investor Supermarket Income REIT (LON:SUPR) announced that it invested £210.5 million in four supermarket assets in the first quarter, with dividend payments meeting its annual payout guidance. The property investment company, aimed at offering investors a slice of the grocery market through exposure to supermarket real estate assets, declared a dividend for the […]

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FTSE 100 biotech company Shire (LON:SHP) has made a $2.4 billion deal with international pharmaceutical company Servier for the sale of its Oncology business. Shire chief executive Flemming Ornskov said that while the Oncology business had delivered “high growth and profitability, we have concluded that it is not core to Shire’s longer-term strategy”. “We will […]

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Shares in advertising agency WPP (LON:WPP) sunk over 5 percent at market open on Monday, after its chief executive announced his resignation over misconduct allegations. The group confirmed that Sir Martin Sorrell had chosen to step down in a statement originally released on Saturday, less than a week after the announcement of a misconduct allegation. […]

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Rolls-Royce (LON:RR) shares sunk in early trading on Friday, after warning engine customers that it would be conducting further inspections of its Trent 100 Package C series. The further inspections are likely to cause more disruption to customers, as well as increasing cash costs for Rolls-Royce. However, the company sought to calm investors by saying […]

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Shares in property developer Hammerson (LON:HMSO) tumbled on Friday morning, after European shopping centre group Klepierre abandoned its attempts to make a deal. Hammerson rejected another bid from rival Klepierre earlier this week, after the group made a revised bid of 635p per share, consisting of 50pc cash and 50pc in new Klépierre shares. Hammerson, […]

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Shares in software company Sage Group (LON:SGE) fell 15 percent on Friday morning, after first half revenue growth missed expectations for the six months to March. The group downgraded its annual guidance on the back of the results, with ‘inconsistent operational execution’ leading to a revenue rise of 6.3 percent over the period, instead of […]

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The London Stock Exchange named ex-Goldman Sachs banker David Schwimmer as its new CEO, after Xavier Rolet stepped down in November. Schwimmer has spent the last 20 years with Goldman Sachs, where he was Global Head of Market Structure and Global Head of Metals and Mining in Investment Banking. He will join the group on […]

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Shares at over-50s insurer Saga (LON:SAGA) soared over 8 percent at market open on Thursday, as underlying profit for the full year to January 2018 moved up 1.4 percent. Pre-tax profit dropped significantly over the period, down 1.4 percent, but the company raised its dividend by 5.9 percent to 9p. Saga said it reflected ‘confidence […]

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Homeware retailer Dunelm (LON:DNLM) saw shares rise nearly 7 percent on Thursday morning, after recording a moderate rise in revenue despite a “challenging” consumer backdrop. Total revenue for the third quarter rose by 5.1 percent to £268.2 million, with like-for-like revenue up 4.6 percent. Dunelm’s online performance remained strong, with organic growth at 35.7 percent […]

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Carpetright (LON:CPR) shares sunk nearly 20 percent at market open on Thursday, after confirming a small pre-tax loss for the year alongside the closure of 92 stores. It has finalised the terms of a company voluntary arrangement, during which it will close 92 stores on or after the 23rd September 2018. “These tough but necessary […]

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Stationer and book store WH Smith was hit by falling profits in the six months to February, as weak publishing trends over the Christmas impacted on sales. Results last year were boosted by sales of spoof humour books, especially over the Christmas period, a trend which seems to have dissipated this year. Group profit dropped […]

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The UK high street survived its toughest year since 2010 last year, with store closures soaring as competition from internet retailers hots up. A net 1,700 chain shops closed on British high streets in 2017, according to analysis of the UK’s top 500 towns compiled by the Local Data Company (LDC) for PricewaterhouseCoopers. In the […]

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Fashion retailer Asos (LON:ASC) saw shares fall 9 percent in early trading on Wednesday, despite a strong half year performance taking profits up 10 percent. The online group reported a 27 percent rise in retail sales for the six months to February, hitting £1.13 billion, with profits reaching £29.9 million. However, the group spooked investors […]

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British fintech company Universe Group (LON:UNG) recorded a fall in profit in its most recent figures, after contract delays weighed. The point-of-sale technology provider saw pre-tax profit fall to £0.63 million, down from £1.83 million in 2016, as revenue dropped to £19.6 million. The company design, build, install and support systems in 5,700 retail and […]

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EasyHotel (LON:EZH) shares rose 6 percent on Wednesday morning, after it “significantly outperformed” the budget hotel market and reported soaring system sales. Total system sales rose 33.6 percent to £16.10 million from £12.05 million the same period a year ago, supported by a new booking engine and yield management systems as well as the growing […]

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Tesco (LON:TSCO) reported soaring profits on Wednesday, up 770 percent in the year to February as its recovery plan starts to show real progress. Tesco’s pre-tax profits rose to £1.3 billion over the course of 2017, up from just £145 million in 2016, after a year of “strong progress”. Revenue rose 2.8 percent to £57.5 […]

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Retirement property builder McCarthy & Stone (LON:MCS) recorded a 52 percent drop in profits in its latest half year results, due to fewer building completions and “subdued market conditions”. Pre-tax profit dropped 52 percent to £10.5 million, but 12 percent fewer completions were offset by a 15 percent rise in selling prices. The group warned […]

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AdEPT Telecoms (LON:ADT) saw shares rise nearly 5 percent on Thursday morning, after confirming that its underlying earnings are likely to be slightly ahead of market expectations. Markets had expected a 23 percent rise year-on-year, meaning underlying earnings have risen significantly over the past year to beat targets. Turnover is also expected to be above […]

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European countries reported strong figures on Thursday, with Spain and Germany both reporting growth, tempered only slightly by a softening in Italy’s manufacturing sector. Spain Spanish service providers recorded the fastest rise in employment in 11 years at the end of the first quarter of 2018, according to IHS Markit figures, with business activity also […]

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Winners have been announced in Ofcom’s bidding war for the 5G spectrum, with most of the major UK telecoms providers splashing out big bucks for a slice. BT Group confirmed on Thursday that it had secured 40MHz of the spectrum needed to launch 5G services in the future, at a cost of £302.6 million. Marc […]

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Emergency repairs business Homeserve said adjusted profit before tax for the year was likely to come in well above last year’s figure, boosted by a customer increase and strong performance in North America. The emergency home repairs business said customers had increased to 8.4 million from 7.8 million last year, with the group’s retention rate […]

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The UK car market took a hit in March, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). UK car registrations were down 15.6 percent year-on-year in March, with demand for diesel vehicles dropped significantly over the month, down 37 percent. In contrast, demand for petrol cars rose by 1 […]

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Retail property manager Hammerson (LON:HMSO) reported strong growth in the first quarter of the year, despite the “challenging” High Street environment. UK retail sales fell 2 percent, as severe weather and subdued consumer confidence weighed on performance, but net asset value grew 1.8 percent as the group retained earnings and improved valuation gains. Leases signed […]

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Logistics company Wincanton (LON:WIN) recorded strong performance in the first half of the year, with full year results likely to be in line with expectations. Its consumer and retail division reported good volume growth and an “excellent” performance during the Christmas period, with the second half of the year boosted by contracts with Wickes, to […]

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Advertising firm WPP (LON:WPP) saw shares sink 2.5 percent at market open on Wednesday, after the group announced a misconduct investigation against its chief executive. The group announced that Sir Martin Sorrell was under investigation in a statement on Tuesday, appointing an independent council to the process. The group added, however, that “the allegations do […]

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Flooring manufacturer Victoria plc saw shares rise nearly 3 percent at market open, after confirming that revenue and profit are likely to be ahead of market expectations for the fifth year running. The Group’s reported strong like-for-like growth, gains in market share alongisde operational synergies, including the previously announced rationalisation of the UK manufacturing facilities, […]

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Hungarian low-cost airline Wizz Air (LON:WIZZ) announced a 25.2 percent increase in year-on-year passenger numbers in March on-year, after adding several new routes. The carrier said it had flown 2,476,153 people in March, with its load factor rising by 1.1 percentage points to 91.5 percent. Total flying capacity increased by 23.7 after the addition of […]

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Revenue at Topps Tiles (LON:TPT) rose in the first half of the year, despite wintery conditions hitting sales in the second quarter. First half revenue rose 2.6 percent, with revenue for the six month period up £109.4 million, up from £106.6 million a year earlier. Like-for-like revenues increased by 0.6 percent, with a 3.4 percent […]

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Shares in Irish pharmaceutical firm Shire soared over 20 percent on Wednesday, after Japanese Takeda Pharmaceutical said it may make an offer to buy Shire’s business. The Japanese firm said its consideration is still “at a preliminary and exploratory stage and no approach has been made to the board of Shire.” Shares in Shire (LON:SHP) […]

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Specialist transport solutions company 21st Century Technology (LON:C21) edged its way into profit in 2017, after increased fleet sales and a strong order book going into 2018. The group reported a profit of £11,000 in the year to end of December, recovering from a loss of £1.4 million in 2016. Revenue rose to £11.8 million […]

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Technical product business Diploma reported its first half results on Wednesday, with revenues coming in ahead of expectations. Group revenues were 8 percent ahead of the comparable period, and 12 percent ahead at constant exchange rates. Revenues were even stronger in the life sciences division, up 16 precent or 8 percent on an underlying basis. […]

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Paddy Power Betfair (LON:PPB) have announced the appointment of Jonathan Hill as its chief financial officer, taking the place of current CFO Alex Gersh. Hill will join the gambling company in the autumn from over 50s insurer Saga, where he is currently CFO. Previously he was CFO at Bovis Homes. Shares in Paddy Power Betfair […]

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Shares in sofa retailer DFS (LON:DFS) rose 5 percent on Wednesday morning, after maintaining its dividend despite a profit fall of over 50 percent. Profit before tax plunged 58.1 percent to £7 million in the 26 weeks to the end of January, down from £16.7 million in the same period last year. DFS attributed the […]

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The EU markets watchdog ESMA will ‘ban’ the marketing, distribution and sale of binary options to retail investors, it was announced on Tuesday. “ESMA, along with National Competent Authorities (NCAs), concluded that there exists a significant investor protection concern in relation to binary options offered to retail investors,” it said in a statement. “This is […]

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GlaxoSmithKline (LON:GSK) announced the acquisition of Novartis’ 36.5 percent stake in their joint venture, the Consumer Healthcare Business. GSK will pay £9.2 billion for the stake in the business, which manufactures Sensodyne toothpaste, Panadol headache tablets and Nicotinell patches. The Consumer Healthcare Business was formed in 2015 as part of the three-part transaction between GSK […]

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Citigroup issued broker notes on Tuesday on both William Hill and Rolls-Royce, reaffirming previous ratings after a month of activity for both companies. Citigroup brokers reaffirmed their buy investment rating on William Hill PLC [LON:WMH] and set its price target at 380p. Shares in William Hill (LON:WMH) jumped earlier in March after the UK’s Gambling […]

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Shares in travel company Stagecoach (LON:SGC) saw shares sink 2.5 percent on Tuesday, after a weak performance for its UK bus company and business in North America. UK bus regional revenue fell by 0.1 percent on a like-for-like basis, after severe weather across the country impacted on results. In London, bus revenues fell by a […]

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British water supply company United Utilities (LON:UU) said its revenues had slipped during the course of 2017, but would still manage to post underlying profit in line with expectations. Expenditure increased at the company during the second half of the year, particularly on infrastructure renewals expenditure, but spending for the full year was likely to […]

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Moss Bros (LON:MOSB) reported a decline in profits over the course of 2017, after problems with stock shortages impacted on sales. The group was expected to release results along these lines, after issuing a profit warning last week. The group saw a rise in revenue but it failed to have an effect due to an […]

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Car sales in the UK are predicted to slide this year, adding to worries over a slowdown in consumer spending. New car registrations may fall by up to 5.5 percent during the course of 2018, according to ratings agency Moody’s. The falling value of the pound since the EU referendum has had a negative effect […]

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Barclays (LON:BARC) shares price shot up last week after it was announced that activist investor Edward Bramson would be taking a 5 percent stake in the bank, sparking rumours that the institution may be heading for a shake-up. Whilst early indications suggest that Bramson doesn’t intend to be too much of an ‘activist’ with Barclays, […]

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Shares in JD Sports (LON:JD) climbed over 3 percent on Monday, after investors showed their approval of the group’s acquisition of US athletic footwear company Finish Line. Finish Line is listed on the NASDAQ stock exchange with a market capitalisation of approximately $425 million, and has 556 stores in the US. It also has 188 […]

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Speedy Hire (LON:SDY) shares soared on Monday after the group upgraded their profit guidance and reported an increase in revenue. The tools and equipment hire company Speedy Hire said adjusted pre-tax profits were expected to be ahead of its previous expectations and that revenue had grown by 6 percent. The increase was driven by a […]

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Inchcape (LON:INCH) announced the acquisition of Central American automotive retailer Grupo Rudelman on Monday, sending shares up 1.2 percent. The group confirmed it had offered $284 million for the retailer on a cash-free and debt-free basis. The acquisition is expected to boost Inchcape’s earnings in first full year post-acquisition by mid-single digit percentage, as well […]

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Shares in YouGov (LON:YOU) jumped nearly 5 percent in early morning trading on Monday, after reporting a 78 percent profit boost over the first half of its financial year. Pre-tax profit hit £4.5 million over the six month period, up from £2.5 million a year earlier. Revenue at the data analytics company more than doubled […]

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Shares in recruitment agency Kellan Group soared over 10 percent on Friday morning, after reporting increases in both profits and revenue for the year ended 31st December 2017. The group reported full year revenue of £22 million, an increase of 0.5 percent on the year before, with revenue growing by 13.7 percent in the second […]

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Russian gold-developer and explorer Trans-Siberian Gold (LON:TSG) saw its share price sink on Friday, after warning that profits were likely to fall going forward. The group’s total gold production for the financial year 2017 of 36,714 ounces exceeded previous guidance, but it warned that profits were likely to fall heading in 2018. The miner, who […]

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Engineering firm Smiths Group (LON:SMIN) saw shares sink 10 percent on Friday morning after reporting weaker-than-expected first half results. The group’s figures were knocked by a hefty tax impairment charge and weakness in its core businesses, causing pretax profit to fall 12 percent to £217 million. This figure came in well below analysts expectations of […]

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Annual profits at high street retailer Next (LON:NXT) fell 8.1 percent over 2017, saying that the year had been “challenging in several different ways”. Pre-tax profit fell to £726.1 million, in line with the company’s guidance, with total group sales declining by 0.5 percent to £4.1 billion. In-store sales fell by a whopping 7 percent, […]

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The Bank of England’s Monetary Policy Committee voted against raising rates at their monthly meeting in March, but gave its strongest hint yet that it would reach a different decision in May. The outcome meant that the bank rate will remain at 0.5 percent, but two of the members voted for a rise to 0.75 […]

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Flybe (LON:FLYB) shares sunk nearly 25 percent in early trading on Thursday, after London Southend Airport owner Stobart Group said it wouldn’t be making an offer for the carrier. Stobart Group released a statement this morning saying that it had been “unable to reach agreement on satisfactory terms”. “The board of Stobart Group has determined […]

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Consumer self-care company Venture Life reported its first profit on Thursday morning, after a strong year of organic growth and international expansion. The group posted a maiden pre-tax profit of £0.1 million for the 2017 year, up from a loss of £1.1 million the year before. Revenues rose 12 percent to £16.1 million, driven by […]

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Reckitt Benckiser (LON:RB) has pulled out of takeover discussions with Pfizer (LON:PFE) , saying the acquisition of the whole of Pfizer’s consumer health business “did not fit their acquisition criteria”. Reckitt Benckiser had wanted to buy just one part of their business, but they were unable to reach an agreement for that part with Pfizer. […]

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Shares in clothing retailer Ted Baker (LON:TED) dropped nearly 4 percent on Thursday, after the group warned on ‘challenging’ external trading conditions going into 2018. The group performed well over the course of 2017, with group revenue rising 11.4 percent to £591.7 million. The figures were boosted by a 10.4 percent rise in retail sales […]

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Shares in advertising agency M&C Saatchi (LON:SAA) shot up nearly 5 percent on Thursday morning, after recording record revenue and earnings for the 2017 year. Revenues rose 12 percent to £251.5 million, up by 7 percent in constant currency terms. Profit before tax rose 16 percent to £27.7 million, with headline net earnings up 17 […]

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Employee services provider Personal Group (LON:PGH) saw profits fall in 2017, in direct correlation with the delayed roll-out of a salary sacrifice offering to Royal Mail Group and other customers. Pre-tax profit fell to 9.6 percent to £9.51 million, reporting an Ebitda “marginally ahead” of expectations at £10.8 million. The company increased its dividend by […]

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British oil and gas developer IGas (LON:IGAS) swung into profit in 2017, supported by a hefty tax credit and an increase in oil prices. The group reported a £15.5 million net profit for the year to end of December, compared with a loss of £32.9 million the previous year, with revenue jumping to £35.8 million […]

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Mothercare (LON:MTC) shares rose 5 percent at market open on Wednesday, after it said talks with lenders were progressing ‘constructively’. The group are in discussions with lenders after a series of profit warnings left them in need of a turnaround plan. The group said on Tuesday that it had called in KPMG to advise them […]

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Men’s clothing retailer Moss Bros (LON:MOSB) saw its share price drop by a third on Wednesday morning, after cutting its dividend and warning on its full year figures. The group said it now expected to deliver a profit figure ‘materially lower’ than market expectations, slashing its dividend to 1.97p per share, bringing the total dividend […]

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B&Q owner Kingfisher (LON:KGF) saw shares sink over 6 percent at market open on Wednesday, after it warned that the UK market looked more uncertain going forward. The warning came despite the group beating forecasts and reporting a 1.3 percent rise in annual profit, with like-for-like sales in the UK and Ireland growing by 0.6 […]

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Construction group Kier (LON:KIE) saw shares plunge over 5 percent on Thursday morning, despite reporting strong performance across its property and service divisions. The group reported a 4 percent increase in pre-tax profits, hitting £48.8 million in the six months to the end of December. Revenue rose 5 percent to £2,154 million, with underlying operating […]

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Soap maker PZ Cussons (LON:PZC) issued a profit warning on Thursday, causing shares to plunge 25 percent in early trading. The company, who manufacture brands including Imperial Leather and St Tropez, said trading had been weaker than expected in the last half of the year, warning that profits for the full year to May would […]

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Old Mutual (JSE:OML) shares rose in early trading on Thursday, after confirming that it expects the company’s separation into four parts to be complete by the end of 2018. The group reported a 22 percent rise in adjusted operating profit to £2 billion over the course of 2017, an increase of 7 percent in constant […]

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International real estate giant Savills (LON:SVS) reported a 3.5 percent increase in profit on Thursday, after a “highly resilient” in their UK residential business. Profit at the group £140.5 million, with revenues rising by 11 percent to £1.6 billion. Statutory profit before tax increased by 13 percent to £112.4 million, increasing its total dividend for […]

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Shares in cinema chain Cineworld (LON:CINE) rose over 2 percent on Thursday morning, after an increase in demand had a positive effect on revenue. Revenues rose 11.6 percent over 2017 to hit £890.7 million, with admissions growing by 3.5 percent to £103.8 million. Pre-tax profit also rose 22.7 percent on a statutory basis to £120.5 […]

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Zara owner Inditex (BME:ITX) reported a 41 percent jump in online sales over the course of 2017, after a year of “solid growth”. It was the first time the group had reported its online sales, which were a key driver of the group’s performance for the year, which saw net profits rise 7 percent to […]

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Car retailer Marshall Motor Holdings said profits doubled over the course of 2017, pleasing investors with a 16 percent dividend increase. The groups’s strong results were largely due to the sale of its leasing business as well as a hike in revenue, despite recording lower like-for-like new and used car unit sales. Pre-tax profit rose […]

The post Profits double at Marshall Motor Holdings, despite warning on 2018 appeared first on UK Investor Magazine.

Construction giant Balfour Beatty (LON:BBY) saw shares rise in early trading on Wednesday after reporting a jump in profits in 2017. The group, who are currently running the London Crossrail project, saw underlying operating profit more than double to £19 million. Pre-tax profit hit £165 million, up from £62 million in 2016. The group’s order […]

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Security and surveillance systems developer Petards Group (LON:PEG) recorded record profits in 2017, with revenue recording an increase for the fourth year in a row to hit £15.6 million. The group posted a 30 percent rise in annual profit after enjoying “another good year” in 2017. Pre-tax profit rose to £1.21 million, with revenue increased […]

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Wealth management and insurance company Prudential (LON:PRU) announced a 45 percent increase in profit over the course of 2017, alongside the announcement that it would demerge its UK and European investment management businesses. The company also announced that it would demerge its UK and European investment management business, splitting them in two separately-listed companies. The […]

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Shares in Morrisons (LON:MRW) rose in early trading on Wednesday, after the company declared a special dividend as their turnaround strategy begins to take effect. The group declared a special dividend of 4p per share and a final dividend of 4.43 pence, a 12.2 percent rise in the total dividend for the year. Profits also […]

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There is a substantial gender deficit in the world of business investment, according to a new report by the UKBAA, with women continually deterred from entering the traditionally ‘male’ world of angel investment. In the light of International Women’s Day, the ‘The Barriers and Opportunities for Women Angel Investing in Europe’ hopes to highlight the […]

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Insurance company Aviva (LON:AV) reported a 2 percent rise operating profit for the full year on Thursday, as expected by analysts, alongside an 18 percent dividend hike. Operating profit rose to £3.07 billion in 2017, up from from £3.01 billion the previous year, prompting the company to approve an 18 percent dividend hike. Assets under […]

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Shares in security company G4S (LON:GFS) sunk over 3 percent on Thursday morning, despite hiking their dividend for the 2017 year. The group raised their final dividend was raised by 5 percent to 6.11p per share, taking the full-year dividend to 9.7p per share. The results released on Thursday also showed a 3.2 percent rise […]

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Wireless solutions group Starcom (LON:STAR) saw shares rise in early trading, after reporting a 46 percent rise in profits over the 2017 year. Revenues increased 6 percent over the year to $5.4 million, with profits hitting $2.1 million, up from $1.4 million the previous year. Gross margin rose to 38.2 percent, with EBITDA loss, excluding […]

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Dominos Pizza (LON:DOM) shares rose over 7 percent on Thursday morning, after posting significant jumps in both revenue and sales over the course of 2017. Britain’s biggest pizza delivery company posted a 29.3 percent rise total revenue to £474.6 million, alongside a 15.1 percent rise in group system sales. System sales in the UK & […]

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The Co-op supermarket is in the process of launching a ‘scan-and-go’ checkout process, enabling users to scan products using their smartphone camera and have the total deducted from their card at the end of the shop. The initiative will be trialled at the Co-op’s store at its support centre in Manchester, followed by a further […]

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Insurance company Esure (LON:ESUR) reported soaring profits over the course of 2017, causing its shares to edge up in early morning trading. Pre-tax profits rose 5.6 percent to £98.6 million in the year to the end of December, driven by a 25.2 percent rise in written premiums and a 9.2 percent rise in in-force premiums. […]

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Shares in gambling company Paddy Power Betfair (LON:PPB) sunk nearly 5 percent in early trading, despite posting a better-than-expected rise in annual earnings for the 2017 financial year. The group’s earning were boosted by favourable sporting results and further investment in its online platforms. Underlying Ebtida rose 18 percent to £473 million, well above the […]

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Rolls Royce (LON:RR) shares rocketed 11 percent at market open on Wednesday morning, after posting a 25 percent profit rise well ahead of their own expectations. Pre-tax profit rose to £1.07 billion, a huge jump from the £813 million posted in 2016, with revenue increasing by 6 percent to £15.09 billion. The company held its […]

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Shares in asset manager Legal & General (LON:LGEN) edged up on Wednesday, after reported profit before tax rose 32 percent over the course of 2017. Profit rose to £2.1 billion in 2017, up from £1.6 billion the year before, after a “strong performance” across the board led to a boost to the group’s retirement institutional […]

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Total grocery sales increased by 3.2 percent compared to the same time last year, according to the latest figures from Kantar Worldpanel, marking 12th consecutive period in a row that total market sales have exceeded 3 percent. Ready meal sales were a strong driver of the results, with February festivities including Valentine’s Day and Chinese […]

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Retirement home builder McCarthy & Stone (LON:MCS) shares tumbled nearly 4 percent at market open on Tuesday, after saying it expects a small rise in first-half revenue. Despite lower completion rates and an expected drop in first-half margins and operating profit, higher selling prices lent a boost to figures. The group confirmed half-year revenue expectations […]

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Shares in equipment rental company Ashtead (LON:AHT) fell over 2 percent at market open, despite reporting increases in both profits and revenues for the third quarter. Underlying pre-tax profits rose 26 percent over the three month period to £205.1 million, with rental revenues increasing 24 percent to hit £845.5 million. EBITDA rose 20 percent to […]

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Online takeaway service Just Eat (LON:JE) reported a 26 percent boost in orders for the 2017 year, hitting a record 10 million orders in December alone. Total orders for the full year were at 172 million, up from 136.4 million in 2016, with revenue rising 45 percent to £546 million. Business was boosted by its […]

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Growth in the UK manufacturing sector slipped to an eight-month low on Thursday, slowing down after November’s 51-month high. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) figure came in at 55.2, showing the slowest month for the UK manufacturing sector in 11 months. Decelerations were seen across the consumer, intermediate and investment goods […]

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Energy services provider Hunting narrowed its losses during the course of 2017, causing shares to rise over 3 percent on Wednesday morning. The group reported a loss of $25.4 million for the year to the end of December, a narrower loss than the $170.7 million loss seen in 2016, after a strong performance by its […]

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Asset manager Schroders beat market forecasts during 2017, with underlying organic growth driving profits. The group reported a 23 percent increase in profit before tax to £760.2 million for the year just gone, attributing the improvement to an improvement in organic growth and “selective acquisitions combined with rigorous cost discipline.” Net operating revenue increased by […]

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BBA Aviation (LON:BBA) swung into profit in 2017, driven by an improved performance in both flight support and aftermarket services. The group recorded a pretax profit of $175.5 million in 2017, after an $82.2 million loss last year, with underlying operating profit rising 19 percent to $360.6 million. Flight support underlying profit grew 12 percent […]

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Carpetright (LON:CPR) shares plunged nearly 30 percent on Wednesday morning, after the company issued its second profit warning in a year. The group said it was in talks with its banks, after trading conditions in the first few months of 2017 “remained difficult” due to “continued weak consumer confidence”. In a statement, the home furnishings […]

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Bovis Homes (LON:BVS) shares rose in early morning trading on Thursday, despite reporting a fall in both completions and pre-tax profits. Pre-tax profits sunk to £114 million in 2017, down 26 percent from the previous year, accompanied by an 8 percent slowdown in the number of completions. Building costs rose over the year by 9 […]

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Informa (LON:INF) shares rose 1.2 percent on Wednesday morning, after improvements in both revenue and operating profit during the course of 2017. Revenue rose 30.7 percent to £1,757.6 million in 2017, helped by a strong return from acquisitions and favourable currency movements. Statutory operating profit rose to £345.3 million, with adjusted operating profit up 31.3 […]

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Services company Weir Group saw profits rise to £250 million for 2017, after the recovery in commodity prices provided a boost to business. The group, a maker of pumps and valves for mining and energy industries, reported a 47 percent jump in annual profit on Wednesday, after the construction industry recovered over the course of […]

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Estate agent Foxtons was hit badly by the slowdown in the London housing market over the course of 2017, reporting a 65 percent drop in profit for the period. Changes to stamp duty weighed heavily on the market’s performance in 2017, causing revenues at Foxtons, who benefitted strongly from London’s property boom, saw revenues fall […]

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ITV (LON:ITV) earnings fell over the course of 2017, after weakness in demand from advertisers weighed heavily on profits. Underlying earnings for the year to December 2017 fell 5 percent to £842 million, with net advertising revenue dropping to £1.6 billion from £1.7 billion the year before. Overall the group’s total revenue rose 4 percent […]

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Admiral Group (LON:ADM) saw shares rise over 5 percent at market open on Wednesday, after profits rose 45 percent over the course of 2017. Pre-tax profits hit £403.5 million in the twelve months to the end of December, with both earnings per share and return on equity increasing by 49 percent and 55 percent respectively. […]

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Shares in engineering group Meggitt (LON:MGGT) fell over 1.5 percent at market open on Tuesday, despite a sharp increase in pre-tax profit. The group’s pre-tax profits rose 34 percent to £262.4 million, with revenue growing by 2 percent to £2.03 billion. Meggitt, who specialise in the production of engineering components, saw its order book grow […]

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GKN (LON:GKN) saw profits fall 16 percent in 2017, after a review charge and costs from its North American Aerospace division impacted on full year figures. The group reported underlying profits before tax of £572 million, down 16 percent from a year ago, while organic sales grew 6 percent to £10.4 billion. However, profits took […]

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Sales at popular bakery store Greggs (LON:GRG) rose at a slower pace to previous quarters, as economic conditions became more “challenging”. Greggs reported like-for-like sales growth of 3.7 percent in the year to the end of December, down from the 4.2 percent in 2016. Total sales over the year rose 7.4 percent to £960 million, […]

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Standard Chartered (LON:STAN) shares climbed in early morning trading on Tuesday, after it announced that it would restart its dividend after a jump in annual profits. The group cancelled its dividend in 2015 in order to rebalance its books, after chief executive Bill Winters took control of the bank. The decision to reinstate dividend payments […]

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Persimmon posted a 25 per cent rise in annual profit on Tuesday, boosted by a rise both revenue and annual selling prices. Pre-tax profit hit £966.1 million for the year, with its revenue rising 9 percent to £3.42 billion. Legal completions of new homes increased to 16,043, up 872, and the group’s figures were boosted […]

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Shares in transport operator FirstGroup (LON:FGP) sunk over 10 percent on Wednesday morning, after a trading update warned on the disappointing performance of its US Greyhound bus routes. The company said many Americans had switched to budget flights instead of using the iconic long-distance bus service, meaning that earnings were likely to be slightly lower […]

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Barratt Developments (LON:BDEV) posted record pre-tax profits for the first half of the financial year, sending shares up in early trading. Th group reported profits of £342.7 million for the six month to the end of December, up 6.8 percent on the year before. Revenue rose by 9.5 per cent to £1.99 billion, up from […]

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Student accommodation provider Unite Group (LON:UTG) launched an £170 million share issue on Wednesday, in order to fund a further two university housing projects. Around 22 million shares are set to be issued at a price determined via a book-build, representing around 9.2 percent of the company’s share capital. The group is planning one of […]

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Metro Bank (LON:MTRO) posted its first annual profit on Wednesday, after after it reported growth in deposit and lending volumes. The bank, who is one of a set of new ‘challenger banks’ offering easier, customer-friendly banking to shake up the industry, reported a pre-tax profit of £10.8 million in the year to December 2017. This […]

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Shares in Lloyds Bank climbed nearly 2 percent on Wednesday, after posting a 24 percent rise in profit. The group reported statutory profits before tax of £5.3 billion in 2017, up from £4.2 billion the year before. Its ordinary dividend increased to 3.05 pence, up 20 percent, and underlying profit rose 8 percent to £8.5 […]

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Engineering group Siemens’ initial public offering of healthcare unit Siemens Healthineers is on track for March 2018, and is expected to be valued at between $40 and $50 billion. The arm of Siemens, which specialises in imaging and diagnostic equipment used in hospitals, is set to float on the Frankfurt Stock Exchange and is likely […]

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Shares in Holiday Inn owner InterContinental Hotels Group (LON:IHG) fell over 4 percent on Tuesday morning, despite posting a set of positive preliminary results for the year to December 2017. The group reported a 7 percent rise in operating profits for 2017, bringing the total to $759 million. Revenue grew 4 percent to $1.78 billion, […]

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Dunelm Group (LON:DNLM) shares fell over 12 percent in early trading on Tuesday, after profits slipped in the half year to December 2017. Profit before tax and exceptional costs fell to £60 million over the period, down from £65.2 million a year ago. Its profit margin fell 1.8 percentage points to 48.6 per cent, attributed […]

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HSBC released a strong set of results for 2017 on Tuesday, despite just missing analysts’ expectations and sending shares down over 3 percent. The banking group brought in $51.5 billion in adjusted revenues, an increase of 5 per cent on the year before. Pretax profit rose 141 percent to $17.2 billion during the course of […]

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BHP Billiton (LON:BHP) saw profits fall 37 percent in the second half of 2017, after recording an exceptional loss of $2 billion. Profit for the half year to December came in at $2.0 billion, down from $3.2 billion reported in the same period the year before. The mining group attributed this to the $2 billion […]

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Leisure travel company Dart Group (LON:DTG) said on Monday that it expects underlying profit before tax to be ‘materially’ ahead of previous expectations, sending shares up nearly 15 percent. The group attributed the change in expectation to the ‘continued success of our growing Leisure Travel business and a more normalised pricing environment after the heavy […]

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Petra Diamonds (LON:PDL) shares rose slightly on Monday morning, despite, reporting a loss for the first half of the 2017 fiscal year. The group faced problems with industrial action and was forced to write down the value of its assets in South Africa over the period, leading to a net loss of $117.7 million, compared […]

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Shares in consumer goods company Reckitt Benckiser (LON:RB) fell over 3 percent in early trading on Monday, after revenue came in flat for the 2017 financial year. The company had previously downgraded their revenue guidance, with like-for-like revenue coming in line with that guidance despite increasing by 2 percent in the fourth quarter. However net […]

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British convenience store chain McColl’s saw shares sink over 10 percent on Monday morning, after warning on disruption in the wake of the collapse of one of its key suppliers. Palmer & Harvey entered administration late last year,with McColl’s warning that their collapse was likely to have further disruptions in 2018. The retailer has made […]

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Shares in homeware retailer Laura Ashley (LON:ALY) dropped nearly 10 percent on Thursday morning, after the company issued a profit warning in the wake of disappointing Christmas trading. The group said “continued market challenges” would have an impact on profits in 2018, after like-for-like sales fell 0.5 percent in the half year December and pre-tax […]

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Lloyds and Scottish Widows have terminated their asset management contract with Standard Life Aberdeen (LON:SLA), in the wake of the merger between Standard Life and Aberdeen Asset Management. Shares in Standard Life Aberdeen fell over 4 percent on the news, with the fund manager set to lose revenue and take a £40 million impairment charge […]

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InnovaDerma (LON:IDP) shares sunk over 3 percent on Thursday morning, despite the release of strong first half figures. Revenue rose 31 percent during the first six months of the financial year to £4.2 million, up from £3.2 million a year ago. Gross profit increased by 20.6 percent to £2.22 million, with the company attributing the […]

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Aveva (LON:AVV) reported a strong final quarter of 2017 for Schneider Electric, with a “record” EBITA figure beating its own target. Aveva, who combined with Schneider Electric’s software business in late 2017 in a deal worth over £3 billion, reported a continued growth in SE’s licencing and maintenance revenue streams. However, this was partly offset […]

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The Bank of England’s monetary policy committee voted unanimously to keep the key interest rate at 0.5% at their latest meeting, despite rumours of a possible rate hike. The FTSE 100 sunk in anticipation of the news, before picking up slightly in the wake of the announcement. Whilst all members of the committee voted to […]

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Travel operator Thomas Cook (LON:TCG) has “got the year off to a good start”, seeing a 7 percent revenue rise in the first quarter of the year. Seasonal underlying operating loss improved by £10 million to £42 million, with its full year outlook remaining in line with expectations. Gross profit increased by £16 million to […]

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Investment manager Ashmore Group (LON:ASHM) reported an 18 percent growth in assets under management on Thursday, boosted by strong performance across the emerging markets. The group reported net inflows of $7.9 billion over the six months to the 31st December, and positive market performance of $3.2 billion. Profit before tax fell by 18.5 percent to […]

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Compass Group (LON:CPG) shares jumped 5 percent on Thursday, after reporting organic revenue growth for the first three months to 31 December of 5.9 percent. The strongest region for the period was North America, which saw an 8.2 percent increase in organic revenue, boosted by a particularly strong performance in the Healthcare & Seniors, Vending […]

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Beach holiday retailer On The Beach saw revenue rise 23 percent in the three months to the end of January, boosted by both core business and its sunshine.co.uk acquisition. The group said it had continued to “perform well” over the period, despite price increases in the market year-on-year for winter departures due to the failure […]

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Hargreaves Lansdown (LON:HL) reported strong figures for the six months to the end of 2017, with pre-tax profits benefitting from an increase in client numbers. Assets under administration rose 9 percent over the period to £86.1 billion, with pre-tax profits rising 12 percent to £146.9 million. Net new business hit £3.34 billion during the period, […]

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The FTSE plunged to its lowest level in a year on Tuesday morning, after a global stock sell-off hit markets across the world overnight. European markets in Frankfurt and Paris opened down around 3 percent, after seeing Japan’s Nikkei index close down over 4 percent and the Dow Jones lose 4.6 percent of its value. […]

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BP (LON:BP) announced soaring profits for the full year 2017, alongside a near 20 percent rise in production after a rise in oil prices. BP reported fourth quarter underlying replacement cost profit of $2.1 billion, up from $400 million the year before, with production for the quarter up 18.1 percent to 2,581 million barrels per […]

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Ocado shares fell over 6 percent at market open on Tuesday, after pre-tax profit plunged by over £11 million. Pre-tax profit dropped in the year to December’s end, from £12.1 million in 2016 to to £1.0 million in 2017. Total order volumes at the online grocery store rose by 14.3 percent during the period to […]

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The UK’s manufacturing sector slowed again in January, in contrast to the Eurozone figure which remained bouyant. The IHS Markit/CIPS PMI figure stood at 55.3 in January, the seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI ), its lowest level since June last year. New order intakes rose leading to higher production levels, which increased […]

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The Eurozone’s manufacturing figures were strong in January, continuing to hover around the near-record highs seen at the end of 2017. The final IHS Markit Eurozone Manufacturing PMI recorded a three-month low of 59.6 in January, down marginally from December’s record high of 60.6. It matched the flash estimate released beforehand, with the figure recording […]

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Facebook shares fell sharply in after hours trading, after its fourth quarter results revealed a drop in daily user growth. Facebook now has 1.4 billion daily users, up 2.18 percent. This compares to the 3.8 percent growth to 1.37 billion users in the previous quarter. The site did record a growth in monthly active users, […]

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Capita (LON:CPI) shares fell nearly 40 percent on Wednesday, after announcing plans for a rights issue to raise £700 million to negate a fall in profits. The outsourcing company warned that 2018 underlying pretax profit was expected to be between £270 million and £300 million, after saying that it did “not expect to offset the […]

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Shares in healthcare group Venture Life (LON:VLG) tanked over 5 percent at market open on Wednesday, despite saying that expected to report a full-year revenue rise of 12 percent. Revenue is likely to rise to £16 million, with Ebitda up to over £1.7 million. However, the company’s earnings figure will reflected the new accounting standard […]

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Dairy product manufacturer Dairy Crest (LON:DCG) reported a revenue rise of 7 percent in the first nine months of year, sending shares up over 2 percent at market open on Wednesday. Revenue rose 16 percent over the period to £220.1 million, with adjusted profit before tax up 8 percent to £20.6 million. Its cheddar cheese […]

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Wizz Air shares sunk over 2 percent on Wednesday, despite a 3.6 percent rise in profits in the third quarter. Profits were boosted by a large jump in revenue, that was only partially offset by higher fuel costs. Total revenue increased 24 percent to €422.9 million, with ticket revenues up 26.1 percent to €241.7 million. […]

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Technology company Philips reported a strong increase in both sales and profits during the fourth quarter, as the company moves its focus to healthcare technology products. The group reported fourth quarter sales of 5.3 billion euros with a 5 percent comparable sales growth. Net income from continuing operations hit 476 million euros and its comparable […]

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Pizza delivery chain Domino’s (LON:DOM) reported strong trading in its fourth quarter, with the X Factor final marking their biggest sales day of the year. Group system sales rose 18.2 percent, with strong growth reported in both “established and newer markets”. UK system sales up 9.8 percent, with sales up 25 percent over the average […]

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Convenience food manufacturer Greencore (LON:GNC) issued a positive trading update on Tuesday morning, with revenue for the final quarter of 2017 expected to rise over 50 percent. The group recorded revenue of £640.5 million in the 13 weeks to 29 December 2017, a rise of 53.6 percent on a reported basis. Its convenience foods business […]

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Informa (LON:INF) said its 2017 full year results were broadly expected to be in line with expectations in a trading update on January, ahead of its proposed takeover of events company UBM. The company reported underlying revenue growth of 3 percent for the full financial year of 2017, in line with previously outlined expectations outlined […]

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Sales of De Beers diamonds fell in the first sales cycle compared to the same period a year ago, with owner Anglo American (LON:AAL) seeing its share price fall at market open. The provisional value of rough diamond sales for De Beers’s first sales cycle of 2018 amounted to $665 million, compared to $729 million […]

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Restaurant Group (LON:RTN) shares fell nearly 2 percent on Thursday morning, after a trading update for the full year to December 2017 showed a drop in sales. Like-for-like sales for the period were down 3 percent, with total sales decreasing by 1.8 percent. The group called the market conditions over the year “challenging”, adding that […]

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Kier Group reiterated previous guidance in a trading update on Thursday, saying it was on track to deliver double digit profit growth for the six months to December 2017. The group confirmed that it had concluded its two-year portfolio simplification programme, in line with previous guidance. An increase in investment in Property and Residential led […]

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Miner Anglo American (LON:AAL) reported a 5 percent increase in total production in 2017, sending shares up slightly in early trading. The group reported the figures in their Q4 production report on Thursday, with the increase in total production achieved despite actions taken to remove higher cost volumes in platinum and metallurgical coal, which had […]

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The fourth annual Women in IT Awards is set to take place at the Grosvenor House Hotel in Park Lane next week, furthering the cause of diversity in the IT and tech industries. The awards ceremony, organised by Information Age in partnership with Amazon Web Services, will bring together over 1,100 business and technology leaders […]

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Antofagasta (LON:ANTO) reported a fall in copper production in the fourth quarter, sending shares down in early morning trading. Production of the metal fell 1.3 percent on the previous quarter, to 177,800 tonnes. Group copper production for the full year was 704,300 tonnes, in line with guidance but 0.7 percent lower than in 2016. The […]

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Hostelworld (LON:HSW) shares rose nearly 5 percent on Wednesday morning, after bookings shot up over the course of 2017. In a trading update issued on Wednesday morning, the company reported a 6 percent growth in overall bookings for the year. Growth in the second half flagged however, up just 1 percent on the second quarter […]

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Software provider Sage Group saw shares fall nearly 5 percent in early trading on Wednesday, despite a jump in revenues in the first quarter. Group organic revenue increased by 6.3 percent for the first three months of the year, with organic recurring revenue grew by 7 percent. This was underpinned by software subscription growth of […]

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WH Smith (LON:SMWH) sales fell during the 20 weeks to January 20th, despite a rise in sales at airport outlets. Like-for-like sales for the group overall were down 1 percent, whilst sales at airports and stations rose 7 percent, 3 percent on a like-for-like basis. High Street sales were the worst hit, seeing a 5 […]

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Harwood Wealth Management (LON:HW) reported a “strong year of progress” on Tuesday, posting a set of positive figures for the year ended 31st October 2017. The group reported an 81 percent rise in assets under influence to £3.8 billion over the 12 month period, with revenue up 123 percent to £25.9 million. This was up […]

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Pets at Home (LON:PETS) reported group revenue growth of 9.6 percent during the third quarter of its financial year, pushing shares up over 7 percent in early trading. Revenue for the period as a whole rose to £223.3 million, with merchandise revenue growing 9 percent and services revenue growing 13.6 percent.. Its First Opinion vet […]

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Trading platform IG (LON:IGG) saw shares rise on Tuesday morning, after reporting a record 10pc revenue increase for the six months to the end of November. Revenue was boosted to £268.4 million over the period, with pre-tax profit up 29 percent to £136.2 million. Operating expenses, excluding variable remuneration, fell by 7 percent to £117.6 […]

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Budget airline Easyjet (LON:EZJ) reported a growth in both revenue and passenger growth during the first quarter of 2018, pushing shares up over 5 percent in early trading. Total revenue in the first quarter increased by 14.4 percent to £1,140 million, aided by the company adding 1.4 million passengers during the period. The figure represents […]

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Pre-tax profits at flooring company Headlam Group (LON:HEAD) are expected to be 6 percent higher than the previous year, despite weaker markets in the second half of 2017. In an update to markets given on Thursday, the group confirmed that underlying pre-tax profits for the year ended 31 December would be comfortably in-line with market […]

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China’s latest economic growth figures have topped expectations, with the economy growing at 6.9 percent in 2017. This was above a government target of 6.5 percent, according to official figures released on Thursday, and an improvement on 2016’s figure in which the world’s second largest economy expanded by 6.8 percent. This will come as a […]

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Costa and Premier Inn owner Whitbread (LON:WTB) released their third quarter trading update on Thursday, recording strong sales growth despite warning that the environment would be “tough” in the coming year. The group reported a total sales growth of 6.8 percent in the year to date, and confirmed it was on track to meet full […]

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IT service provider Adept4 (LON:AD4) saw shares rise on Wednesday, after reporting strong preliminary results for the year to September 2017. The group reported revenues of £10.3 million, up from £4.9 million last year, with a gross profit margin of 60 percent. Recurring revenues came in at £7.3 million, up from £3.2 million the previous […]

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Shares in luxury retailer Burberry (LON:BRBY) fell 6.5 percent on Wednesday, as the company fails to keep up with competition in foreign markets. Retail revenue fell 2 percent during the three months to December compared to the same period last year, from £735 million to £719 million. Comparable store sales for the group overall rose […]

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Over 8000 Carillion workers are being faced with the prospect of their wages being stopped, as tougher demands from the company’s banks pushed the bank into insolvency. Minister David Lidington has confirmed that the Government will continue to pay Carillion’s 11,000 staff who who work in public services jobs, but the clock is ticking for […]

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The government is preparing for the collapse of the UK’s second largest construction firm, Carillion, after the company entered talks with creditors on Wednesday to save the troubled company from bankruptcy. The contractor, which has seen its share price plunge over the last year after issuing three profit warnings in a five month period, is […]

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Jewellery company Pandora (CPH:PNDORA) saw shares fall over 15 percent on Thursday, after warning that results for the full year may lag behind previous guidance. The company said its EBITDA margin for the four year period between 2018-2022 would be around 35 percent, a little below the 37.3 percent reported last year. Whilst the Danish […]

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Tesco (LON:TSCO) shares fell nearly 5 percent on Thursday morning, after its strong set of Christmas results failed to match up to analysts’ expectations. UK like-for-like sales at Britain’s biggest retailer rose 1.9 per cent in the six weeks to January 6, but analysts had been expecting a figure of 3.2 percent. Food sales rose […]

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Marks and Spencer released a disappointing set of Christmas results on Thursday, as consumers’ tighter budgets and ongoing trading pressures took a hit. Like-for-like revenues fell 1.4 percent in the 13 weeks to 30 December, with its most successful division, food, falling by 0.4 percent. Clothing and homeware fell 2.8 percent, despite the group’s continued […]

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Stone manufacturer Marshalls released a strong set of results on Wednesday, pushing shares up nearly 4 percent in morning trading. The company, who specialise in paving and hard landscaping products, recorded an 8 percent increase in group revenue for the year ended 31 December 2017 at £430 million. Sales in the Domestic end market, which […]

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Photography firm Kodak (NYSE:KODK) has jumped on the cryptocurrency bandwagon, announcing the launch of its new ‘KodakCoin’ on Wednesday. The currency will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management,” causing Kodak shares to almost double in price. The move represents a move in a new […]

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British clothing brand Ted Baker (LON:TED) saw shares rise over 8 percent on Wednesday, after a trading update confirmed the group’s “good performance over the Christmas period”. Retail sales increased by 9 percent in the eight week period from 12th November 2017 to the 6th January 2018, compared to the same period last year, with […]

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Crowdfunding platform Crowd2Fund have given its loyal platform investors the opportunity to get involved in its latest fundraising round, beginning with an exclusive offer to take part in an initial £1 million offering. Demand from its platform investors was so high that the initial offering was overfunded to £1.5 million, and more shares were issued […]

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Electronics giant Samsung saw shares sink on Tuesday morning, despite news that the group is on track for its highest ever annual profits. Shares sunk as Samsung’s figure for the quarterly profits missed analysts’ high expectations, disappointing investors. The group recorded profits of 15.1 million won for the previous quarter, below the 15.9 expected by […]

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Sales at Britain’s fourth largest supermarket, Morrisons, continued to grow over the Christmas period, sending shares up 4 percent at market open on Tuesday. Sales of its premium products rose by 25 percent over the 10 weeks to the 7th January, with overall group like-for-like sales up 2.8 percent. The group, who had been going […]

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Blockchain venture builder Coinsilium Group saw shares rise over 12 percent on Monday, after the group announced the acquisition of a further 3.5 percent of the share capital of Indorse Pte. The company bought Indorse, an “ethereum-based decentralised network for professionals” through its wholly-owned subsidiary Seedcoin for an agreed price of 175,000 Singapore Dollars, approximately […]

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The future of troubled toy retailer Toys R Us will be decided on Thursday, as creditors prepare to vote on whether to back the proposed rescue plan. The Pension Protection Fund (PPF) had already said it will vote against the plan, after Toys R Us failed to secure £9 million, but both parties have been […]

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Government borrowing has fallen to its lowest November level since 2007, according to the latest figures from the Office for National Statistics. Public borrowing for the year-to-date fell to £48.1 billion, £3.1 billion lower than the 2016 April – November period. A spokesperson for the ONS said: “This is the best year-to-date borrowing in a […]

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UK car production fell in November, setting the industry on track for its first annual fall in eight years. Production at UK factories fell by 4.6 percent in November, putting the total number of cars produced at 161,490. Whilst the number of cars destined for the domestic market fell, the figures were offset by a […]

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The International Monetary Fund has warned that the UK may lose out in the wake of Brexit, downgrading growth prospects in its latest report. The IMF now expects growth of 1.6 percent this year, down from its previous forecast of 1.7 percent. Growth is expected to slow further in 2018 to 1.5 percent. The report […]

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The Post Office is to be given an extra £370 million by the government, after the postal service announced it had made a profit for the first time in to get 16 years. The money will be used largely to protect Post Office services in rural areas, as well as to modernise the existing 11,600 […]

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The British manufacturing industry surged towards the end of the year, with order books at a near 30-year high in December. November’s strong growth continued into December, according to the latest figures from the Confederation of British Industry, helped by inflationary pressure and a weak pound. In a survey of 371 manufacturers, 28 percent said […]

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South Korean cryptocurrency exchange YouBit filed for bankruptcy on Tuesday, after a large-scale cyber attack which saw it lose 17 percent of its assets. The attack was the exchange’s second hit from cyber-thieves, who took 4,000 bitcoins, now worth $73 million, back in April. An announcement that appeared on its homepage on Tuesday said it […]

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In October interest rates rose for the first time in more than a decade, increasing from 0.25% to 0.50%. Whilst this change is relatively small, it is an indicator of the direction of travel, with further increases predicted by the City in 2018. One of the key reasons for the increase was to counter inflation, […]

The post What does the rise in interest rates mean for savers, investors and P2P next year? appeared first on UK Investor Magazine.

Toys R Us must come up with £9 million to put into its pension pot by Thursday, or face falling into administration in the wake of ongoing financial difficulties. The group needs to find the money in order to obtain the Pension Protection Fund’s approval for the vital restructuring of the business. It is a […]

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Investment company City Of London Group (LON:CIN) saw shares sink over 3 percent on Tuesday, after the company disclosed yet another loss for the period. In its results for the six month period ended 30 September 2017, the group recorded a loss before tax of £0.2 million, an improvement on the loss of £0.7 million […]

The post City Of London Group shares fall on continuing loss appeared first on UK Investor Magazine.

The FTSE 100 rallied on Monday morning, signalling the start of the market’s annual ‘Santa Rally’ in the run-up to the Christmas weekend. Driven by risers like infrastructure group 3i, up 2.30 percent and Hunting plc, up nearly 4 percent, the FTSE 100 struggled its way higher in the early hours of trading. The FTSE […]

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Bitcoin futures trading began on the Chicago Mercantile Exchange market on Monday, a move which takes the cryptocurrency one step further to mainstream investment. This comes as Bitcoin hovers around its highest price ever, regaining strength on Monday morning after sinking from its record high on Monday. Bitcoin is currently trading at $19,053.76 (1047GMT). According […]

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IG Group (LON:IGG) shares fell over 10 percent on Monday morning, after the European Securities and Markets Authority announced the possible introduction of a ban on the sale of binary products to retail investors. On Friday ESMA said it had been “concerned about the provision of speculative products such as CFDs, including rolling spot forex, […]

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International energy services provider Hunting plc saw shares rise nearly 4 percent on Monday, after management said it expected to release a strong set of results in March. The group said in a trading update that revenue for the full year would likely be around the $700 million mark, with “results strongly weighted to the […]

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Dixons Carphone saw both profits and sales plunge in the first half of the year, caused by a “tougher” mobile phone market hitting its mobile phone division. Group profit before tax dropped to £61 million from £154 million the same time last year, with like-for-like sales down 2 percent to £3 billion. Profit in the […]

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Wage growth came in well below inflation in October, increasing pressure on households for the seventh month in a row. Average weekly wages rose by 2.3 percent in the three months to October, according to the latest statistics from the Office for National Statistics, coming in below yesterday’s inflation figure of 3.1 percent. Real earnings, […]

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Parity Group (LON:PTY) shares jumped nearly 13 percent on Wednesday morning, after confirming that operating profit for the full year would be ahead of expectations. The group are now expecting full-year underlying operating profit to show double digit growth over the 2016 financial year, marking the fourth consecutive reporting period of comparative operating profit improvement. […]

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Diamond giant De Beers reported solid demand for its diamonds in December, with sales of rough diamonds coming in at $450 million. Demand remained broadly stable in the company’s last sales cycle of the year, with levels similar to those seen in cycle nine. Sales were also slightly ahead of the equivalent period in 2016. […]

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Inflation rose to its highest level in nearly six years in November, with the key figure continuing to remain well above wage growth. Inflation hit 3.1 percent last month, well above the Bank of England’s 2 percent target. It also means the price of products is growing far faster than wage growth which remains at […]

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Equipment rental firm Ashtead (LON:AHT) saw shares rise over 4 percent on Tuesday morning, after seeing consistent improvement in performance over the six months to October. Group rental revenue rose 20 percent over the period, with first half underlying pre-tax profit hitting £537 million. The group spent £708 million on capital expenditure, up from £683 […]

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UK shopping centre owner Hammerson (LON:HMSO) made a £3.4 billion bid for smaller rival Intu (LON:INTU), a move already agreed by over half of Intu’s shareholders. Hammerson, who owns several major UK shopping centres including the Bullring in Birmingham and London’s Brent Cross, made an offer of 253.9p per share for Intu, a 28 per […]

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Shares in insurance provider Saga dropped by nearly 25 percent on Wednesday, after “challenging trading” led to the issuance of a profit warning. The company were negatively affected by the collapse of Monarch Airlines, with the change of carriers costing £2 million. Shares fell after the Saga said that it expects underlying pretax profits to […]

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The UK car industry suffered yet another blow in November, as sales of new vehicles fell for the eighth month in a row. Economic uncertainty continued to affect the industry’s performance in the run-up to Christmas, with a sharp fall in demand for diesel cars and a 33 percent drop in business registration. Sales slumped […]

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Shares in transport operator Stagecoach (LON:SGC) rose over 5 percent on Wednesday morning, after the extension of its East Midlands train franchise and further negotiations with the Department for Transport. Stagecoach released their six months results for the period to the end of October, with earnings per share in line with the group’s expectation at […]

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Bitcoin moved into record territory on Wednesday, hitting $12,000 after gaining $500 since the day’s open in Asia. Bitcoin is currently trading at $12,725 (1037GMT), pushing bitcoin’s market capitalization beyond $200 billion for the first time, according to CoinDesk’s Bitcoin Price Index shows. However the price increase has sparked yet more criticism from those against […]

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Soft drink maker Britvic (LON:BVIC) saw share jump over 6 percent on Wednesday, after reporting an 8 percent revenue boost. The company, which produces drinks including Robinsons squash and Pepsi Co in the UK and Ireland, reported a revenue rise of 8 percent, to £1.54 billion and a 5.1 percent increase in adjusted EBITA to […]

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Shares in housebuilder Telford Homes (LON:TEF) shot up nearly 4 percent at market open on Wednesday, after a demand boost in London meant it was “business as usual” despite an uncertain climate. The group said it remained well positioned to meet market expectations for the full year, having already secured over 95 per cent of […]

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Shares in Cineworld (LON:CINE) plunged over 16 percent on Wednesday morning, after confirming it was in talks to buy US cinema chain Regal in a deal worth £2.7 billion. The agreement to buy the chain, which is currently at an advanced stage, spooked investors on Wednesday morning. The takeover would require a rights issue, with […]

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Investors appear to be undeterred by weaker-than-expected full-year figures from Topps Tiles (LON:TPT), with shares rising over 7 percent in morning trading on Tuesday. The group revealed sales of £211.8 million in 2017, a fall from the £215 million figure recorded last year. Like-for-like sales also declined by 2.9 percent, with the gross margin falling […]

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By James Trescothick, Senior Global Strategist at easyMarkets As anyone who is in the industry will tell you, when it comes to online trading it is always a battle between two groups of people, the bulls and the bears. Bitcoin is no different, but both groups are so vocal in their opinions on whether it’s […]

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Food producer Cranswick (LON:CWK) saw shares soar over 7 percent on Tuesday morning, after heavy investment in infrastructure appeared to pay off in the latest set of results. Group revenue rose 23 percent to £714.6 million, with adjusted profit before tax coming in 17.2 percent higher at £44.4 million. The group’s dividend per share rose […]

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The Financial Conduct Authority has issued a warning about the risks of investing in binary options, after highlighting the potential for fraudulent companies to take advantage of inexperienced investors. Currently binary options are not a financial instrument regulated by the FCA, however from 3rd January 2018 this will change. Up until then companies offering the […]

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British gas owner Centrica saw shares plunge over 17 percent on Thursday, after the company lost almost a million customer in just four months. Its share price sunk to its lowest level in 14 years, after losing 6 percent of its customer base in the period from July to October. The company also warned that […]

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Mothercare’s share price tanked on Thursday, tumbling over 15 percent after posting a loss of £16.8 million. Whilst some of the figures for the six months to September looking promising, investors were spooked by a recent “softening in the market” and “a challenging consumer backdrop”. Online sales growth grew 57 percent in constant currency, with […]

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Chancellor Philip Hammond laid out his budget on Wednesday, focusing heavily on Brexit and aiming to alleviate the effect of a possible fall in economic growth as the UK prepares to leave the European Union. Brexit Hammond said the government “are determined to to ensure that the country is prepared for every possible outcome”. Because […]

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Shares in travel company Thomas Cook plunged on Wednesday morning, after UK profits dropped significantly in the year to 30th September. The group was hit by a combination of rising holiday prices and a fall in the value of the pound, as well as a price war in the Spanish market. Earnings in its UK […]

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Fast fashion clothing group Quiz (LON:QUIZ) saw shares rise over 5 percent on Wednesday, as its marketing revamp begins to take effect. The group hired a new head of marketing, Lesley Morton, in September 2017, who launched a more widespread marketing campaign and a collaboration with Love Island star Gabby Allen. Group revenue rose 35.2 […]

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Cubana Waterloo Ltd are raising a £200,000 loan on leading crowdfunding platform Crowd2Fund, in order to expand their Latin American street food and exotic Cuban cocktails concept. The restaurant chain initially raised over £100,000 in July and returned to the platform in November due to unprecedented demand from a loyal and eager crowd. The restaurant […]

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Shares in engineering firm GKN fell over 6 percent on Thursday, after it was announced that incoming chief executive Kevin Cummings would leave the board and company immediately. Cummings, who was set to take over from current CEO Nigel Stein in January, will leave his position at GKN today. No further information on the decision […]

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Royal Mail (LON:RMG) shares surged at market open on Thursday, before falling into negative trading after reporting a 30 percent fall in profits. The company is struggling to deal with increasing competition from other carriers, undergoing a cost-cutting plan to designed to stabilise its finances. The company saw some improvement over the period, with revenues […]

The post Royal Mail share price drops as decline in letters and pension battle continues appeared first on UK Investor Magazine.

Football club Manchester United posted strong results on Thursday, boosted by a 17pc revenue rise after a US pre-season tour. The club recorded an income of £141 million for the three months to the end of September, and said it year-end revenues were on track for between £575 million and £585 million. Last year annual […]

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Barratt Developments (LON:BDEV) said it had a “strong” start to the new financial year on Wednesday, but its share price fell as investors failed to be impressed by the figures. Total forward sales in the first quarter rose 8.4 per cent on last year to £2.87 billion, with “affordable” home forward sales rose 12.1 per […]

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Bovis Homes (LON:BVS) said the company was on track to meet full-year expectations on Tuesday, after saying that it had “fully sold” its targeted completions for the 2017 year. An increase in both demand and property prices mean the company is on track to meet its expectations for FY2017 and to deliver “significant improvements” in […]

The post Bovis Homes shares drop for second day running after 31pc profit plunge appeared first on UK Investor Magazine.

TalkTalk (LON:TALK) shares sunk nearly 20 percent in early morning trade on Wednesday, after reporting a £75 million loss and warning on full-year trading figures. Operating losses for the six months to September stood at £42 million, a significant fall from the £44 million profit generated in the same period last year. Consumer was faith […]

The post TalkTalk share price dives after reporting £75m loss appeared first on UK Investor Magazine.

Shares in defence tech company Cobham (LON:COB) rose on Wednesday, after it confirmed its turnaround plan was on track and trading for 2017 was in line with expectations. The positive news comes after Cobham was forced to issue a string of profit warnings over the last two years, as “onerous contracts, including the KC-46 tanker […]

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James Trescothick, Senior Global Strategist at easyMarkets For me, 2013 has long stayed in my memory as a year that affected me personally – a year where one key event impacted me directly. Looking back on it now though, its seems that there are several things that occurred that year, which are now repeating. Firstly, […]

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UK inflation remained at 3 percent in October, according to the latest figures from the Office for National Statistics, its highest ate for over five years. Groceries saw the biggest price increase over the month, with market researcher Kantar Worldpanel saying grocery inflation was at 3.4 percent in the 12 weeks to November 5th. This […]

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ITV’s (LON:ITV) share price sunk in early trading on Tuesday, after broadcast and online revenues sunk in the nine months to September. Total ITV Studios revenue rose 9 percent to £1,009 million over the period, up from £923 million during the same period last year, boosted by good organic growth. However, total external revenue fell […]

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Shares in transport operator FirstGroup (LON:FGP) fell over 2 percent in early trading on Tuesday, as an increase in revenue failed to offset a £2 million loss. Group revenue rose 8.1 percent, as the new South Western rail franchise and favourable foreign exchange had had a positive impact on figures. Even excluding these factors group […]

The post FirstGroup share price drops as hurricanes hit profits appeared first on UK Investor Magazine.

Troubled electronic manufacturer Toshiba (TYO:6502) recorded an increase in operating profits in the half-year to September, despite most of the increase coming from a business they have agreed to sell. The company’s 76 percent jump in operating profit was driven almost entirely by an increase in sales at its memory chip business, which it agreed […]

The post Toshiba hit again as sold business arm records highest sales appeared first on UK Investor Magazine.

Shares in retailer Halfords (LON:HFD) fell over 6 percent on Thursday morning, after profits were hit by the weaker pound. The company reported a strong increase in revenue over the financial year, with total group revenue up 3.8 percent and 1.5 percent on a like-for-like basis. Halfords said that it anticipated group profit before tax […]

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Shares in luxury brand Burberry (LON:BRBY) tumbled over 10 percent on Thursday morning, as investors shied away from the high costs of CEO Marco Gobbetti’s growth plan. The group made the announcement alongside a strong set of first half results, with revenue rising by an underlying 4 percent to £1.26 billion over the six months […]

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Chinese internet giant Tencent has taken a ten percent share in Snap (NYSE:SNAP), with the announcement coming just a day after the company reported a disappointing set of earnings for the third quarter. The Chinese company have taken a roughly 10 percent stake in Snapchat parent Snap, according to documents released on Wednesday from the […]

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Challenger bank OneSavings (LON:OSB) saw its share price jump nearly 4 percent on Wednesday, after it increased its full expectations for loan book growth to 20 percent. The bank hit a 17 percent increase in its loan book during the first nine months of the year, with net loans and advances rising by £997 million […]

The post OneSavings Bank shares jump on strong loan book growth appeared first on UK Investor Magazine.

Shares in Primark owner AB Foods (LON:ABF) sunk nearly 3 percent on Wednesday, despite a surge in profits in the year to September. A recovery in its sugar business and continued strong performance from its clothing business Primark boosted adjusted operating profit by 22 percent to hit £1.36 billion. Revenues were also up 19 percent, […]

The post AB Foods shares fall for second day running after company results appeared first on UK Investor Magazine.

As Christmas draws closer and the High Street prepares for its busiest time of the year, the cold seems to have affected more than just the temperature: it’s also had a chilling effect on consumer confidence. Figures from a variety of sources show weak consumer confidence heading into the Christmas season, with slow wage growth […]

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Marks and Spencer shares fell at market open on Wednesday morning, after the company’s pre-tax profit sunk over 5 percent to £219 million in the six months to September. A further drop in clothing sales led the profit plunge, with the company vowing to speed up the closure of its underperforming clothing departments. The weak […]

The post Marks and Spencer to cut food store openings as weak clothing sales weigh appeared first on UK Investor Magazine.

House prices across the UK are increasing at their fastest rate since February, according to mortgage lender Halifax. In the year to October prices rose by 4.5 percent, up from a previous level of 4 percent in September. The latest figure puts the average UK house price at a record high of £225,826, with Halifax […]

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G4S (LON:GFS) became the biggest faller on the FTSE 100 on Tuesday, after weak performance in the Middle East led the group to slash its growth forecast for the year. The security company now expects revenue growth of between 3 and 4 percent in 2017, down significantly from a previous expectation of between 4 and […]

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The Bank of England has raised interest rates for the first time in over 10 years, after the Monetary Policy Committee said falling unemployment meant there was “limited slack” in the economy. The official bank rate has been lifted from 0.25 percent to 0.5 percent, the first time that rates have been lifted since before […]

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Gold mining group Centamin reported record levels of production on Thursday, maintaining its full year guidance for 2017. Centamin produced 156,533 ounces of gold in its fiscal third quarter on Thursday, 26 percent higher than production in the previous quarter and 5 percent higher than the same period last year. It maintained its full-year guidance […]

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Oil giant Shell (LON:RDSA) saw its share price rise on Thursday, as the oil market’s recovery led earnings to surpass analysts’ expectations. Shell reported $4.1 billion in earnings for the last quarter on a current cost of supply basis, well above analyst forecasts of $3.6b billion. The figure is almost 50 percent higher than in […]

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Chancellor Philip Hammond is set to reveal his Autumn Budget next month, with all eyes on his announcements as the government struggles to deal with Brexit negotiations. A freeze on tuition fees and a £250 million spend on Brexit are rumoured to form a major part of the Budget – but what about the finance […]

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