The latest inflation figures did little to cheer markets on Wednesday, after UK CPI fell to 9.9% in August, dropping below July’s 40-year record of 10.1%. The FTSE 100 dropped 1.2% to 7,293.5 during lunchtime trading, dragged down by rising fears of higher interest rates and the aftershocks of Tuesday’s hotter than expected inflation figures […]

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C&C Group shares fell 3.6% to 167.5p in late morning trading on Wednesday following a reported a slowdown in on-trade momentum over Q2 2023 due to the impact of inflation on discretionary consumer spending in its pre-close trading statement. The premium drinks company mentioned an expected HY1 2023 net revenue climb of 35% compared to […]

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Dunelm shares rose 2.7% to 743p in late morning trading on Wednesday, after the firm announced a total sales rise to £1.5 billion in FY 2022 against £1.3 billion in the previous year. Meanwhile, the group noted digital total sales of 35% from 46% year-on-year. Dunelm reported a record pre-tax profit of £209 million compared […]

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The Pound rose against the dollar on Wednesday morning after UK inflation fell below the double digits to 9.9% in August, following a 40-year record of 10.1% in July. The Sterling rose to $1.1546 earlier in the morning and was trading at $1.1543 in late morning trading. UK inflation fell primarily on lower petrol prices, […]

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UK inflation fell to 9.9% in August, returning below double-digits after hitting a 40-year record of 10.1% in July. Falling petrol prices were the main driver behind the inflation slowdown, with the annual rate for motor fuels easing to 32.1% from 43.7%, as a result of petrol prices falling 14.3p per litre over the period. […]

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Redrow shares climbed 1.2% to 481.9p in early morning trading on Wednesday after the house builder reported a return to underlying pre-Covid profits. The firm highlighted an underlying pre-tax profit of £410 million in FY 2022 from £314 million last year, alongside a statutory pre-tax profit of £246 million against £314 million. Redrow mentioned a […]

The post Redrow returns to pre-Covid profitability on strong housing market appeared first on UK Investor Magazine.

Rio Tinto shares dropped 1.9% to 4,858.2p in early morning trading on Wednesday, after the group announced its joint venture with China Baowu Steel Group to develop the Western Range ore project in Pilbara, Western Australia. Rio Tinto will reportedly invest $1.3 billion of the total $2 billion investment to develop the mine. The mining […]

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The dollar gained against the Sterling at 13:30 BST following the latest US inflation report, which revealed inflation lowered to 8.3% in August, yet failed to meet analyst expectations of 8.1%. The unexpectedly hot report sent the Pound spiralling from $1.17330 to $1.15593 at 14:00. The Sterling was trading at $1.15804 at 14:50 as markets […]

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US CPI inflation dropped to 8.3% from 8.5% in August, however the figure came in above analyst expectations of 8.1% and month-on-month prices excluding excluding food and fuel rose 0.6%. The FTSE 100 plunged in line with global equities as markets adjusted for even more sharp rate hikes. US stocks opened on a pessimistic note, […]

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US inflation fell to 8.3% in August, dropping from 8.5% in July in the latest report on Tuesday. The figure marks the lowest reading in four months, however it still beat market forecasts of 8.1%. The result sent US futures tumbling as the figure confirmed fears the US Federal Reserve was set to remain on […]

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All eyes were across the Atlantic ahead of the US inflation figures for August, with US futures rising as analysts anticipated positive news from the report. “Rising prices will be in focus this lunchtime as the US posts its CPI reading for August,” said AJ Bell investment director Russ Mould. “July’s figures were a key […]

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The EU executive is unlikely to impose a price cap on Russian gas, according to a leaked document seen by the Guardian. However, the EU is currently seeking to introduce windfall taxes on energy company “surplus” profits. The Guardian published a report on the EU’s draft regulation on the “electricity emergency tool”, which contained no […]

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Trustpilot shares soared 23.5% to 76.6p in late morning trading on Tuesday following an 18% total revenue growth to $73 million in HY1 2022 against $62 million in HY1 2021. The company reported a 23% annual recurring revenue (ARR) climb to $149 million compared to $134 million the year before. Trustpilot announced a 22% increase […]

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Ocado shares tumbled 11.8% to 700.6p in early morning trading on Tuesday, after the online retailer highlighted a 6% fall in the average customer basket to £116 in its pre-close trading update for FY 2022. The company noted customer orders had risen, with a 23% active customer growth to 946,00 year-on-year and a 10.7% average […]

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Future shares gained 6.6% to 1,837p in early morning trading on Tuesday, after the firm announced its results were anticipated to hit the top end of management expectations in its pre-close trading update for FY 2022. The media company confirmed a return to organic audience growth in HY1 as Covid comparators were fully lapped, along […]

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UK unemployment has fallen to the lowest rate since 1974, according to the Office of National Statistics (ONS). The level of people out of work has been on a general decline since late 2013, until the Covid-19 pandemic, which saw it rise until the end of 2020. However, unemployment has since returned to pre-Covid levels, […]

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Trident Royalties shares climbed 5.3% to 48.7p in early morning trading on Tuesday, after the company announced $76 million in acquisitions over HY1 2022. The mining royalty and streaming firm noted its largest transaction to date in its acquisition of gold offtake contracts for $69.7 million. Trident Royalties confirmed royalty and offtake receipts of $7.8 […]

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The Pound fell to its lowest level against the Euro since early 2021, after hawkish rhetoric from the European Central Bank strengthened the Euro while the UK’s weaker than expected GDP report failed to boost the flailing Sterling. UK GDP grew 0.2% in July after a 0.6% fall in June, representing a return to growth. […]

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Greatland Gold shares gained 11.2% to 9.2p in late afternoon trading on Monday, after the mining company secured A$340 million in funding for its gold-copper Haverion deposit in Australia. The group reported the funding enabled it to fully fund its 30% share of the Haverion development, of which Newcrest holds the additional 70%. Greatland Gold […]

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Consumer stocks helped the FTSE 100 gain on Monday as the Uk economy returned to growth in July and falling natural gas prices increased hopes inflation may soon start to slow. The FTSE 100 pressed ahead, rising 1.3% in late morning trading as a collection of consumer-focused stocks pulled the blue chip index higher. Analysts […]

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HgCapital Trust shares rose 4% to 383.5p in late morning trading on Monday, after the firm announced a total return NAV climb of 1.8% to a NAV per share of £4.43 and net assets of over £2 billion. The Trust linked its results to strong portfolio trading and value creation, which reportedly offset a decline […]

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The Sterling rose to 1.1682 against the dollar in Monday trading after analysts noted maintained hawkish sentiment from the US Federal Reserve ahead of US inflation data, which is scheduled for release on Tuesday. Disappointing UK GDP growth of 0.2% in July did little to dent the Pound’s rise versus the dollar, with Prime Minister […]

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The UK economy grew 0.2% in July after a 0.6% fall in June, rising 1.1% above pre-Covid levels in February 2020. However, UK GDP growth failed to meet analyst expectations, spelling trouble for the country as the cost of living crisis tightened its grip on household budgets. The Office of National Statistics (ONS) noted GDP […]

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Antofagasta announced precautionary measures at its Los Pelambres project in Chile, following the collapse of a construction platform due to severe sea swells on the marine works of its desalination plant project. The mining firm said there was no significant damage to the environment or to its project works, and it had recovered some of […]

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Grainger shares gained 2% to 272.8p in early morning trading on Monday, following a reported acceleration in like-for-like rental growth across its portfolio in its FY 2022 pre-close trading update. The home rental company announced a total like-for-like rental growth of 4.5% year-to-date, alongside a PRS like-for-like rental growth of 4.5%. Grainger mentioned a 5.4% […]

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Greencoat Renewables shares climbed 1.6% to 109p in early morning trading, after the group announced net cash generation of €92.1 million in HY1 2022 against €40.2 million the year before. The firm’s GAV grew to €2.1 billion compared to €1.4 billion, along with a NAV rise to €1.2 billion from €749 million. Meanwhile, Greencoat Renewables delivered a total installed […]

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The FTSE 100 closed in the green on Friday helped higher by stronger commodities as the UK entered a period of mourning following the death of Queen Elizabeth on Thursday at the age of 96. As the nation mourns the monarch’s death for a 10 day period, the Bank of England has postponed their next […]

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The Bank of England postponed its interest rates decision after Queen Elizabeth’s death, rescheduling its meeting for 22 September instead. The institution cited the “period of national mourning” as the reason for its delay. The Bank was previously set to announce its next interest rates decision on Thursday 15 September. “In light of the period […]

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Major banks including Credit Suisse and Deutsche Bank warned investors to expect another 0.75% interest rate hike from the European Central Bank (ECB), following its jaw-dropping 0.75% rise on Thursday. The ECB delivered the massive interest rates increase in a bid to fight soaring inflation across Europe, driven by spiking energy and food prices as […]

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Oil demand in China might drop for the first time in two decades, as families who would normally be boarding planes and jumping into cars for the Mid-Autumn festival remain under lockdown this year. The festival, which takes place on 10 September, would typically see Chinese families use transport and fuel en mass. However, the […]

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The Pound climbed to $1.1613 in late morning trading on Friday after falling to the lowest rate since 1985 earlier this week. The Sterling rose on sliding dollar strength, with most major currencies making moves against the greenback’s surge in the last several days. The currency slipped to a 37-year low of $1.1407 earlier this […]

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Strike action has been postponed across the UK following Queen Elizabeth’s death on Thursday. Scheduled strikes, including postal workers and train staff walkouts, were reportedly suspended as the country entered a time of mourning. Unions representatives for Royal Mail employees commented the strike had been cancelled “out of respect for her service to the country […]

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Amur Minerals shares dipped 1.5% to 1.3p in early morning trading on Friday, after the mining firm reported the intended disposal of its Kun-Manie subsidiary to Russian company Bering Metals. The deal is set to complete as a cash shell in line with Rule 15 of the AIM rules. Following its receipt of the $35 […]

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London Security shares fell 13.3% to 2,730p in early morning trading on Friday, on the back of an operating profit decrease to £10.9 million in HY1 2022 from £12.3 million the year before. The firm attributed its sliding profits to inflationary pressures linked to the Ukraine war and recovery from the Covid-19 pandemic, sparking price […]

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Computacenter shares were down 8.7% to 2,47.4p in early morning trading on Friday, after the group announced a drop in pre-tax profits to £107.8 million in HY1 2022 compared to £115.2 million HY1 2021. The company said it remained on track to deliver its management expectations for profit growth in FY 2022, however. Computacenter reported […]

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ASOS shares gained 1.6% to 689.5p in early morning trading on Friday, after the fashion group reported trading in line with management expectations in its pre-close trading update. However, the business confirmed weaker than expected sales in August following strong growth across June and July due to the cost of living crisis and inflationary concerns. […]

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US markets opened lower after US Federal Reserve chair Jerome Powell delivered a hawkish speech at the Cato Institute conference on Thursday. The NASDAQ fell 0.2% to 11,757.7, the Dow Jones dropped 0.3% to 31,461.4 and the S&P 500 slid 0.2% to 3,968.8. Powell confirmed the Fed was “strongly committed” to controlling inflation, however he […]

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The European Central Bank (ECB) hiked interest rates a whopping 0.75% at its meeting on Thursday in a bid to dampen soaring inflation across Europe. The ECB warned of higher interest rates to come in its next several meetings as it worked to reign in demand and prevent further persistent upward movement in inflation. The […]

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Liz Truss has promised to cap the average household energy bill at £2,500 per year until 2024 in her energy relief plan announced today. The proposal will see the average household save £1,000 compared to the previously scheduled price cap rise of 80% to £3,548 this October. Under the new plan, businesses will receive equivalent […]

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Markets responded positively to Prime Minister Liz Truss’ energy relief plan, which promised the average household would pay no more than £2,500 per year in energy costs for the next two years. The FTSE 100 rose 0.2% to 7,254 as a long-awaited burst of optimism swept through the blue-chip index. Meanwhile, analysts braced for aggressive […]

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Chinese city Chengdu has extended its lockdown indefinitely, after the city reported 116 new local cases on Thursday, falling from 121 the previous day. The lockdown was supposed to end on Wednesday, however the Sichuan Province capital entered a long-term shutdown across most of its districts as it moved to eradicate all cases in line […]

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Cineworld filed for chapter 11 bankruptcy cases in the US on Wednesday with approximately $1.94 billion in debtor-in-possession financing commitments to “facilitate a significant de-leveraging transaction and position [the] company for long-term growth.” The announcement follows a difficult couple of years for the company, after two years of Covid lockdowns along with a failure to […]

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The Pound remained below the $1.15 mark on Thursday morning, hovering at $1.1494 ahead of new Prime Minister Liz Truss’ energy relief plan. Truss is scheduled to reveal a £130 billion proposition to freeze or reduce the energy price cap ahead of its 80% rise to £3,548 in October this year. The Pound hit a […]

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Melrose Industries shares fell 2.1% to 134.6p in early morning trading on Thursday, after the company widened its statutory operating loss to £317 million in HY1 2022 compared to £156 million in HY1 2021. Melrose Industries noted an adjusted operating profit of £171 million against £196 million the last year. The firm widened its statutory […]

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Energean shares surged 10.9% to 1,381p in early morning trading on Thursday following a 65% increase in revenues to $339 million in HY2 2022 against $205.5 million the year before. The energy company reported a 165% spike in adjusted EBITAX to $198.2 million compared to $74.7 million. Energean said its sparkling financial returns were underpinned […]

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Associated British Foods shares sank 8.3% to 1,337.5p in early morning trading on Thursday following a lower adjusted operating profit and adjusted EPS guidance for FY 2023, linked to the cost of living crisis. The firm also highlighted the effects of macroeconomic uncertainty on its Primark business in FY 2023, with the strengthened US dollar […]

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The number of scams has soared year-to-date, with over 70% of UK consumers targeted by fraudsters over the last three months, according to the Financial Conduct Authority (FCA). The cost of living crisis was identified as the main driver behind the rise in scammer activity, as desperation made easy prey out of vulnerable people. FCA […]

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The Pound fell to its lowest level against the dollar since 1985 today on the back of the US currency’s rising strength and the UK’s gloomy economic outlook. The Sterling plummeted to $1.1407 and is currently at 1.1448. The dollar has been growing in strength over recent days, hitting a 24-year high against the Japanese […]

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Venture capital is in high demand across the Middle East and North Africa region, according to a recent report by the Global Private Capital Association (GPCA). The sector has a strong appetite for fintech and e-commerce products, with fintech representing 23% and e-commerce accounting for 20% of all MENA venture capital investment since 2020. GCPA […]

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The price of oil fell below $90 on Wednesday, dropping to $89.93 per barrel for Brent crude as demand fears sparked market volatility, fanning the flames of recession fears. Prices dropped to levels not seen since before Russia’s invasion of Ukraine, with the swing below $90 marking a far plunge from the commodity’s heights of […]

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Markets moved into the red as the UK awaited confirmation of the details for Liz Truss’ £130 billion energy relief plan, which would reportedly see the energy price cap frozen or reduced instead of its scheduled 80% rise to £3,548 in October. The FTSE 100 dropped 0.4% to 7,266.3 in lunchtime trading on Wednesday. “Action […]

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SulNOx announced its new partnership with Rominserv on Wednesday, marking the company’s first large scale agreement with a major petroleum firm. Rominserv, which currently operates as part of the Romanian crude oil company Rompetrol Group, signed a Memorandum of Understanding (MoU) for SulNOx to initially review and advise on the use of its products within […]

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Global investment bank Nomura cut its Chinese GDP forecast against on the latest wave of Covid lockdowns. The lockdown of Sichuan Province capital Chengdu last week sent fears for production surging as the 21 million population joined a continued shutdown for tech hub Shenzhen. Nomura confirmed approximately 12% of China’s GDP was currently impacted by […]

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The Pound fell to 1.14922 against the dollar in late morning trading on Wednesday as the dollar strengthened. The Sterling hit a low of 1.14545 earlier in the morning, marking a fall from its high of 1.1609 on Tuesday after reports emerged regarding new Prime Minister Liz Truss’ £130 billion relief plan to freeze or […]

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WH Smith shares slid 2.8% to 1,436.6p in early morning trading on Wednesday, after the franchise reported strong FY 2022 travel sector performance, alongside a HY2 impact to its high street business following disruptions to its funkypigeon.com greeting card segment. WH Smith confirmed its FY 2022 trading was in line with management expectations, with HY1 […]

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Barratt Developments shares dipped 0.8% to 418.6p in early morning trading on Wednesday, after announcing a statutory pre-tax profit of £642 million in FY 2022 against £812 million the last year. The company highlighted revenues of £5.2 billion in FY 2022 against £4.8 billion the last year. Barratt Developments reported total home completions of 17,908 […]

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House prices rose 11.5% per year in August 2022, according to the latest report from Halifax. The average UK house price hit a record £294,260, raising the rungs on the property ladder further out of reach for home buyers as the cost of living crisis continued to bite. The figure represented a 0.4% rise month-on-month, […]

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Trump’s social media platform hit a roadblock on Tuesday, after the former Apprentice star and the blank-check acquisition firm which agreed to merge with his company were denied shareholder support for a one-year extension to complete the transaction, according to Reuters. The businessman currently stands to lose a $1.3 billion cash injection for the Trump […]

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Investment companies reported a strong level of demand in Q2 despite the volatile market environment, according to the Association of Investment Companies. Purchases of investment firms amounted to £700 million in HY1 across the sector, representing the highest figure on record. “The healthy level of demand for investment companies during some difficult months in the […]

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The price of oil suffered a dramatic fall on demand fears, with benchmark Brent crude dropping 3.2% to $92 per barrel. The move comes on the heels of the US Federal Reserve’s hawkish interest rates stance, with the latest positive jobs report adding fuel to the fire for Fed chair Jerome Powell to hike rates […]

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Markets perked up in late morning trading on Tuesday, after entering Prime Minister Liz Truss finalised a £130 billion energy bills relief plan for struggling UK households, according to Bloomberg. The FTSE 100 increased 0.3% to 7,312.6 after enduring a tough start to the week before Truss’ appointment to the UK’s highest office. The Pound […]

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The Pound Sterling picked up in early morning trading on Tuesday following Bloomberg’s report that new Prime Minister Liz Truss had shored up plans for a £130 billion energy relief package for struggling UK households. The Pound rose from 1.15646 just after 06:00 to 1.15894 after Bloomberg broke the scoop, with the Sterling trading at […]

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Liz Truss is set to announce a new £130 billion plan to freeze energy bills for UK households as the cost of living crisis sends costs soaring for families across the country. Bloomberg reported the price tag would be spread over the next 18 months, which would see a new price cap set either at […]

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Ashtead Group shares dropped 3.3% to 4,169p in early morning trading on Tuesday after its outperformance in Q1 2022 was mitigated by rising interest costs, resulting in a pre-tax profit projection in line with previous expectations. The firm reported a 25% revenue growth to $2.2 billion from $1.8 billion the year before, alongside a 26% […]

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DS Smith shares gained 3.1% to 271.4p in early morning trading on Tuesday following confirmation the firm was trading in line with expectations in its Q1 2022 trading statement. The packaging products company highlighted pricing momentum and strong cost control as drivers behind its solid trading. DS Smith reported corrugated box volumes slid marginally in […]

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Berkeley Group shares soared 5.5% to 3,639p in early morning trading on Tuesday, after the company announced it was on track to meet its FY 2023 profit guidance of £600 million and £625 million for FY 2024. The housing firm said it expected profits for the current financial year to be 55% weighted to HY2, […]

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The Pound remained lower against the dollar after Liz Truss was announced as the next UK Prime Minister on Monday, replacing departing Conservative leader Boris Johnson. The Sterling was 1.1508 against the dollar in late afternoon trading, after falling to its lowest level since 1985 of 1.1474 in advance of the announcement over Monday morning. […]

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OPEC+ announced its intention to cut oil output by 100,000 bpd in its meeting on Monday. The organisation confirmed the reduction, which translates to 0.1% of international demand, for October this year, essentially rolling back its earlier adjustment of 100,000 for September. “The OPEC and Non-OPEC Ministerial Meeting noted the adverse impact of volatility and […]

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The energy crisis took a sharp turn over the weekend, after Russian energy giant Gazprom shut down the Nord Stream 1 pipeline after three days of maintenance works. The company cited oil leaks in the pipeline as its reason for closing the supply line, however European leaders have accused Moscow of using Nord Stream 1 […]

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Liz Truss has been announced as the new Prime Minister and leader of the Conservative party. Truss was elected after weeks of campaigning against former chancellor Rishi Sunak for the position, and was voted in with 81,326 votes against Sunak’s 60,399. The vote reported an 82.6% turnout from an electorate of 172,437 Conservative party members. […]

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Technology Minerals shares gained 4.7% to 2.2p in late morning trading on Monday after its 49%-owned battery recycling group Recyclus received ABTO status from the Environmental Agency for its recycling site in Tipton, West Midlands. The approval means Technology Minerals has received the green light to immediately kick off manual recycling operations at its lead-acid […]

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1Spatial shares rose 4.4% to 40.7p in late morning trading on Monday following its announcement of several new US opportunities, including a $1.2 million seven-year contract with the state of Arkansas for the firm’s Next Generation 911 (NG911) solution. Arkansas marks the eighth US state to select the solution, which incorporates 1Spatial’s flagship 1Integrate and […]

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The Euro hit a 20-year low, sinking 0.43% to 0.9911 dollars on Monday as the energy crisis ravaged the European continent. The plunge followed Russian gas giant Gazprom’s announcement that its three-day suspension of the Nord Stream 1 pipeline would be extended indefinitely, after maintenance works uncovered apparent oil leaks in the vital gas supply […]

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China has extended its Covid lockdown in Chengdu, with the city’s 21 million population set to undergo further mass testing between Monday and Wednesday. The Sichuan Health Commission reported 90 local Covid cases and 50 asymptomatic residents on Sunday, resulting in a total of 940 and 395 cases, respectively. The Xinjin district and Qionglai city […]

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HICL Infrastructure shares fell 0.8% to 173.9p in early morning trading on Monday after the investment trust reported two prospective acquisitions to portfolio. The group confirmed the potential acquisition of a significant minority shareholding in US electricity transmission asset Texas Nevada Transmission, and the award of preferred bidder status for the assets linked to the […]

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Dechra Pharmaceuticals shares tumbled 7% to 3,250p in early morning trading on Monday, despite a revenue climb to £681.8 million in FY 2022 compared to £608 million in FY 2021. Dechra commented its revenue levels returned to more normalised historical levels of growth, as the uptick of pets spending by owners over the Covid-19 lockdown […]

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International markets suffered a turbulent week, with European markets battered by the ongoing energy crisis, US markets bracing for further aggressive interest rate hikes and the FTSE 100 tumbling as the UK faces the worst living standards in a century. The blue chip index regained some ground after its surprising nosedive earlier this week, closing […]

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Analysts marked an accelerating decline in bond markets, bringing bad news for fixed income investors in an already difficult market environment. Global bonds have lost a fifth of their value so far in 2022, with the fresh surge on US government bond yields on the back of US Fed chair Jerome Powell’s hawkish stance at […]

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The US added 315,000 nonfarm payrolls in August 2022, representing the smallest job gain since April 2021. The figure comes after a downwardly revised 526,000 result in July. The report exceeded market forecasts of 300,000 jobs and indicated a remaining tightness in the labour market. The positive jobs results will boost speculation in the markets […]

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The pound Sterling steadied on Friday in advance of the upcoming Prime Minister appointment next week. The currency took a sharp drop earlier in the week on the back of a report from the Resolution Foundation, which revealed the UK was facing its largest drop in living standards in a century. The pound fell to […]

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G7 finance ministers are reportedly set to shore up plans for a price cap on Russian oil, with the aim of kneecapping Russia’s revenues for its invasion of Ukraine, while maintaining crude flows to avoid additional spikes in price. The G7 members will be meeting virtually to discuss the implementation of plans to help mitigate […]

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The Dollar reached a close to two-decade high in advance of the US nonfarm payrolls report, as markets awaited confirmation of promising jobs data which could advance hopes of a hawkish stance from the US Fed at the next interest rates meeting. US Fed chair Jerome Powell previously commented at the Jackson Hole convention that […]

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Shell CEO Ben van Beurden is set to resign after almost a decade in the position, according to Reuters. Two sources close to the matter apparently told the news organisation van Beurden had shortlisted four potential candidates to replace him in the leadership role. Shell head of integrated gas and renewables Wael Sawan is said […]

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Cornerstone FS shares gained 5.2% to 8.95p in early morning trading on Friday, after the forex group reported its agreement to acquire the entire issued and to be issued share capital of Pangea FX Limited for a maximum consideration of £200,000. The company said it would pay the maximum amount of £200,000 depending on future […]

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Ashmore Group shares fell 0.4% to 193.3p in early morning trading on Friday, after the company announced net outflows of $13.5 billion and negative investment performance of $16.6 billion in FY 2022. The emerging markets investment manager attributed its results to widespread risk aversion linked to the Ukraine war, inflation and higher rates across international […]

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The pound suffered its biggest monthly hit against the dollar since 2016 on Thursday after the Resolution Foundation reported the UK was heading towards its lowest living standards level in a century. The Foundation estimated UK people in poverty would rise by three million, with relative child poverty on track to its highest level of […]

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Firering Strategic Minerals shares gained 4.4% to 7p in early afternoon trading on Thursday, after the Rare Earth Elements (REE) company announced all 11 holes at its recent flagship Atex project drill programme intersected pegmatite. The mining group said 10 holes revealed visual lithium mineralisation. Firering Strategic Materials added the strike of lithium bearing pegmatites […]

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The FTSE 100 started September in the red, tumbling as much 1.5% in early trading on Thursday as cyclical stocks sank. A weakened Pound Sterling couldn’t save the blue chip index from sliding, as the currency fell on a report from the Resolution Foundation warning of the worst outlook for UK living standards in a […]

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Reckitt Benckiser CEO Laxman Narasimhan became the latest CEO to join the mass leadership exodus from the FTSE 100 on Thursday. Narasimhan’s surprising announcement came as an unwelcome shock to shareholders, with the company’s stock price falling 4.2% to 6,366p in early afternoon trading. His departure marks the 17th CEO to leave a FTSE 100 […]

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Chinese city Chegdu entered lockdown on Thursday, trapping 21.2 million people within the area as Covid-19 cases surged. The region is set to undergo four days of Covid testing across the city. All residents were ordered to remain at their homes from 6pm on Thursday, with one person per day allowed outside to shop for […]

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Real household disposable incomes are set to fall by 10% over 2022-2023, according to a report by the Resolution Foundation. The economic crisis marks the deepest squeeze to living standards in a century, with the level of UK people in poverty on track to rise by three million as real term income declines by £3,000 […]

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Next shares have fallen 28.6% year-to-date to 5,814p, which might prompt investors to ask if now is a good time to buy the dip on the FTSE 100 stock. Next is a consumer-focused group, placing the blue chip retail company squarely in the line of fire as UK customers trim the fat (and the fashion) […]

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Rio Tinto shares fell 3% to 4,625.7p in early morning trading on Thursday after the mining giant announced its acquisition of the remainder of Turquoise Hill for $3.3 billion. The commodities group is set to acquire 49% of the issued and outstanding common shares of Turquoise Hill that it does not currently own for C$43 […]

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WPP shares dipped 1.9% to 729.5p in early morning trading on Thursday, after the group announced its acquisition of Dutch ecommerce consultancy company Newcraft for an unspecified price. The creative transformation firm said the acquisition would provide access to business opportunities for its global clients, including Ahold Delhaize, Pon Holdings, Yakult and JDE Peet’s. According […]

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Annual house price growth slowed to 10% in August from 11% in July, according to the latest report from Nationwide. The average house in the UK rose to £273,751 against £271,209 month-on-month, representing an almost £50,000 price growth in the past two years. There were early signs the housing market is losing steam, with surveyors […]

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Dalata Hotel Group shares increased 3.2% to 305p in late afternoon trading on Wednesday, after the company reported a revenue surge to €220.2 million in HY1 2022 against €39.6 million the last year. The hotel firm announced an adjusted EBITDA of €83.5 million from €1.4 million linked to the reopening of the hotel industry following […]

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US regulators have selected e-commerce companies Alibaba Group Holding and JD.com among its selection of US-listed Chinese firms for audit inspection starting from September, according to an exclusive report from Reuters. The news organisation cited people with information of the situation. The report follows a landmark audit agreement between Beijing and Washington last Friday, which […]

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The FTSE 100 was impacted by falling oil prices on Wednesday, sending the blue chip index deep into the red. Brent crude fell 3.6% to $95 per barrel on rising recession concerns, with oil giants spiralling to the bottom of the index. Shell shares slid 3.5% to 2,257.5p and BP shares dropped 3.5% to 433.2p. […]

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The Co-operative Group has agreed to sell a selection of locations including its petrol stations to Asda for £600 million. The transaction will see Asda acquire 132 locations from the Co-op for a cash value of £438 million and an additional expense of £162 million for IFRS16 lease liabilities. The deal comes as part of […]

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Polarean Imaging shares dropped 2.6% to 60.8p in late morning trading on Wednesday, after the firm announced a gross profit decrease to $294,840 in HY1 2022 from $298,689 in the previous year. The company reported a revenue growth to $834,087 against $621,874, as a result of its polariser systems sales to McMaster University in Ontario, […]

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Russian energy firm Gazprom shut down the Nord Stream 1 pipeline on Wednesday for unscheduled “maintenance work” on the Trent 60 gas compressor unit operating on the critical supply route to Germany. Gas supply to Europe is scheduled for suspension until 2 September, temporarily crippling the continent’s efforts to stockpile energy supplies in advance of […]

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Castillo Copper shares gained 8.4% to 0.89p in early morning trading on Wednesday, after the mining group announced the appointment of two contractors for its inaugural drilling campaign at the BHA project’s east zone in Q4. The company confirmed the appointment of AllState Drilling, who will perform the campaign which comprises one diamond core and […]

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Serabi Gold shares fell 7.2% to 33.4p in early morning trading on Wednesday after the gold mining company announced a revenue decrease to $31 million in HY1 2022 from $32 million the last year. Serabi Gold confirmed a problematic Q1 2022, with a net cash outflow of $2.5 million driven by lower production across the […]

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BBGI Global Infrastructure S.A. shares climbed 0.5% to 162.4p in early morning trading on Wednesday, following an investment basis NAV rise of 6.7% year-on-year to £1 billion in HY1 2022. The firm mentioned its equity cash flows were positively linked to inflation, resulting in its NAV increase. The global infrastructure investment group confirmed a 6.5% […]

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BT and Openreach staff kicked off the latest strike in the recent wave of industrial action sweeping the UK as the cost of living crisis bites. The Communication Workers Union (CWU) confirmed over 40,000 of its members would be taking strike action over Tuesday and Wednesday. BT and Openreach workers will be striking for the […]

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The FTSE 100 recovered slightly from the shock of US Federal Reserve chair Jerome Powell’s comments last Friday, gaining 0.2% to 7,441.9 by lunchtime on Tuesday. “The FTSE 100 started on the front foot after the Bank Holiday, having careered into the long weekend with some substantial losses after Federal Reserve chair Jerome Powell’s hawkish […]

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Consumer purchasing power in the grocery sector has fallen approximately 9-10% since 2019, according to a recent study by TradingPedia. The study found the total price of groceries rose 22.6% between August 2019 and August 2022, against a climb of 13.5% from £538 to £611 in the average weekly earnings of all UK employees between […]

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Uniphar shares gained 1.7% to 302.5p in late morning trading on Tuesday, after the company reported a 2.8% revenue increase to €991 million in HY1 2022 against €964 million the year before. The firm announced an 8.8% gross profit climb to €146 million compared to €134 million, alongside a gross profit margin rise to 14.7% […]

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Bigblu Broadband shares dipped 1.5% to 52.7p in late morning trading on Tuesday following a 13.8% revenue climb to £14.9 million in HY1 2022 compared to £13.1 million the last year. The telecommunications group announced a like-for-like revenue growth of 11.5% on a constant currency basis. Bigblu Broadband reported an adjusted EBITDA of £2 million […]

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The Pound Sterling weakened against the Dollar and the Euro after US Federal Reserve chair Jerome Powell’s comments at the Jackson Hole convention sent markets on both sides of the Atlantic into a spiral last Friday. Investors fled stocks following Powell’s confirmation of probable further interest rate hikes to tackle sky high inflation. A single […]

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Dechra Pharmaceuticals shares rose 1.5% to 3,492p in early morning trading on Tuesday after the group announced its acquisition of veterinary pharmaceutical manufacturer Med-Pharmex for £221.5 million. The acquisition was finalised on a debt-free and cash-free basis, funded from existing available debt resources. Dechra Pharmaceuticals commented the transaction provided further product scale to its operations […]

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Bunzl shares fell 2.4% to 3,040p in early morning trading on Tuesday despite a 16.1% revenue growth to £5.6 billion in HY1 2022 against £4.8 billion in HY1 2022. Bunzl attributed its revenue increase to product cost inflation and continued recovery in its base business, along with growth from acquisitions. The firm announced six acquisitions […]

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The long-awaited Jackson Hole convention delivered with a bang and more, with US Federal Reserve chair Jerome Powell’s speech sending markets on both sides of the Atlantic into a spiral. The FTSE 100 closed down 0.7% at 7,426.6, as confirmation of probable higher interest rates put investors in a pessimistic mood to finish the week. […]

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Jerome Powell smashed hopes that the US Federal Reserve would take a less aggressive stance at its next interest rates decision, and said a single month of lower inflation was insufficient to decide against higher rates at the coming meeting in September. The US Fed chair confirmed long-running assumptions that higher interest rates were going […]

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A judge has ordered Twitter to give Elon Musk the data from its 2021 users audit, in which the social media giant sampled 9,000 accounts to gauge the number of spam accounts on the site. The Tesla Tycoon has been attempting to back out of his original agreement to purchase Twitter for $44 billion, and […]

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Micro Focus shares hit the roof with a 92.7% surge to 516.3p in late morning trading on Friday, after the company accepted an acquisition offer from information management solutions group OpenText for approximately $6 billion. Micro Focus is one of the largest global software companies, and had a $2.7 billion pro forma trailing revenue for […]

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i3 Energy shares fell 6.9% to 25.9p in late morning trading on Friday after the company announced a lowered FY 2022 net operating income forecast of $200 million compared to its previous expectation of $241 million. The energy group attributed its lowered projection to volatile near-term commodity pricing. i3 Energy reported a Q2 2022 average […]

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Galantas Gold Corporation shares climbed 2.8% to 36p in late morning trading on Friday, after the gold miner reported a narrowed net loss in Q2 2022 to $1.5 million compared to $2.8 million the year before. Galantas Gold Corporation linked the reduction in net loss to a fall in the value attributed to stock based […]

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Logistics Development Group shares dipped 0.7% to 13.2p in early morning trading on Friday after the firm swung to a pre-tax loss to £786,000 in HY1 2022 against a £21.6 million profit the last year. Logistics Development Group attributed its falling profitability to a small loss on investments at fair value in the last term, […]

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JTC shares dipped 0.2% to 759p in early morning trading on Friday, after the fund management services firm announced its proposed acquisition of New York Private Trust Company. According to JTC, the acquisition will support the its strategy to expand its presence in the US market, and to develop a US domestic trust services branch. […]

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The latest Ofgem energy price cap has risen to a bone-chilling £3,549 for customers on a direct debt, representing a 178% spike since October 2021’s limit of £1,277. “After all the estimations, predictions and finger-in-the-air sums we finally know the extent of the energy price hike everyone is going to endure in October,” said AJ […]

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Lloyds shares might be losing some momentum heading into the end of summer, however the stock still offers some value in the face of economic uncertainty. Lloyds has a share price of 44.5p and has fallen 6.8% year-to-date, marking a potential opportunity to swoop in and grab the banking share at decent value. The stock […]

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PetroTal shares soared 13.6% to 47.1p in late afternoon trading on Thursday, after the firm announced its seventh consecutive quarter of production growth. The company reported a record of almost $100 million generated in net operating income in Q2 2022, against $29.6 million in HY1 2021. PetroTal confirmed crude oil revenues of $118.4 million from […]

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US jobless claims fell under analyst expectations for the second consecutive week, according to figures reported by the US Department of Labour today. The organisation announced the advance figure for seasonally adjusted claims was 243,000 for the week ending August 20, representing a drop of 2,000 week-on-week. Jobless claims for the previous week were revised […]

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Strong markets in Asia and the US pulled the FTSE 100 up 0.1% to 7,483.5 in a wave of optimism as investors held their breaths for news from the Jackson Hole convention today. The Hang Seng soared 3.6% to 19,968.3 and the SSE Composite index gained 0.9% to 3,246.2. US markets were positive in pre-open […]

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Shell has come under fire for overcharging customers after overcharging 11,275 prepayment customer accounts on its default tariffs. The energy giant is set to refund £106,000 to UK consumers, which will be issued automatically to overcharged accounts. Shell will also pay £400,000 to Ofgem’s voluntary consumer redress fund and £30,970 in goodwill payments to households, […]

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Forward Partners shares were flat at 46p in late morning trading on Thursday, after the firm reported an expected HY1 2022 Venture Portfolio Value at no less than £92 million, inclusive of £6.3 million in new investments in its recent trading update. The movement represents a 26.4% fall exclusive of its new investments, as previously […]

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Harbour Energy shares soared 10% to 473.6p in late morning trading on Thursday after the company announced a revenue and other income growth to $2.6 billion in HY1 2022 compared to $1.4 billion in HY1 2021. Harbour Energy linked its higher revenue to increased realised liquid and gas prices and rising production volumes associated with […]

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Grafton shares fell 2.3% to 707.2p in early morning trading on Thursday after the firm reported a 4.4% adjusted operating profit drop to £151.1 million in HY1 2022 compared to £158 million in the previous year. The company announced a revenue growth of 12.2% to £1.1 billion against £1 billion and a 7% slide in […]

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Hays shares rose 4.3% to 119.7p in early morning trading on Thursday, following a reported 32% climb in net fees to £1.1 billion in HY1 2022 against £918.1 million in HY1 2021. Hays confirmed record fee performance across 24 countries, linked to strong client and candidate confidence, management actions and continued improvement in fee margins. […]

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CRH shares climbed 4.3% to 3,267.5p in early morning trading on Thursday after the group announced a 14% sales growth to $14.9 billion in HY1 2022 against $13.1 billion the last year. The company reported a 21% EBITDA rise to $2.2 billion, as a result of commercial and operational initiatives which offset cost inflation, alongside […]

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The TUC announced its case for a £15 minimum wage for UK workers today, as the cost of living crisis continues to bite. Soaring 10.1% inflation has sent the price of goods from food to fuel beyond the reach of many consumers across the country. The trade union advocated for higher wages to be “at […]

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The UK reported no fuel imports from Russia for the first time on record, according to the National Office of Statistics (ONS). The historic announcement marked a fall of £499 million from the monthly average for the 12 months to February 2022, after the UK government said it would phase out all Russian oil imports […]

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The current cost of living crisis threatens an economic downturn and potential market volatility. During such times, equity income funds can provide stability and compensate for waiting for markets to recover. Guinness Global Equity Income and JPM Global Equity Income boast a selection of diversified equities, heavily weighted towards the US market and popular names […]

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essensys shares rose 2.6% to 62.1p in early afternoon trading after the company announced trading in line with management expectations for FY 2022, including renewed multi-year contracts with its largest UK and US customers. The company reported growth in client numbers, and expansion within its biggest customers which underpinned its revenues across the FY period. […]

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UK equity markets eased on Wednesday with the FTSE 100 dipping 0.5% to 7,450.7 as European and Asian markets also took a hit, reflecting investor positioning ahead of the Jackson Hole convention. “Markets seem to have lost their momentum following the rally since mid-June. Investors have become nervous once again, with all eyes on Federal […]

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Sopheon shares dipped 0.7% to 645p in late morning trading on Wednesday, after the firm swung to a $791,000 pre-tax loss in HY1 2022 compared to a HY1 profit of $518,000 the year before. Sopheon attributed its loss to interest, depreciation and amortization, impairment charges and share-based payment costs at a total of $3.7 million. […]

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OptiBiotix Health shares tumbled 27.4% to 19.7p in late morning trading on Wednesday after the group reported current sales in its new structure following its listing of ProBiotix on the AQSE to be “materially lower” than expected in HY1. The health sciences firm reported expected sales of £120,000, with sales normalising in HY2, but at […]

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Camellia shares dipped 1.6% to 6,000p in early morning trading on Wednesday following lower production levels due to heavy monsoonal conditions across northern India and Bangladesh. The group highlighted higher wages for workers across west Bengal and for Assam, bringing welcome news for farmers and employees. However, Camellia noted higher prices were not currently expected […]

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K3 Business Technology Group shares dropped 4.4% to 127.5p in early morning trading on Wednesday following a slide in revenue to £19.9 million in HY1 2022 against £20.9 million the year before. K3 Business Technology confirmed a loss for the financial period of £2.7 million from a profit of £5 million in the previous year. […]

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Deltic Energy shares dropped 4% to 3.6p in early morning trading on Wednesday after the natural resources firm announced a widened loss to £1 million in HY1 2022 compared to a loss of £691,754 the year before. The company reported a cash outflow of £2.4 million in the financial term against £873,064 in HY1 2021. […]

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Half of UK households face fuel poverty this winter unless the government intervenes, according to EDF Energy UK senior executive Philippe Commaret. He warned families across the country would suffer a “catastrophic winter” as fuel bills soar to triple the level of last winter. The energy price cap has surged jaw-dropping amounts in recent months, […]

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The dollar rose against the Pound and the Euro ahead of the Jackson Hole convention this week, at which US Federal Reserve chairman Jerome Powell is expected to announce higher interest rates across the country. The US currency has enjoyed renewed strength as the Euro struggled on a deepening energy crisis and the Pound was […]

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The FTSE 100 endured a glum session of trading on Tuesday as the cost of living crisis encroached on all sides, setting investors up for a pessimistic outlook on the horizon. Strikes across sectors from the post office to barristers have highlighted the emerging depth of the UK’s trouble, with the energy crisis set to […]

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Powerhouse Energy Group shares fell 2.9% to 1.7p in late morning trading on Tuesday, after the company announced its proposed joint venture with Hydrogen Utopia International. The project is set to see the firms develop a non-recyclable waste plastic to hydrogen facility in Konin, Poland. Powerhouse Energy confirmed the two companies had agreed in principle […]

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Wood Group shares fell 4.8% to 142.8p in late morning trading on Tuesday after the group announced a 0.4% revenue decline to $2.5 billion in HY1 2022 compared to $2.5 billion the last year. Wood Group commented its 18% growth in operations revenue and 2% consultancy increases were offset by a 15% expected decline in […]

The post Wood Group EBITDA falls to $185m on poor projects and operations performance appeared first on UK Investor Magazine.

Fusion Antibodies shares fell 3.3% to 84.5p in early morning trading on Tuesday after the group reported a widened pre-tax loss of £1.3 million in FY 2022 compared to £1.2 million the year before. The firm highlighted a £1.3 million operating loss against £1.2 million and an overall FY loss of £1.2 million compared to […]

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CyanConnode Holdings shares slid 4.9% to 17.3p in early morning trading on Tuesday, despite a 49% revenue climb to £9.6 million in FY 2022 from £6.4 million the last year, representing the firm’s highest annual revenue on record. The company reported an EBITDA loss of £401,000 against £2 million, and an adjusted EBITA of £58,000 […]

The post CyanConnode Holdings reach record £9.6m revenue as Asia and Africa regions drive sales appeared first on UK Investor Magazine.

Baron Oil shares increased 0.6% to 0.07p in early morning trading on Tuesday, after the energy firm announced a slightly narrowed operating loss to £420,000 in HY1 2022 compared to £448,000 in HY1 2021. The company reported a widened pre-tax loss to £420,000 against £118,000 the year before, rising on the back of Peru-related costs, […]

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The Euro took a hit as the energy crisis ravaged Europe, sending the currency down below parity with the dollar earlier today, with the Euro currently standing at 0.9974 against the US currency. The dollar strengthened on expectations that US Federal Reserve chairman Jerome Powell would be announcing higher interest rate hikes at the upcoming […]

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Marechale Capital shares surged 8% to 3p in early afternoon trading on Monday, after the firm reported increased profits to £2.5 million in FY 2022 compared to £246,000 the last year. The company announced a balance sheet rise to £3.6 million from £686,000, alongside a revenue of £622,000 against £400,000. “During the last year Marechale […]

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The combination of a drop in oil and concerns about the upcoming Jackson Hole summit saw the FTSE 100 fall with global equities, although selling in London was more subdued than in US and European markets. Reports over the weekend suggest that Iran and the US were getting close to a renewed version of the […]

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Credit Suisse announced the appointment of several new executives to its board on Monday. The bank confirmed the appointment of Dixit Joshi as CFO, Francesca McDonagh as COO and Michael J. Rongetti as ad interim CEO of the Asset Management division. Wealth Management division CEO Francesco De Ferrari has also been confirmed as CEO of […]

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Wizz Air shares fell 6.2% to 2,183p in late morning trading on Monday after the group announced CFO Jourik Hooghe would be resigning to “pursue opportunities outside the company.” Hooghe said he would remain with the company over the transition period until 31 December 2022, after which he will reportedly be replaced by Ian Malin, […]

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Vodafone shares dipped 0.5% to 121.1p in early morning trading on Monday after the company announced a non-binding agreement for the sale of Vodafone Hungary for €1.8 billion to 4iG and Corvinus. The deal is set to support the Hungarian state’s aim to create a national Information and Communications Technology (ICT) champion. However, Vodafone’s shared […]

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Cineworld shares gained 3.9% to 4.23p in early morning trading on Monday, despite confirmation the company was considering bankruptcy proceedings. The popular cinema chain announced it was currently searching for options to salvage the company, and were evaluating avenues to obtain additional liquidity and potentially restructure its balance sheet via a comprehensive deleveraging transaction. Cineworld […]

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Chrysalis Investment shares decreased 3.5% to 84.2p in early morning trading on Monday, following its updated NAV report of 163.48p per ordinary share at 30 June 2022. The NAV result represented a 22.8% decline since March 2022, with wefox, Klarna, Starling, Brandtech and Wise acting as the significant drivers behind the movement across the period. […]

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The FTSE 100 outperformed European indices on Fridays as a weaker pound helped support overseas earners, offsetting weakness in retail stocks. Reckitt Benckiser, AstraZeneca, Unilever, GSK and Diageo were among the top risers on Friday as investors continued to rotate into companies with reliable cashflows. Retail companies suffered as the ONS statistics revealed a 0.3% […]

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Temple Bar Investment Trust announced a 7.7% fall in net assets to £7.3 million against £7.8 million in HY1 2022. The trust, which lists its objective as providing growth in income and capital to reach a long-term return above the FTSE all-share index via investment primarily in UK-listed securities, reported a NAV per share with […]

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Joules shares crashed spectacularly in Friday trading, tumbling a painful 37.2% to 27.5p as the fashion company fell victim to a range of factors, including poor demand linked to hot weather and the soaring cost of living. The group said it expected a “significant loss” in HY1 2022, alongside a FY 2022 profit “significantly below” […]

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Cineworld shares spiralled 53.8% to 4.5p in early afternoon trading on Friday on reports that the cinema chain would be filing for bankruptcy. The news was broken by the Wall Street Journal, citing sources close to the matter. “This would mark the end of the road for the indebted cinema chain, who has around £4bn […]

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Just Eat announced the sale of its 33% stake in Brazilian joint-venture iFood to Prosus N.V. affiliate MIH Movile Holdings for a consideration of €1.8 billion on Friday. “In what seems like a never-ending battle between online takeaway firms, Just Eat Takeaway has secured itself some more firepower through the sale of a stake in […]

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Made Tech shares climbed 7% to 34.8p in late morning trading on Friday after the firm announced a 120% spike in revenue to £29.3 million against £13.3 million in its trading update for FY 2022. The company reported an adjusted EBITDA surge of 618% to £2.6 million from a loss of £500,000 the last year, […]

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Kinovo shares soared 29.6% to 33.7p in late morning trading on Friday after the group announced a 35% revenue growth to £53.3 million compared to £34.9 million in FY 2022. The company reported a 102% adjusted EBITDA spike to £4.2 million against £2.1 million the year before, alongside an underlying operating profit from continuing operating […]

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Retail sales fell 1.2% across the three months to July as the cost of living crisis continued to bite across the UK. Sales rose 0.3% in July after a 0.2% drop in June, with levels 2.3% above pre-Covid volumes but down over the last year overall, according to the Office of National Statistics (ONS). “People […]

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Apax Global Alpha shares fell 0.6% to 187p in early morning trading on Friday after the group announced a total adjusted NAV slide to €1.4 billion against €1.5 billion in the last year. The firm noted weak public equity markets affected the valuation of its publicly listed holdings, which reflect residual stakes in previously IPO’d […]

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Greatland Gold shares fell 5.9% to 10.2p in early morning trading on Friday, after the mining company reported it had retained 30% ownership of the Haverion project following Newcrest’s decision to not buy an additional 5% interest in the joint-venture at the agreed price of $60 million. Greatland Gold said it believed the decision would […]

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Joules shares tumbled 35.1% to 28.5p in early morning trading on Friday after the fashion group announced notably softened trading, with a “significant loss” expected in HY1 2022. Warm weather impacted the retailer’s core categories, including demand for outerwear, rainwear, knitwear and wellies, alongside the loss of customer demand linked to the cost of living […]

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Lloyds shares are never absent from the blue chip spotlight, however the collective market magnifying glass has intensified this week on the release of the latest UK inflation data, which revealed the economy had hit the dreaded double-digits at 10.1% nationwide inflation. Interest rates are currently at 1.75% and set to rise further, if the […]

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US initial jobless claims fell by 2,000 to reach 250,000 in the last week as the American labour market remained tight, marking the first dip in three weeks. The figures from the previous week were revised down by 10,000 to 252,000 from a prior estimate of 262,000. The US Labour Department confirmed a four-week moving […]

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A quiet Thursday saw the FTSE 100 trade sideways as investors appeared subdued following shocking inflation figures yesterday, which saw UK inflation hit the dreaded double-digit level at 10.1% in July. Meanwhile, a slate of blue chip companies traded ex-dividend, sending Anglo American shares falling 2.4% to 2,893.7p, GSK dipping 0.3% to 1,410.2p and Aviva […]

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The UK government blocked the acquisition of UK group Pulsic by Hong Kong company Super Orange HK on national security concerns on Wednesday. The announcement was made by the Secretary of State for Business, Energy and Industrial Strategy, who prevented the merger under section 26 of the National Security Investment Act 2021. According to the […]

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Made.com shares fell 10.4% to 8.8p in late morning trading on Thursday after the furniture group confirmed speculation that it was considering a potential equity capital raise to “strengthen its balance sheet.” “Turns out that selling on-trend but relatively pricey furniture is not a great model in the current economic environment,” said AJ Bell financial […]

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Rank Group shares decreased 2.3% to 85.9p in late morning trading on Thursday after the gaming company revised its underlying operating profit lower to £40 million in FY 2022 following poor performance across its Grosvenor venues. The company reached an underlying operating profit of £40.4 million, in line with its downward revised guidance. Rank Group […]

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B&M announced the appointment of Oliver Tant as non-executive director to the company on Thursday. Tant is set to take up the position on 1 November 2022, and will also succeed Ron McMillan as chair of the Audit & Risk Committee in July 2023 and join the Nomination Committee. McMillan is scheduled to resign after […]

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Helios Towers shares rose 1% to 136.5p in early morning trading on Thursday after the telecommunications firm reported an 25% revenue growth to $265.4 million from $212.4 million in HY1 2022. Helios Towers said its revenue increase was driven by acquisitions in Senegal, Madagascar and Malawi, along with strong organic tenancy growth, CPI and climbing […]

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Marshalls shares slid 0.6% to 452.1p in early morning trading on Thursday, after the firm announced an EBITDA fall to £45.7 million in HY1 2022 compared to £56.4 million the last year. The building materials group reported an operating profit drop to £27.3 million from £41 million. Marshalls confirmed a pre-tax profit decline to £23.9 […]

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The FTSE 100 closed 0.4% higher at 7,500.8 on Friday, rounding up a week of quiet progress with a 0.8% gain over the past five days. The big news rocking the market was the massive fallout from pharmaceutical drug Zantac, which wiped £4.5 billion of GSK’s market cap after claims that the heartburn drug caused […]

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Energy and Business Secretary Kwasi Kwarteng announced a proposal to provide additional relief for energy intensive industries in a statement released today. Companies with a high rate of electricity usage, such as steel and paper mills, were suggested as contenders for new proposals to subsidise electricity costs under a consultation for the Energy Security Strategy. […]

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IQGeo Group shares gained 7.4% to 134.8p in late afternoon trading on Friday, after the company announced its intended acquisition of Belgium firm COMSOF for a consideration up to €13 million. IQ Geo Group launched a €4.1 million fundraise to help source finance for the geospatial software business. The acquisition of COMSOF is reportedly set […]

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Global Invacom Group shares tumbled 13.7% to 6p in late afternoon trading on Friday, after the firm announced a revenue fall to $37.4 million in HY1 2022 against $40.4 million linked to a global shortage of semiconductors. The supply problems resulted in limited ability to carry out existing orders, and had a knock-on effect on […]

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Johnson & Johnson announced on it would stop selling talcum-based baby powder on Friday, replacing their product with cornstrach instead. The talcum-based baby powder is scheduled to end its run in globally in 2023. The company said it stood behind the safety of its talcum powder, after allegations from tens of thousands of women who […]

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888 Holdings shares fell 14.3% to 137.1p in early afternoon trading on Friday, following a 13% revenue slide to £332.1 million in HY1 2022 against £380.9 million the last year. 888 Holdings attributed its decrease in revenue to a 25% decline in the UK due to stricter gambling policies to protect customers, and the Netherlands […]

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TBC Bank shares climbed 3.7% to 1,604p in late morning trading on Friday after the Georgia-focused company announced a 10% climb in the national economy, boosting business. The firm reported a 235 million GEL profit in Q2, representing a 6% fall year-on-year linked to a high base in 2021 due to provision recoveries and gains […]

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Energy bills are estimated to hit £5,038 per year in 2023, according to analysts at Auxilione. Experts said Ofgem would probably raise the price cap for the average UK household to the £5,000 mark from April next year. The news comes the same week that analysts at Cornwall Insight warned consumers to expect a price […]

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The UK economy contracted 0.1% in Q2 2022, coming in slightly above analyst expectations of a 0.2% shrinkage according to the ONS. However, the figure represented a dramatic slowdown against the 0.8% growth in seen in Q1. GDP contracted as a result of skyrocketing inflation, which currently stands at 9.4%, and the consequent lack of […]

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Flutter Entertainment shares flew 8.1% to 10,150p in early morning trading on Friday after the betting group announced an 11% revenue growth to £3.3 billion in HY1 2022 compared to £3 billion the year before, despite a challenging market. Flutter Entertainment attributed its revenue climb to a surge in recreational player growth, with a 14% […]

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Petrofac shares dipped 0.3% to 114.8p in late afternoon trading on Thursday after the energy group reported a 23% HY1 2022 revenue fall to $1.2 billion against $1.6 billion the last year. The company highlighted 40% dive in its Engineering and Construction sector to $700 million compared to $1.1 billion in HY1 2021, linked to […]

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McDonald’s announced its reopening of Ukrainian stores after closing their operations in the country almost half a year ago at the start of the Russian invasion. The Big Mac company said it continued to pay the salaries of over 10,000 employees while regional stores were shut, and “countless members” of the McDonald’s system assisted with […]

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A weaker US dollar dragged on blue-chip companies reliant on the currency as the FTSE 100 dipped 0.3% to 7,479 in early afternoon trading on Thursday. “[Dollar] weakness [weighed] on the large number of UK stocks which earn revenue in that currency,” said AJ Bell financial analyst Danni Hewson. “A stronger pound against the dollar […]

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Netflix awoke to find its streaming crown stolen by former new kid on the block Disney+ after the House of Mouse reported 221.1 million subscribers in Q3 against Netflix’s 220.7 million. The news comes as the latest blow to the struggling streaming giant, who reported its first loss in subscribers in a decade this year […]

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M&G shares climbed 1.8% to 221.6p in late morning trading on Thursday, despite a widened IFRS post-tax loss to £1 billion in HY1 2022 compared to £248 million the last year. The company announced an adjusted operating profit drop to £182 million from £327 million as a result of current market conditions. M&G reported an […]

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Spirax-Sarco Engineering shares gained 0.4% to 12,055p in late morning trading on Thursday following a 17% revenue growth to £750.1 million in HY1 2022 against £643.7 million the last year. Spirax-Sarco Engineering linked its revenue increase to volume growth and price increases. However, the firm reported a 7% operating profit drop to £142.1 million compared […]

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Entain shares gained 5.1% to 1,375.8p in early morning trading on Thursday, after the gambling company reported a 19% revenue climb to £2.1 billion in HY1 2022, alongside an 18% growth in net gaming revenue. The gaming firm said its revenue increase was driven by a strong rebound in retail performance after Covid-19 lockdowns last […]

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Entain shares rose 2.9% to 1,346.5p in early morning trading on Thursday after the betting group announced the formation of Entain CEE with Czech Republic investment firm EMMA Capital. The gambling firm is set to use the new venture to expand its reach across Central and Eastern Europe. Entain will reportedly own 75% of Entain […]

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Antofagasta shares slid 0.5% to 1,186.5p in early morning trading on Thursday following a 29.6% revenue fall to $2.5 billion in HY1 2022. The mining company announced a 47.5% EBITDA drop to $1.2 billion, as a result of lower revenue and a 6.9% climb in operating costs. Antofagasta mentioned a pre-tax profit slide of 61.9%, […]

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4imprint Group shares soared 11.9% to 3,750p in late afternoon trading on Wednesday, after the promotional products company announced a 58% surge in revenue to $515.5 million in HY1 2022 against $326.8 million the year before. The Group reported an operating profit spike of 1,122% to $43.9 million compared to $3.6 million, along with a […]

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Aviva shares flew 11.8% to 463.5p in late afternoon trading on Wednesday, after the insurance company reported a 14% growth in operating profit to £829 million in HY1 2022 compared to £725 million the year before. The group announced a 46% rise in solvency II OFG to £538 million from £369 million, along with a […]

The post Aviva shares fly on sparkling results, dividend hiked 40% & share buyback proposed appeared first on UK Investor Magazine.

US inflation dropped to 8.5% in July from its previous figure of 9.1%, in some desperately needed good news in the gloomy market landscape. Inflation came in below the 8.7% analyst consensus as gas prices fell across the Atlantic, dragging inflation down, albeit still within a decades-long high. The gas index fell 7.7% last month, […]

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The FTSE 100 extended gains on Wednesday after key CPI US inflation data came in lower than expected and eased concerns over soaring prices. US July Core Consumer prices rose 0.3% month-on-month versus an estimated 0.5% and headline year-on-year CPI rose 8.5% against 8.7% expectations. S&P 500 futures gained 0.74% to 4,195 and NASDAQ futures […]

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Admiral shares surged 6.2% to 2,091p in late morning trading, despite a 48% pre-tax profit decline to £251.3 million in HY1 2022 against £482.2 million in HY1 2021. The insurance firm’s net revenue fell 9% to £720 million compared to £790 million, and its EPS dropped 50% to 67p from 132.9p the last year linked […]

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Elon Musk has reportedly sold £5.7 billion worth of shares in Tesla in a bid to shore up his funds if he loses his legal battle against Twitter. In the event the SpaceX tycoon loses the case, he would be forced to carry out his initial agreement to buy the social media platform. Musk struck […]

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Royal Mail workers are set to strike on 26 August, 31 August, 8 September and 9 September in a protest against employee salaries after pay negotiations between executives and postal workers crumbled. Approximately 115,000 Royal Mail staff will be walking as part of a massive wave of industrial action organised by the Communication Workers Union […]

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TUI shares slid 1.4% to 141.3p in early morning trading on Wednesday, following a pre-tax loss of €27 million in Q3 2022 from a loss of €669.8 million in Q3 2021. However, TUI reported a revenue growth to €4.4 billion in Q3 2022 against €649.7 year-on-year, linked to rising travel and tourism activity following the […]

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Prudential shares fell 1% to 978.6p in early morning trading on Wednesday, after the insurance giant reported a 90% tumble in IFRS post-tax profit from continuing operations to $106 million in HY1 2022 against $1 billion the last year. The Asia-focused insurer attributed its post-tax profit drop to high market volatility, resulting in lower equity […]

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US President Joe Biden signed the CHIPS and Science Act into law on Tuesday, providing $52 billion in funding for the country’s semiconductor manufacturing industry in an effort to boost national production. The Act is set to unlock $280 billion in funding to enhance US technology and manufacturing, as the country seeks to build its […]

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Coca-Cola HBC’s wholly-owned subsidiary CC Beverages Holdings II B.V. announced its agreed acquisition of ESM Effervescent Sodas Management Ltd. for €45 million on Tuesday. The bottling company is set to acquire the firm from IDEAL Holdings subsidiary S.I.C.C Holding Limited, with the transaction scheduled to close in HY2 2022. Coca-Cola HBC said its acquisition targeted […]

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Energy bills are set to exceed £4,200 in January 2023, according to a report by Cornwall Insight. The institute said its forecasts for the January Default Tariff Cap had grown by over £650, representing a price tag of approximately £4,266 for the average UK household. The bone-chilling shift represents a large step from previous estimations […]

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The FTSE 100 traded sideways in Tuesday as the impact of soft corporate updates were offset by stronger commodities companies and those with a focus on China. Standard Chartered, HSBC, BP and Shell gained helping the FTSE 100 outperform European peers on the day. The market was flat at 7,483.8, despite HY1 2022 updates from […]

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Just Group shares gained 1.6% to 76.2p in early afternoon trading on Tuesday, following a 15% rise in underlying operating profits to £74 million in HY1 2022 compared to £64 million year-on-year. However, the financial services group reported a widened IFRS post-tax loss of £226 million against £70 million the last year, as a result […]

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IWG shares plummeted 10.4% to 172.8p in late morning trading on Tuesday, after the group missed an expected return to profit with a reported post-tax loss of £81.3 million in HY1 2022 against £173 million in HY1 2021. IWG announced an adjusted operating loss of £2.2 million from £31.8 million, alongside an adjusted pre-tax loss […]

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Avast shares dipped 0.1% to 679.8p in late morning trading on Tuesday, following a 7.6% drop in adjusted EBITDA to $249.7 million and a 4.4% fall in adjusted EBITDA margin to 52.9%. The software company said its EBITA decline was linked to higher investment into its Digital Trust Services sector. Avast confirmed an operating profit […]

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Legal & General shares were flat at 271.7p in early morning trading on Tuesday after the company reported an 8% operating profit growth to £1.1 billion in HY1 2022 compared to £1 billion the last year. The legal group announced a post-tax profit rise to £1.1 billion against £1 billion in HY1 2021 and a […]

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Abrdn shares fell 3.5% to 166.8p in early morning trading on Tuesday after adverse market conditions buffeted the company in HY1 2022, dragging revenues down. The firm swung to an IFRS pre-tax loss of £320 million from a profit of £113 million, driven by £313 million in losses from the change in fair value of […]

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Intercontinental Hotels shares dipped 1.1% to 4,960p in early morning trading on Tuesday, after the hospitality company announced a 52% total revenue climb to $1.7 billion in HY1 2022 against $1.1 billion the year before. The group reported a 162% operating profit spike to $361 million from $136 million in the previous year. The firm […]

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Solid State announced its completed acquisition of battery systems and energy solutions provider Custom Power LLC on Monday. The company acquired the Los Angeles based firm for a maximum consideration of £36 million on a debt-free, cash-free and normalised working capital basis. “We are delighted to have completed the transformational acquisition of Custom Power, which […]

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Lexington Gold shares gained 5.3% to 3p in early afternoon trading on Monday after the mining group reported an updated independent JORC Mineral Resource Estimate (MRE) for the Loflin side of the Jones-Keystone-Loflin (JKL) project. The updated JORC MRE confirmed a total inferred resource of 2,596,000 tonnes at 0.99 g/t Au for 82,700 oz of […]

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The FTSE 100 kicked off a quiet day of trading in the second week of August, with the blue-chip index gaining 0.6% to 7,487.6 in early afternoon trading as the market defied the cost of living crunch and gained closer to the breakeven mark. “The summer is supposed to be a quiet time for markets […]

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Lok’nStore shares increased 0.2% to 1,033p in late morning trading on Monday after the company reported a 17.3% climb in self-storage revenue and a 24.9% rise same-storage revenue in its HY1 2022 trading update. The storage firm announced a 13% growth in pricing, with occupancy driven by strong demand for self-storage. Lok’nStore confirmed its new […]

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Bidstack shares dipped 1.1% to 3.3p in late morning trading on Monday, after the firm reported a surge in revenue to £2 million in HY1 2022 against £820,000 in HY1 the last year. The in-game brand activation platform announced a gross margin improvement to 39.9% from 34.5% in the previous year. Bidstack confirmed a period-end […]

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PageGroup shares fell 6.2% to 424p in late morning trading on Monday following a reported slowing in time to hire across several of the company’s markets in July 2022. However, PageGroup announced a strong slate of results across the board, including a 27.5% revenue growth to £977.3 million in HY1 2022 against £766.4 million the […]

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Diversified Energy shares rose 0.7% to 125.7p in early morning trading on Monday after the group reported an adjusted EBITDA growth of 48% to $224 million in HY1 2022 compared to $151 million in HY1 2021. Diversified Energy also confirmed a cash margin of 48% across the HY1 financial period. The firm highlighted a net […]

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BHP Group reported its submission of a non-binding indicative proposal to the Board of OZL to acquire 100% of the issued capital in the group via a scheme of arrangement on Monday. The firm announced its proposal to acquire all of OZL’s shares for cash consideration at AUS $25 per share, amounting to a total […]

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Clarksons shares slid 1.8% to 3,490p in early morning trading on Monday, following a record revenue growth to £266.7 million against £190.1 million in HY1 2021. The shipping services group attributed its revenue climb to long-term supply and demand dynamics of the shipping market, which reportedly put upward pressure on rates. The company noted particularly […]

The post Clarksons achieves record year on global shipping shortages and weakened dollar appeared first on UK Investor Magazine.

Light Science Technologies Holdings shares dropped 9% to 7.5p in late afternoon trading on Friday after the company announced a widened pre-tax loss of £1.3 million in HY1 2022 compared to £900,000 the year before. The firm reported a slightly reduced margin of 20.9% against 23.6% in the previous year. However, Light Science Technologies highlighted […]

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Inspired shares fell 1.3% to 12.1p in late afternoon trading on Friday, after the group confirmed its HY1 2022 results were set to come in line with market expectations in its trading update for the period. The technology service provider announced progress in its planned strategy, with strong trading and a continued growth in underlying […]

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DeepVerge shares tumbled 10.8% to 13.6p in early afternoon trading on Friday, after the group announced a lowered revenue expectation of approximately £18 million in FY 2022. The company said the lower revenue would be reflected in a smaller projected EBITDA and a slight fall in gross margins, alongside a small increase in overheads. DeepVerge […]

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The US added 528,000 jobs in July, according to the US non-farm payroll report released today. Meanwhile, the unemployment rate fell to 3.5% across the country, coming in below the 3.6% market estimate. The Bureau of Labour Statistics also revised the growth in June to 398,000 payrolls from 372,000 and updated May’s results to 386,000 […]

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House prices have fallen for the first time since June 2021, according the latest report from Halifax. Prices dipped by 0.1% in July 2022, and the annual rate of growth eased to 11.8% from 12.5%. Halifax noted a typical UK property currents costs £293,221, representing a £365 reduction against June 2022. The tiny fall marks […]

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WPP shares slid 7.4% to 826.4p in late morning trading on Friday, despite a 10.2% revenue growth to £6.7 billion in HY1 2022 compared to £6.1 billion the year before. WPP attributed its strong revenues to high client demand across most sectors and regions, with $3.4 billion in net new billings across the financial term. […]

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London Stock Exchange shares climbed 4.2% to 8,496p in late morning trading on Friday, after the group announced a sweeping slate of strong profits in HY1 2022. The company reported a gross profit growth to £3.2 billion compared to £2.6 billion year-on-year, alongside an EBITDA rise to £1.7 billion from £1.2 billion and an operating […]

The post London Stock Exchange launches £750m share buyback as HY1 profits surge appeared first on UK Investor Magazine.

Flutter Entertainment announced its completed acquisition of Italian online gaming operator Sisal for £1.62 billion on Friday, after receiving all the necessary regulatory confirmations for the transaction. Flutter Entertainment commented the acquisition was aligned with its strategy of investing to build leadership positions in regulated markets. The Italian company has reportedly posted a strong performance […]

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Pets at Home shares gained 0.3% to 338.6p in early morning trading on Friday after the group reported a 6% like-for-like revenue increase to £404.7 million in Q1 2023. The pets care company announced a 7.1% total revenue climb to £404.7 million. Pet at Home highlighted strong customer acquisition, with 1.1 million new customers in […]

The post Pets at Home LFL revenue grows 6% to £404.7m in Q1 as pandemic pet boom drives demand appeared first on UK Investor Magazine.

Hargreaves Lansdown shares rose 3% to 869.3p in early morning trading on Friday after the firm announced a 92,000 client growth to 92,000 in FY 2022. The investment group confirmed the volatile market environment had also impacted its business, with an 8% revenue fall to £583 million against £631 million in FY 2021 as lower […]

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Instem shares saw an uptick of 0.3% to 702.5p in late afternoon trading on Thursday after the group reported a strong trading update for HY1 2022, including a combined and inorganic revenue growth of approximately 39% to £27.6 million against £19.8 million year-on-year. Instem confirmed its recurring software revenue rose over 60% over the financial […]

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IXICO has been selected for a contract to provide MRI and DAT-SPECT imaging services by an unidentified European biopharmaceutical company for a Phase 2 clinical trial in Parkinson’s disease. The contract represents the second study award IXICO has received from the client over the last 12 months, with the trial expected to progress over four […]

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The FTSE 100 had a spring in its step on Thursday, as the blue chip index rose 0.5% to 7,485.1 in early afternoon trading. The market seemed to defy recession fears after the Bank of England announced an interest rates hike of 0.5% to 1.75%, representing the most aggressive rates growth in 25 years. The […]

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The Bank of England announced its decision to hike interest rates a whopping 0.5% to 1.75% in its meeting today, representing the highest level since 2009. The move comes in a bid to tackle soaring inflation, which currently stands at a 40-year record of 9.4% and was previously estimated to reach 11% in October this […]

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Informa shares fell 3.5% to 579.6p in late morning trading on Thursday, despite a 59.1% HY1 2022 revenue increase to £1 billion compared to £688.9 million the last year. The exhibitions group confirmed an adjusted operating profit climb of 226.6% to £234.5 million against £71.8 million in HY1 2021 as a result of strong revenue […]

The post Informa swings to £90.9m profit as GAP II strategy progresses on schedule appeared first on UK Investor Magazine.

Hikma Pharmaceuticals shares plummeted 8.1% to 1,618.5p in late morning trading on Thursday, after the company reported a 27% operating profit drop to $239 million in HY1 2022 against $326 million the year before. Hikma attributed its declining profits to lower pricing in its Generics sector and a high comparative in HY1 2021 due to […]

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Glencore shares gained 1.6% to 453.4p in late morning trading on Thursday following a 43% revenue growth to $134.4 billion in HY1 2022 against $93.8 billion in HY1 2021. The mining giant reported an adjusted EBITDA surge of 119% to $18.9 billion from $8.6 billion linked to record pricing across coal, gas and physical premia. […]

The post Glencore revenues soar to $134.4bn as market volatility leads to record prices appeared first on UK Investor Magazine.

Next shares rose 2.3% to 6,906p in early morning trading after the FTSE 100 fashion group announced a Q2 full price sales climb of 5% as warm weather and social events sparked a resurgence in its formal wear business. Next suspected its strong sales were also linked to the closure of several competing brands over […]

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Rolls Royce shares slid 4.7% to 86.4p in early morning trading on Thursday after the group swung to a statutory loss of £1.6 billion in HY1 from a profit of £394 million the last year. The aerospace manufacturer reported a revenue growth to £5.6 billion against £814 million as a result of record Power Systems […]

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M&G shares increased 1.6% to 217.6p in late afternoon trading on Wednesday after the group announced its intended acquisition of financial services firm Continuum for an undisclosed amount. The investment manager confirmed it would be taking an initial 49.9% stake in the company, with a scheduled agreement initiated to acquire the remainder over the next […]

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The Pensions Regulator has declared war on scammers with a new three-pronged strategy to protect savers from predators and punish criminals found guilty of participating in fraudulent activity. The scheme reportedly aims to educate pension trustees and savers on the threat of scams, stop practices which might harm retirement outcomes, and fight fraud via the […]

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Rolls Royce shares rose 1.6% to 89.2p in late afternoon trading on Wednesday after the luxury car group received the green light from the Spanish government to sell its ITP Aero subsidiary for €1.8 billion. The group has been purchased by a consortium of investors led by Bain Capital Private Equity, with the transaction scheduled […]

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OPEC+ has reportedly chosen to raise its oil output by 100,000 barrels per month in its latest meeting on Wednesday. The increase is set to cover a mere 86 seconds of international demand, and was described as “so little as to be meaningless,” according to Eurasia Group managing director for energy, climate and sustainability Raad […]

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The FTSE 100 ground out a 0.3% gain to 7,436 early afternoon trading on Wednesday, as the market’s eyes turned to US House Speaker Nancy Pelosi’s recent return from Taiwan and the meeting of OPEC+. “Investors already have more than enough on their plate. Now they find themselves having to make room for one more […]

The post FTSE 100: Avast soars and Taylor Wimpey defies housing market slowdown concerns appeared first on UK Investor Magazine.

Hiscox shares dropped 5% to 831.4p in late morning trading on Wednesday after the group swung to a pre-tax loss of $107.4 million in HY1 2022 compared to a profit of $133.4 million the last year. The insurance firm reported an $87.1 million loss for the financial period from a $119 million profit in HY1 […]

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The price of oil fell below the $100 mark ahead of the OPEC+ meeting today, with benchmark Brent Crude dipping to $99 per barrel. The market currently expects producers to keep a steady output, with little to no change in production as supply fears persist on the back of the Russian war in Ukraine. “There […]

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IP Group shares increased 1.4% in late morning trading on Wednesday, despite swinging to a loss of £309.8 million in HY1 from a profit of £116.5 million the year before. IP Group linked its HY1 loss to the reversal of gains on Oxford Nanopore, reflecting a slide in public market interest in life science tools […]

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Ferrexpo shares gained 1.1% to 144.5p in early morning trading on Wednesday, despite a revenue decline of 31% to $936 million in HY1 2022 against $1.3 billion last year, as a result of lower production and tighter market conditions. The Ukraine-focused company confirmed a 14% drop in pellet production to 4.8 million tonnes, with the […]

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Taylor Wimpey shares increased 3.2% to 124p in early morning trading on Wednesday, following a HY1 performance ahead of market expectations. The housing giant reported completions slightly ahead of expectations at 6,790 homes, excluding joint ventures, with a 16.3% rise in pre-tax profit to £334.5 million compared to £287.5 million the last year. However, Taylor […]

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Rotork shares increased 2% to 263.2p in late afternoon trading on Tuesday following an adjusted order intake rise of 14% £340.1 million in HY1 2022 compared to £298.2 year-on-year. Rotork credited an encouraging performance from its Chemical, Process and Industrial, and Oil and Gas businesses for its raised order intake, along with successful price increases […]

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Synthomer shares tumbled 10.3% in early afternoon trading on Tuesday following an underlying EBITDA fall of 46.2% to £173.1 million in HY1 2022 against £322.7 million in HY1 2021. Synthomer said all businesses delivered EBITDA growth except for its Performance Elastomers sector, following a 2021 swell of demand for Nitrile Butadiene Rubber (NBR) linked to […]

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The FTSE 100 saw a sleepy session of trading on Tuesday, with the index rising 0.1% to 7,419.5 in early afternoon trading. The market dodged the panic across the Asian markets, however, US House Speaker Nancy Pelosi’s visit to Taiwan set off renewed alarm bells as geopolitical tensions flared. “The FTSE 100 was in consolidation […]

The post FTSE 100: BP profit soars as housing market outlook hurts housebuilders appeared first on UK Investor Magazine.

Domino’s Pizza shares fell 1.7% to 285.6p in late morning trading on Tuesday on the back of a HY1 2022 underlying pre-tax profit drop of 16.3% to £50.9 million compared to £60.8 million the last year. The fast food company reported a 5.6% decline in system sales to £710.5 million against £752.3 million, and a […]

The post Inflation cuts a slice off Domino’s Pizza profits in HY1 appeared first on UK Investor Magazine.

Fresnillo shares dropped 5.5% to 687.8p in late morning trading on Tuesday after the miner’s HY1 revenue spiralled 14.2% to $1.2 billion. Fresnillo highlighted an adjusted revenue fall of 12.6% to $1.3 billion, and attributed 91% of its decline to lower gold volumes and 9% to lower silver prices. The FTSE 100 miner reported a […]

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The housing market still has some momentum as house prices rose 11% year-on-year in their 12th consecutive month of growth, according to the latest report by Nationwide. Despite the ongoing cost of living crisis and soaring 9.4% inflation, high employment and a limited supply of homes kept prices climbing higher even amid the volatile market […]

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BP shares gained 3.6% to 406.7p in early morning trading on Tuesday following a reported strong Q2 for the energy giant, including an 85% surge in revenue to $69.5 billion. The oil and gas company noted an underlying profit growth to $8.5 billion compared to $2.8 billion year-on-year, driven by strong realised refining margins, strong […]

The post BP revenues soar 85%, $3.5bn share buyback announced appeared first on UK Investor Magazine.

Greggs shares rose 2.2% to 2,124p in early morning trading on Tuesday after the food company reported trading in-line with management expectations and a growth in total sales to £694.5 million in HY1 2022 against £546.2 million the year before. Greggs confirmed a 22.4% like-for-like sales rise in the period, with a 12.3% growth compared […]

The post Greggs profits remain flat despite sales growth as cost inflation bites appeared first on UK Investor Magazine.

RHI Magnesita shares fell 8.4% to 2,062p in late afternoon trading on Monday, despite a reported revenue growth to €1.5 million against €1.2 million year-on-year in its HY1 2022 results. The group mentioned a reported EBITDA climb to €177 million from €136 million, along with a pre-tax profit of €142 compared to €125 million the […]

The post RHI Magnesita profits rise as inflation costs successfully passed onto consumers appeared first on UK Investor Magazine.

Spectris shares dropped 5.8% to 2,930p in late afternoon trading on Monday following a reported pre-tax profit fall of 77% to £41.8 million in HY1 2022 compared to £181.9 million the last year. The precision measuring firm announced a statutory operating profit dip of 2% to £54.3 million against £55.4 million, along with an operating […]

The post Spectris profits fall in HY1, share buybacks to recommence and dividend raised appeared first on UK Investor Magazine.

The FTSE 100 started the week on a positive note gaining to 7,465.9 in early afternoon trading on Monday as results from bank heavy weight HSBC helped lift the index. The positive corporate results continued to roll in, with banking giant HSBC and education company Pearson hitting the ground running with high-flying HY1 reports. “The […]

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Lloyds has maintained a strong slate of results in its latest HY1 report, and the banking group has remained on solid ground in the last few months despite a current trend of macro-economic volatility. There is an argument to be made that Lloyds shares are not an ideal investment right now, especially as its position […]

The post Lloyds share price: should I buy as a core dividend allocation? appeared first on UK Investor Magazine.

The price of oil took a hit on Monday after China reported a manufacturing purchasing managers’ index result below analyst estimates of 49.0 from the expectation of 50.4. The price of Benchmark Brent Crude fell to $102 per barrel, with the soaring prices enjoyed by the commodity on the back of the Ukraine war starting […]

The post Oil prices fall to $102 on China manufacturing slowdown appeared first on UK Investor Magazine.

China reported a manufacturing growth below market estimates, following on from its dramatic slowdown in economic activity last month to 0.4% growth, coming far below analyst expectations of a 1.2% forecast. China’s manufacturing purchasing managers’ index slid to 49.0 in July from 50.2 in June, dropping beneath the market estimated of 50.4. Analysts confirmed the […]

The post China manufacturing growth report misses market expectations on Covid lockdowns impact appeared first on UK Investor Magazine.

Ascential shares decreased 6.4% to 273.2p in late morning trading on Monday after a widened reported operating loss of £35.2 million in HY1 2022 compared to £2.4 million in HY1 2021. Ascential attributed the loss to the amortisation of acquired intangibles at £17.5 million and share-based payments at £7.6 million, alongside non-trading items for acquisition […]

The post Ascential widens operating loss to £35.2m despite double-digit revenue growth appeared first on UK Investor Magazine.

XP Power shares fell 6.5% to 2,840.6p in late morning trading on Monday, after the company announced a reported operating loss of £45.2 million in HY1 2022 from an operating profit of £17.1 million the last year. The power solutions firm announced a pre-tax loss of £47.4 million compared to a pre-tax profit of £16.4 […]

The post XP Power swings to HY1 loss on supply chain and inflationary challenges appeared first on UK Investor Magazine.

HSBC shares gained 5.5% to 542p in early morning trading on Monday, after the banking firm announced an $800 million post-tax profit growth to $9.2 billion in HY1 2022. The bank reported a reported pre-tax profit fall of $1.7 billion to $9.2 billion, reflecting a net charge for expected credit losses and additional credit impairment […]

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Pearson shares rose 6.8% to 808.2p in early morning trading on Monday following an adjusted operating profit growth of 22% to £160 million in HY1 2022. Pearson attributed its profit climb to a positive trading performance, FX benefit and property savings, slightly offset by inflation, portfolio investment and phasing costs in 2021. The education group […]

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The FTSE 100 was buoyed by shining corporate results from several companies in a busy week for the market, with the blue chip index closing 1.1% higher at 7,428 at close of trading on Friday. US markets enjoyed a boost with Amazon and Apple reporting sales ahead of market expectations and hopes that the US […]

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Standard Charted shares fell 0.5% to 563.7p in late afternoon trading on Friday following an announced HY1 2022 pre-tax profit growth of 19% to $2.8 billion, beating market expectations. The banking firm benefited from rising interest rates, with the latest Bank of England meeting hiking rates 1.25% in a move to tackle soaring inflation. Analysts […]

The post Standard Chartered HY1 profits hit $2.8bn, $500m share buyback announced appeared first on UK Investor Magazine.

Octopus Renewables Infrastructure Trust shares rose 0.9% to 114.1p in late morning trading on Friday after the group announced an unaudited NAV rise of £40 million to £627.5 at 30 June 2022, representing a growth of 7.1p to 111.1p per share. Octopus Renewables attributed the rise to increases in short-term wholesale energy price forecasts, especially […]

The post Octopus Renewables Infrastructure Trust NAV rises £40m to £627.5m appeared first on UK Investor Magazine.

AstraZeneca shares decreased 1.7% to 10,676.4p in late morning trading on Friday, despite a 48% growth in revenue to $22.2 billion, reflecting expansion in all divisions except for Other Medicines. The pharmaceutical giant announced a 71% surge in operating profit to £1.4 billion, excluding the impact of its Alexion acquisition, exchange rates and additional one-time […]

The post AstraZeneca revenue grows to $22.2bn, raises FY guidance on Covid-19 treatments appeared first on UK Investor Magazine.

NatWest shares flew 6.8% to 245.8p in early morning trading on Friday in light of a pre-tax operating profit ahead of management expectations of £2.6 billion in HY1 2022. The banking firm reported a return on tangible equity of 13.1% and a cost:income ratio of 58.3% compared to 67.6% the last year. NatWest highlighted a […]

The post NatWest sparkles as £2.6bn profits exceed market expectations appeared first on UK Investor Magazine.

Glencore shares gained 2.1% to 458.9p in early morning trading on Friday, after the mining giant announced a mixed bag of production results in its HY1 2022 report. The company highlighted a 40% growth in cobalt production to 20.7 kt from 14.8 kt, alongside a 21% rise in nickel to 57.8 kt compared to 47.7 […]

The post Glencore copper production slides on Katanga complications appeared first on UK Investor Magazine.

Rightmove shares were up 1.3% to 653.4p in early morning trading on Friday after the property search group confirmed a 9% revenue climb to £162.7 million in HY1 2022 compared to £149.9 million the last year. Rightmove attributed its revenue to customers increasing their use of digital products to upgrade their packages. The company announced […]

The post Rightmove resilient as revenue grows on digital products upgrades appeared first on UK Investor Magazine.

Vesuvius shares fell 4.2% to 329.8p in late afternoon trading on Thursday after the group caveated its relatively strong results with a warning that its market environment looked set to deteriorate over the coming months. However, the metal flow engineering firm confirmed it expected its FY results to top the higher end of market expectations, […]

The post Vesuvius expects FY revenues at top end of guidance despite anticipated market meltdown appeared first on UK Investor Magazine.

National Express shares increased 1.1% to 181.2p in late afternoon trading on Thursday after the travel firm announced a 33.6% revenue growth to £1.3 billion in HY1 2022 against £990 million in HY1 2021, representing its highest revenue in a decade. The company reported an EBITDA spike of 54.3% to £197.8 million from £128.2 million […]

The post National Express swings to £42.3m operating profit in HY1 appeared first on UK Investor Magazine.

Meta reported its second quarter of falling sales in Q2 2022, with its revenue missing market expectations in a crushing blow to the social media company. The Facebook parent group also confirmed a weak forecast for Q3, noting the updated Apple iOS privacy policy and a weakened economic environment as factors which knocked down its […]

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The FTSE 100 saw one of the busiest days of the year for corporate results today, dipping 0.1% to 7,339.2 as Shell, Barclays, BAE Systems and ITV, among others, all reported. Across the Atlantic, the US Federal Reserve hiked interest rates 0.75%, hitting the level expected by analysts for the last few weeks in a […]

The post Shell, Barclays and ITV report after the US Fed hikes interest rates 0.75% appeared first on UK Investor Magazine.

Anglo American shares gained 3.4% to 2,870p in late morning trading on Thursday, despite a HY1 2022 revenue fall of 17% to $18.1 billion from $21.7 billion year-on-year. The mining giant reported an EBITDA drop of 28% to $8.7 billion compared to $12.1 billion, alongside a mining EBITDA margin decrease to 52% from 61%. However, […]

The post Anglo American revenues profits fall, dividend slashed 47% appeared first on UK Investor Magazine.

Barclays shares were down 1.9% to 154.5p in late morning trading on Thursday after profits missed management expectations at a pre-tax profit of £3.7 billion in HY1 2022. The accidental over-issuance of US securities earlier this year continued to drag the company down, with an attributable profit of £2.5 billion after absorbing charges net of […]

The post Barclays profits miss expectations as £1.5bn US securities charges eat into income appeared first on UK Investor Magazine.

ITV shares rose 2.5% to 73.2p in early morning trading on Thursday following a reported an 8% revenue growth to £1.6 billion, with a 16% total ITV Studios revenue climb to £927. The entertainment firm announced a 4% uptick in Media and Entertainment revenue to £1 billion, along with a 5% total advertising revenue increase […]

The post ITV revenue grows 8%, investment in ITVX climbs appeared first on UK Investor Magazine.

Shell shares rose 1.8% to 2,156.5p in early morning trading on Thursday after the oil giant announced a bumper $11.5 billion profit in Q2 2022, representing a 26% rise against its shattering $9.1 billion intake in Q1 2022. Shell reported an adjusted EBITDA of $23.1 billion, marking a 22% leap over its $19 billion figure […]

The post Shell profits hit $11.5bn, announces $6bn share buyback programme appeared first on UK Investor Magazine.

The US Federal Reserve hiked interest rates 0.75% on Wednesday, hitting a target range between 2.25% to 2.5% in a bid to tackle soaring inflation. US inflation reached a record height of 9.1% in June this year, ahead of analyst expectations and sparking renewed fears of a recession. Meanwhile, some market analysts expect the US […]

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The US Dollar declined from its 20-year record high in advance of the US Federal Reserve’s interest rates decision, which is predicted to see a 0.75% rise in a bid to combat soaring 9.4% inflation across the Atlantic. According to Reuters, traders are betting on a 0.75% increase with an outside chance of a more […]

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The FTSE 100 gained 0.5% to 7,343.8 in early afternoon trading on Wednesday as upbeat earning from the US and Europe helped improve sentiment. “The FTSE 100 was higher on Wednesday morning, buoyed by some positive corporate results and news from the US overnight as Microsoft and Alphabet reported numbers which were not as bad […]

The post FTSE 100 rises on promising earnings from the US and Europe appeared first on UK Investor Magazine.

The Financial Conduct Authority (FCA) announced the introduction of a new Consumer Duty on Wednesday, which is set to raise the standards for how financial firms treat customers. The Duty will reportedly allocate higher and clearer standards of consumer protection across the financial services industry, with the move coming as part of the FCA’s transformation […]

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Rio Tinto shares fell 2% to 96.9p in late morning trading on Wednesday on the back of largely flat production in HY1 2022, with the first iron ore delivered from its Gudai-Darri project and the commencement of operations at the underground Oyu Tolgoi mine. Rio Tinto confirmed a consolidated sales revenue drop of 10% to […]

The post Rio Tinto profits slide on climbing inflation, reports 2nd-highest interim dividend on record appeared first on UK Investor Magazine.

GSK shares gained 0.4% to 1,762.1p in late morning trading on Wednesday after the pharmaceutical company announced a 19% AER sales climb to £6.9 billion in Q2 2022. The group reported a 44% growth in Speciality Medicines revenue to £2.7 billion, alongside a 9% rise in Vaccines revenue to £1.7 billion and a 5% General […]

The post GSK raises guidance on Speciality Medicines 44% revenue growth appeared first on UK Investor Magazine.

British American Tobacco shares dipped 0.1% to 3,465.5p in early morning trading on Wednesday following a 3.7% revenue climb to £12.8 billion in HY1 2022, led by New Category growth. British American Tobacco highlighted a 45% expansion in its New Category sector to £1.2 billion in revenue, with a 2.1 million increase in non-combustible product […]

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Everyman Media Cinema Group shares gained 1.8% to 111p in early morning trading on Wednesday after the company announced a revenue of £40.7 million in HY1 2022 from £11.8 million in HY1 2019. The group reported an EBITDA growth to £7.5 million compared to £900,000 in 2019. Everyman Media commented its results were especially noteworthy, […]

The post Everyman Media Cinema Group revenues climb to £40.7m on new cinema venues appeared first on UK Investor Magazine.

musicMagpie shares fell 9% to 45.5p in early morning trading on Wednesday following a reported revenue dip to £71.3 million in HY1 2022 compared to £72.8 million in HY1 2021. The technology upcycler confirmed its growth in Consumer Technology mostly offset the expected post-Covid drop in Disc Media and Books demand. musicMagpie announced Consumer Technology […]

The post musicMagpie revenues fall as Disc Media & Books demand slides appeared first on UK Investor Magazine.

Franchise Brands shares rose 3.1% to 148.4p in late afternoon trading on Tuesday following a reported 60% surge in revenue to £44.5 million in HY1 2022 against £27.8 million in HY1 2021. The multi-brand franchise business highlighted an adjusted EBITDA growth of 74% to £7.3 million from £4.2 million the last year, alongside a statutory […]

The post Franchise Brands revenues and profits surge on 20% rise in Metro Rod and Metro Plumb sales appeared first on UK Investor Magazine.

Uniphar shares declined 2.3% to 310p in late afternoon trading on Tuesday after the group confirmed an EBITDA and gross profit performance in line with management expectations in its HY1 trading update. The healthcare services company reported a gross profit rise of 5%, driven by organic growth across each sector and outperformance in its Supply […]

The post Uniphar confirms strong outlook on steady M&A pipeline appeared first on UK Investor Magazine.

Ergomed shares increased 7.5% to 1,086p in late afternoon trading on Tuesday after the group announced a total revenue growth of 24.8% to £69.9 million in HY1 2022. Ergomed commented it anticipated total revenue and adjusted EBITDA for the FY term to be in line with market expectations. The group said it currently had a […]

The post Ergomed revenue climbs 24%, ADAMAS integration brings additional benefits appeared first on UK Investor Magazine.

The FTSE 100 gained a 0.5% boost to 7,343.5 after a slate of positive results from the UK and US markets helped the FTSE 100 outperform European indices and US futures. “The FTSE 100 made some modest progress on Tuesday morning as earnings reports on both sides of the Atlantic turn from a trickle to […]

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Greencore Group shares slid 3.7% to 103.3p in late morning trading on Tuesday following a reported 35% growth in revenue to £486.2 million in Q3 2022. The convenience foods group highlighted a 41% revenue climb to £333.4 million against the previous year, alongside a 23.5% rise to £152.9 million in other convenience food categories. Greencore […]

The post Greencore Group revenue grows 35% as company raises prices to fight inflationary costs appeared first on UK Investor Magazine.

Mitie Group shares gained 0.8% to 73.9p in late morning trading on Tuesday on the back of a 3% year-on-year uptick in revenue to £945 million in Q1 2023. The professional services group announced new contract wins, renewals and extensions worth £778 across the financial period, contributing to its revenues and serving to replace the […]

The post Mitie Group revenues rise 3% on new contracts and acquisitions appeared first on UK Investor Magazine.

Compass Group shares climbed 2.2% to 1,885.5p in late morning trading on Tuesday after the foodservice company reported an underlying organic revenue growth of 43.4% in Q3 2022. The group announced a 49.7% underlying organic revenue increase in North America, along with 41.9% in Europe and 15.9% in the rest of the world, with all […]

The post Compass Group revenues grow 43% in Q3 as business thrives post-Covid appeared first on UK Investor Magazine.

Unilever shares gained 2.5% to 4,016.5p in early morning trading on Tuesday following a 14.9% climb in turnover to €29.6 billion in HY1 2022 compared to the last year. The consumer care firm announced a 1.7% uptick in operating profit to €4.5 billion, with an operating margin fall of 200 basis points to 15.2% from HY1 2021. […]

The post Unilever reaches €29.6bn turnover in HY1, inflation costs eat into operating margins appeared first on UK Investor Magazine.

easyJet shares increased 1.2% to 378.7p in early morning trading on Tuesday after the budget airline announced a revenue growth to £1.7 billion in Q3 2022 compared to £213 million in Q3 2021. The travel group reported a passenger revenue climb to £1.1 billion from £152 million the last year, alongside a rise in ancillary […]

The post easyJet revenue grows to £1.7bn as summer holidays drive flight capacity numbers appeared first on UK Investor Magazine.

Ebiquity shares climbed 6.7% to 56p in late afternoon trading on Monday following a 16% revenue growth to £37 million year-on-year in its HY1 2022 trading update. The media investment analysis group included the initial contribution from its US acquisitions of Media Management LLC and Media Path in April this year in its revenue increase. […]

The post Ebiquity revenue grows 16% as volatile market opens potential digital advertising opportunities appeared first on UK Investor Magazine.

Judges Scientific shares fell 1.6% to 7,474.1p in late afternoon trading on Monday following the release of the group’s HY1 trading update, which reported continued recovery from the challenges of Covid-19. However, the company mentioned worsening supply chain disruptions, as geopolitical disruption caused difficulties in managing operations across the group. Judges Scientific highlighted an organic […]

The post Judges Scientific recovers from Covid, supply chain problems worsen appeared first on UK Investor Magazine.

Science Group shares dipped 1.5% to 387.8p in late afternoon trading on Monday, despite record HY1 results which slightly exceeded board expectations. The company confirmed revenue growth of 10% to £44.8 million against £40.7 million in HY1 2021, along with an adjusted operating profit climb of 22% to £8.8 million compared to £7.3 million. Science […]

The post Science Group achieves record year, reports strong outlook in FY 2022 appeared first on UK Investor Magazine.

The FTSE 100 increased 0.2% to 7,291.1 in early afternoon trading on Monday after a weak start, as optimism in the US markets counterbalanced overnight losses in Asian markets. The drop in the markets dragged down Asia-focused shares on the FTSE 100, with insurance company Prudential dropping 1.2% to 990.3p and Scottish Mortgage Investment Trust […]

The post FTSE 100 gains after weak start as Asian markets slide appeared first on UK Investor Magazine.

Primary Health Properties announced its acquisition of Strawberry Hill Medical Centre in Newbury today for a total consideration of £7.2 million. The property is currently fully let to two GP practices, providing 100% government-backed income with an unexpired term of 19 years. Primary Health Properties added the GP practices served substantial patient lists, and benefited […]

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Premier Foods shares gained 3.3% to 116.8p in late morning trading on Monday following the company’s reported acquisition of Indian and South East Asian meal kits producer The Spice Tailor for £43.8 million. The company confirmed it would acquire 100% of shares in the meal kits firm on a cash and debt-free basis, with additional […]

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Sanne Group shares gained 0.5% to 918.9p in late morning trading on Monday after the firm announced strong performance in HY1 2022, including a return to double-digit organic revenue growth of 25.8%. The company reported record new business wins and continued decent cash generation, with operating cash conversion ahead of the previous 90% management guidance. […]

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Vesuvius shares rose 7.7% to 348p in late morning trading on Monday following stronger than expected trading in HY1 2022, with a revised EBITDA projection of £127.4 million. The engineering firm attributed its outperformance to the successful implementation of its pricing strategy to recover input costs, alongside market share gains linked to the company’s technological […]

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Ryanair shares fell 1.8% to 70.9p in early morning trading on Monday after the budget airline reported a post-tax profit of €170 million in Q1 2023 against a Q1 2022 loss of €273 million, however its profit remained below its Q1 2020 pre-Covid profit of €243 million. The travel firm announced a 602% surge in […]

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Vodafone shares were down 0.1% to 128.8p in early morning trading on Monday, after the telecommunications group reported a 2.5% service revenue growth in Q1 2023 from 2% in Q4 2022. The company announced a service revenue fall of 0.5% in Germany, its largest market, against 0.8% in the previous financial term, reflecting the impact […]

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The FTSE 100 closed 0.2% higher on Friday trading after a 0.1% retail sales fall in June cast a gloomy outlook on consumer-focused groups, while oil and commodities stocks rebounded on higher prices at the week’s close. “The FTSE 100 eked out some gains on Friday to provide hope it may finish in positive territory […]

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Yellow Cake shares gained 2% to 357.4p in late afternoon trading on Friday after the group announced continued market improvement for U3O8, with the spot price increasing 89% from $30.65 per pound on 31 March 2021 to $57.90 per pound on 31 March 2022. The uranium-specialised company reported a 203% rise in the value of its holding […]

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FRP Advisory Group shares dropped 7.6% to 139.4p in late afternoon trading on Friday following a pre-tax profit slide to £15.1 million in FY 2022 against £16.6 million in FY 2021. However, the company announced a revenue growth to £95.2 million compared to £79 million in the previous year, with 11% driven by organic increases […]

The post FRP Advisory Group pre-tax profits slide to £15.1m, revenues grow to £95.2m in FY 2022 appeared first on UK Investor Magazine.

Mirriad Advertising shares tumbled 41.6% to 8.6p in late afternoon trading on Friday after its HY1 revenue was almost halved to £577,000 from £1.1 million year-on-year. The company attributed its lower revenues to the “seasonal nature of key advertising markets” and its present sales pipeline, with higher revenues projected for HY2. Mirriad Advertising reported an […]

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Titon Holdings shares were down 8% to 75.8p in late afternoon trading on Friday on the back of continued margin erosion due to cost inflation, alongside shortages in raw materials and components in FY 2021/2022. The firm said it would instigate price increases for its products in a move to mitigate the effects of the […]

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Retail sales across the UK fell 0.1% in June, according to the latest figures from the Office of National Statistics (ONS). The organisation also downgraded its retail figures in May to a 0.8% drop from its initial estimate of 0.5%. “The bottom lines is people are buying less. Big ticket items are being put on […]

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JTC shares increased 4.7% to 744p in late morning trading on Friday after the professional services group announced an 8% to 10% revenue growth in HY1 2022, in line with management guidance. The company highlighted an underlying EBITDA margin of 33% to 38%, with margin progression compared to HY1 2021 as JTC mitigated the impact […]

The post JTC revenue grows 8-10%, M&A pipeline remains active on new business acquisitions appeared first on UK Investor Magazine.

Homeserve shares were flat in late morning trading on Friday following a report of trading in line with management expectations in the group’s latest trading statement. The home insurance firm highlighted good business progress in North America and EMEA, along with high policy retention rates and strong maintenance in customer service levels. Homeserve confirmed the […]

The post Homeserve trading in line with expectations, £4bn Bidco acquisition on track appeared first on UK Investor Magazine.

Beazley shares gained 8.2% to 516.5p in early morning trading on Friday after the company reported its best HY ratio combined since 2015 of 87% as a result of high underwriting performance. However, Beazley announced a pre-tax profit decrease to $22.3 million for HY1 2022, compared to $167.3 million in HY1 2021, on the back […]

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BT Group shares rose 0.3% to 181.6p in early morning trading on Friday, after BT Group announced the Competitions and Markets Authority (CMA) had approved a joint-venture between the company and Warner Bros to create a new sports offering for the UK and Ireland. The approval is set to allow BT and Warner Bros to […]

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Fonix Mobile shares rose 4.5% to 159.9p in late afternoon trading on Thursday on the back of a 16.5% revenue growth to £13.2 million in FY 2022 compared to £11.3 million in FY 2021. The company announced a 16.3% increase in adjusted EBITA to £10.3 million against £8.8 million in the previous year. Fonix Mobile […]

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Intelligent Ultrasound Group shares fell 2% to 14.2p in late afternoon trading on Thursday following a reported 60% anticipated revenue climb to £5.6 million in HY1 2022 compared to £3.6 million in HY1 2021 as a result of strong performance in UK stimulation sales. The firm commented its stimulation related revenues from its direct sales […]

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Cambridge Cognition Holdings shares gained 11.2% to 120.1p in late afternoon trading on Thursday after the company announced a 31% revenue growth to £5.9 million in HY1 2022 compared to £4.5 million in HY1 2021. The brain health digital solutions firm reported a 44% climb in like-for-like sales to £7.2 million in HY1 against £8.6 […]

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The FTSE 100 was down 0.3% to 7,240.4 in early afternoon trading on Thursday as the commodities-heavy index fell on miners and consumer goods, marking a downturn after the FTSE 100’s string of good luck last week. “Overall, the FTSE 100 tried its best to push ahead at the market open, but momentum was quickly […]

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Dunelm Group shares gained 5.3% to 870.5p in early afternoon trading on Thursday after the company reported a 16% year-on-year increase in total sales to £1.5 billion in FY 2022. The homewares retailer said digital sales made up 35% of total sales, representing an 11% slide against last year due to Covid-19 restrictions easing and […]

The post Dunelm Group warns on cost of living, appoints Whitbread CEO as non-executive director appeared first on UK Investor Magazine.

Frasers Group shares surged 20.6% to 904.5p in late morning trading on Thursday after the group announced a revenue climb of 30.9% to £4.7 billion in FY 2022 against £3.6 billion in FY 2021 in its FY trading update. Frasers Group highlighted a UK sports retail revenue growth of 31.2% to £2.5 billion compared to […]

The post Frasers Group shares surge on £4.7bn revenue as company swings back to profit appeared first on UK Investor Magazine.

3i Group shares were up 1.8% to 1,219.5p in late morning trading on Thursday following a reported NAV per share growth to 1,406p in Q1 2023 compared to 1,321p in Q4 2022, along with a total return of 6.6% across the financial term. 3i Group announced 90% of its top 20 private equity companies by […]

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Intermediate Capital Group (ICP) shares increased 0.4% to 1,422.5p in early morning trading on Thursday following a 3% increase in assets under management (AUM) to $71.3 billion over Q1 and a 19% rise over the past 12 months. The company reported a third-party fee-earning AUM of $58.8 billion, representing a 5% growth over Q1 and […]

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SSE shares were down 0.8% to 1,748p in early morning trading on Thursday after the company announced a performance that “slightly exceeded” expectations in its Q1 2023 trading update. The energy group reiterated its guidance of an EPS of at least 120p per share for FY 2023, along with a projected adjusted capital expenditure and […]

The post SSE performs slightly above expectations in Q1, SSEN Transmission disposal eyed for end of 2023 appeared first on UK Investor Magazine.

The FTSE 100 closed down 0.4% to 7,276 in on Wednesday as UK inflation hit a fresh record of 9.4%, dampening investor appetite for consumer-focused stocks and stoking recession fears. A warning from the EU that Russian gas could also be cut off also rattled markets. Food and fuel were the largest contributors to inflation, […]

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Artisanal Spirits Company shares increased 2.9% to 56.1p in late afternoon trading on Wednesday after the firm noted confidence in doubling its revenue between 2020 and 2024 in its HY 1 2022 trading update. The group reported a 25% revenue growth to almost £10 million compared to £7.9 million in HY1 2021, with Artisanal Spirits […]

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Sutton Harbour Group shares were up 5.1% to 20.5p in late afternoon trading on Wednesday after the company swung to a pre-tax profit of £366,000 in FY 2022 from a loss of £162,000 last year. Sutton Harbour Group announced a climb in net asset value to £56.2 million from £47.1 million, representing a 43.3p NAV […]

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Premier Foods shares gained 1.2% to 112p in late morning trading on Wednesday after the firm announced a 6% growth in Q1 group sales year-on-year and a 4.2% growth in branded sales. Premier Foods confirmed its Batchelors and Nissin brands performed well, with an increase in value meal sales as the cost of living crisis […]

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Antofagasta shares gained 0.3% to 1,050p in late morning trading on Wednesday following a reported 6.5% fall in copper production to 129,800 tonnes. The decline was linked to the Antofagasta’s previously announced concentrate pipeline incident at Los Pelambres, which reduced reported production by approximately 23,000 tonnes. The pipeline resumed operation by the end of Q2, […]

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UK inflation hit another 40-year high in June with a rise to 9.4% as crushing fuel and food prices pushed the cost of living higher, according to the latest figures from the Office of National Statistics (ONS). “Rising food and fuel costs have kept inflation red hot this month. This is intensifying the pressure on […]

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Royal Mail shares were down 4.4% in early morning trading on Wednesday following a reported 11.5% slide in Q1 revenue. The firm highlighted weakening retail trends, lower test kit volumes and a return to structural decline in letters as reasons for its fall in revenue over the term. Royal Mail confirmed an adjusted operating loss […]

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In The Style Group shares tumbled 34.9% to 48.5p in late afternoon trading on Tuesday after the fashion group announced an 85% drop in adjusted EBITDA to £551,000 in FY 2022 against £3.7 million in FY 2021. The retailer swung to a pre-tax loss of £1.5 million from a pre-tax profit of £100,000 in the […]

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Tissue Regenix Group shares were up 2.4% to 0.5p in late afternoon trading on Tuesday following confirmation of strong trading in line with management expectations in HY1 2022, with a revenue climb of 25% to $11.8 million against HY1 2021. The company announced its board was confident of meeting its FY 2022 expectations. Tissue Regenix […]

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Kodal Minerals shares rose 1.1% to 0.2p in late afternoon trading on Tuesday after the company announced a widened group loss before other comprehensive income of £903,000 in FY 2022 against £623,000 the last year. The West Africa-focused gold and lithium mining group reported a 370% climb in exploration and evaluation expenditure of £2.5 million […]

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The FTSE 100 jumped on Tuesday and traded at the highest level since the start of July as investors reacted to mixed corporate news and prepared for earnings from US stocks. The FTSE 100 bounced back from overnight jitters in US markets as earnings season begins the heat up. “Speculation that Apple may slow hiring […]

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IHP Group shares were down 3.4% to 240.4p in late morning trading on Tuesday following a reported £1.7 billion in gross inflows and £1 billion in net inflows over Q3 2022. The firm highlighted its gross and net inflows for the financial year remained ahead of the previous year comparative. IHP Group confirmed an average […]

The post IHP Group to hire 50 IT staff between 2022-2023, announces £1.7bn gross inflows appeared first on UK Investor Magazine.

Liontrust Asset Management shares rose 0.5% to 909p in late morning trading on Tuesday after the group reported a 2.1% growth in assets under management and advice (AuMA) to £34.2 billion on 30 June 2022 in its trading update. The company attributed £5.1 billion in new AuMA to its acquisition of Majedie Asset Management, which […]

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Real term total pay fell by 0.9% and real term regular pay fell by a record 2.8% over the last year, according to the latest figures from the Office of National Statistics (ONS). Inflation is currently at a 40-year high of 9.1% and set to climb to 11% by October this year, placing UK consumers […]

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Darktrace shares gained 3.2% to 353.1p in early morning trading on Tuesday after the AI cybersecurity firm reported a 48% growth in revenue in FY 2022 against FY 2021 in its latest trading update. The company announced a 32% rise in customer numbers of 500, resulting in 7,400 total customers across its base. Darktrace confirmed […]

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4imprint Group shares soared 10.7% to 2,692.1p in early morning trading on Tuesday following the company’s reported confidence in hitting its $1 billion revenue target for FY 2022 in its HY1 trading update. The marketing group announced a 14% climb in total order counts across North America in the period against HY1 2019, alongside a […]

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The FTSE 100 gained on Monday after oil companies and commodities pulled the market higher. Shell and BP shares gained 2.7% to 2,045p and 3.4% to 386.1p, respectively, as the price of oil rose after talks between the US and Saudi Arabia failed to spark an increase in output supply, with benchmark Brent Crude reaching […]

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OnTheMarket shares rose 2.6% to 88.9p in late afternoon trading after the firm announced London estate agency Foxtons had signed an agreement to advertise its UK residential sales and letting properties on the company’s site. Foxtons is set to list its properties on OnTheMarket.com, and will reportedly add value to OnTheMarket’s client offerings, according to […]

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Northern Bear shares fell 9.2% to 53.2p in late afternoon trading following a reported cautious outlook on rising costs for construction materials going forward. The company announced a narrowed pre-tax loss of £879,000 against £1.6 million the year before, alongside a 24% revenue increase to £61.1 million compared to £49.2 million. Northern Bear highlighted an […]

The post Northern Bear warns on rising costs, announces 24% revenue increase appeared first on UK Investor Magazine.

GSK announced the completion of its Haleon consumer healthcare business demerger on Monday to form the new Haleon Group in the biggest European market listing in a decade. The Haleon Group’s shares were admitted at 8am today to the Premium Listing segment of the Official List and to trading on the Main Market of the […]

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EQTEC shares gained 1.4% to 0.4p in late morning trading on Monday after the company announced its selection of Petrofac as its front-end engineering (FEED) design contractor for its waste-to-energy project at Haverton Hill, Billingham. EQTEC and Petrofac have worked together since 2021 on pre-FEED work, including a review by Petrofac of EQTEC’s technology, resulting […]

The post EQTEC selects Petrofac for FEED contract in Haverton Hill project appeared first on UK Investor Magazine.

Euromoney shares rose 9.1% to 1,450.6p in late morning trading on Monday following a 52% growth in Q3 revenue to £119.7 million year-on-year, exceeding management expectations. The firm reported a 5% rise in underlying subscriptions growth and a 115% increase in events, with a £44.1 million events revenue against £12.3 million in Q3 2021. Euromoney […]

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Direct Line Insurance Group shares tumbled 12.3% in early morning trading following volatile market conditions, leading to severe claims inflation above priced-in levels for the company at overall motor claims severity inflation of approximately 10% in the year-to-date. The insurance firm commented its HY1 2022 current year motor loss ratio was expected to be in […]

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WPP shares were up 0.7% to 804.4p in early morning trading on Monday after the company announced its acquisition of Latin American ecommerce agency Corebiz for an unspecified amount. WPP stated the acquisition would strengthen its digital commerce capabilities in South America as a part of the VMLY&R COMMERCE global network. The agreement follows WPP’s […]

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The FTSE 100 closed 1.5% higher at 7,151.2 on Friday as investors piled into defensive sectors providing reliable dividends. “On the UK market, the FTSE 100 was propped up by oil, tobacco, pharmaceutical and banking stocks. All four of those sectors are known for generous dividends, suggesting that investors may be looking for safety in […]

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DP Poland shares rose 4.4% to 6% in late afternoon trading on Friday after the firm announced a like-for-like systems sales increase of 23.5% in June 2022 against June 2021. The Dominos Pizza Polish arm reported a 55.8% growth in dine-in sales year-on-year, alongside a 9.6% delivery like-for-like system sales rise, despite a resurgence in […]

The post DP Poland LFL sales increase 23.5% in June, appoints new executive Nils Gornall appeared first on UK Investor Magazine.

Fevertree shares tumbled 26.3% to 883p in early afternoon trading on Friday after the drinks company announced a revised FY 2023 EBITDA between £37.5 to £45 million, down from £63 million to £66 million. The drinks producer reported a significant worsening of cost headwinds in the last few months, predominantly linked to freight and glass […]

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China’s economy saw a significant slowdown in Q2 2022, coming in significantly below expectations with a 0.4% growth compared to a 1.2% forecast and sparking recession fears across the globe. The figures mark the country’s most devastating performance since Q1 2020, which saw China’s economy shrink 6.9% as the first wave of Covid-19 hit Wuhan. […]

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Rio Tinto shares declined 2.8% to 93.2p in early morning trading on Friday, after the company reported a weakened economic outlook as a result of the Ukraine war, tighter monetary policy and Covid-19 restrictions in China. The mining group acknowledged prices for its commodities fell over the period, linked to rising recession concerns and a […]

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Burberry shares fell 5.6% to 1,555p in early morning trading on Friday after the fashion company announced its Q1 2023 sales suffered from the impact of lockdowns in Mainland China in its latest trading update. The retailer reported a 1% increase in store sales compared to a 90% rise in Q1 2022, with the lockdowns […]

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Lloyds has remained a darling of UK investors despite the crushing cost of living crisis and ongoing recession alarm bells. With market commentators increasingly suggesting there may be a recession on the horizon, how much could Lloyds shares be capped in the short-term by a period of economic contraction in the UK? The Lloyds share […]

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Trustpilot Group shares plummeted 21.8% to 73.3p in late afternoon trading on Thursday despite a reported 25% total revenue climb at constant currency to $73 million in HY1 2022 against $62 million in HY1 2021 in its latest trading update. The group confirmed an annual recurring revenue (ARR) rise of 23% to $149 million compared […]

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SSP Group shares were down 2.5% to 230.9p in late afternoon trading on Thursday after the travel food firm announced a revenue climb to 87% of 2019 levels in its Q3 2022 trading update. The group reported its revenue was driven by an ongoing recovery in passenger numbers and longer passenger presence times in markets. […]

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Dr Martens shares were up 0.1% to 240.8p in late afternoon trading after the footwear company reported its trading was in line with market expectations. The firm announced in its Q1 2023 trading update that Ecommerce was in line with Q4 2022, with a continued recovery in retail. Dr Martens mentioned an increase over 85% […]

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The FTSE 100 was down 0.7% to 7,099.8 in midday trading on Thursday after commodities prices fell and dragged mining groups down. Anglo American shares declined 3.5% to 2,590p, Antofagasta dropped 1.2% to 1,029p, Endeavor slid 0.7% to 1,643.5p, Fresnillo fell 1.5% to 673.8p, Glencore decreased 1.9% to 410.3p and Rio Tinto sank 3.1% to […]

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Severn Trent shares were down 0.3% to 2,827p in late morning trading on Thursday following an announcement that the group expected at least £50 million in customer ODI outperformance payments in FY 2023 in its trading update. The utilities company reported a rise in operating costs outlined in its technical guidance, in particular for its […]

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Barratt Developments shares were down 0.9% to 460.9p in late morning trading on Thursday, after the company announced an underlying pre-tax profit slightly ahead of market expectations between £1.05 billion and £1.06 billion in its FY 2022 trading update. The housing developer reported a return to pre-pandemic completion levels, with 17,908 completions over the financial […]

The post Barratt Developments expects FY 2022 profits slightly ahead of market expectations on higher house prices appeared first on UK Investor Magazine.

Experian shares were up 1.5% in early morning trading on Thursday after the company reported a 7% revenue growth at actual exchange rates and a 9% rise in constant exchange rates in its Q1 2023 trading update. “We grew strongly in Q1, in line with our expectations, underpinned by our portfolio diversity and growth initiatives,” […]

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Anglo American shares were down 1% to 2,657p in early morning trading on Thursday following its announced partnership with Nippon Steel to decarbonise the steelmaking process. The two companies reportedly signed a Memorandum of Understanding (MoU) in a move to research methods to optimise premium lump ore produced by Anglo American’s mines to decrease emissions […]

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Loungers shares gained 3.2% to 188.5p in late afternoon trading on Wednesday after the group announced a record revenue surge of 203% to £237.2 million compared to £78.3 million in FY 2022. The company reported an adjusted EBITDA rise to £53.6 million against £13.9 million, along with an adjusted EBITDA margin of 22.6% from 17.8%. […]

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The FTSE 100 was down going into the close Wednesday despite a reported 0.5% growth in the UK economy over May, according to figures released by the ONS today. However, the real driver of markets of Wednesday was the higher than expected US CPI reading that rose to 9.1%. “If anyone had been harbouring hopes […]

The post FTSE 100 falls as US inflation hits 9.1% appeared first on UK Investor Magazine.

Renold shares were down 3.1% to 27.2p in late afternoon trading on Wednesday following a reported revenue of £195.2 million in FY 2022 against £160.8 million in FY 2021. The industrial components company announced an adjusted operating profit of £15.3 million compared to £10.9 million the last year, alongside a 7.8% return on sales from […]

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Computacenter shares were down 2.4% to 2,432p in late afternoon trading on Wednesday after the group announced its acquisition of US value-added reseller Business IT Source for an unspecified figure. Computacenter confirmed Business IT Source listed a revenue of $245 million with an EBIT of $8.9 million in FY 2021 The company reportedly employs approximately […]