Trainline shares have jumped on its debut on the London Stock Exchange, valuing the company at £1.68 million. The rail and coach travel platform is floating 56.5% of the business, raising £951 million from selling existing shares and £110 million from issuing new shares. Trainline have said that the funds raised would be directed at […]

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Barclays’ former chief executive John Varley was acquitted of conspiracy to commit fraud on Friday. The Court of Appeal declined an application by the Serious Fraud Office (SFO) to overturn the original decision, which concluded that there was insufficient evidence to charge Mr Varley. The appeal was upheld against three defendants, Roger Jenkins, Tom Kalaris […]

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150,000 companies are ‘not fully ready’ for the advent of a no-deal Brexit, Mark Carney has said. The Bank of England (BoE) Governor said that various businesses are yet to fill out paperwork to ensure that they can continue exporting to the EU, should a no-deal Brexit scenario occur. “Business will be reliant on what […]

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Bank of Scotland has been fined £45.5 million by the city watchdog for failing to report suspicions of fraud at its Reading branch back in 2007. The Financial Conduct Authority (FCA) said that although the Bank of Scotland identified suspicious activity in 2007, it did not alert regulators until 2009. Explaining the penalty, the FCA […]

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The Conservative leadership race is reaching its final stages, with Sajid Javid knocked out in the fourth round. The Home Secretary received the least amount of votes, with 34 votes, leaving behind three other contenders. Foreign Secretary Jeremy Hunt fell to third place with 59 votes, whilst Environment Secretary Michael Gove slipped into second place […]

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The Bank of England (BoE) has opted to leave interest rates on hold after downgrading its growth forecast for the economy. The BoE’s monetary policy committee voted unanimously to keep rates at 0.75%, in a widely expected decision. It also downwardly revised growth forecasts for the UK economy, citing Brexit uncertainties and global trade wars […]

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Dunelm has raised its annual profit forecast for the second time in two months. The homeware retailer said that it now expects profit before tax for the year to be in the range of £124-126 million, compared to £102 million the year before. This was attributed to ‘unseasonably favourable weather conditions’ resulting in strong like-for-like […]

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Monsoon Accessorize is hoping landlords will agree to its rescue plan, as it struggles to compete amid an increasingly difficult trading environment for retailers. Monsoon Accessorize owner Peter Simon has agreed to share a portion of up to £10 million of future with landlords and creditors, in a bid to secure approval for seeking a […]

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Donald Trump formally launched his re-election bid in Florida on Tuesday, as he looks to the election in 2020. The Republican President chose Orlando for the rally, drawing large crowds despite a controversial three years in office. Florida is a key battleground state for an election, given its swing state status. Trump is also a […]

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British Airways owner IAG has signed a letter of intent to place a large order for 737 Max planes, in a massive boost to Boeing. Boeing is currently developing a software fix for its 737 Max planes, after two deadly crashes led to the planes to be grounded worldwide. In March, an Ethiopian Airlines flight […]

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AstraZeneca shares rallied on Tuesday after company revealed it had received approval from the European Union for its Lynparza drug. The British-Swedish pharmaceutical company said the drug, which has been developed to treat advanced ovarian cancer, will become available in the EU thanks to the approval. Dave Fredrickson, Executive Vice President, Oncology Business Unit, commented: […]

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Sotheby’s (NYSE:BID) has been sold for $3.7 billion to French billionaire Patrick Drahi, it was announced on Tuesday. The art auction house has been publicly listed on the New York Stock Exchange since 1977. Mr Drahi made his fortune in telecommunications and media, having found the Altice group. Drahi is also known to be an […]

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Old Mutual announced that it had terminated the contract of its chief executive Peter Moyo on Tuesday. Explaining the decision in a statement, the company referenced a conflict of interest involving NMT Capital, an investment group which was co-founded by Mr Moyo. In the meantime, chief operating officer, Iain Williamson, has been appointed as interim […]

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Facebook (NASDAQ:FB) is set to launch a cryptocurrency in 2020, it was announced on Tuesday. The currency, which is set to be called Libra, will be available for use on Facebook apps such including WhatsApp and Instagram. It will be stored in a digital wallet named Calibra, which is set to be available as an […]

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Iofina announced it is set to explore producing and developing CBD oil and other hemp-based products on Thursday. The company said it had received conditional approval for its Hemp Processor/Handler License Application from the Kentucky Department of Agriculture. The will allow the company to explore the production of cannabidiol based products as part of its […]

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PwC has been fined £4.55 million over the conduct of its audit of Redcentric. PwC was dealt the fine by The Financial Reporting Council (FRC), the UK’s audit regulator. The FRC had initially fined the auditor £6.5 million, however it was reduced after PwC publicly apologised for its mistakes. The council also imposed sanctions against […]

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Tesco (LON:TSCO) reported a slowdown in sales growth in the first quarter in a trading update on Thursday. The UK’s largest supermarket said that like-for-like sales increased 0.4% year-on-year in three month period until 25 May. This marked a slowdown from 1.7% reported for the previous quarter. Meanwhile, total sales slipped by 0.4%, impacted by […]

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Majestic Wine reported its results for the full-year, swinging to a £8.5 million loss, amid a “tough market”. The specialist wine retailer revealed that group revenue rose 6.3% to 506.1 million during the 52-week period to April 1. Nevertheless, Majestic Wine ultimately reported a loss, down from a £8.3 million profit the year before. This […]

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Arcadia avoided collapsing into administration this week after landlords and creditors voted in favour of Sir Philip Green’s rescue plan. The restructuring deal will see Arcadia close 48 stores, costing thousands of jobs. It will also mean rents for its locations will be cut by as much as 70%. However, this aspect of the deal […]

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It has proved a busy week for the Tory party and Westminster, with various Conservative leadership hopefuls launching their official campaigns. So, what have some of the key contenders promised thus far? Boris Johnson Boris Johnson is widely considered the favourite to succeed May, with an estimated 79 MPs backing him so far. This means […]

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The UK government has become the first G7 nation to write into law a target for “net zero” emissions. The term “net zero” means that means the UK’s emissions will have to be halted, or offset by methods such as planting trees. The target will mean the UK will need to cut greenhouse gas emissions […]

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Facebook (NASDAQ:FB) has announced that it will create 500 new tech jobs in the capital by the end of the year. The social network also said that it would employ more than 3,000 people in London by the end of the year. Facebook’s investment into the capital will prove a welcome development for post-Brexit Britain. […]

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Lidl unveiled a plan to invest £500 million into opening new stores across London on Wednesday. The supermarket chain intends to open 40 new stores over the next five years, creating 1,500 jobs. Lidl also has plans to open its first central London store on Tottenham Court Road, near to Warren Street tube station. Christian […]

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Crest Nicholson reported a fall in profits in its half-year results for the six months to April 30. The house builder said that revenue rose by £501.9 million, compared to £467.6 million the year before. However, profit before tax fell 11% to £64.4 million, as flat pricing and building cost inflation impacted margins. The company’s […]

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Sainsbury’s announced the appointment of a former Royal Bank of Scotland (RBS) executive as head of its banking unit. The UK’s second largest supermarket unveiled Jim Brown as chief executive of its bank. Brown is set to assume the role on 19th of June, following a short handover with his predecessor, Peter Griffiths. Alongside RBS, […]

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Quiz reported its preliminary full-year results for the year to March-end, sending shares lower during Tuesday trading. The fashion firm said that revenue for the year was £130.8 million, up from £116.4 million the year before. Quiz said that it achieved growth across all its channels, including online, international and concessions. However, a decline is […]

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Salesforce have agreed to buy Tableau Software for $15.7 billion in an all-stock transaction, it was announced on Monday. The move will allow the cloud software company to further its data management and analytics services. Tableau Software is interactive data visualisation firm with more than 86,000 customers including Verizon and Netflix (NASDAQ:NFLX). As part of […]

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Ocado has invested £17 million in a vertical farming venture, as it looks to diversify its online grocery service. The funds will go towards acquiring a 58% stake in Jones Food Company, a Scunthorpe-based vertical farming company, which is the largest in Europe. Vertical farming is the process of producing food in vertically stacked layers. […]

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The UK and South Korea have agreed a free trade deal, maintaining existing trade relations in the event of Brexit. The deal is the first post-Brexit trade deal that the UK has secured in Asia. It will allow Britain to continue to trade with South Korea, even in the event of a no-deal. In a […]

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Thomas Cook confirmed it has received a takeover approach from Fosun, a Chinese tour business. In a statement released on Monday, the travel company confirmed the approach from Fosun: “Thomas Cook confirms that it is in discussions with Fosun following receipt of a preliminary approach. There can be no certainty that this approach will result […]

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Sativa Investments (LON:SATI) announced it had entered a commercial offtake agreement with a Swiss supplier of cannabis oil on Friday. Alponics SA will provide Sativa with CBD distillate and isolate until the end of 2022. Geremy Thomas, founder and Chief Executive Officer of Sativa Investments, said: “This commercial agreement with Alponics further advances our smart-sourcing […]

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Theresa May stepped down as leader of the Conservative party on Friday, clearing the way for her successor. Theresa May will continue on as Prime Minister until a new leader has been chosen by the party in July. She announced her resignation two weeks ago after eventually bowing to intense pressure from party faithfuls and […]

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The Financial Conduct Authority (FCA) is set to ban banks from charging high overdraft fees, as part of a radical reform to the industry. Under the measures, banks will no longer be able to charge steeper prices for un-arranged overdrafts than for arranged overdrafts. The FCA has also moved to ban fixed fees for borrowing […]

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CVC Credit Partners European Opportunities announced on Friday that it has raised £23.7 million as a result of a share placing. The company said that a total of 21,945,963 shares have been issued at the placing price of £1.0795 per share, which will be listed on the main market of the London Stock Exchange. The […]

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Amino Technologies shares rallied on Thursday after the company posted a trading update on the six months to end of May. The technology solutions specialist said that revenues for the first half of 2019 expected to be approximately $35 million. Net cash at the end of May totalled $19.3 million, which the firm said reflected […]

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The European Central Bank (ECB) have opted to leave rates unchanged until 2020. The central bank have opted to prolong raising rates, amid concerns over inflation, geo-political uncertainties such as protectionism, as well as vulnerabilities in emerging markets. In addition, the governing council said it had opted to continue reinvesting the principal payments from maturing […]

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The car industry was dealt another blow on Thursday after it was announced that Ford is set to close its Bridgend plant in 2020. Ford is just one of many car manufacturers to close it doors, amid falling sales and Brexit-related uncertainty. The American automaker employs 1,700 people in the UK. In February, Honda announced […]

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Highlands Natural Resources announced it has raised £525,000 to further develop its cannabis venture, Zoetic. The company said that members of the Schrader family have subscribed for 1,000,000 new ordinary shares, priced at 10 pence each. The Schrader family own Schrader Oil Co., which is the operator of the convenience stores that will soon stock […]

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Joules published a trading update on the 52-week period until 26 May, sending shares up during Thursday morning trading. The retailer said that group revenue rose 17.2% to £218 million during the course of the year. Specifically, the company said that wholesale revenue, which was up by 2.9%, was boosted by strong growth in international […]

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Sir Philip Green’s Arcadia empire has been thrown into doubt today, as it awaits a vote on a proposed restructuring deal. The retail group was dealt a blow after sources revealed that Intu, the owner of various shopping centres, would oppose the plan. Intu is expected to vote against a proposed company voluntary arrangement (CVA) […]

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Card Factory reported a rise in sales for the first quarter of 2019, despite a challenging trading environment for UK retailers. According to the trading update, the first quarter saw total Group sales growth of 6.4%. Like-for-like sales were up 2.3% during the quarter, boosted by the opening of 14 net new stores. Card Factory […]

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BT is set to close more than 270 of its locations across the UK, as the company looks to streamline costs in the years ahead. The telecommunications giant said it will reduce its 300 offices to just 30 as part of its ‘Better Workplace Programme’. Nevertheless, Ipswich, Edinburgh, Belfast, Birmingham, Bristol, Cardiff, London and Manchester […]

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Tiffany reported a fall in sales for the first quarter of the year, as lower tourist spending impacted profits. The New York jewellery company said global sales fell by 3% to $1 billion (£787 million) for the three months until the end of April. Tiffany revealed that net earnings totalling $125 million marked a 12% […]

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Gooch and Housego reported its interim results for the six months to March-end on Tuesday, with shares falling on the back of the announcement. The company, which specialises in manufacturing optical components and systems, warned that full-year profits would be between £3.5 million and £4 million. Whilst revenue for the period grew by 7.4%, the […]

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888 issued a trading update for the period from 1 January to 18 May on Tuesday, causing shares to rise. The online gaming company said that group revenue climbed 6% on a like for like basis, and 2% increase on a reported basis. 888 attributed this to increased marketing investment, alongside the launch of the […]

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Intu announced the appointment of Robert Allen, formerly at Crest Nicholson, as its new chief financial officer. Intu confirmed that Allen would assume his role as of Monday 10 June of this year. Before his two years at Crest Nicholson, he held a number of senior finance roles at British American Tobacco Plc. Chief Executive […]

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The Green Organic Dutchman, a Toronto-based cannabis company, announced on Thursday the distribution of SpinCo Unit warrants to elected shareholders. The warrants will be distributed to shareholders that elected to receive them following a February news release from the firm. This is set to take effect next week on the 3rd of June. The company […]

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FirstGroup announced on Thursday it is looking to sell its Greyhound buses business in the US. The Aberdeen-based transport company also said that it is considering spinning off its UK bus business, First Bus, which it said it has “concerns with the current balance of risk and reward”. FirstGroup revealed the decision in its final […]

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De La Rue shares plunged more than 20% on Thursday after the company released its full-year results. The British security printing company also announced the departure of its chief executive, Martin Sunderland. De La Rue said that profit before tax collapsed by 78% to £25.5 million for the year to March-end, compared to £113.6 million […]

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Premier Foods announced the departure of the chairman following the company’s annual general meeting in July. The British food manufacturer said that the group’s chairman Keith Hamill is set to depart as of the 19th of July, following almost two years in the role. Premier Foods said that a recruitment process for finding a new […]

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Daily Mail and General Trust reported its half-year results for the six months to 31 March 2019. The media group said that statutory pre-tax profits fell to £50 million from £113 million the year before. Meanwhile, revenue also dipped 3% to £724 million. This was blamed on lower revenue streams from advertising and due to […]

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Trainline is looking to raise £75 million in a share listing on the main market of the London Stock Exchange. The online rail ticket platform said it would be listing 25% of its shares, with the IPO set to take place in June. Trainline, which is owned by private equity group KKR, said that it […]

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Aveva (LON:AVV) published its results for the year to the end of March on Wednesday. The multinational information technology firm reported a 11.9% rise in revenue to £775.2 million, alongside a 19.8% growth in adjusted earnings to £184.5 million. Meanwhile, recurring revenue as a percentage of overall grew to 54.3% up 51.6% the year before. […]

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easyHotel reported its interim results on Wednesday, swinging to a loss amid the temporary closure of its Old Street location and higher depreciation at new hotels. The budget hotel operator revealed a loss before tax of £0.12 million for the six months to March-end, down from £0.09 million. The company also said it had invested […]

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Telford Homes reported its final results for the year ending 31 March, sending shares downwards on Wednesday. The house builder said that revenue for the year was up 12% to £354.3 million, compared to £316.2 million. This was attributed to a strategic increase in build to rent developments from 21% to 31%. However, profits for […]

The post Telford Homes profits slide amid London property slowdown appeared first on UK Investor Magazine.

Flybe announced the departure of its chief executive Christine Ourmières-Widener on Tuesday. Christine Ourmières-Widener will stand down as chief executive on 15 July following Flybe’s sale to Connect Airways, a consortium founded by Virgin Atlantic, Stobart Aviation and Cyrus Capital Partners. The airline was sold to the consortium for £2.8 million after weeks of speculation. […]

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Highlands Natural Resources announced today it is collaborating up with analytical chemist Stephen Goldman to develop its cannabinoid business, Zoetic. The company said that it is teaming up with Goldman to ‘examine, develop and file patents and other intellectual property on behalf of Company’ relating to agricultural genetics, pharmaceutical and wellness products based involving cannabinoids. […]

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Galliford Try has rejected a £950 million takeover bid from rival housebuilder Bovis, sending shares soaring on the back of the news. The house builder confirmed it had received a bid from Bovis, however it said it had rejected the offer after concluding that ‘it does not fully value the Linden Homes and Partnerships & […]

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Paddy Power Betfair announced it is changing its name to Flutter Entertainment as of Tuesday, as it looks to rebrand its expanding business. As a result, the betting company is set to trade under a new stock ticker on both the London Stock Exchange and Euronext Dublin. The name change was first announced back in […]

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The Tory leadership is well and truly underway after Prime Minister Theresa May announced her resignation week last week. After a tumultuous three years as Prime Minister, May took on the challenge of delivering Brexit, a task which many had deemed a ‘poison chalice’. Despite various setbacks, including a reduced majority after the 2017 election, […]

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EU Elections 2019: It proved a successful night for Nigel Farage’s Brexit Party and the Liberal Democrats, with both making gains over Labour and The Conservatives. The Brexit party secured 31.6% of the vote, gaining a total of 29 MEPs, whilst the pro-remain Liberal Democrats followed with 20.3% of the vote, bringing its total MEPs […]

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UK retail sales in April remained flat on March, according to the latest figures from the Office For National Statistics (ONS). Retail sales rose by 1.8% in the three months to April, largely driven by a strong quarter for online sales. Despite remaining unchanged from March, the figures proved ahead of economists expectations of a […]

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The Kenyan capital of Nairobi is a chaotic metropolis, with over 3 million people residing in the city, there’s plenty going on at all junctures. We take a deep look at some of Kenya’s key industries, including the city’s once burgeoning tech sector, alongside some of the latest political developments affecting Kenya. Economy The Kenyan […]

The post Nairobi: Is it still Africa’s ‘Silicon Savannah’? appeared first on UK Investor Magazine.

British Steel entered liquidation on Wednesday, after failing to secure a loan from the government. The collapse places 5,000 jobs at risk, alongside a further 20,000 in the supply chain. Earlier this month the government granted British Steel a £120 million to cover an EU carbon bill. The company had been after additional funds to […]

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Superdry announced the appointment of its interim chief financial officer on Wednesday, sending shares soaring as much as 12% on the back of the announcement. The clothing retailer have appointed Nick Gresham, who is currently chief financial officer at Wiggle, the online sports retailer. Gresham is set to take up the role as of June […]

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Pets At Home (LON:PET) reported its preliminary full-year results for the year to 28 March 2019. The pet supplies retailer revealed that profit before tax dipped 37.7 per cent year-on-year to £49.6 million. Nevertheless, underlying profit before tax rose 6.1% to £89.7 million, compared to 84.5 million the year before. Ultimately, despite the fall in […]

The post Pets At Home shares rise despite 38% fall in profits appeared first on UK Investor Magazine.

Marks and Spencer (LON:MKS) reported its full-year results for the year ending 30 March 2019. The retailer said that group revenue fell 3% to £10,377.3 million, compared to £10,698.2 million the year before. Pre-tax profits fell 9.9% to £523.2 million, down from £580.9 million a year before. Meanwhile, like-for-like sales were also down 2.9%. The […]

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Theresa May is set to reveal the details of her new Brexit deal later today, following a three-hour meeting with her cabinet. The Prime Minister is expected to give a speech at 4PM to outline the “bold” new plan. The revised deal is expected to cover workers’ rights, environmental protections, as well additional provisions relating […]

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British Steel is reportedly at risk of collapsing into administration this week, as it looks to the government for a potential rescue. The UK’s second largest steel maker is hoping to secure £75 million from the government to avoid bankruptcy. The company has roughly 5,000 employees, predominately based in its Scunthorpe plant in North Lincolnshire. […]

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Jamie Oliver’s restaurant chain is set to fall into administration later today, placing 1,300 jobs at risk. The restaurant group, which operates 23 Jamie’s Italian locations, has been struggling to find buyer amid an increasingly difficult few years of trading. It is understood that KPMG will handle the administration process. Oliver’s Fifteen London and Barbecoa […]

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Shoe Zone reported its interim results for the six months to 30 March, with profits remaining flat. The high street shoe retailer reached revenues of £73 million, down from £73.7 million posted during the same period in 2018. Nevertheless, product gross margins increased to 62.0%, compared to 60.6% a year ago. Meanwhile, the company reported […]

The post Shoe Zone half-year revenue down, shares fall appeared first on UK Investor Magazine.

The Restaurant Group (LON:RTG) published a trading update ahead of the group’s annual general meeting on Friday. The casual dining restaurant operator said revealed that current trading remained ‘in line with our expectations’, with like-for-like sales up 2.8% for the 19 weeks ended 12 May. Total sales were up 57%, driven by the group’s recent […]

The post The Restaurant Group sales boosted by Wagamama acquisition appeared first on UK Investor Magazine.

Brexit cross-party talks have collapsed after the Corbyn told the Prime Minister that ‘they have gone as far as they can’. In a letter released on Friday and addressed to the PM, the labour leader outlined the reasons behind his decision to abandon Brexit talks. Corbyn cited the increased instability of the government, as well […]

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Metro Bank (LON:MTRO) announced it has secured £375 million as a result of a share placing on Thursday. The high street challenger bank surpassed its original target of £350 million amid interest among both existing and new shareholders. The bank had been struggling in recent months after its share price lost 75% of its value […]

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Anglo Asian Mining shares rallied during Thursday trading on the back of a promising set of full-year results for 2018. The AIM-listed mining company reported pre-tax profits of $25.2 million, up from US$5.7 million a year ago. This was as a result of production proving to be at the upper range of the forecasts, at […]

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Burberry (LON:BURB) reported its final results for the year on Thursday, sending shares downwards. The luxury brand said that revenue for the year to March-end was £2.72 billion, broadly flat on figure of £2.73 billion the year before. However, pre-tax profit, climbed 7% to £441 million a reported basis, nevertheless, on a adjusted basis profit […]

The post Burberry annual revenue flat despite turnaround plan appeared first on UK Investor Magazine.

Yu Group shares rallied on Wednesday after the company posted its annual results and said it had reviewed accounting issues discovered in 2018. The energy supplier said that revenue increased by 77% in to £80.6 million in the year to December-end, compared to £45.6 million a year before. The group swung to an adjusted EBITDA […]

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Crest Nicholson updated the market with a trading statement on Wednesday, maintaining its full-year guidance. The house builder said sales per outlet week remained flat on the year before at 0.78 for the first-half of 2019. Total sales value achieved to date and forward sold rose 4.2% year-on-year to £792 million. Meanwhile, net debt and […]

The post Crest Nicholson maintains full-year guidance despite Brexit uncertainty appeared first on UK Investor Magazine.

Kingfisher published a trading update on Wednesday, sending shares downwards on the back of a mixed set of figures. Sales in the UK and Republic of Ireland rose 5% to £1.3 billion during the three months to 30 April, with like-for-like sales up 3.4%. This was on the back of a strong performance at B&Q […]

The post Kingfisher shares fall on mixed Q1 trading update appeared first on UK Investor Magazine.

Whilst often labelled an alternative investment, the art world itself is still steeped in tradition and dominated by a few well-established names or elite insiders. This often makes it seemingly inaccessible to the everyday investor or to a budding creative, striving to make their mark. It can certainly prove a difficult market to crack, but […]

The post Ahead Of The Frame: An Interview with Art Entrepreneur Marine Tanguy appeared first on UK Investor Magazine.

Vodafone opted to cut its dividend by 40%, as the cost of the sale of its Indian arm and the upcoming global 5G network roll-out weighed upon profits. The telecommunications company reported a €7.6 billion (£6.6 billion) loss for the year to March-end. Vodafone said this was primarily due to a loss on the disposal […]

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Greggs has raised its profit forecasts for the third time this year, on the back of the popularity of its vegan sausage roll. In a trading update, Greggs said that total sales jumped 15.1% in the first 19 weeks of 2019, compared to a 4.7% rise during the same period the year before. In addition, […]

The post Greggs shares rally amid profit guidance upgrade appeared first on UK Investor Magazine.

The UK unemployment rate for the first three months of 2019 fell to 3.8%, marking the lowest level since 1974. The Office for National Statistics (ONS) said that the unemployment level fell from 3.9% the previous month. Meanwhile, the UK employment also rate rose to 76.1%. The ONS also said that average weekly earnings in […]

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Uber has placed itself at the lower end of its targeted range at $45 (£34.50) a share, giving it a valuation of $82 billion. The taxi hailing app opted to price its shares at the lower end of its $44 (£33.80) to $50 (£38.40) target amid market concerns over profitability and rival Lyft’s public debut. […]

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Chemring shares rallied on Friday on the back of higher 2019 profit forecasts and amid news of two contract wins. The aerospace technology company said that it expects profits for the upcoming year to be boosted by an earlier than anticipated insurance payout. Chemring also announced its Australian subsidiary had been awarded two ‘significant’ contracts. […]

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Select has fallen into administration, placing 1,800 jobs under threat. The retailer has 169 stores across the UK. The fashion chain has been struggling in recent years amid dwindling sales and an increasingly tough trading environment for UK retailers. Select is owned by Turkish businessman Cafer Mahiroğlu, who bought the chain out of administration back […]

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National Express enjoyed growth across all markets in the UK, US, Germany and Spain for the first quarter of 2019. The multinational transport operator said that group revenue increased by 8.3% on a constant currency basis, and 11.3% on a reported basis. National Express said that ALSA, its Spanish subsidiary, proved particularly strong, with revenue […]

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Highlands Natural Resources shares rose on Thursday after the company updated the market on trading. The natural resources company said that it is advancing its retail strategy for its US cannabidioil venture, Zoetic Organics. It said that demand for CBD is ‘very strong’, with the industry continuing to expand. Highlands Natural Resources said that revenues […]

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Superdry issued another profit warning on Thursday in its trading update for the fourth quarter of the year. The fashion retailer said that whilst group revenue was up 3.6% over the course of the year, full-year profit was likely to be ‘below the range of market expectations’. This was attributed to a weaker performance at […]

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Elegant Hotels reported its interim results for the six months to March-end on Wednesday, sending shares up. The luxury hotel operator said that revenue increased by 3% to $43.7 million, compared to $42.5 million the year before. This was attributed to an ‘encouraging performance’ at Treasure Beach, which the group recently acquired. Elegant Hotels said […]

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Joules has appointed Nick Jones, Asda’s commercial director as its new chief executive, the brand announced on Wednesday. The clothing and homeware retailer said that he will be replacing outgoing CEO Colin Porter, who recently announced his departure after eight years at the helm. Mr Jones is set to join the company towards the end […]

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KPMG has been dealt a £5 million penalty due to failings relating to an audit of the Co-operative Bank. The Financial Reporting Council (FRC) ‘severely reprimanded’ the auditor, alongside one of the firm’s partners Andrew Walker. Mr Walker was fined £125,000 following admission of misconduct relating to the 2009 audit. This was discounted to a […]

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JD Wetherspoon updated the market with a trading update on third quarter trading on Wednesday, sending shares downwards. The British pub operator said that like-for-like sales rose by 7.6% and total sales grew by 8.4%, for the 13 weeks to 28 April. Meanwhile, year-to-date like-for-like sales increased by 6.8% and total sales also climbed 7.6%. […]

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Greatland Gold shares ticked up on Tuesday after the company announced the beginning of its field exploration campaign at Black Hills. The natural resources exploration company said high powered, deep sensing IP survey had commenced at Black Hills, with the aim of ‘extending the strike length of the chargeability anomaly’, which was identified by a […]

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Purplebricks announced the departure of co-founder and chief executive Michael Bruce on Tuesday. The online estate agency said that the Board has appointed Vic Darvey to replace the outgoing chief executive. Vic Darvey previously held the position of chief operating officer at the firm. In the trading update, Purplebricks said that it also intends to […]

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GW Pharma published its results for the first quarter of the year on Monday, sending shares upwards. The British biopharmaceutical company said that revenue for the quarter to March-end was $39.2 million, up from $3 million the year before. GW Pharma also reported a net loss for the quarter of $50.1 million compared to $69.5 […]

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The Bank of England opted to keep interest rates on hold at 0.75% on Thursday, citing the stronger than expected performance of the UK economy. The UK’s central bank said that it now expects growth of 1.5% this year, up from the 1.2% forecast in February. With respect to inflation, the Bank of England said […]

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Paddy Power Betfair (LON:PPB) published a trading update on Thursday, causing shares to fall. The betting firm said that quarter 1 revenue increased 17% year-on-year. This was attributed to driven ‘excellent growth’ in both Australian and US markets. In the group’s sports division, revenue growth was strong at Sportsbet and FanDuel. However, online performance was […]

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Lloyds Bank reported its results for the first three months of the year, missing expectations. Pre-tax profits for the quarter were flat, at £1.6 billion, unchanged from the same period a year ago. This was due to one-off costs and continued Brexit related uncertainty. The bank set aside £339 million for “banking volatility and other […]

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Coca-Cola HBC reported its first quarter results on Thursday, posting a 4.7% rise in revenue. The bottler of the Coca-Cola brand said that volumes increased by 3.5% over the period compared to the same period a year before, despite the impact of a later Easter. In addition, established segment volumes rose by 0.2%, amid growth […]

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Greene King (LON:GNK) published a trading update on Tuesday for the year to April 28th, sending shares downwards. The pub chain said that like-for-like sales for the period were up 2.9%, proving ahead of market expectations. Over the Easter period, like-for-like sales were up 4.6% compared to the same period a year ago. Greene King […]

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Spotify have reached 100 million paying premium users it announced on Monday, sending shares in the Swedish company soaring during morning trading. The music streaming service said that 4 million users subscribed during the first quarter of 2019. Across the period, Spotify also successfully launched in India, taking its presence to a total of 79 […]

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Sirius Minerals reported its preliminary results for the year on Tuesday, causing shares to fall. The fertiliser development company said that total funds at the end of December totalled £290.4 million. Nevertheless, the company reported an annual loss of £12.5 million, widening on a £78.9 million loss the previous year. Sirius Minerals attributed the loss […]

The post Sirius Minerals announces financing plan, shares fall appeared first on UK Investor Magazine.

Sainsbury’s launched the UK’s first till-free store at Holborn Circus on Monday. The UK’s second largest supermarket said that from today customers will be able to pay exclusively using their smartphones through an app. The London location was selected due to the high volume of cashless transactions at the store. Sainsbury’s said that 82% of […]

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Mind Gym shares ticked up on Monday after the company released a positive trading update. The company said that it expects revenue for the full year to be 14% higher than the year before, totalling $42.1 million. Mind Gym said that it also expects adjusted profit before tax to be ahead of the previous year […]

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Anglo Asian Mining shares jumped on Monday after the company announced it had identified multiple new targets at its Gedabek project. The mining company published a summary of its 2018 geological exploration activities at its Gedabek and Gosha contract areas on Monday, sending shares upwards. According to the update, the company completed a 3,385 linear […]

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Jaguar Land Rover is reportedly considering a takeover of private taxi firm Addison Lee. Addison Lee was put up for sale by its owner, Carlyle Group, earlier this month for around £390 million. Should Jaguar Land Rover pursue a take-over, this would see a shift for the company away from its traditional car manufacturing operations. […]

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EU Supply (LON:EUSP) reported its final results on Friday, swinging to a profit for the year. The e-procurement software provider said that revenue grew by 10% to £5.1 million, compared to £4.7 million the year before. Overall, EU Supply posted profits before tax of £0.4 million, compared to a loss of £0.2 million back in […]

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RBS has a reported a fall in profits for the first three months of the year, citing Brexit uncertainty as a key issue. The bank reported a £707 million profit for the quarter, down from £808 million for the same period last year. This proved nevertheless ahead of analyst expectations and this was attributed to […]

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WPP (LON:WPP) published a trading update for the first quarter of the year on Friday, sending shares upwards. The advertising giant said that revenue totalled £3.588 billion for the period, up 0.9% compared with a year ago, and -0.6% on a constant currency basis. Meanwhile, like-for-like revenue fell -1.3% compared with the year before. Net […]

The post WPP sales fall amid client losses in North America appeared first on UK Investor Magazine.

Debenhams (LON:DEB) has announced the closure of 22 stores across the UK, which will place 1,200 jobs at risk. The department store named the locations of the stores on Friday, as it looks to restructure its business. The stores set to close are as follows: Altrincham Ashford Birmingham Fort Canterbury Chatham Eastbourne Folkestone Great Yarmouth […]

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Deutsche Bank and Commerzbank have abandoned merger talks, amid shareholder concerns over the complexities of the proposed move. The two German banks decided not to pursue the merger after it was concluded that it would not provide “sufficient benefits”, creating instead additional costs and risks. Talks between the lenders only begin last month, however, doubts […]

The post Deutsche Bank and Commerzbank merger talks collapse appeared first on UK Investor Magazine.

Taylor Wimpey shares fell on Thursday on the back of the company’s latest trading update. The house builder said that the market for new builds ‘remained stable’ during the first quarter of the year. Taylor Wimpey said demand was driven in large part by continued accessibility to mortgages, low interest rates and high employment levels […]

The post Taylor Wimpey shares fall amid rising costs appeared first on UK Investor Magazine.

Barclays (LON:BARC) reported its results for the first quarter of 2019 on Thursday, sending shares downwards. The British bank said that underlying earnings fell 10% in the first three months of the year to £1.5 billion, from £1.7 billion previously. Whilst profit at its UK arm increased to £0.6 billion up from £0.2 billion a […]

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Boohoo (LON:BOO) reported its final results on Wednesday, posting a 38% rise in pre-tax profits. The online fashion group said that revenue totalled £856.9 million, up 48%. In addition, Boohoo said that it enjoyed strong revenue growth across all markets, with UK up 37% and international up 64%. Gross margin increased to 54.7%, compared to […]

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Snap Inc, the parent company of Snapchat, reported its results for the first quarter of the year, surpassing analyst expectations. According to the update, the company saw operating cash flow rise by $166 million to $66 million during the quarter to March-end. Meanwhile, revenue came in at $1,544 million at March 31, 2019, compared with […]

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Westminster Group shares rose on Wednesday after the company announced it had secured a contract in Asia. The services and technology supplier said the deal involves the provision of ‘advanced container screening solutions’ to two ports in Asia. The contract, which has been under negotiation for several months, entails the provision of advanced screening of […]

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Ascent Resources shares (LON:AST) plummeted on Wednesday after the company announced it had completed a share issue raise. The oil and gas exploration company said it completed an oversubscribed placing of 214,285,714 Ordinary shares of 0.2 pence with various institutional investors. The placing was carried out at a price of 0.35 pence per share, with […]

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Donald Trump‘s postponed UK state visit has been confirmed for the beginning of June. The visit is set to take place over three days beginning on the 3rd of June, Buckingham Palace has confirmed. US President Donald Trump will also meet with Prime Minister May during his visit, as well as visiting Portsmouth to mark […]

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Change UK launched its European election campaign in Bristol on Tuesday, announcing its candidates. Change UK, formerly known as The Independent Group, are running on a pro-remain platform. They also advocate for a second referendum on the issue, a proposal that has been rejected by both the Prime Minister and Labour leader Jeremy Corbyn. The […]

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Fastjet shares ticked up on Tuesday after the company forecast a ‘marginal’ profit for 2019 in a trading update. The low-cost African airline said that despite incurring a loss of $41.2 million in 2018, it expects to deliver a modest profit for the upcoming year, amid various restructuring efforts. During the first quarter of the […]

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Barclays is set to cut bonuses for investment bankers as it looks to keep activist investor Edward Bramson at bay. The British bank is set to cut bonuses at its investment banking division in a bid to streamline costs, ahead of its upcoming annual meeting. This will mean that pay will be more closely tied […]

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Nigel Farage’s Brexit Party is leading European election polls in the UK, according to a survey by YouGov. YouGov said that the former UKIP leader’s new party leads polls with 27% of the vote. This was followed by Labour with 22% of the vote, with the Conservative’s trailing behind with 15%. Meanwhile, the newly formed […]

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Funding Circle (LON:FCH) updated the market on its first quarter on Thursday, sending shares upwards. The peer-to-peer lending platform said that growth was driven by a 44% increase in loans under management, totalling £3.4 billion. Revenues were also boosted by higher transaction yield, largely as a result of new policies in the US, alongside growth […]

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Rentokil Initial (LON:RTO) said it enjoyed a ‘good start’ the year, with acquisitions boosting revenues during the first few months of 2019. The FTSE-100 pest control company said that ongoing revenue rose by 8.9%. Rentokil Initial said that 4% of revenue was derived from organic Revenue growth, whilst 4.9% was from acquisitions. Ongoing revenue at […]

The post Rentokil Initial enjoys ‘good start’ to 2019, shares rise appeared first on UK Investor Magazine.

UK retail sales rose 1.1% in March, as milder weather encouraged shoppers to take to the high street. Retail sales rose in March according to the latest figures from the Office for National Statistics (ONS), despite an increasingly difficult trading environment for the high street in the last few months. This proved ahead of economist […]

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Moneysupermarket.com reported a 19% rise in revenue in its first quarter results on Thursday, sending shares up. The price comparison website said revenues grew to £104.9 million for the quarter ending March 31 2019, compared to £88.3 million during the same period a year ago. Moneysupermarket.com attributed the strong performance to ‘attractive offers’ alongside the […]

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Shares in Advanced Oncotherapy (LON:AVO) rose on Tuesday after the company announced the appointment of a new chief operating officer and President for its US division. The company, which specialises in developing proton therapy for cancer patients, said that Moataz Karmalawy is to assume the role as Chief Commercial Officer and President of its US […]

The post Advanced Oncotherapy shares rise amid COO and President appointment appeared first on UK Investor Magazine.

UK employment hit a record high in February with 457,000 additional people in employment. The latest figures collated by the Office for National Statistics (ONS) revealed that UK employment rate hit 76.1%. Meanwhile, unemployment remains at its lowest rate since records began in the 1970s at 3.9%. This was attributed to more women finding employment, […]

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Galliford Try shares plunged on Tuesday after the company issued a profit warning for the full-year. The construction company also announced it was conducting a ‘strategic review’ into its business to remedy falling profits. As part of the review, the company said it will seek to reduce the size of its construction business. Instead it […]

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Card Factory (LON:CARD) reported its preliminary results for the year to January-end. The high street card retailer said that like-for-like sales fell 0.1%, compared to growth of 2.9% the year before. This was attributed to a drop in footfall across the period. Meanwhile, underlying profits totalled £84.9 million, down from £94 million reported the previous […]

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Cluff Natural Resources shares fell during Friday morning trading after the company announced changes to its board. The oil and gas company announced the departure of its current chairman and former CEO, Algy Cluff. Mark Lappin is set to succeed Mr Cluff as chairman. Prior to his role at the company, Mr Lappin was a […]

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Highland Gold shares fell on Friday after the miner reported its full-year results. Revenue for the year to December end was £311,153, down slightly from the £316,682 reported a year ago. Meanwhile, operating profit rose to £109,186 compared to £102,202 a year before. Earnings before interest, tax, depreciation and amortisation came in at £153,060, falling […]

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Tasty announced it had secured £3.25 million as a result of a share placing on Friday, sending shares downwards during morning trading. The casual dining restaurant operator said it is raising the funds through the issuing of 75 million new shares to both new and existing investors. The company also announced an additional proposed open […]

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CyanConnode confirmed its full-year results will ‘significantly exceed’ the year before, in a trading update published on Thursday. The company is set to publish its final 2018 results on Wednesday the 8th of May. As previously stated in a January update, CyanConnode confirmed revenues will indeed prove significantly higher than its 2017 results. The firm […]

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WH Smith (LON:SMWH) reported a fall in pre-tax profits its interim results published on Thursday. Whilst group revenue rose to £695 million, underlying pre-tax profits fell 1% to £82 million. Travel sales continued to boost the business coming in at £364 million, up 18%. The firm said that 10% of this was as a result […]

The post WH Smith profits slip after InMotion acquisition appeared first on UK Investor Magazine.

easyHotel updated the market on trading for the six months to 31 March on Thursday, sending shares rallying. The budget hotel operator said that despite ‘falling consumer confidence’ alongside political uncertainty in the UK, it continued to outperform the hotel market. The group said that total system sales rose 24% to £19.9 million, compared to […]

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Fresnillo maintained its guidance for the year ahead, despite output falling in its latest quarter. The precious metal miner said that quarterly silver production of 13.1 moz including Silverstream was down 14.8% in the three months to March-end. Fresnillo attributed the fall to the lower ore grade. Similarly, quarterly silver production fell a further 15.3%, […]

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Almost 2,500 high street shops closed in 2018, according to PwC research compiled by the Local Data Company (LDC). According to the research, this proved a historic high, further compounding to fears of a crisis on the high street. Banks and financial services led the figures with 291 net closures. This was closely followed by […]

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Dunelm Group reported its third quarter results for the 13-week period ended 13 March 2019 on Thursday, causing shares to bounce. The homeware retailer said that revenue increased 12.5% year-on-year to £264.6 million, on the back of higher online sales. Dunelm Group also enjoyed a stronger performance thanks to the closure of its Worldstores and […]

The post Dunelm expects full-year profits to be ‘slightly ahead’ of forecasts appeared first on UK Investor Magazine.

Brexit: Theresa May is holding last-minute talks with EU leaders in Berlin and Paris today as she seeks to drum up support for a further extension to Article 50. The Prime Minister is in Berlin today to meet with The German Chancellor Angela Merkel to discuss securing a further Brexit delay until June 30. She […]

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City Pub Group shares rose on Tuesday after the company reported its full-year results for 2018. The company said revenue was up 22% to £45.7 million for the 52-week period until 30 December. Meanwhile, like-for-like sales increased 1.6%. Adjusted EBITDA was also up 28% to £7.9 million across the period. The City Pub Group group […]

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Societe Generale announced the loss of 1,600 jobs from its investment banking unit on Tuesday, as it looks to streamline costs. The French bank said it is launching two adjustment projects, following a review of its business and after the reporting of the group’s annual results in February. Societe Generale added that the first was […]

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House prices fell 1.6% in March according to the latest figures from Halifax. The high street lender said that the value of the average UK home rose to £233,181 last month. Despite the fall, overall house prices grew by 2.6% in the three months to March compared with the same period a year ago. This […]

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Brexit: Theresa May has once again asked the EU for an additional extension to Article 50 until the end of June. Should the EU agree to the extension, the UK may, controversially, have to participate in the upcoming European Parliament elections. However, Theresa May has said the government would aim to pass a deal before […]

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Bagir shares (LON:BAGR) ticked up during Thursday morning trading after the company posted its final results for the year. The tailoring firm said revenue increased by 10% to $56.4 million, up from $51.1 million in 2017. Bagir attributed this to new client wins and increased orders from certain its existing customer base. The company said […]

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The US and China look closer to agreeing a deal after a round of talks between negotiators in Beijing and Washington, potentially signalling the end to a long-standing trade war between the nations. According to reports, negotiators have agreed upon various crucial details, however, the actual enforcement of the deal remains a key contention for […]

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The UK’s Brexit crisis continued late into Thursday night, with MPs voting to pass a deal that would avoid a no-deal scenario. The draft bill, which was drafted by Conservative MP Sir Oliver Letwin and Labour’s Yvette Cooper, was passed on a knife edge just before midnight, with a majority of just one vote. It […]

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Topps Tiles shares (LON:TPT) rose after the company published a trading update on Wednesday. The tile retailer said total revenues for the 26 week period to 30 March were £108.8 million, down slightly from the £109.4 million reported a year before. Meanwhile, like-for-like revenues increased by 0.2%, whilst trading over the second quarter ‘improved’, with […]

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ECR Minerals (LON:ECR) re-affirmed its commitment to expanding its assets in West Australia in its latest results released last week, despite widening losses. The precious metals exploration company is looking to its Central Victorian Goldfields and the Yilgarn Craton projects in Western Australia as key to its business strategy moving forward. Back in January, the […]

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The owner of Boots, Walgreens Boots Alliance, has warned of store closures, amid falling sales in the “most difficult quarter” since its merger. Walgreens Boots Alliance slashed its full-year earnings forecast in its second results on Wednesday, blaming weaker sales both in the UK and US. Despite a 9.8% rise in prescription sales at its […]

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North Macedonia received a boost in its bid to become a member of the European Union this week, with a historic visit from Greek Prime Minister Tsipras. Whilst all eyes in Europe have been on Westminster as of late, the symbolic visit has signalled the ushering of a new era in another corner of the […]

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Intercede shares rallied on Tuesday after the company announced it had received a $4.3 million order from the U.S federal government. The company said the order includes software licenses as well as annual support and maintenance services. It specified that $2.05 million of the funds which will be recognised in the financial year to March-end, […]

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Channel 4 have confirmed its new headquarters will be in Leeds, in a boost for the so-called Northern Powerhouse project. The broadcaster said it is in advanced discussions to set up base across three floors in the city’s Majestic Building, which is just opposite the train station. In the meantime, Channel 4 employees are set […]

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A No-deal Brexit is now looking a “very likely” outcome, Michel Barnier, the EU’s chief negotiator has said. Speaking at a think tank event in Brussels, The French politician said to the audience: “no deal was never our desired or intended scenario,” “But the EU27 is now prepared. It becomes, day after day, more likely.” […]

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YouGov reported its half year results on Tuesday, posting a 28% rise in pre-tax profits. The global opinion and data company said pre-tax profit totalled £13.2 billion in the six months to January-end. This was on the back of revenue growth of 18%, up from 10% reported a year ago. Specifically, data products & services […]

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Brexit-related uncertainty is se to continue after MPs voted to reject the Prime Minister’s deal for the third time on Friday. Theresa May’s deal was defeated by 344 to 286 votes, a majority of 58. This was a slight improvement from the previous defeat with 391 votes to 242. Despite late deflections in favour by […]

The post Brexit: MPs vote to reject PM’s deal for third time appeared first on UK Investor Magazine.

The Financial Conduct Authority (FCA) has confirmed a permanent ban on binary options. The ruling will mean that all firms acting in or from the UK will no longer be able to from sell, market or distribute binary options to retail consumers. The FCA said the ban is in response to ‘widespread concern’ about the […]

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Tui has warned on the adverse impact the grounding of the Boeing 737 max fleet will have upon profits. The travel company said it may cost it as much as €300 million (£258 million), as it looks to find alternative arrangements for its customers who will be affected. Tui said some of these measures included […]

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The Independent Group have applied to become an official party, in anticipation of the European Parliamentary elections. The Independent Group have now adopted the name Change UK, with former Conservative MP Heidi Allen as its interim leader. The application has been submitted in a bid to stand in the European elections on the 23 May, […]

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Travis Perkins announced the departure of chief executive John Carter, the company announced on Friday. Travis Perkins said that Carter, who has been at the helm for five years, is set to be replaced by Nick Roberts as of July the 1st. Carter will however, remain at the building materials retailer until the end of […]

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Rose Petroleum shares fell during Thursday trading after the company issued an update on its operations and announcing changes to its board. The oil and gas firm said in the statement that subject to funding and rig availability it was at “advanced stage” at the GV 22-1 well on its acreage in the Paradox Basin […]

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Swedbank has dismissed its chief executive Birgitte Bonnesen amid money laundering allegations. The Stockholm-based bank announced Bonnesen’s departure ahead of its Annual General Meeting on Thursday. She is set to be temporarily succeeded by Anders Karlsson as it sees out the fallout from the allegations. The decision came after “enormous pressure” had been put on […]

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Goldman Sachs has been dealt a £34.3 million penalty by the Financial Conduct Authority (FCA), as a result of historic reporting failures at its London unit. The FCA identified “serious and prolonged failures” in its reporting of transactions over the course of 10 years. The fine is the largest the city watchdog has imposed thus […]

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Churchill China (LON:CHH) raised its final dividend after a strong set of results for 2018, sending shares up during Wednesday morning trading. The hospitality ceramic manufacturer said that group revenue for the year to December-end was up 7% to £57.5 million, compared to £53.5 million reported a year ago. Meanwhile, profit before tax and exceptional […]

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Crest Nicholson (LON:CRST) announced Peter Truscott as its new chief executive, sending shares soaring on Tuesday. The FTSE 250 house builder said that Truscott would assume the role following the end of his current contract with Galliford Try later in September this year. Mr Truscott is set to replace Patrick Bergin at Crest Nicholson, who […]

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Moss Bros swung to a £4.2 million loss for the year in its latest annual results, blaming warmer weather and a “volatile” trading environment. The mens suit retailer said that total group revenue (excluding VAT) for the 52 week period to 26 January, fell 2.1% on the previous year at £129.0 million. In addition, group […]

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Thomas Cook (LON:TCG) is set to close 21 stores, placing 300 jobs at risk, it announced on Friday. The travel operator cited more customers shifting towards online channels as a reason for the decision, accounting for 64% of all bookings in the UK over the last year. Thomas Cook said that ultimately online growth had […]

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Royal Mail (LON:RMG) announced the appointment of Keith Williams as its new chairman on Friday. Keith Williams, formerly a chief executive British Airways, is set to replace Les Owen. He is set to take up the role on May 22 after the company reports its latest results. Royal Mail has been struggling as of late […]

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Debenhams (LON:DEB) is seeking £200 million lifeline from existing lenders, the struggling retailer announced on Friday sending shares downwards. The department store is looking to fend off coup attempts from one of its largest shareholders, Mike Ashley’s Sports Direct. Sports Direct has offered a £150 million loan to Debenhams, however this came alongside the proposal […]

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Persimmon announced it is introducing a ‘customer care improvement’ plan, which caused shares to fall on Thursday. The house builder announced the measure after mounting criticism regarding the quality of its properties. As part of the plan, Persimmon said it would offer home buyers the option to retain 1.5% of the value of the property […]

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GAME Digital (LON:GMD) reported its half-year results on Thursday morning, causing shares to bounce. The company reported a pre-tax profit of £14.8 million for the period, an increase of 20.3% compared to a year ago. Meanwhile, revenues fell 4.7% to £492.9 million during the six-month period. GAME’s gross transaction value (GTV) fell by 1.4% to […]

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Disney (NYSE:DIS) announced on Wednesday it had completed its $71 billion takeover of 21st Century Fox, ahead of the launch of its streaming service. The deal closed shortly after midnight New York time on Wednesday. It will see Disney take control of the vast majority of Rupert Murdoch’s television empire including National Geographic and a […]

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Google has been fined €1.5 billion by the European Commission over its advertising rules. The search engine has been dealt the penalty after European Commission said that Google had been blocking rival online search advertisers. “Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions […]

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Inflation ticked higher in February to 1.9% up from 1.8% recorded back in January, the Office for National Statistics (ONS) has said. The ONS attributed the rise to food, alcohol and tobacco prices. However, these rises were partially offset by falling clothing and footwear prices across the period. The figure was slightly behind the Bank […]

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ASOS shares took a hit during Tuesday trading after the online retailer posted a trading update for the three months to February-end. The fast fashion retailer said sales in the US had proved behind expectations, whilst sales in the UK and Europe also having slowed. Specifically, sales growth in the UK and the rest of […]

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Sainsbury’s and Asda have pledged to implement price cuts as it looks to ensure its proposed merger. In a joint statement, the two supermarkets vowed to deliver £1 billion in savings annually by the third year of completion of the merger. The statement added that the supermarkets will be investing £300 million, as well as […]

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Antofagasta shares jumped on Tuesday after the company published its preliminary results for 2018. The chilean copper mining company said that revenue for the full year was ‘almost unchanged’ totalling $4,733.1 million. Antofagasta said the figure reflected a 6.3% decrease in the price of copper, which was ‘almost completely offset’ by higher sales volumes as […]

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UK employment hit its highest rate since records began back in 1972, the Office for National Statistics (ONS) revealed on Tuesday. The UK’s jobless rate fell to 3.9%, down from 4% recorded the month before. Those not in employment fell by 35,000 to 1.338 million during the final quarter of the year. Meanwhile, employment levels […]

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JD Wetherspoon’s (LON:JDW) reported its interim results for the 26 weeks to 27 January 2019, with profits falling over the period. JD Wetherspoon said that revenue totalled £889.6 million, up 7.1% from £830.4 million in 2018. Like-for-like sales rose 6.3%. However, the pub group said that profit before tax fell by 18.9% to £50.3 million, […]

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Jaguar Land Rover is recalling 44,000 cars over carbon dioxide emission levels, the car maker announced. The decision came after UK regulators found that 10 Jaguar Land Rover models were emitting more greenhouse gases than indicated. Affected models include the Land Rover Discovery and Discovery Sport; the Range Rover Evoque, Sport and Velar; and the […]

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Savills reported its final 2018 results for the year to December-end, sending shares downwards during Thursday morning trading. The real estate company posted a 10% rise in group revenue to £1.76 billion. However, statutory profit before tax across the period fell 3% to £109.4 million. Meanwhile, underlying basic earnings per share was up 3% to […]

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Cadence Minerals shares rose on Thursday after the company announced it had identified potential targets at its Torrens East Copper Project. The mineral mining company said that it had completed a review historical geophysical, geological and drilling data at the South Australian project, identifying the targets. The review indicated that Auroch’s exploration tenure a ‘likely […]

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Philip Hammond delivered his Spring Statement on Wednesday afternoon, a day after MPs voted to reject the government’s revised Brexit deal. In a blow to Prime Minister Theresa May, MPs voted down the prime minister’s deal by 149, a sight improvement from the initial vote back in January. MPs will next get to vote on […]

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88 Energy shares fell on Wednesday after the company updated investors on results from its oil and gas operations in North Alaska. The company said it had completed the comprehensive wireline logging program at Wink-1, alongside beginning a full petrophysical analysis and review. According to the results, 88 Energy said provisional analysis indicated ‘low oil […]

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Carphone Warehouse has been hit by a £29 million fine after the UK’s financial watchdog said it had mis-sold insurance to its customers. The Financial Conduct Authority (FCA) found that the mobile phone retailer had encouraged customers to to sign up to its Geek Squad insurance even if they already had alternative cover. Mark Steward, […]

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Dignity reported a fall in annual profits for the year on Wednesday causing shares to slide downwards. The funeral operator said that during the 52 week period ended 28 December 2018, underlying operating profits fell 23% to £80.2 million, with revenue also down 3% to £315.6 million. Despite the fall, profits remained ahead of expectations, […]

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Everyman Media Group reported its preliminary results for the 53 week period ending 3 January 2019. According to the company, revenue for the year was up 27.7% to £51.9 million, compared to £40.6 million back in 2017. Meanwhile, adjusted earnings before interest, tax, depreciation and amortisation rose 38.2% to £9.2 million, an improvement from the […]

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Sirius Minerals announced it has received an alternative financing proposal, sending shares upwards during Tuesday trading. The London-listed fertiliser development company said it had paused debt financing talks with prospective lenders after it received an alternative proposal. Sirius Minerals the proposal would replace a $3 billion multi-tranche structure that was changed on the 22nd January […]

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Greatland Gold shares (LON:GGP) ticked up on Tuesday after the company announced it had secured a £65 million farm-in agreement. The natural resources exploration company said it had reached a farm-in agreement with Newcrest to advance its Havieron project in the Paterson region of Western Australia. Greatland Gold also said that during the farm-in period, […]

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French Connection sales fell for the year, despite returning to a modest profit of £100,000, according to the company’s preliminary annual results. The struggling high-street retailer said like-for-like sales fell by 6.8% in the year ending 31st January 2019, compared to a year ago, amid declines in sales both in store and online. French Connection […]

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Boeing shares fell during Tuesday morning trading amid renewed safety concerns over its 737 max jet after a second deadly crash. On Sunday an Ethiopian airlines Boeing 737 max crashed, killing all 157 people on board the flight. This follows a similar incident involving another of the company’s 737 max planes back in October last […]

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GVC holdings shares plunged more than 10% on Friday after its chief executive and chairman offloaded almost £20 million in shares. CEO Kenneth Alexander sold £13.7 million of stock, whilst chairman Lee Feldman offloaded £6 million. The company, which owns the Ladbrokes betting chain, reported its 2018 full-year results earlier this week. According to the […]

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Goals Soccer Centres shares (LON:GOAL) fell on Friday after the company downgraded its guidance for the year. The soccer centre operator said it had conducted a review of its full-year results for December-end to resolve accounting errors alongside its auditors KPMG. As a result, it said it would be taking a more ‘prudent’ approach going […]

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Debenhams shares (LON:DEB) soared on Friday after Sports Direct launched a bid to take control of the embattled retailer. According to a statement, the board of Debenhams received notice that Sports Direct wanted to requisition a meeting to propose Mike Ashley to the board and to removal all over members. The retailer said that any […]

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The European Central Bank (ECB) has opted to keep interest rates on hold until 2020 after slashing its forecast for eurozone growth. The central bank revised its 2019 growth downwards to 1.1%, a significant revision from 1.7%. Meanwhile, the bank now expects growth of 1.6% as opposed to 1.7% for 2020. Inflation forecasts were also […]

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Countrywide reported its preliminary results for the year ending December 31 on Friday, with losses widening. The real estate agent said that group income for the 12-month period was £627.1 million, falling 7%. Meanwhile, group adjusted earnings before depreciation interest, tax and amortisation halved to £32.7 million. This was inclusive £2.2 million of charges from […]

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Calvin Klein has announced the end of its runway fashion collection, fresh on the heels of the departure creative director Raf Simmons late last year. The American fashion brand has said it will instead focus its efforts on its more profitable underwear and jeans categories. Earlier this month, the company said it would be closing […]

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Quiz issued a profit warning for the year, sending shares in the clothing retailer downwards. The fashion company said in a trading update that sales between January 1 and March-end had witnessed a ‘significant shortfall’. This was attributed to an ‘uncertain consumer spending backdrop’. Whilst sales were boosted by an increase in online revenue of […]

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Paragon Entertainment shares took a tumble during Wednesday trading after the firm revised its 2018 guidance downwards. According to the update, the firm said it now expects revenue of £8.8 million to £9.2 million, compared to previous guidance of £9.5 million to £9.8 million. As a result, Paragon Entertainment now expects earnings before interest, depreciation […]

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Paddy Power Betfair announced on Wednesday it is considering changing its name to Flutter Entertainment in a bid to “reflect the increased diversity of our brands and operations”. The betting firm announced the proposal in its preliminary annual results for 2018. According to the figures, revenue was up 7% to £1.9 billion on a year-to-year […]

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88 Energy shares rose on Wednesday after the company announced it had reached total depth at its operations on the North Slope of Alaska. According to the update, the gas and oil exploration firm said that the total depth of 6,800 was reached on the 3rd of March. 88 Energy said that all pre-drill targets […]

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Just Eat (LON:JE) posted its full-year results for 2018 on Wednesday, returning to profit. The food delivery service reported profit before tax of £101.7 million, compared to a loss of £76 million in 2017. Revenue was up 43 per cent year on year to £779.5 million, however cashflow fell 6% to £157.3 million after it […]

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UK car sales recovered slightly in February, rising 1.4%, offering some respite to an ailing car industry facing a host of challenges. The Society of Motor Manufacturers and Traders (SMMT) said 81,969 new cars were registered in February, up 1.4% from a year earlier. Nevertheless, diesel car sales continued to plummet, with sales down by […]

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Huntsworth reported its full-year results for 2018 on Tuesday, sending shares downwards during morning trading. The healthcare and communications firm said revenue rose 14%, and 1.4% on a like-for-like basis, totalling £225 million compared to £197 million a year before. Operating profit jumped 26% and 12% on a like-for-like basis to £33.2 million, up from […]

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Thor Mining shares ticked up on Tuesday after the company announced it had signed a memorandum of understanding (MOU) for its Kapunda Copper Project. The MOU will see the creation of a new company named Enviro Copper, and it will will hold earn in rights for up to 75% of both the Kapunda Copper Project […]

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Debenhams (LON:DEB) has issued another profit warning as sales continue to slow. The retailer warned that its previously released profit projections “were no longer valid”. Back in January, the retailer said in its Christmas trading update that it was “on track to deliver current year profits in line with market expectations”. However, Debenhams has now […]

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ITV and BBC are set to launch a joint video streaming service named BritBox. In a statement, ITV said that the new venture will offer “an unrivalled collection of British boxsets and original series”, as the broadcasters look to take on the likes of Netflix (NASDAQ:NFLX) and Amazon Prime (NASDAQ:AMZN). BBC director general, Tony Hall, […]

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Nostra Terra & Oil (LON:NTOG) announced on Wednesday it has raised £1.15 million to further develop operations at its Mesquite asset. The oil and gas exploration company had raised the funds to ‘strengthen its position’ in the Mesquite asset in the Permian Basin, ahead of also locating a potential farm-in partner. Matt Lofgran, Chief Executive […]

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Taylor Wimpey said it has enjoyed a ‘positive start’ to 2019, after announcing itsfull-year results for 2018. The housebuilder reported growth in pre-tax profit of 5.5% up to £856.8 million, compared to £812.0 million posted back in 2017. Overall profit for the year totalling also rose to£656.6 million, compared to £555.3 million reported in 2017. […]

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Marks & Spencer and Ocado have agreed on a joint food delivery venture. Under the deal, Marks & Spencer is set to pay £750 million to acquire a 50% share of Ocado’s retail business. The venture is set to be in operation by the September 2020 at the latest, after Ocado terminates its current agreement […]

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The UK and US have agreed a major derivatives trading deal to ensure “bridge over Brexit”. The Bank of England, Financial Conduct Authority (FCA) and the US Commodities and Futures Trading Commission made a joint announcement on Tuesday, unveiling the agreement. In a boost to the city, the deal will mean that derivatives trading between […]

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Shefa Yamim has announced the completion of a collection with jewellery designer Yossi Harari using the exploration company’s gemstones. In a statement, Shefa Yamim said that the collection, which has been named “Heaven on Earth” is comprised of 13 pieces of jewellery. The Israel-based explorer said that the jewellery was created from gemstones found in […]

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Hotel Chocolat (LON:HOTC) posted a jump in first-half profits on Tuesday, sending shares up. Pre-tax profit climbed 7% to £13.8 million in the six months to December 30, with revenue of £80.7 million, an increase of 13% on a year ago. The company attributed growth to a strong performance over the Christmas period, as well […]

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Persimmon pre-tax profits for 2018 surpassed £1.1 billion, with the company benefiting in particular from the government help-to-buy scheme. Persimmon reported annual profits of £1.091 billion, up 13% from £966 million in 2017. This was largely as a result of help-to-buy, which accounted for almost half of all homes sold. However, the housing minister has […]

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Dairy Crest (LON:DCG) has been bought by Canadian company Saputo, in a deal worth £975 million. Dairy Crest, which owns brands such as Cathedral City Cheddar and Country Life butter. The company have recommended that shareholders accept the deal, which values the company at almost £1 billion. Saputo, which is based in Montreal, sells dairy […]

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Pearson (LON:PSON) profits grew 8% for the year, despite a fall in sales, as cost-saving initiatives took effect. The educational publisher said adjusted operating profit for the year to 31 December 2018 was £546 million, despite underlying revenue declining 1% on a year-on-year basis. The fall in revenue was attributed to “portfolio changes”. The firm […]

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Bahamas Petroleum Company announced it had secured the license extension of its four southern licences in the Bahamas, sending shares higher on Friday. The oil and gas exploration firm confirmed in an update that it had received formal notification of the extension from the Government of the Bahamas. The second period the exploration license will […]

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Metro Bank has been awarded £120 million in funding from BCR, sending shares higher on Friday. The challenger bank said the additional funds will allow the bank to open new locations in the North by 2025, in turn helping to “radically transform” The UK’s small and medium sized enterprises (SME) banking experience. Craig Donaldson, Chief […]

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UBS has been ordered to pay a £3.9 billion fine by a French court over tax evasion allegations. The French court ruled that UBS should pay the fine, alongside €800 million to the French state, after the bank was found guilty of illicit solicitation and laundering of the proceeds of tax fraud. In a statement, […]

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UK government borrowing from April through to January was £21.2 billion, marking £18.5 billion less than the year before. According to the Office for National Statistics (ONS), net borrowing for the month was in a record surplus of £14.9 billion, an increase of £5.6 billion from last January. This marked the largest surplus for the […]

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Purplebricks shares (LON:PURP) plunged more than 30 percent on Thursday after the company cut its sales forecasts for the year. The online real estate agent said that anticipated revenue will ‘not be sufficient to meet expectations’ for the year ahead. Whilst Purplebricks said revenue would be 15-20% ahead of the year before, the company warned […]

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Barclays (LON:BARC) reported profits of £3.5 billion for the year, sending shares upwards on Thursday. Barclays reported the same profit in 2018 as the year before, remaining flat amid costs relating to various litigation cases. In addition, the bank announced it had set aside £150 million due to “anticipated economic uncertainty” as a result of […]

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Laura Ashley has warned on annual profits, citing a “turbulent market” in its interim results. The retailer reported a pre-tax loss of £1.5 million, compared to a £4.3 million profit the year before. Meanwhile, sales fell by 8.7% to £122.9 million. The loss was attributed to a 4.2% fall in like-for-like sales. During the period, […]

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A proposed Sainsbury’s-Asda supermarket merger has been cast into doubt after the UK competition watchdog released its preliminary verdict. The Competition and Market Authority (CMA) highlighted “extensive competition concerns” in its findings after conducting an investigation into the merger. In a statement, Sainsbury’s said: “We fundamentally disagree with the provisional findings. These misunderstand how people […]

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Lloyds share price (LON:LLOY) ticked up after the bank reported 24% rise in profits for 2018. Lloyds said profits after tax for the year were up £4.4 billion. Nevertheless, this proved below expectations. In addition, the bank announced a total ordinary dividend of 3.21p per share, an increase of 5% on 2017. Lloyds also proposed […]

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The formation of the Independent Group has raised serious questions about the future of the British Politics, and not least, the Labour party itself. Whilst many smaller fringe parties already exist in Parliament, political debate has been historically dominated by the two major players – the Conservatives and Labour. However, with a stalemate over Brexit […]

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Honda confirmed it is set to close its Swindon factory in 2021, placing as many as 7,000 jobs at risk. The Japanese car manufacturer blamed challenges in the car industry for the move. Ian Howells, senior vice-president for Honda in Europe, said in comments to the BBC: “We’re seeing unprecedented change in the industry on […]

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HSBC (LON:HSBA) reported a fall in profits for 2018, in part due to the economic downturn in China. The bank posted profits of $19.9 billion (£15.4 billion) for the year, compared to $17.2 billion in 2017. Whilst an increase, this proved behind expectations, sending shares lower during Tuesday trading. The bank was particularly affected by […]

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Greggs (LON:GRG) said it expects higher profits for the year in a trading update on Tuesday, after a better-than expected opening few weeks of 2019. The bakery chain said it had enjoyed an “exceptionally strong start” to the year. In the seven weeks to 16 February, sales rose by 14.1%, compared to 6.2% in the […]

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UK retail sales picked up in January, offering some respite to ailing high street shops, according to the latest official figures. UK retail sales rose 1% in January, the Office for National Statistics (ONS) said. This proved ahead of market expectations of 0.2%. Rhian Murphy, head of retail sales at the ONS said this was […]

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Lloyds Bank (LON:LLOY) has announced former Morgan Stanley banker William Chalmers as its new Chief Financial Officer. Chalmers is set to join the bank in June to take up his new role. Prior to his new position at Lloyds, Chalmers was co-head at Morgan Stanley’s Global Financial Institutions Group. Lloyds is set to pay around […]

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Premier Foods (LON:PFD) announced on Friday that it is no longer putting up its Ambrosia business for sale. The company said that whilst ‘a number of parties had expressed interest’, the board concluded that ‘the present business climate the process will not result in a satisfactory financial outcome’. Its Ambrosia business produces dried milk for […]

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Nostra Terra Oil & Gas shares (LON:NTOG) were up on Thursday after the company announced an increase in reserves at its Texas assets. The oil and gas exploration company announced a 276% increase in oil reserves to 2,429,660 barrels of oil, at its assets at Pine Mills in East Texas and its Permian Basin assets […]

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Patisserie Valerie has been rescued by private equity firm Causeway Capital, saving 2,000 jobs. Ireland’s Causeway Capital agreed to buy the struggling bakery chain from administration, valuing the firm at £13 million. Causeway Capital’s Matt Scaife said: “Patisserie Valerie is a heritage brand, much loved by its loyal customers. This investment should mark the end […]

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The Restaurant Group (LON:RTN) Chief Executive Andy McCue announced is departure on Thursday, causing shares to fall. The group, which owns the Frankie and Benny’s and Garfunkels’ chains, said that Mr McCue would be leaving the role due to “extenuating personal circumstances”. Andy McCue, CEO, commented on his decision: “In recent years, we have achieved […]

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Back in October, Canada became the first G7 nation to legalise the recreational use of marijuana. In the aftermath of Canada’s decision, cannabis is increasingly commanding attention from the Investment world. However, with its entering into the mainstream, it is often difficult to ascertain which Cannabis companies may present the most investment potential. So, we’ve […]

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Serabi Gold maintained its production guidance in an operational update released on Wednesday, despite a miner fatality halting operations. The gold mining and development company said January gold production would be 3,671 ounces. Serabi Gold added that its cash position at end of the month was $12.8 million. It also said that a Geological Resource […]

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UK inflation dipped to 1.8% in January as a result of falls in electric, gas and fuel prices, according to the latest official figures. The Office for National Statistics (ONS) said that the introduction Ofgem’s energy price gap helped ease inflation over the period. This marks a two-year low for inflation, and below the Bank […]

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Dunelm reported its interim results on Wednesday, with a boost in like-for-like sales sending profits higher. The FTSE-250 furniture maker said pre-tax profit for the six months to 29 December, was £70 million, an increase of 16.7% year on year. The company also said it had free cash flow of £91.2 million. Accordingly, Dunelm increased […]

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Bushveld Minerals (LON:BMN) issued an operational update on its subsidiary, Lemur Holdings, sending shares up. The company said it has finished reviewing the power part of Imaloto, and has now commenced evaluating the coal mine aspect. Bushveld Minerals also said that it had completed due diligence for the project preparation finance with a lender, and […]

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Nissan cut its profit forecast for the year ahead as the Japanese car company continues to suffer the fall-out from the Ghosn scandal. The car-maker revised its 2018 operating profit forecast to be 450 billion yen (£3.2 billion), down from 540bn yen, citing weaker car sales. It now expects revenues of 11.6 trillion yen, as […]

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Cabot Energy announced plans to raise $3.7 million in capital through a discounted share rights issue on Tuesday, sending shares downwards. The oil and gas company said it had already conditionally raised £2,082,899 (approx. $2.7 million) at an issue price of 10 pence per share. It said it is also proposing to raise the additional […]

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Lonmin (LON:LMI) updated the market on its production numbers for the first quarter of 2019. The platinum miner said production was down 166,000 tonnes to 2.2 million tonnes, down 7.0% on the same period last year. This was as a result of two fatalities, which led to stoppages as the company worked towards reviewing safety […]

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Zinc Media (LON:ZIN) confirmed the appointment of Mark Browning as its new incoming chief executive. The media, communication and production company said Browning is set to join the board and commence is role on the 23rd of April 2019. Following his departure, previous chief executive David Galan is set to assume a role as a […]

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SSE issued a profit warning on Friday after revealing it had lost 160,000 customers in the last three months of 2018. The energy giant also said that a European Court ruling, which halted state aid for UK energy companies, would also impact earnings. Accordingly, the company reduced its earnings forecast per share to be between […]

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Tower Resources shares (LON:TWR) rallied on Friday after the company updated the market on its Brulpadda well. The oil and gas exploration company said it “reported a significant gas condensate discovery” located in the Outeniqua basin, offshore South Africa, neighbouring its Brulpadda well. According to the company statement, the company said that: ‘Total have stated […]

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Jaguar Land Rover (JLR) reported a record £3.4 billion quarterly loss in its latest results, as car sales and demand in China continues to fall. The British carmaker, which is owned by India’s Tata Motors, posted the loss for the final quarter of 2018. Jaguar Land Rover attributed the disappointing quarter to a slowdown in […]

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UK house prices fell again in January, down 2.9% according to the latest monthly figures from Halifax. Halifax, which is the nation’s largest mortgage lender, said this marked the second time since 2017 that the UK house prices fell at the start of the year. The bank’s house price index figures revealed that the average […]

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Cranswick reported its results for three months to 31 December 2018, posting a 2% fall in revenue for the period. The UK food producer said that lower sales in pork related produce were offset by more growth in its poultry and continental products. In addition, Cranswick said it intends to invest further in its facilities […]

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Anglo Asian Mining shares fell during Thursday morning trading after the company updated the market on its 2019 production guidance. The gold, copper and silver miner said that it was set for “another year of delivery” in 2019, with increased copper output expected. Anglo Asian Mining forecast metal production for the fuel year to be […]

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Superdry (LON:SDRY) reported its third quarter results on Thursday, blaming warmer weather for weaker sales across the period. The retailer reported its results for the 13-week period from 28 October 2018 to 26 January 2019, noting a fall in sales. The brand said that global revenue of £479.6 million rose by 5.4% year on year, […]

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Mosman Oil and Gas (LON:MSMN) updated the market on its production output figures for the six months to December-end. The company said net production rose 47% in the period, compared to the first-half of the year. Nevertheless, this proved behind previous expectations, as poor weather affected site access. The company said that Production at its […]

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Snap Inc (NYSE:SNAP) q4 figures beat market expectations, causing shares to bounce on Wednesday. The owner of Snapchat said that daily active users were flat in the fourth quarter at 186 million, offering some respite to investors after two quarters of consecutive decline. Analysts had been expecting a fall in users for the final quarter […]

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Shefa Yamim shares (LON:SEFA) rose on Wednesday after the company said it had received a technical economic evaluation for Zone 1 of its Kishon Mid-Reach project. According to a company statement, the evaluation revealed that the mine has the potential to process a total of 1.5 million tonnes of gravel over an 11-year mine life. […]

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Interserve announced it has agreed a rescue deal with lenders, sending shares up during Wednesday morning trading. The construction company said that the deal will allow the firm to strengthen its balance sheet. As part of the deleveraging plan, net debt will be reduced to £ 275 million through the issuing of £480 million of […]

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Amino Technologies shares (LON:AMO) plunged on Tuesday after the company posted its annual results for the year, disappointing investors. The global media entertainment and technologies provider said revenue dropped by 7% to $88.9 million, down from $96.1 million reported in 2017. In addition, pre-tax fell considerably to $8.2 million for 2018, compared to $13.3 million […]

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Numis (LON:NUM) warned on the impact of Brexit uncertainty on its performance in a trading update issued on Tuesday. The City broker said uncertainty domestically had continued to affect trading during the financial year. The statement said: “UK equity indices have suffered material declines and the domestic political situation has significantly impacted investor sentiment in […]

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Pandora shares rose on Tuesday after the jewellery retailer unveiled plans to save 1.2 billion Danish crowns (£141.1 million) by 2022. The Danish brand announced its ‘Programme Now’ plan with aims to cut costs following a disappointing 2018. As part of the programme, Pandora said it would cut back on promotions, buy back slow selling […]

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Greatland Gold (LON:GGP) revealed the results from its Havieron drill campaign on Tuesday. According to the update, the results indicate that Havieron has the potential ‘to become a large, multi-commodity, bulk tonnage, underground mining operation’. Greatland Gold said they believe that the results reveal that the company can “significantly extend” the known mineralisation intersected in […]

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BlueRock Diamonds shares (LON:BRD) rose on Tuesday after the company updated the market on its continued recovery of “exceptional” diamonds. The diamond company announced the recovery of an exceptional 8.97 carat diamond on Friday the 1st of February at its Kareevlei mine. The Kareevlei licence area covers 3,000 hectares, of which the company have recovered […]

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Deutsche Bank (ETR: DBK) returned to profit in 2018 for the first time in four years, however a disappointing fourth quarter dampened investor optimism. The German bank reported annual profit of €341 million (£299 million), compared to losses of €735 million back in 2017. Nevertheless, this proved significantly lower than analyst expectations of €422 million, […]

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Comptoir shares rose on Friday after the company confirmed that its annual results would be in line with market expectations. The Lebanese mediterannean restaurant chain said on Friday that trading for the 52 weeks to 31st December 2018 proved “in line with market expectation”, with a strong finish expected in the second half of the […]

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TSB reported a £105 million loss in its full-year results for 2018, after racking up costs as a result of an IT issue. The bank incurred heavy costs as a result of a computer system update malfunction. TSB posted the hefty loss as opposed to the £162.7 million profit in 2017, after the update plunged […]

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Thor Mining shares (LON:THR) gained during Wednesday trading after the company posted a promising trading update for the quarter. The mining company updated on the market on the October to December period, noting a ‘sound’ cash position, taking the country through to the latter half of 2019. Chief Executive Michael Billing welcomed the results as […]

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Solid State shares (LON:SOLI) ticked up on Wednesday after the company said its results for the year would “comfortably exceed” expectations. The electronics manufacturer and distributor said that revenues for the full year to March-end were expected to be significantly above previous guidance. The company said that gross margin improvements for the first half of […]

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Wizz Air profits plummeted in the third quarter of 2018, as rising fuel and staff costs impacted earnings. The Hungarian airline reported a pre-tax profit €1.8 million, compared to €14.6 million a year before. Despite the fall in revenues, passenger numbers were up 15% to 8.1 million. Across the period, Wizz Air flying hours fell […]

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Apple (NASDAQ:AAPL) reported its first decline in profit in over a decade, sending shares down on Tuesday. The tech giant said iPhone sales, which account for the majority of profits, fell 15% in the first quarter to December end. The company said that revenues fell 5% in the quarter to $84.3 billion (£64.5 billion). Services […]

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Nomura is set to cut as many as 50 jobs from its global trading team, as the company looks to streamline costs. The Japanese bank is looking to shed underperforming employees, after a difficult year for the company, particularly across its European division. Whilst redundancies are expected to take place across Asia and the US, […]

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TomCo Energy shares (LON:TOM) fell more than 20% on Tuesday, after the company announced a field test programme in 2019. The shale exploration and development group said that it had commenced work to start its field test programme at the company’s Holliday Block in Utah, of which it owns a 80% interest. Should the test […]

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CVS Group (LON:CVSG) shares plummeted more than 20% on Tuesday, after the company warned on profits. The veterinary services provider said it expects earnings for the full year to fall behind market expectations as a result of rising employment costs and lower margins. CVS Group said that for the first half of 2019, total sales […]

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Hargreaves Lansdown (LON:HL) posted its half-year results on Tuesday, reporting both a fall in net new business and assets, sending shares down. The financial services company said net new business dropped 24% year-on-year to £2.5 billion, down from £3.34 billion during the same period a year ago. Meanwhile, assets under administration also fell by 6% […]

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Tower Resources (LON:TWR) announced on Thursday plans to raise £1.7 million in capital to fund its Cameroon project. The oil and gas company said it plans to raise the funds through the placing of 170 million new ordinary shares at 1p each. Admission of the shares on the AIM market is set to take place […]

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Fever-Tree shares (LON:FEVR) rose on Thursday after the beverage company reported a rise in revenue for the year. The premium fizzy drink maker said it expects full-year revenue to be around £236 million, a 39% increase on 2017 figures. This was attributed to strong trading in the UK, particularly across the summer months and the […]

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With a mere 64 days to go until Britain is due to leave the EU, the government is no closer to securing a deal that can command support in Parliament. For many Brexiteers, leaving the EU was seen as a way to take control of the UK’s economic and political destiny. However, with no discernible […]

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Burberry (LON:BRBY) has warned on the impact of a no-deal Brexit on the company, as the deadline for the UK’s departure from the EU draws closer. “The biggest concern is the disruption to the supply chain,” chief operating and financial officer Julie Brown told reporters. “Burberry imports and exports significant volumes of raw materials, samples […]

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AJ Bell (LON:AJB) said assets fell in the three months to December 31, according to a trading update published on Wednesday. The online investment platform said that ‘negative market movements’ of £2.7 billion led to a 4% decline in assets to £44.2 billion since 30 September 2018. Meanwhile, platform customer numbers rose by 7,285 to […]

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Santander (BME:SAN) is set to close 140 branches in the UK, placing 1,270 jobs in the firing line. The Spanish bank said that this was in response to changes in how customers bank, with the number of transactions carried out via branches falling by 23% over the past three years. Conversely, transactions via digital channels […]

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Sony (TYO: 6758) is set to move its Europe headquarters out of the UK to the Netherlands, in light of Brexit. The electronics firm said the move will help the company avoid any issues involving customs once the UK officially leaves the European Union. However, Sony have said the move will have a limited impact […]

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ZOO Digital shares (LON:ZOO) plunged on Tuesday after the company warned that its annual earnings would fall behind expectations. The company said that revenues associated with DVD and Blu-ray titles in the second half of the year would prove “significantly lower than anticipated” as “the overall market decline in this area has accelerated more quickly […]

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Google (NASDAQ:GOOGL) has been fined £44 million (€50 million) by the French data regulator CNIL for breaching European privacy laws. CNIL dealt Google with the record fine after finding that Google had breached the rules of the recently passed GDPR regulations. This is the first fine that the regulator has dealt a penalty since the […]

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Shares in ECSC were up more than 40% on Tuesday, after the company updated the market with a promising trading update for the year. The cyber security services provider said it enjoyed revenue growth of over 30% to £5.4 million for the 2018 financial year. The company also said that managed services revenue growth was […]

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The number of people in employment in the UK hit a record of 32.54 million, according to the latest figures from the Office for National Statistics (ONS). According to the figures, UK unemployment saw a small increase of 8,000 between September and November to 1.37 million. Average earnings, not including bonuses was up 3.3% in […]

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Dixons Carphone reported an increase in third quarter sales, despite a fall in mobile sales. The group said group like-for-like revenue up were up 1% during the Christmas period. In the UK and Ireland, electrical like-for-like were up 2%. The company said it enjoyed share gains across all categories online and in store, despite a […]

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Pearson shares fell more than 6% on Wednesday after the publishing firm issued a trading update. The publishing and education firm updated the market on its guidance for the year, with full-year results set to be announced on 22 February. Pearson said it expects adjusted operating profit to be in the region of £540-£545 million […]

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London house prices fell 1.2 per cent month-on-month in November, according to the latest official figures from the Office for National Statistics (ONS). Overall, annual house price growth in the UK hit 2.8 per cent for the month, with London and the South-East dragging down figures. The statistics revealed that the lowest growth was indeed […]

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UK inflation fell to 2.1% in December, down from 2.3% in November, according to the latest figures from the Office for National Statistics (ONS). The fall was largely driven by a lowering of petrol prices, the ONS said. The drop proved in line with analyst expectations. Inflation has been largely falling since reaching a six […]

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Theresa May’s Brexit plan was defeated by a majority of MPs in Parliament on Tuesday, with Labour now launching a vote of no confidence against the government. The Prime Minister’s Brexit deal was rejected by 230 votes, in a huge blow to the government given it has spent the last two years negotiating it. After […]

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Marks and Spencer (LON:MKS) have announced the names of the stores that are set to close as part of the high street chain’s restructuring plans. The retailer announced the closure of 17 store locations last year, as it looks to streamline costs and revive its fortunes. The closures are set to put as many as […]

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Ashmore Group shares (LON:ASHM) fell on Tuesday after the company said its investment performance was “modestly negative” in q2. Assets under management were up by 0.4% to £76.7 billion at the end of December from £76.4 million in September. This was as a result of net inflows of $0.5 billion mitigating a negative investment performance […]

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Greggs has raised its profit guidance for the second time in two months, sending shares up as much as 7% on Wednesday. The bakery chain said it enjoyed strong sales in the run up Christmas, with mince pies and hot drinks performing particularly well. Greggs said it now expects pre-tax profits of at least £88 […]

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Mothercare (LON:MTC) sales continued to tumble across the traditionally lucrative Christmas period, as the retailer continues to struggle. Mothercare said third-quarter sales fell 11.4%, with online sales dipping a further 16.3% during the 13 weeks to January 5. Chief executive Mark Newton-Jones said: “Whilst the UK continues to be challenging, in part as a result […]

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Sainsbury’s (LON:SBRY) sales fell in the run-up to Christmas, amid fierce competition among supermarkets. The UK’s second-largest supermarket blamed ‘cautious customers’ for the 1.1% fall in like-for-like sales during the 15 weeks to 5 January. Meanwhile, Sainsbury’s said that grocery sales fare slightly better, reporting a growth of 0.4% during the third quarter. Mike Coupe, […]

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Cannabis and Finch firms are among the businesses most likely to be funded in 2019, Crowdcube has revealed in a company statement. The crowdfunding platform flagged AI, Fintech and cannabis companies as the businesses likely to receive investment in the New Year. Crowdcube also aannounced that it proved a particularly successful year for the platform, […]

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Selfridges is set to report a record set of sales for the Christmas period, as the retailer bucks the downward trend in UK retail as of late. The luxury department store updated the market on Monday, reporting sales for the 24 days running up to Christmas had grown 8% year-on-year. Sales in the week to […]

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UK financial services companies have relocated almost £800 billion in assets to Europe since the Brexit referendum, a report by EY has found. The study examined 222 of the biggest financial services firms with respect to their Brexit contingency plans. However, the study determined the £800 billion figure solely from public announcements of asset transfers. […]

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Average UK household debt has reached a record amount of £15,400 according to a new report, as austerity and slow wage growth weigh upon families. The data, compiled by the trade union body (TUC), revealed that household debt owed to banks and credit card firms had risen sharply in 2018. According to the TUC, the […]

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Co-op announced plans to open an additional 100 food stores in the new year on Thursday, as it looks to grow its convenience locations. The supermarket said it will also refurb 200 stores, creating some 1,500 new jobs. ”The right location and range tailored to fulfil the shopping needs of a community is a cornerstone […]

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Sunrise Resources shares (LON:SRES) rose on Thursday after the company updated the market on its results from tests at its Newperl project. According to the statement, Sunrise said that the results from expandability testing revealed that ‘the majority of October’s reconnaissance samples are suitable for the production of horticultural grade perlite.’ As a result, the […]

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Wizz Air reported a surge in passenger numbers of 18% for the month of December. The budget airline said passengers were up to 2.6 million, with load factor also up 1.3 percentage points to 88.8% during the festive period. In the rolling 12 months, Wizz Air passenger numbers were up 19.6% at 33.8 million while […]

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The Environment Agency announced the implementation of a series of new fishing restrictions to combat declines in salmon and sea trout stocks. The new regulation is set to come into effect from the January 1st, in a bid to encourage greater prioritisation of sustainability within the UK’s fishing industry. According to 2017 government figures, the […]

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Barclays (LON:BARC) has been hit by a $15 million penalty by a New York regulator over attempts by its chief executive to unmask a whistleblower. The New York State Department of financial services investigation concluded that Barclays had violated local and banking law regarding whistleblower procedures. The fine relates to a scandal back in 2016, […]

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Flybe shares (LON:FLYB) rose on Wednesday after Virgin Atlantic confirmed it was continuing talks with the airline regarding a potential takeover. Last month, Flybe announced it was considering its options, including placing itself for sale following the issue of several profit warnings for the year. The low-cost airline has come under pressure in recent years […]

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GlaxoSmithKline has agreed to break-up its healthcare business in a £10 billion merger with Pfizer. GlaxoSmithKline (GSK) is set to hold a majority interest in the venture with 68%, whilst US rival Pfizer will have the remaining 32%. News of the joint venture between the two pharmaceutical firms sent shares up during Wednesday morning trading. […]

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John Lewis sales recovered last week as promotional discounting ahead of Christmas brought back customers. According to figures for the week ending 15 December, total sales were up 1.8% compared to the same week last year. John Lewis said this was driven by customers Christmas shopping for both food and clothing, with price matching promotions […]

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Oil prices fell more than 4% on Tuesday amid output concerns in U.S and Russia. Prices fell despite output cut agreements from the Organisation of Petroleum Exporting Countries (OPEC). Traders attributed the fall to an increase US inventories as well as rising shale output forecasts. In addition, residual fears regarding future demand and doubts over […]

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Twitter shares (NASDAQ:TWTR) fell more than 6% on Tuesday on concerns of hacking activity. The social media platform warned of “unusual activity” from China and Saudi Arabia relating to a help form bug in a statement published on Monday. Twitter said it had identified suspicious traffic to a support forum, which left users’ phone country […]

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The UK’s top accountancy firms are set to face a major shake-up amid a series of proposals put forward by the competition watchdog. The Competitions and Markets Authority (CMA) introduced a series of radical reforms to tackle various issues it had flagged in the accountancy industry. The proposals are set to challenge the dominance of […]

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The European Central Bank (ECB) announced the end to its quantitive easing programme on Thursday, sending the Euro lower. In a widely expected decision, the bank is set to halt its €2.6 trillion bond-buying programme towards the end of this month. However, the central bank will continue to reinvest money from maturing bonds, remaining active […]

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GAME Digital shares (LON:GMD) fell on Thursday after the company announced it was considering cancelling trading on the main market of the London Stock Exchange. The company announced it would propose cancellation and admission onto the AIM market of the London Stock Exchange to shareholders at its annual general meeting in January. The statement said: […]

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The UK property market is likely to be hit by continued Brexit uncertainty, a survey has warned. The latest report conducted by the Royal Institution of Chartered Surveyors (RICS) predicts that both prices and the number of houses being sold will continue to decline in the coming months. Demand fell again for the month, with […]

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Ten Lifestyle Group shares (LON:TENG) rallied on Thursday morning after the company announced it had secured a contract with ICBC Private Banking Department. The company said the service is to commence in January next year as a small contract, however, it is expected to expand to a medium contract in due course. According to the […]

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Rolls-Royce has confirmed that it expects profits to be towards the upper end of its guidance on Wednesday, sending shares up. According to the statement, the engineering company expect to produce around 500 large engines to customers in 2018, slightly lower than its March projection of around 550. The statement added: “This reflects supply chain […]

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Frontera Resources shares (LON:FRR) ticked up on Wednesday after the company issued an update on financing. The oil and gas exploration company announced it had secured a loan of up to $60,000,000 with a New York based fund. Frontera Resources said the capital would be used to fund the development of its Block 12 license […]

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BT announced on Wednesday it is set to remove Huwei hardware from its core 4G network. This comes amid concerns raised by various governments over the security of the Chinese company’s equipment. A report conducted by the US-China Economic and Security Review Commission warned that the Chinese government could be involved in forcing Chinese firms […]

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Stagecoach shares rose on Wednesday after the company reported its results for the first-half of the year. The bus and rail operator posted a pre-tax loss of £23 million for the first six months of the year. This compared to the £97 million in profit earned the year before. The group attributed to the loss […]

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Glencore shares rallies on Monday after the company announced the resignation of its copper chief, Telis Mistakidis. The Anglo-Swiss commodity and mining company announced the departure of Mistakidis. a long-term director, who has been with the firm since 1993. He is set to be replaced by Nico Paraskevas. Glencore is currently under investigation for its […]

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Omega Diagnostics posted its half-year results on Monday, causing shares to fall. The medical diagnostics company reported revenue of £5.23 million, marking a 27% decline from the £7.11 million posted a year earlier. Revenue from continuing operations was down 7% to £4.22 million. For the six months until 30 September, Omega Diagnostics reported a pre-tax […]

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Oil prices fell to around $60 a barrel on Wednesday, on the back of an increase in U.S inventories and concern over whether OPEC will agree on further production cuts. The Organisation of the Petroleum Exporting Countries (OPEC) is set to meet next week to agree upon potential output cuts. The 15-nation organisation includes countries […]

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Restaurant Group (LON:RTN) shareholders approved plans to acquire Wagamama, as part of a £559 million takeover. Restaurant Group already owns culinary chains such as Franke & Benny’s and Garfunkels. Some shareholders had held reservations over the deal, namely the price and the impact on debt levels for the group. The deal is set to be […]

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Bezant Resources shares (LON:BZT) rose on Wednesday after the mining company announced a new study. The firm announced it had commissioned a mining study by Mining Plus to evaluate its mining options in high grade areas at its Mankayan copper-gold project. Laurence Read, Chief Executive of Bezant Resources, commented on the study: “As CEO, I […]

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N4 Pharma shares (LON:N4P) rallied on Wednesday after the firm updated investors on its research findings. The pharmaceutical company said that it had conducted further research regarding its Nuvec delivery system. Adding to previous findings, the company said that upon further analysis of its pDNA OVA results, this revealed demonstrated the immune response observed was […]

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The UK government should introduce a tax on ‘virgin packaging’ to further kickstart recycling efforts against the use of single-use plastics, a new report has recommended. The study, which was commissioned by The WWF and the Resource Association and produced by Eunomia, recommended that the tax be introduced to combat our reliance upon single-use plastics. […]

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Ikea announced plans to cut 7,500 jobs over the course of the next two years, as the retailer adjusts to changing consumer habits. The Swedish furniture giant is set to instead create smaller shopping locations, in turn creating 11,500 new roles. However, the move will also see the company shed thousands of employees, with many […]

The post Ikea set to cut 7,500 jobs in bid to “remain relevant” appeared first on UK Investor Magazine.

Italy budget: the EU have rejected Italy’s proposed budget for 2018/19 once again, threatening to begin disciplinary procedures against the nation. After rejecting the budget proposal once again, The European Commission (EC) concluded that Rome had “seriously violated” its debt rules. The EU and Italy are at odds over the country’s deficit targets, in particular. […]

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Easyjet shares (LON:EZJ) plunged during Tuesday trading, despite the airline posting a 41% rise in profits for the year. Despite continual uncertainty surrounding Brexit, the low-cost airline reported pre-tax profits soared of £578 million for the year to 30 September. Easyjet noted a record number of passengers of 88.5 million, an increase of 10.2%. It […]

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The price of bitcoin hit fresh lows on Tuesday, falling below $5,000 to $4,387. There is not doubt that 2017 marked a stellar year for the leading cryptocurrency, with the price of Bitcoin rallying to highs of $19,511 back in December. However, it has proved a particularly volatile week for Bitcoin, with the cryptocurrency tumbling […]

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Nakama shares (LON:NAK) rallied on Tuesday morning after the company reported a profit in its latest half-year results. The company, which specialises in recruitment, reported a net fee income of £2.7 million, the same figure posted back in 2017. Permanent placement revenue also remained flat at £1.7 million. Meanwhile, contractor revenue dipped slightly to £6.3 […]

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Galileo Resources shares (LON:GLR) rose during Wednesday trading after the company announced an exploration target at its Star Zinc Project in Zambia. The resource and development company said that the target had been located at the Star Zinc project, which it owns a 80.75% stake in. According to the update, the exploration target is estimated […]

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Transport for London (TfL) is set to lose £200 million next year due to Crossrail delays, the London Assembly has concluded. Earlier this month, Crossrail’s chief executive Simon Wright announced his resignation amid continual delays to construction of the project. The Elizabeth line was initially due to be completed in December of this year, however, […]

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SSE profits (LON:SSE) tumbled 40% for the half-year, with the company blaming higher gas prices. The energy firm reported that adjusted earnings per share is 19.6 pence, down 39.9%. Adjusted profit before tax came in at £246.4 million. The statement added that loss per share would 22.6 pence, on a reported pre-loss of £265.3 million. […]

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Flybe (LON:FLYB) is set it to put itself up for sale, a mere few weeks after issuing a profit warning. The low-cost airline has been struggling for a host of reasons in recent years. Namely, higher fuel prices, continued Brexit negotiations and pound sterling volatility had all impacted profits. Back in October, the Exeter-based air […]

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UK inflation in October held steady at 2.4%, below analyst expectations of 2.5%. The Office for National Statistics (ONS) noted declines in food and clothing prices, however these were partially offset by petrol, diesel and gas prices. ONS head of inflation Michael Hardie said: “Prices paid by consumers continued to rise at a steady rate […]

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Oil prices rebounded on Monday morning after Saudi Arabia pledged to cut oil production in December. Khalid al-Falih, The minister for Energy, announced that Saudi Arabia would cut production by 500,000 barrels per day in December. Commenting on the pledge, Khalid al-Falih, said: “If all things remain equal, and they almost certainly will not as […]

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Amur Minerals shares fell over 9% on Monday after the company announced a delay to its Kun-Manie study. The mineral exploration company said that results from the Pre-Feasibility Study for its Kun-Manie nickel copper sulphide project would take longer than initially expected. Despite the delay, Amur Minerals confirmed that it continued to hold talks with […]

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Anglo African Agriculture shares (LON:AAAP) rallied over 60% on Monday morning after the company issued a trading update. The agricultural trading group, which focuses its efforts in Africa, confirmed that it had met the conditions of a proposed provision of a $1 million loan to a Kenyan-based port and logistics group. David Lenigas, Non-Executive Chairman, […]

The post Anglo African Agriculture shares rally over 60% appeared first on UK Investor Magazine.

The US midterms drew to a close during the early hours of Wednesday morning, with both sides claiming respective victories. Whilst the Democrats ended the Republicans 8-year hold of the House of Representatives, Republicans made gains in the upper chamber of Congress. President Trump took to twitter to announced a press conference to discuss ‘success’ […]

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John Lewis chairman, Sir Charlie Mayfield, has announced his departure from the group in 2020. The new chairman is set to be announced during the second half of 2019, and both internal and external candidates are being considered for the role. Sir Mayfield has been in the role as of 2007. In 2014, he received […]

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The post Grand Vision Media Holdings targets Chinese middle class with advertising solution appeared first on UK Investor Magazine.

The UK service sector saw sharp slowdown in October, according to a survey of executives. The IHS Market services purchasing managers’ index revealed the slowest pace of growth since the beginning of the year. The survey for the sector, which includes hotels, restaurants, transport and finance, showed more cautious spending patterns, as Brexit uncertainty continues […]

The post UK service sector growth falls to seven-month low appeared first on UK Investor Magazine.

L’Oreal shares soared on Wednesday after the cosmetics giant posted strong third quarter results. Last night the French cosmetics firm posted revenues of €6.47 billion (£5.75 billion) in the July to September period, up 6.2% from the year before, and 7.5% on a like-for-like basis. L’Oreal attributed the strong performance to growth in Asia in […]

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William Hill have launched a £242 million bid for Swedish gambling group Mr Green. The deal will potentially secure an international hub for the business outside of the UK and Gibraltar, as it looks to hedge its business against Brexit. Currently, Mr Green holds remote gambling licenses in Denmark, Italy, Latvia, Malta, the UK and […]

The post William Hill launch £242m bid gambling group Mr Green appeared first on UK Investor Magazine.

Jaguar Land Rover (JLR) reported a loss for the three months to September, with sales falling 13.2%. The UK car-maker posted pre-tax losses of £90 million as a result of the fall in sales during the third quarter. The company reported revenues of £5.6 billion, down 10.9% year-on-year, alongside EBITDA of £511 million. Pre-tax losses […]

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Next (LON:NXT) shares fell on Wednesday morning after the company reported a slowdown in sales growth for the quarter. Sales for the third quarter were down 8% year on year, and 6.3% compared with the previous year. However, online sales lifted profits, up 12.7% in the three months to October end. Despite the somewhat disappointing […]

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N4 Pharma (LON:N4P) shares ticked up on Monday after the company announced a positive set of results from its Nuvec research study. The pharmaceutical firm, which specialises in developing vaccines and cancer treatment, conducted research to determine the immune response that Nuvec can produce. According to the statement, the research study revealed that Nuvec(R) particles […]

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Greatland Gold (LON:GGP) shares were up on Wednesday after the company announced the identification of new targets at Saddle Reefs. The precious metals exploration company said the results of a 3D Induced Polarisation survey have revealed a ‘large, buried geophysical target at the Saddle Reefs prospect’, situated in the Black Hills licence in the Paterson […]

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Yu Group shares plunged as much as 80% on Wednesday morning, after the company warned on profits. The energy supplier warned that profits for the financial year would be down by £10 million, signalling a loss. According to the company statement, Yu Group flagged historic accrued income and higher levels of trade debt as key […]

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Premier Veterinary Group (LON:PVG) shares fell by more than 30% on Wednesday, after the company forecast a loss for the year. Premier Veterinary Group said it expects group turnover for the year ending 30 September to be approximately £3.15 million, indicating growth of 24% from the previous year. Nevertheless, PVG said earnings before tax, interest […]

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Safestyle UK shares rose on Monday morning after the company announced it had entered into a commercial agreement with co-founder Mitu Misra. The company said in a statement on Monday that it had entered a five-year non-compete Misra, who was a party to the firm’s dispute involving Niamac Developments Ltd, trading as Safesglaze. As part […]

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Profits at Dr Martens’ grew 33% for the year, as the company enjoyed strong sales in Europe and the Middle East. Revenue rose 33% to £50 million the year to March, with sales rising 20% to £348.6 million. Like-for-like retail sales grew 7%, while wholesale sales rose 16% to £208 million for the year to […]

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Ryanair (LON:RYA) reported a 7% fall in half-year profits, blaming strike action and higher fuel costs. The low-cost airline posted a fall in profits to €1.2 billion (£1.06 billion) for the six months to 30 September. Ryanair attributed the decline to industrial action across the period, as well as rising fuel prices. Back in October, […]

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Shares in Mediclinic (LON:MDC) fell on Wednesday, after the company issued a trading update on its interim results. The firm, which specialises in providing private healthcare, warned of weaker-than-expeceted performance in Switzerland. The South African company said it expects to report a 2% increase in sales for the first half the year to September-end, alongside […]

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Flybe (LON:FLYB) shares plunged on Wednesday morning, after the company issued a profit warning for the year. The low-cost airline warned that amid softer trading, it now expects second half revenue to be behind market expectations. Flybe attributed the disappointing performance to higher fuel costs, carbon prices as well as pound volatility for further denting […]

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UK inflation levels fell to 2.4% in September, driven in part by lower food prices. The Office For National Statistics (ONS) said inflation in September fell to 2.4%, compared to 2.7% back in August. This was attributed to lower prices for both food and non-alcoholic drinks. Moreover, the ONS said that transport also had a […]

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Asos shares (LON:ASC) ticked up as much as 14% on Wednesday after the company posted a strong set of results for the year. The online fashion retailer posted a £500 million rise in revenue to £2.4 billion for the year to 31 August. Profit also rose 28% to £102 million, slightly above expectations. Back in […]

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EY Item Club have warned that the UK is set for three years of lagging growth. Previously, The EY Item Club forecast GDP growth of 1.3% for 2018, and 1.5% in 2019. This marked a downward revision from 1.4% and 1.6% projected in its previous outlook three months ago. However, the economic forecasting company said […]

The post EY Item Club: UK set for three years of low growth appeared first on UK Investor Magazine.

Since the financial crisis of 2008, housing markets across the world have begun to show signs of recovery. Nevertheless, some of the world’s biggest and most popular cities property markets are continuing to cool. So, which cities are struggling to sell? London Whilst previously consistently ranked as one of the leading prime luxury property markets, […]

The post House prices: which major global cities are struggling? appeared first on UK Investor Magazine.

ConvaTec shares (LON:CTEC) plunged on Monday, after the company warned on profits and announced the departure of its chief executive. The international medical and technologies company announced the retirement of Chief Executive Paul Moraviec, with immediate effect. Moraviec is set to be replaced by Rick Anderson, who will assume the role of interim chief executive […]

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Shares in Velocys (LON:VLS) continued to rally on Monday after the company issued a trading update to investors. The company, which specialises in renewable fuels, acknowledged the recent share price movement in the statement, updating investors on progress. Specifically, Velocys said that it continues to drive ‘strong progress’ with its Bayou Fuels biorefinery project in […]

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Superdry shares (LON:SDRY) fell almost 30% on Monday, after the company issued a profit warning. The clothing retailer blamed ‘unseasonably hot weather conditions in the UK, continental Europe and the USA’ for the disappointing sales. Moreover, an additional bout of warmer weather in October has also affected sales of jumpers and jackets. Superdry also said […]

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Shares in Advanced Oncotherapy (LON:AVO) soared on Wednesday morning, after the company announced it had reached a milestone in the development of its LIGHT cancer treatment system. The company, which specialises in proton-beam cancer treatment, announced that it had successfully integrated four sections of the light accelerator. During testing, the proton beam accelerated through all […]

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Google (NASDAQ:GOOGL) is appealing a record €4.3 billion fine after it was accused of utilising its Android system to “cement its dominance”. The tech giant announced the appeal on Tuesday and it could take up several years to be resolved. The European Commission found that the company had illegally forced phone manufacturers to pre-install its […]

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Telford Homes (LON:TEF) warned of the impact of Brexit uncertainty upon housing demand on Wednesday. The house builder said that an increasingly stagnating London property prices, alongside continued Brexit-related uncertainty had been having a negative impact upon the housing market. Specifically, house prices in the capital have fallen sharply compared to the rest of the […]

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Global efforts to switch to renewable energy have been ramping up in recent years, with nations increasingly banding together to fight climate change. Accordingly, the International Energy Agency (IEA) has now said that it expects renewable energy used globally to grow 20 percent in the next five years, to 12.4 percent by 2023. In fact, […]

The post Renewable Energy: which countries are leading the green revolution? appeared first on UK Investor Magazine.

Amino Technologies shares (LON:AMO) plunged on Monday morning after the company warned on profits for the year ending 30 November. Amino said it expects pre-tax profits to come in at $11.5 million, which is said reflected ‘an intensification of external macroeconomic headwinds’. Specifically, the company said it had been affected by lower volume of orders […]

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The UK Supreme Court is to hear a court case with a female majority, for the first time since its creation. Following the swearing in of two new justices, a quarter of the UK’s highest court are now women. The female justices on the UK Supreme court now include President Lady Brenda Hale, Lady Justice […]

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RedT Energy shares (LON:RED) plunged on Wednesday after the company announced that a share issue raised £5.3 million. The energy storage solutions company said that it had raised the funds from institutional investors through a placing by VSA Capital and Investec Bank plc of 71,903,366 ordinary shares of €0.01 each, at a price of 7 […]

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Topps Tiles shares (LON:TPT) rallied on Wednesday morning, after the company issued a promising trading update for the year. According to the update, the tile specialist said that it expects adjusted revenues to be in the region of £215 million, compared £211.8 million reported a year previously. It said that like-for-like revenues during the 52-week […]

The post Topps Tiles shares rally after promising trading update appeared first on UK Investor Magazine.

Despite resigning from the cabinet back in July, Boris Johnson is never far from the headlines. Perhaps one of the most well-known advocates of Vote Leave, Boris Johnson had long been a popular figure in British politics, famed for his superfluous use of language and eccentric character. However, in recent months, the former London Mayor […]

The post Beyond ‘Boris Bikes’: What lies next for Boris Johnson? appeared first on UK Investor Magazine.

Phillip Hammond has criticised former foreign secretary Boris Johnson in a series of interviews prior to his speech at the conservative conference in Birmingham. In particular, the chancellor expressed doubts over Mr Johnson’s leadership ambitions in an interview with the Daily Mail. Hammond said of Boris becoming PM: “I don’t expect it to happen”. Hammond […]

The post Philip Hammond slams Boris Johnson ahead of Conservative Conference speech appeared first on UK Investor Magazine.

Shares in Avocet Mining (LON:AVM) plunged more than 30 percent on Monday morning, after the company issued an interim update. The gold mining firm said that it still remains in talks with its largest shareholder, Elliot Management, to restructure its debts. Whilst the company said it had sufficient funds providing capital and interest from the […]

The post Avocet Mining shares plunge amid possible break-up appeared first on UK Investor Magazine.

Ryanair has warned on profits for the year, attributing the weaker performance to the impact of strike action and rising fuel prices. The budget Irish airline said full-year profits will be down 12 percent. It now expects profits to fall within the range of between €1.1 billion and €1.2 billion, down from the previously forecast […]

The post Ryanair warns on profits as strike action hits appeared first on UK Investor Magazine.

Tesco Bank has been fined £16.4 million by the Financial Conduct Authority (FCA) for failing to protect customers during a cyber attack back in 2016. The FCA said the attack netted cyber-attackers £2.26 million after fraudsters targeted customers accounts. Tesco have admitted that the attack results in 34 fraudulent transactions, in which funds were lifted […]

The post Tesco Bank faces £16.4m penalty over cyber attack appeared first on UK Investor Magazine.

Barclays (LON:BARC) has apologised for giving thousands of customers wrong information regarding payment protection insurance (PPI) claims. The bank admitted that some customers had been told they had not taken out PPI despite this not being the case. However, the bank said it was taking the necessary steps to contact the “very small percentage of […]

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The Labour Conference in Liverpool came to an end today after Labour leader Jeremy Corbyn delivered his highly-anticipated closing speech. Whilst such annual events are often used as an opportunity to re-focus policy agendas and clarify the official stance, Labour’s conference arguably continued to expose divisions. We’ve rounded up five of the biggest talking points […]

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The shadow Brexit Secretary has said that Labour are not necessarily ruling out a remain option, should a second referendum go ahead. The Former QC and current MP for Holborn and St Pancras, Sir Kier Starmer, made the comments during his speech at the annual party conference in Liverpool. Specifically, Sir Starmer took the opportunity […]

The post Brexit: ‘nobody ruling out remain’, says Starmer appeared first on UK Investor Magazine.

Tesco Bank has been fined a record penalty of more than £30 million over a cyberattack back in 2016. The fine, which has been imposed by the Financial Conduct Authority (FCA), was a result of an incident dating back to November of 2016. As a result of the cyber attack, Tesco’s banking division said at […]

The post Tesco Bank hit by record penalty from FCA appeared first on UK Investor Magazine.

Shares in Futura Medical (LON:FUM) plummeted on Wednesday after the company issued a market update. The pharmaceutical firm said in the statement that potential investors have asked for further tests on its MED2002. Its MED2002 product is a topical gel for the treatment of erectile dysfunction, which it describes as a “breakthrough” innovation. As a […]

The post Futura Medical shares plummet amid further test requirements appeared first on UK Investor Magazine.

A Treasury committee report has called for greater regulation of the cryptocurrency market. MPs expressed their concern that consumers were left unprotected in the ‘Wild West’ cryptocurrency industry. Cryptocurrencies such as Bitcoin and Ethereum are currently unregulated by the FCA and the government, raising concerns over consumer protection. Due to the lack of regulation, government […]

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Sainsbury’s-Asda merger is set to be subject to an in depth investigation by the competition authority. The Competitions and Markets Authority (CMA) said that the merger “raises sufficient concerns to be referred for a more in-depth review”. The CMA has launched the second part of an investigation into the £12 billion merger amid concerns that […]

The post Sainsbury’s-Asda merger set to be investigated further appeared first on UK Investor Magazine.

UK inflation unexpectedly hit a six-month high of 2.7 percent in August, according to the latest Office of National Statistics (ONS) figures. This proved above Economist expectations of UK inflation coming in at 2.4 percent. Despite the rise, wages are still outpacing inflation, with wages excluding bonuses up 2.9 percent in the three months to […]

The post UK inflation hits six-month high in August appeared first on UK Investor Magazine.

Theresa May defended her proposed Chequers plan for Brexit in an interview with the BBC. In an interview with Panorama, The Prime Minister said: ‘it’s either my deal or no deal’, despite mounting opposition from Brexiteers over her Chequers proposal. With respect to negotiating a deal, Theresa May remained optimistic of the road ahead, she […]

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Christie Group shares (LON:CTG) soared on Monday after the company posted its interim results for the first six months of the year. The professional business services company reported that first half revenues were up 10 percent to £38.4 million, compared to £34.9 percent a year previously. First half operating profit came in at £2.0 million, […]

The post Christie Group shares up amid strong first half results appeared first on UK Investor Magazine.

MyCelx Technologies (LON:MYX) shares soared on Wednesday on the back of a strong set of half-year results. The company, which specialises in clean water technology in the oil industry, reported a 107 percent increase in revenue for the year. Revenue came in at $12.2 million compared to $5.9 million for the year before. MyCelx Technologies […]

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The UK’s growth rate is forecast to dip to 1.3 percent as Brexit uncertainty continues to impact consumer spending and investment, according to KPMG. According to the consultancy firm, Brexit uncertainty will continue to drag down the UK’s economic performance, falling this year. This proves a gloomier assessment that the Bank of England, who opted […]

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RPC Group (LON:RPC) announced it is in early buyout talks with Bain Capital and Apollo Global Management. The UK-based plastics packager said that both companies have until the 8th of October to announce whether they intend to make a firm offer. RPC had been under pressure in recent months from stakeholders to raise more capital […]

The post RPC Group in buyout talks with Bain and Apollo appeared first on UK Investor Magazine.

More than two years on from the initial vote to leave the European Union, and the UK looks no closer to securing a favourable Brexit deal. After a string of cabinet resignations and a lack of discernible progress in securing a trade agreement, concerns continue to mount over whether the Prime Minister is indeed fit […]

The post Is Theresa May fit to lead us through Brexit? appeared first on UK Investor Magazine.

British Gas has paid out £2.65 million in refunds and compensation after wrongly charging customers who switched providers. Ofgem, the UK’s government energy regulator, found that British Gas had charged customers a more expensive variable tariff rate after they decided to switch suppliers, following a system error. A spokesperson for Centrica (LON:CNA), the company that […]

The post British Gas pays out £2.65m for ‘invalid’ exit fees appeared first on UK Investor Magazine.

Greatland Gold (LON:GGP) has identified a large gold target at its Firetower Project, causing shares to rally on Monday. The precious and base metals exploration company said it had identified the new targets following a 3D induced Polarisation Survey at its Firetower project in Tasmania, Australia. Firetower is currently 100 percent owned by Greatland Gold, […]

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Pathfinder Minerals (LON:PFP) announced a change in directorship on Monday, causing shares to rise. The natural resources company announced the departure of director Nick Trew, effective from today. His successor is Scott Richardson Brown, previously a non-executive director of the Company. In the statement, the company thanked Mr Trew for his time at the company. […]

The post Pathfinder Minerals announce new director, shares rise appeared first on UK Investor Magazine.

Pay of the UK’s top executives has risen 11 percent over the course of the last year, according to a recent survey. Overall, Britain’s top chief executives received an 11 per cent increase in remuneration last year, with median salary rising to £3.93 million. The survey reviewed average salaries of FTSE 100 bosses, including base […]

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Premier Veterinary Group shares (LON:PVG) soared after the company said it had completed a major US contract signing. The company said that on an initial basis, the contract is set to introduce PVG’s preventative healthcare programme for pet to 15 of the Customer’s animal hospitals. According to the statement, the customer operates over 140 hospitals […]

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UK inflation rose to 2.5 percent in July, marking the first increase since November. The Office for National Statistics (ONS) said that the Consumer Priced Index rose by 2.4 per cent year on year in June, in line with analyst expectations. After holding steady for the start of 2018, July’s figures reveal that UK inflation […]

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Fusion Antibodies (LON:FAB) shares sank on Monday after the company update the market on trading for the financial year. Whilst results for the financial year ending March 2018 were in line with expectations, trading proved ‘slower than anticipated’. Fusion attributed this to increased competition as well as resultant pricing pressures. In addition, contract delays impacted […]

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Bain capital are in ‘advanced talks’ to take Esure (LON:ESUR) private, with a £1.2 billion bid on the table. Insurance firm Esure confirmed it had received an unsolicited offer from Bain Capital, a private equity firm. The proposed bid of 280p a share would mean a 37 per cent boost on the closing price of […]

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Train fares are expected to rise 2.5 percent in from 2019, according to economists. This follows thousands of delays and cancellations over the course of the year from many train operators, causing chaos for commuters across the UK. This follows a 3.6 per cent rise at the start of the year, already marking the highest […]

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UK retail spending fell for July, according to Visa, as the high street continues to struggle. Visa said despite optimism that the heatwave would spur on consumers, spending was down 0.9 percent in July compared with the same month a year previously. The steepest fall was in “face to face” spending in retail outlets, which […]

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Ticketmaster plans to close its two controversial resale sites, GetMeIn and Seatwave. The decision came after mounting criticism that the secondary sites had become a target for “professional sellers”, who would sell tickets at huge markups. Ticketmaster, which is owned by Live Nation (NYSE:LYV), said the platforms would be replaced with a fan-to-fan exchange, selling […]

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Billionaire Elon Musk said he is considering taking his company, Tesla (NASDAQ:TSLA), private. Mr Musk took to twitter to announce the news. He tweeted: Am considering taking Tesla private at $420. Funding secured. — Elon Musk (@elonmusk) August 7, 2018 https://platform.twitter.com/widgets.js In addition, Musk said that shareholders would be offered $420 per share, and that […]

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PepsiCo chief executive Indra Nooyi (NASDAQ:PEP) is to step down after 12 years at the helm. 64-year old Nooyi has been with Pepsico for 24 years, and is recognised as one of the most powerful women in business. During her time at the beverage and snack company, she oversaw the the acquisition of Tropicana back […]

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The pound sterling hit further lows on Monday morning, after a UK government minister warned of the likelihood of a no-deal with regards to Brexit negotiations. Liam Fox MP, the International Trade Secretary said in an interview with the Sunday Times, that the chance of a no-deal now stood at 60-40. The comments sent the […]

The post Pound sterling plunges to 11-month low amid no-deal Brexit concerns appeared first on UK Investor Magazine.

Shares in Ascent Resources (LON:AST) plunged more than 40 percent on Monday morning, after the company issued an update to investors. The oil and gas exploration company launched a strategic review back in April to assess its options. According to the update, Ascent said that the review resulted in the firm holding talks with various […]

The post Ascent Resources shares plunge amid “strategic review” appeared first on UK Investor Magazine.

House of Fraser announce the closure of 31 stores of its 59 stores, as it looks to settle a legal row with landlords, and find a potential investor. The struggling department chain reached the settlement with landlords to close over half of its locations, as it looks to strengthen its position to negotiate a rescue […]

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The Bank of England has raise UK interest rates to 0.7 percent, marking the highest level since March 2009. The Bank decided to raise the rate by a quarter of one percent, from 0.5 percent, marking the second raise in a decade. The monetary policy committee reached the decision unanimously , after concluding that the […]

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Shares in Mosman Oil and Gas (LON:MSMN) soared on Monday after the company issued an update on its Welch Project. The oil and gas exploration company noted that production at the project had significantly, almost doubling after recent repairs. The firm previously reported oil production for the six months ending June 2018 of 4,309 barrels, […]

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American Airlines (NASDAQ:AAL) has issued a profit warning for the second quarter, after higher fuel costs weighed. The U.S-based airline said it expects to earn an adjusted per-share profit of between $4.50 and $5 a share for the year, down from previous April estimares of between $5 and $6. During the quarter, American said revenue […]

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Facebook shares (NASDAQ:FB) plunged more than 20 percent on Wednesday amid slowing revenue growth. Monthly active users rose 11 percent year over year to 2.23 billion, alongside daily active users, at 1.47 billion. Growth remained in the US and Europe, which constitute the company’s largest advertising markets. However, this proved the social media’s slowest growth […]

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Donald Trump took to twitter once more to defend trade tariffs, ahead of the President’s meeting with EU commissioner, Jean-Claude Juncker. The 45th President of the United States took to the social media platform to praise the high tariffs he had recently imposed as “the greatest”. He tweeted: Tariffs are the greatest! Either a country […]

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Catena Media has taken steps to solidify its financial vertical lead by acquiring news website LeapRate.com, a Forex Exchange news portal. Specifically, LeapRate.com specialises in providing news and information on the global Forex sector. The site’s covers stories on companies providing retail and institutional FX, CFDs and cryptocurrency trading, alongside those providing technology and services […]

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Shares in Red Emperor Resources (LON:RMP) soared on Monday after the company announced it is set to acquire a large oil prospect acquisition in Alaska. Shares have jumped over 100 per cent after the company announced it had formed a consortium with “well-funded and experienced” JV partners” to commence drilling in early 2019. Red Emperor’s […]

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Audi chief executive, Rupert Stadler has been arrested in connection with the VW diesel emissions scandal. Prosecutors have confirmed that Mr Stadler has been detained as of Monday by German authorities. The Munich prosecutor’s said in a statement: “As part of an investigation into diesel affairs and Audi engines, the Munich prosecutor’s office executed an […]

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The UK remains the top spot for attracting foreign direct investment (FDI), but Brexit uncertainty continues to lessen its lead, according to newly released figures. Last year the UK attracted 6 per cent more FDI developments than 2016, according to figures collated by EY in a survey of 450 global investors. After London, Scotland proved […]

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Troubled retailer Poundworld has appointed administrators after rescue talks failed to progress. the discount shop was forced into administration this week after talks with potential buyer, R Capital, collapsed. The unravelling of the chain, which operates some 355 stores across the country, means over 5,000 jobs are at risk. Deloitte, the administrators, have insisted that […]

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The price of Bitcoin plummeted substantially on Monday morning, after the market reacted to the news of the hacking of South Korean cryptocurrency exchange, Coinrail. A tweet from Coinrail confirming the hack sent the price of Bitcoin down 10 percent on Sunday, loosing $500 (£372) an hour. Some sources have speculated that Coinrail lost cryptocurrencies […]

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Real Good Food (LON:RGD) announced its intention to launch an Open Offer to raise up to £1 million in capital. The Liverpool-based company revealed in a statement its intention to launch an Open Offer on Wednesday. As a result, qualifying shareholders will be able to subscribe for new ordinary shares of 2p each in the […]

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Negotiations between Poundworld owners and a potential buyer have broken down, calling into doubt the future of the struggling retailer. The prospective buyer, Alteri Investors, had been involved in advanced talks with Poundworld’s owner TPG, before later pulling out. Amid continued difficulties, about 100 of Poundworld’s 355 locations across the UK were already at risk […]

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Kin Group are set to invest in software company Bidstack, as part of a reverse takeover bid. If successful, the £400,000 investment, which is expected to be completed by August, will see the company return to trading on the AIM market on the London Stock Exchange. James Draper, Chief Executive of Bidstack, commented: “This is […]

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The Bank of England (BoE) have announced its new appointment to the Monetary Policy Committee. Prof Jonathan Haskel has been announced as the new member of the committee, as of September of this year. Prof Haskel is professor of economics and Imperial College Business School, one of the UK’s leading universities. However, the appointment has […]

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UK house prices continued to fall in May, according to the latest figures from Nationwide. The figures revealed that house prices fell by 0.2 percent month-on-month, marking the third fall in four months. On an annual basis, price growth weakened to 2.4 percent from 2.6 percent in April. Whilst UK house prices rose 2.4 per […]

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FirstGroup (LON:FGP) announced the departure of Chief Executive Tim O’Toole, after the transportation operator reported substantial losses for the year. The company reported a £326.9 million pre-tax loss for the year ending March 31, a steep decline from the £152.6 million pre-tax profit reported last year. Adjusted pre-tax profit totalled at £197 million, down on […]

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The Financial Conduct Authority (FCA) have announced plans to crackdown on the issuing of high interest loans. The independent financial watchdog launched an 18 month review into high-cost credit. It has now put forward a set of recommendations with regards to rent-to-own schemes, doorstep lending and catalogue shopping, alongside a review into bank overdraft fees. […]

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Shares in Magnolia Petroleum (LON:MAGP) plummeted on Wednesday after the group announced the cancellation of of its admission to the AIM market. The oil and gas exploration company announced the decision to cancel the listing amid a failure to gain sufficient funding. The company said that despite the recent rise in oil prices, it has […]

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Shares in Greatland Gold (LON:GGP) soared on Monday, after the company announced plans to commence exploration efforts at its Black Hills project. The company confirmed it intends to start exploration at its Black Hills Project in Western Australia after identifying four distinct gold mineralisation zones. Gervaise Heddle, Chief Executive Officer, commented: “Our first exploration programme […]

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East coast mainline is set to be back under public control instead of its current operators Virgin and Stagecoach, who had failed to meet its payments. According to a statement, Stagecoach said it has been told that an “operator of last resort” would be appointed to run its London to Edinburgh service. Stagecoach has been […]

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Crest Nicholson (LON:CRST) shares took a hit on Wednesday morning, after the company issued a profit warning. The housebuilder said that full-year profits would be at the lower end of its forecasts. This was attributed to a flat pricing environment alongside inflationary pressures. Specifically, operating margins for the year are expected to be at 18 […]

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Retail footfall fell by 3.3 per cent last month according to the British Retail Consortium (BRC) and Springboard. The considerable decline was attributed to poor weather conditions and lower dispensable incomes. Whilst a lower decline than the 6 per cent recorded in March, it still marked an “unprecedented” 4.8 per cent decline over the two […]

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British gas owner Centrica (LON:CNA) lost 110,000 accounts in the first four months of the year. Despite the loss in customers, Centrica said it remains set to meet its full-year targets, sending shares up on Monday morning. Amid higher energy prices, the company shed almost 1.3 million energy accounts in last year alone. Centrica attributed […]

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UK inflation unexpectedly fell to 2.5 percent in March, marking the lowest in level in a year. UK inflation fell from 2.7 percent record in February to 2.5, according to the latest figures from the Office of National Statistics (ONS), casting doubts on an interest rate hike from the Bank of England in May. The […]

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Telford Homes (LON:TEF) said it expects to deliver record profits for the year in part due to the shortage of housing in London. The housing builder said it anticipates pre-tax profits to be up by almost a third for the year to March-end, despite a general downturn trend in the housing market across the capital. […]

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Tesco (LON:TSCO) reported a sharp rise in profits for the year in spite of a challenging retail environment. The UK’s largest supermarket reported pre-tax profits of £1.64 billion for the year to 24 February, up from £145 million for the previous year. Sales at UK and Irish stores rose 2.4 per cent in the final […]

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Londoners pay on average four times more Stamp Duty than the rest of UK, according to research from London Central Portfolio. According to the data, Greater London proved the biggest contributor to Stamp Duty at around 39 percent. The research revealed that the Royal Borough of Kensington and Chelsea and the City of Westminster alone […]

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The UK Government has announced plans to “professionalise” the real estate sector, requiring all agents to hold a qualification. On Sunday, Housing & Communities Secretary Sajid Javid announced the introduction of extra protections for buyers, as the government looks to crack down on “rogue” real estate agents. As it stands, anyone can practice as a […]

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Deutsche Bank (ETR:DBK) has ousted its chief executive John Cryan amid continued losses in the last few years. Germany’s biggest lender announced the decision after an emergency meeting was held late into Sunday evening. The move comes amid three years of reported losses and a series of scandals damaging the reputation of the bank. Back […]

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Vauxhall are set to continue production of its new Vivaro van at its Luton plant, despite ongoing “Brexit uncertainties”. The French car manufacturer announced it will increase production in Luton, in spite of on-going Brexit-related uncertainties facing the U.K economy. In a boost to the UK’s automotive industry, the commitment will protect the 1,400 jobs. […]

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Vitesse Media (LON:VIS) are set to launch 12 new diversity events across 2018 and 2019, as the company looks to address gender inequality in the workplace. The digital media and events firm announced on Wednesday it intends to “accelerate” the progression of its gender diversity and ‘Women In’ conferences. The series of international events aim […]

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Sofa retailer DFS (LON:DFS) reported a fall in sales and pre-tax profits for the six months to 27 January, as the British high-street continues to struggle. The firm said revenue discounting acquisitions was down by 3.5 per cent to £366.5 million, with profits 58.1 per cent lower, totalling £7 million. DFS chief executive Ian Filby […]

The post DFS half-year profits plummet over 50 per cent appeared first on UK Investor Magazine.

Concerns continue to mount over the future of retailer House of Fraser, after funding negotiation talks collapsed. Department store House of Fraser is the latest in high street shops to feel the pinch in a difficult trading environment, amid stunted consumer spending and higher rents. According to the Sunday Times, talks were held between the […]

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Shares in Instem (LON:INS) ticked up on Monday, after the company reported a promising set of results for the financial year, alongside a significant extension to a contract deal. The IT solutions provider posted a 19 percent increase in revenue to £21.7 million, compared to £11.7 million. In addition, recurring revenues rose 9 percent to […]

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Facebook shares fell 5 percent on Monday, as investors reacted to the social media platform’s involvement in a data scandal. According to the Observer, Data firm Cambridge Analytica, which collaborated worked with Donald Trump’s election team and the Leave Brexit campaign, harvested the profiles of millions of Facebook’s US voters. A whisteblower revealed to the […]

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Melrose has announced it has offered an additional £1 billion boost to pensions as part of its takeover bid for engineering giant GKN. This comes after GKN rejected what Melrose said last week was its ‘final offer’ of £8.1 billion. GKN previously rejected a £7.4 billion bid made back in January, which it dismissed as […]

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Micro Focus shares (LON:MCRO) plunged on Monday morning, after the tech giant warned of a sharp fall in revenues for the year. The UK-based company warned revenue for the year ending October 31 is set to decline between 6 per cent and 9 per cent, down from its previous forecasts of a 2-4 per cent […]

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Morrisons (LON:MRW) reported a 17 per cent rise in profits on Wednesday, reaping the results from a turnaround initiative, in spite of a difficult trading environment. The UK’s fourth largest supermarket pointed in particular to strong sales of local suppliers’ foods, which has risen 50 percent across the last few years. Morrisons has agreed deals […]

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Cafe Rouge owner, Casual Dining Group, reported a steep loss in profits in the year to May 2017, in another blow to the British high street. The group said losses across the year at its dining locations such as Cafe Rouge and Bella Italia, increased 18 percent to £60 million. The restaurant group attributed the […]

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Shares in Stellar Diamonds (LON:STEL) rallied on Monday, after the company announced the board recommended a merger with Newfield Resources. The deal was proposed last month, and the two groups have since been negotiating terms. Last month chief Executive Karl Smithson said of the proposed deal: “The loan will also be used to pay legal […]

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Melrose has increased its offer for UK engineering firm GKN (LON:GKN) from £7.4 billion to £8.1 billion. The offer was announced by the company in a brief statement released on Monday morning. Melrose said this would be its “final offer” for the company, which would equal 467p per share. The bid would give GKN shareholders […]

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Airbus warned on Wednesday of up to 3,700 job losses amid falling production levels. The European plane manufacturer warned of job losses across operations in the UK, France, Germany and Spain. Its UK arm assured that this would not affect jobs at its Broughton plant in Wales. “Airbus is committed to managing any implications for […]

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New Look has announced the impending closure of 60 of its UK stores, putting 1,000 jobs at risk. In light of a persistently challenging retail environment, the high-street giant is proposing a Company Voluntary Agreement (CVA) to creditors. This would in turn help bring down its rent costs, as well as allow for the revision […]

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Donald Trump has fallen more than 200 places on the Forbes annual billionaires list. The US President, who made his name as a real-estate and reality tv mogul, has seen a dramatic fall in the rankings since the launch of his presidential campaign. Trump was ranked as No. 776 out of 2,208 on this year’s […]

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Shares in Nature Group (LON:NGR) plummeted on Wednesday morning after the company issued a disappointing trading update. The port reception facility and waste treatment solutions provider updated the market on the financial progress for 2017, after a challenging first six months to the year. The group provides these services for oil, marine and process industries. […]

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With the global sell-off continuing to push stocks lower over the past couple weeks, the so-called Donald Trump effect may have reached its climax. Despite the market optimism that followed the election of decidedly pro-business Trump, the first weeks of February have signaled perhaps an end to record highs of 2017. Last week, global stocks […]

The post Is the ‘Trump effect’ on the stock market over? appeared first on UK Investor Magazine.

Amazon (NASDAQ:AMZN) is set to open its first checkout-free supermarket location in the U.S on Monday, as it looks to revolutionize retail. The online giant is opening its first AmazonGo location in Seattle, with staff having tested out the concept over the course of the last year. Gianna Puerini, head of Amazon Go, said the […]

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Average UK property prices were up £2,000 in January, according to data from Rightmove. Britain’s biggest property website said average asking prices rose 0.7 per cent month on month in January to £297,587. Conversely, asking prices fell 2.3 per cent in December. However, property prices in the capital were dragged down by falls in Zones […]

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Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) hit by tougher tax enforcement put in place by the EU. Technology giants Amazon and Apple have been ordered by Brussels to pay back a series of owed money to the union, after it deemed it had received unfair tax breaks. Specifically, Amazon has been ordered to pay around €250 […]

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Unemployment in the UK fell to 4.4 percent in the second quarter of 2017, the lowest level since 1975. Unemployment for the quarter fell by 57,000 for the three months to June, marking the lowest level in over 30 years. In addition, the figures released by the Office for National Statistics (ONS) revealed wage growth […]

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UK Businesswomen are less confident about post-Brexit prospects in the UK than their male counterparts, a study has found. The study conducted by RateSetter Business Finance revealed that of those surveyed, 10 percent of female business leaders believe that Brexit will be positive for their business. This proved comparatively low to 21 percent polled across […]

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Whitbread plc (LON:WTB) enjoyed a resilient performance across the spring period, boosted by its Premier Inn chains. The group, which also own Costa Coffee, saw its Premier Inn sales grow by more than double across the period, as it benefited from a “resilient hotel market”. Premier Inn’s like-for-sales rose 4.7pc in the 13 weeks to […]

The post Whitbread plc boosted by strong spring for Premier Inn appeared first on UK Investor Magazine.

Jeremy Corbyn has confirmed that he intends to impose a three-line whip on Labour MP’s for the upcoming parliamentary vote on Article 50. The Labour leader said in an interview with Sky News, that he intends to enforce the strongest form of party discipline to ensure that MP’s both attend and vote in favour of […]

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Dixons Carphone (LON:DC) reported a 19 percent rise in profits across their phone and electrical homeware appliances. In the six months to 29 October, pre-tax profits rose to £144 million with sales increasing by 4 percent to £4.9 billion. With respect to the Brexit vote, the company said that they had yet to feel any […]

The post Dixons Carphone profits rise 19% appeared first on UK Investor Magazine.

McDonald’s has announced its intention to move its non-tax base to London from Luxembourg. The fast-food giant will create a new holding company in the UK, and will pay UK taxes on any profits earned outside of the U.S. It said it came to the decision after taking into consideration the vast amount of employees […]

The post Mcdonald’s to move non-tax base to London appeared first on UK Investor Magazine.

The Russian government has agreed to sell its largest oil stake in Rosneft, in a bid to rescue its ailing economy. London-listed company Glencore and the Qatar Investment Authority (QIA) have agreed to acquire a 19.5 percent stake in the company for €10.5bn (£8.9bn). According to the deal, Glencore will supply €300 million in funding, […]

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Italian banks have showed signs of recovery on Wednesday, after a heavy referendum defeat led to the resignation of Prime Minister Matteo Renzi. Following the Italian people’s overwhelming “No” response to proposed constitutional reforms, Italian banking shares plummeted amidst concern over the country’s political instability. However, shares in the world’s oldest bank – Monte dei […]

The post Italian Banks show recovery, amid bailout hopes appeared first on UK Investor Magazine.

The UK service sector has seen its fastest growth since January, despite continued anxiety over Brexit uncertainties. Despite an initial slowdown, British hotels and banks look to cap off the year with solid performances suggesting a resilient UK economy. According to the Markit/CIPS, UK services PMI rose to 55.2 in November up from 54.5 the […]

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Former Prime Minister Sir John Major has argued that there is a legitimate basis for a secondary referendum, to ensure that those who voted to remain are fairly represented. During a private dinner, the former Conservative leader argued that the government should not impose its negotiations on the people without further consultation. “I hear the […]

The post “Perfectly credible” case for second referendum, argues Sir John Major appeared first on UK Investor Magazine.

Electrocomponents posted a 76 percent rise in first-half pre-tax profit on Friday, following a raise in cost-saving targets. The UK-based electronics distributor announced that it has raised its cost-savings targets to £18 million pounds ($22.3 million) for the year ending March 2017, up from initial projections of £15 million pounds. In addition, the company said […]

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Birmingham offers better value for money than both Brisbane and Brooklyn for property investors, according to research compiled by Investorist. The UK’s second biggest city has seen a massive regeneration as of late, with the completion of a vast redevelopment of Birmingham New Street station and the construction of a new Birmingham library just in […]

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Google have announced plans to open a new headquarters in London, which is set to create around 3,000 jobs by the year 2020. The headquarters will be a re-development of the current space occupied by Google in Kings Cross, London. Currently, Google employs around 4,000 people across the UK; however with this latest investment, that […]

The post Google to commit £1 billion investment in UK appeared first on UK Investor Magazine.

Amazon is set to launch a music streaming service that will host around 40 million songs, rivalling competitors such as Spotify and Apply Music. The service which is called ‘Amazon Music Unlimited’ will be available to customers for the price of £9.99 a month, and will give subscribers access to an extensive library of music. […]

The post Amazon UK launches Spotify Rival appeared first on UK Investor Magazine.

Governments are not sufficiently prepared for the impact of artificial intelligence upon jobs, according to a Venture poll survey directed at investors Artificial Intelligence According to the research by Venture, an event that taking place at the Web Summit and has thousands of top technology investors in attendance, over half of those polled (53 percent) […]

The post “Artificial Intelligence will destroy jobs”, says poll appeared first on UK Investor Magazine.

Sainsbury’s reported a 9 percent fall in profits for the first-half of the year, sending shares down in mid-morning trading. Profits fell to £277 million, with alongside a 1 percent fall in like-for-like sales in the 28 weeks leading to the end of September. However, total group revenue rose by 1.8 percent to £12.6 billion […]

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Luxury car manufacturer Jaguar Land Rover saw sales rise 11 percent in October, 11 percent higher than the same period of the previous year. The group sold a total of 46,325 vehicles last month, noting a 39 percent sales growth in China, 25 percent in Europe and a smaller eight percent individually in both the […]

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Logistics, residential and retirement sectors are set to be represent the largest European real estate investment opportunities across the next 12 months, according to research by BrickVest. According to newly released research, BrickVest of those property-focused investors polled, 44 percent consider Logistics to be the largest European real estate investment opportunity across the next year, […]

The post Logistics sector presents growing investment opportunities, says research appeared first on UK Investor Magazine.

Resolver.co.uk has secured funding of £2.8 million to make it easier for consumers to complain about brands and companies. The independent website was set up in 2014 by James Walker to enable consumers to raise concerns with brands, companies and organisations in an effective way. The site helps individuals resolve issues and seek re-payments or […]

The post Consumer rights platform Resolver.co.uk secures £2.8m investment appeared first on UK Investor Magazine.

The weakening of the pound has led to a “significant surge” in individuals seeking advice on how to re-locate their pensions out of the UK, according to the boss of one of the world’s largest independent financial advisory firms. The trend has grown in the four months since the UK voted to leave the EU. […]

The post Pound’s turbulence could drive pensions overseas appeared first on UK Investor Magazine.

Apple have announced a price increase of 20 percent for computer products in the UK, in response to the effect of Brexit on the British Pound. The 13-inch Macbook Air, which is the company’s cheapest laptop now costs retails at £949, up from £849. In addition, their Mac Pro desktop computer now costs £2,999, up […]

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BT have taken a £145 million hit following the uncovering of “accounting areas” in their Italian division. The company have found instances of “inappropriate management behaviour” following an internal investigation into BT Italia division. The irregularities were found following the appointment of external advisers to assist with assessing the extent of the issue. BT noted […]

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Debenhams (LON:DEB) reported a 10 percent drop in profits on Thursday, as the department store saw a decrease in clothing sales. The UK’s second largest retailer reported a 7 percent slide in pre-tax profits to £105.8 million in the three months to September. However, underlying profit margins rose by 0.5 percent to £118.2 million. Additionally, […]

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Manufacturing exports have benefited significantly from the weakness of the pound, according to the latest data by the Confederation of British Industry (CBI). The industrial trends survey has revealed that exports grew by their fastest pace in over two and a half years in the three months up to October. The data showed around 29 […]

The post Manufacturing exports boosted by sterling weakness, CBI says appeared first on UK Investor Magazine.

Global shipping firm Hanjin have announced their intention to close all European operations, causing shares to plunge by 12 percent. The company has said it is likely to cease its activities in more than 10 countries, including its European headquarters in Germany. The firm expects to initiate the closure process in Europe as early as […]

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Morgan Stanley (NYSE:MS) reported a 57 percent rise in quarterly profits on Wednesday, after a strong growth in bond trading revenue. The New York-based investment bank posted better-than-expected quarterly figures, reporting a profit of $1.6 billion (81 cents per share), marking a significant 62 percent increase on the $939 million reported for the same period […]

The post Morgan Stanley profit report surpasses expectations appeared first on UK Investor Magazine.

Pearson shares fell by over 10 percent on Monday morning, after reporting a worse-than-expected fall in sales amidst a challenging market. The educational publisher reported disappointing sales numbers, with underlying sales falling by 7 percent in the first nine months of the financial year and 9 percent in North America. This contrasts initial projections by […]

The post Pearson shares fall by 10 percent appeared first on UK Investor Magazine.

  The UK economy faces a “prolonged period” of weakness, according to the latest report from EY Item Club. According to a recently released Autumn report, think tank EY Item Club’s research has indicated the UK economy will experience weaker growth as consumer spending slows and businesses begin to reduce investments. Despite predictions that the […]

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Sky reported a rise in revenue on Thursday, accompanied by news of a slowdown in advertising income. Like-for-like revenues – which mitigate the impact of currency movements – rose 5 percent in the last quarter to September. Subscriber numbers increased by 106,000 over the same period, a decrease on last year’s increased figure of 134,000. […]

The post Sky report revenue rise as advertising dips appeared first on UK Investor Magazine.

Hargreaves Lansdown issued a profit warning on Thursday, after a slowdown in new business growth. According to figures, net new business intake in the September quarter stood at 1.1 billion, down 22 percent from the 1.4 billion recorded in the first quarter of the year. The total number of active client numbers increased by 20,000, […]

The post Hargreaves Lansdown issue warning over investor confidence appeared first on UK Investor Magazine.

  Brexit may have a detrimental effect upon future growth of the National Living Wage, according to a report by The Resolution Foundation. The think-tank’s latest research indicates that leaving the European Union will detrimentally impact the anticipated growth of the national wage boundaries in coming years. The report stated that weak pay growth rates, […]

The post Brexit may affect National Living Wage, report says appeared first on UK Investor Magazine.

Monarch have secured an £165 million investment from majority shareholder Greybull Capital, after concerns the airline would be unable to renew its ATOL membership. The struggling budget airline had faced troubles earlier this year after rumours that they were unable to renew its membership of the Air Travel Organisers’ Licensing (Atol) scheme, which ensures costumers […]

The post Monarch secure £165 million loan appeared first on UK Investor Magazine.

Snapchat’s parent company is considering listing the company on the stock market, in an Initial Public Offering valuing the app at $25 billion. This would be the largest share sale on the US stock exchange since 2014, when Chinese company Alibaba was first listed at a value of $168 million. The app has quickly come […]

The post Snapchat working on $25 billion IPO appeared first on UK Investor Magazine.

TalkTalk have been penalised with a £400K fine after a mass cyber attack last October led to the release of sensitive customer data. Poor security measures at the firm allowed hackers to access the personal details of 150,000 customers, including the sensitive financial data of more than 15,000 individuals. The Information Commissioner’s Office (ICO) fined […]

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Shares in British supermarket Tesco (LON:TSCO) climbed over 13 percent on Wednesday, following a strong set first half results. The figures are the third consecutive quarter of growth for Tesco, the latest sign that chief executive David Lewis’ turnaround plan may be having an effect. Lewis, the former chairman of Unilever, has introduced a series […]

The post Tesco shares rise amid third consecutive quarter of growth appeared first on UK Investor Magazine.

  A ‘Hard Brexit’ may cost the finance industry around £38 billion and up to 7500 jobs, according to a report released today by lobbying group TheCityUK. Should the UK leave the single market and pursue a ‘Hard Brexit’ there could be serious implications for the security of the financial sector, the report concluded. It […]

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The reported release of Donald Trump’s tax return documents suggest that the Republican presidential candidate may not have paid income tax in the US for over a decade. The documents allegedly show that Trump claimed a loss of $916 million by two failed businesses in order to escape paying federal tax. Whilst not an illegal […]

The post Tax returns create fresh controversy for Trump appeared first on UK Investor Magazine.

Article 50 will formally be triggered before the end of the 2017, Prime Minister Theresa May announced in a speech on Sunday. May stated that the two-year Brexit process will be initiated by March 2017, taking Britain out of The European Union by March 2019. The Prime Minister has committed her government to repealing The […]

The post Brexit process to begin at the end of 2017 appeared first on UK Investor Magazine.

Outsourcing company Capita Group issued a profit warning this morning, causing stocks to fall 27 percent. Capita told investors that full-year pre-tax profit would range between £535 million to £555 million for 2016, down from the £614 million previously forecast. The FTSE 100 company supply government agencies with contract staff, including both the NHS and […]

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The first OPEC cut in oil production since 2008 sent markets surging on Thursday, lifting the price of oil between 6 and 7 percent. The landmark agreement is the first of its kind in eight years, with the Organisation of the Petroleum Exporting Countries saying they would reduce output to a range of 32.5 million-33.0 […]

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The Californian born tech giant Apple is to move its London HQ to Battersea Power Station by 2021. Apple plans to move 1,400 staff into the power station, occupying 500,000 sq ft. The move signals a renewed commitment to operations in London and expanding its UK presence. Currently Apple have seven other offices across London, […]

The post Apple to relocate to Battersea Power Station appeared first on UK Investor Magazine.

RBS bank has been delivered a £846m ($1.1bn) fine, after investigations into its involvement in causing the 2008 financial crash. The fine is to be one of three scheduled, after extensive investigations conducted by the National Credit Union Administration (NCUA) board. This most recent fine is however, included within the stipulated £3.8bn that the bank […]

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Several high profile politicians have come under fire following the leak of 1.3 internal files from a off-shore register located in the Bahamas. The Home Secretary, Amber Rudd, is one of the key individuals to have been uncovered as involved by the compromising findings. According to investigations conducted by The Guardian, Ms Rudd has been […]

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Lloyd’s of London have reiterated concerns over Brexit, referring to it as a “major issue” despite promising profit figures. Pre-tax profits were recorded at £1.46 billion in the first months of 2016, which is up 22pc from the previous year. Despite posting record profits today, the London-based insurance market has issued stark warnings over Brexit […]

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Global banking group Citi has been the first bank to contribute towards The Felix Project, donating a generous £200,000. The Felix Project was founded by Evening Standard Chairman Justin Byam Shaw and his wife, Jane, following the death of their 14-year old son in 2014. It aims to help to alleviate hunger and food waste […]

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Apple continues to dominate the smartphone market following the iPhone 7 launch last Friday and difficulties faced by Samsung’s recall of various Galaxy devices. Despite disappointing sales for previous iPhone 6 models, consumer sales for the new handset have thus far proved promising for European networks and phone stockists. On Friday, the iPhone went on […]

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