Watkin Jones: Shares in property developer soar on return to profit January 23, 2025 Shares in Watkin Jones soared more than 13 per cent on Thursday after the property developer swung to profit in 2024. The London-listed firm reported £9.2m in pre-tax profit for the year ended September, up from a £2.9m loss the year prior. Basic earnings per share also swung to 3.5p, up from a loss of [...]
Revolution Beauty expects sales to fall by a quarter in blow to turnaround plans January 23, 2025 Revolution Beauty expects sales to fall by around a quarter in 2025 in a blow to the troubled cosmetics firms’ turnaround plans. The London-listed group said it had experienced some sales softness in its digital channels and an element of de-stocking from US retailers in December. It has also pushed back the launch of certain [...]
IG Group extends share buybacks after Freetrade acquisition January 23, 2025 IG Group is set to spend £50m more on share buybacks following its acquisition of trading app Freetrade. In the firm’s six month results to 30 November, the FTSE 250 firm said it would be extending its previous share buyback programme from £150m to £200m. “It is pleasing to show how we can both invest [...]
Trainline shares fall as national ticketing service unveiled January 22, 2025 Trainline shares dipped this morning after ministers unveiled plans to introduce a national rail ticket website as part of wide-reaching reforms The stock fell more than five per cent in early trading as investors reacted to the news. Great British Railways (GBR), the arms-length body that will oversee the UK’s reformed railway system, will bring [...]
Greggs share price falls after City broker says ‘sell’ January 21, 2025 Greggs’ share price has fallen nearly four per cent after a leading City broker downgraded its rating for the high street chain to ‘Sell’. Panmure Liberum analysts suggested that Greggs’ time of ‘supernormal’ growth – sales rose by nearly 20 per cent in 2023 – may be over. Analysts suggested that Greggs’ roll-out of evening [...]
The FTSE 100 has hit another new high. Next stop 9,000? January 20, 2025 The FTSE 100 has hit another all-time high today of 8,548.59, the second time in two trading days the blue-chip index has hit a record. For the first time, the FTSE 100 passed the 8,500 barrier last week, off the back of hopes that the Bank of England might cut interest rates more aggressively than [...]
What is driving the FTSE 100 surge? January 17, 2025 The FTSE 100 has hit a new all-time high today, with the index within touching distance of 8,500 for the first time. Since the start of the week, London’s main index has grown almost three per cent, outperforming the Nasdaq, the S&P 500, and the Dow Jones. The strong performance from the FTSE 100 came [...]
FTSE 100 hits all-time high as investors bet on interest rate cuts January 17, 2025 The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]
Freetrade: IG Group swoops for trading app January 16, 2025 IG Group has acquired stock trading app Freetrade for £160m, as the FTSE 250 firm looks to target a new UK audience of traders. The trading platform, along with its 720,000 customers and £2.5bn in assets, will move to IG Group in mid-2025, subject to regulatory approval, the firm said in a stock exchange notice [...]
Serco: FTSE giant bags £200m US army deal January 15, 2025 British outsourcing giant Serco has secured a $247m (£203m) contract to enhance the health and fitness of US army soldiers. The government services provider will support 45 US army brigades across 15 locations, including bases in Alaska and Texas. Under the deal, the firm is set to drive soldier fitness, reducing injury rates and supporting [...]