Babcock hikes guidance amid Skynet ramp up February 6, 2025 Defence firm Babcock has hiked full-year guidance for revenue and profit as business in its Nuclear and Marine segments has boomed. The FTSE 250 group said on Thursday it expects underlying operating profit to exceed the top end of analyst expectations, which were in the range of £327.1m to £339.7m. Revenue is expected to come [...]
Wizz Air: Why airline faces lengthy spell of turbulence February 4, 2025 Wizz Air is facing some turbulence. Despite enjoying its busiest ever year of passenger traffic in 2024, the Hungarian budget carrier can’t seem to turnaround an ailing share price. The stock is down more than 40 per cent over the last 12 months and fell a further three per cent on Monday after analysts at [...]
St James’s Place and Next help FTSE 100 to another all-time high January 31, 2025 The FTSE 100 has hit another all-time high this morning, with the index up five per cent since the start of 2025. London’s main index rose 0.46 per cent this morning before dropping back slightly, while the more domestically focused FTSE 250 jumped 0.53 per cent. “Given the volatility this week on Wall Street as [...]
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 [...]