Pepco to sell off Poundland business by September – for £1 May 22, 2025 Discount giant Pepco is set to sell its Poundland business by September as the brand struggles with high costs and low sales. In an update to markets this morning, Pepco said Poundland continued to see “challenging trading conditions” with revenue down 6.5 per cent in the first half of the year. The discount chain now [...]
Diploma: Shares in FTSE 100 firm rocket after profit upgrade May 20, 2025 Shares in FTSE 100 firm Diploma rocketed on Tuesday after the firm upgraded full-year guidance and delivered a strong performance for the first six months of its financial year. In its half-year report, the company, which distributes specialised technical products and services, noted a 14 per cent jump in revenue to £728.5m. Organic revenue growth [...]
Natwest: Government set to sell stake in FTSE 100 giant by June May 16, 2025 The UK government is on track to sell its remaining stake in FTSE 100 lender Natwest as soon as next month after it accelerated the sell-down of its holdings. The Treasury’s share of the FTSE 100 lender is one of British banking’s longest-running sagas, dating back to the 2008 financial crisis. Natwest, then under the [...]
Natwest: Shares in FTSE 100 giant smash decade high May 15, 2025 Shares in banking giant Natwest notched a ten-year high on Thursday as the government continued to whittle down its stake in the lender. The FTSE 100 giant’s stock was up nearly one per cent during mid-day trading and touched highs of 498.8p. Natwest shares are up nearly 24 per cent since the beginning of 2025 [...]
Premier Foods: Mr Kipling maker ups dividend on strong growth May 15, 2025 Revenue at Premier Foods jumped last year, driven by growth in branded goods and international sales. The Mr Kipling owner told markets this morning that adjusted profit before tax rose 8.8 per cent to £169.3m in the year ended March 29. Profit after tax rose 11 per cent, with basic earnings per share up 10 [...]
Vanquis shares jump after recovery from complaints storm May 14, 2025 Shares in Vanquis Banking Group rose on Wednesday after the firm said it had swung back into profitability following a major blow from complaints in 2024. The London-listed bank’s stock was up nearly seven per cent as markets opened, trading above 75p. The Bradford-based lender recorded £2bn in net receivables, the total money expected to [...]
Barclays: Shares in FTSE 100 giant near decade high after upgrade May 13, 2025 Barclays has received a major boost after the FTSE banking giant posted a bumper first quarter, driven by a strong performance in its investment arm. Analysts at RBC have upgraded Barclays’ shares, slapping a 340p target price on the stock – a 14 per cent increase. Shares edged up 0.2 per cent during early trading [...]
On The Beach: Demand for city breaks boosts travel group May 13, 2025 On The Beach has reported a double-digit profit increase in another market-outperforming trading update. The online package holiday specialists told markets this morning that adjusted revenue grew 12 per cent year on year in the first half of 2025. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19 per cent year on year. [...]
Financial Conduct Authority plans to ‘put public back in IPO’ May 13, 2025 After a torrid few years for the London Stock Exchange, the Financial Conduct Authority is opening new avenues to boost initial public offerings (IPOs). The City regulator told industry stakeholders at the London Stock Exchange’s annual IPO Forum last week, it would “put the P back into IPO,” sources attending the event told City AM. [...]
Tesla and Apple shares surge as US markets rally on trade deal May 12, 2025 Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]