FTSE 100 flirts with record high but falters once more June 11, 2025 The FTSE 100 once more narrowly missed on a record closing high on Wednesday after faltering in the final moments of the trading session. The UK’s flagship index edged up 0.13 per cent to 8864.35p. This brought it just short of March’s record close of 8871.31p. Housebuilders topped the morning risers with Persimmon and Barratt [...]
Canadian giant swoops for London-listed Ricardo June 11, 2025 London-listed engineering firm Ricardo has agreed to a £281m acquisition deal by Canadian consultancy giant WSP in the latest foreign takeover blow to the London Stock Exchange. Ricardo has accepted the 430p per share offer, a 28 per cent increase on the firm’s closing price on June 10 of 326p. It is a 69 per [...]
Rolls-Royce shares are champion of FTSE 100, analysts say June 11, 2025 Rolls-Royce shares have become one of the London Stock Exchange’s crown jewels after showing no sign of slowing down its rapid rise. The stock has climbed over 53 per cent since the beginning of the year and nearly doubled from its standing 12 months ago. The firm’s latest rally came on Tuesday after it was [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
Firstgroup: Profit at Avanti West Coast owner beats expectations June 10, 2025 Transport giant Firstgroup has extended its share buyback program by £50m after annual revenue came in ahead of forecasts. The additional £50m buyback program follows Firstgroup’s return of £92m to shareholders in the 2025 financial year. The group also raised its dividend to 6.5p, up from 5.5p last year. The FTSE 250 company told markets [...]
Trustpilot shares sink after analysts downgrade to ‘Sell’ June 9, 2025 Shares in review platform Trustpilot sunk on Monday after analysts slapped a ‘Sell’ rating on the firm and warned of economic challenges ahead. Trustpilot’s stock tumbled over eight per cent in early trading to around 216p. Panmure Liberum analysts Sean Kealy and Johnathan Barrett cautioned the “deteriorating” state of the US economy would “test the [...]
A Wise storm has rocked the London Stock Exchange’s fintech dream June 6, 2025 Hopes of a fintech-powered City markets revival may have been crushed on Thursday after money transfer firm Wise ditched its primary listing. The embattled London Stock Exchange was dealt its latest blow as the UK fintech opted for a dual listing across the Atlantic but with the US acting as its primary base. It’s no [...]
Investors cheer Dr Martens’ turnaround plan – but will it work? June 5, 2025 Shares in Dr Martens have jumped by a fifth as investors cheered on the shoemaker’s new strategy for growth. The iconic brand said it had “failed to take advantage” of its leather goods offering and plans to expand its range of sandals and bags. It’s a “fundamental shift” for the brand, designed to open the [...]
Dr Martens: Shoemaker broadens range of sandals and bags as profit plummets June 5, 2025 Dr Martens has announced a new strategic focus after a bruising year which saw the brand nearly fall into the red. It will move away from a narrow focus on boots to a much broader approach targeting shoes, sandals and bags via a strategy called “Levers for Growth”. “Our ambition is to establish Dr. Martens as the world’s [...]
B&M: Revenue ticks up as new stores outperform June 4, 2025 Discount retailer B&M has reported a bump in its full-year earnings after progress in France and a better-than-anticipated performance at its new stores. The London-listed Luxembourg-headquartered company reported revenue of £5.57bn in the 52 weeks ended March 29, up 3.7 per cent year on year. It said the higher revenue was “primarily driven” by the contribution [...]