Polar Capital stock downgraded amid warning of dividend cut April 14, 2025 Polar Capital has been downgraded by two different City analysts after its assets fell significantly more than had been expected by forecasts. The tech-focused asset manager lost £2.4bn over the last quarter almost entirely due to £2.3bn of losses in investment returns, as US tech giants have struggled to match the stock price returns of [...]
Why are we all saving so much? March 30, 2025 It’s a question that has been puzzling economists for months. The worst of the cost-of-living crisis is, for most households, moving further into their rear-view mirror. The Bank of England’s rate setters have successfully – if belatedly – reined in the worst of the inflation that caused so many households to tighten their belts after [...]
Virgin Wines targets £100m revenue in five-year growth plan March 26, 2025 Virgin Wines has reported an uptick in profit and new customers, as well as a five-year growth plan aiming to nearly double revenue to £100m by 2029. The company will also implement a share buyback programme to purchase up to 15 per cent of its share capital, although it will not introduce a dividend. The [...]
Drax agrees £200m deal for battery storage investor March 25, 2025 Drax has agreed a £200m deal to acquire the battery storage investor Harmony Energy Income Trust (HEIT) as it looks to shore up the UK’s power supply. The deal represents a premium of 11 per cent to HEIT’s closing price on 24 March, the last business day prior to the announcement. Drax said the deal, [...]
Asos shares plunge as investors lose confidence March 17, 2025 Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
Deliveroo ‘underappreciated’ after Hong Kong exit March 10, 2025 London broker Panmure Liberum has described takeaway giant Deliveroo as “underappreciated” after its Hong Kong exit. It added that concerns the company could be pushed out of other international markets by better-funded competitors were “noise”. Deliveroo announced its exit from the Hong Kong market this morning, selling some assets to Foodpanda and closing other assets. [...]
City broker slashes price target for Primark-owner Associated British Foods January 24, 2025 Analysts at Panmure Liberum downgraded their rating for Primark-owner Associated British Foods from ‘Buy’ to ‘Hold’ after Primark underperformed over the festive quarter. Panmure downgraded its target price for ABF to 1900p from 2800p. Its share price currently sits at 1,892.50p after falling five per cent in the last five days. Associated British Foods reduced [...]
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 [...]
Card Factory: Shares ‘should rise rapidly’ after successful Christmas January 14, 2025 Shares in Card Factory rose more than five per cent after the retailer reported festive growth ahead of the wider market. Revenue rose 4.7 per cent in November and December, driven by a higher average spend on sweets and toys. Total sales for the 1 months ended 31 December, 2024, reached £506.6m, up 6.2 per [...]
The private health companies set to profit from Labour’s NHS plans January 7, 2025 A City broker has said Feedback and One Health Group are expected to be the main beneficiaries of the government’s plans to reform the NHS in the UK. The Elective Reform Plan, published yesterday by NHS England, set out a range of reforms to enable the government to hit the 18-week target for referral to [...]