Costain shares jump after Peel Hunt, Panmure raise target price Markets Shares in Costain jumped as much as 10 per cent in early London trade after raised price targets from analysts at both Peel Hunt and Panmure Liberum. The London-listed construction company’s target price was upgraded to 150p from 135p by Peel Hunt and to 170p from 150p by Panmure Liberum. The firm unveiled a £10m [...]
Barclays: Shares in FTSE 100 giant near decade high after upgrade Banking 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 [...]
Deliveroo suspends share buyback programme amid Doordash offer hospitality Deliveroo has suspended its £100m share buyback programme after receiving a proposal from US-rival Doordash. The takeaway giant had unveiled the programme, which would have brought its shareholder returns to £550m since 2023, in its March full-year results. Deliveroo said it could recommence the programme at a later date. On April 25 the company confirmed [...]
Reckitt Benckiser: Dettol, Durex and Gaviscon drive growth but America lags April 23, 2025 Consumer goods giant Reckitt Benckiser has reported an uptick in profit driven by its core brands and emerging markets despite a slowdown in North America. Group revenue at the company rose by 1.1 per cent in the first quarter of the year. This growth was driven by emerging markets China and India, where like-for-like revenue [...]
FTSE 100: JD Sports back in fashion after share buyback and tariff U-turn April 10, 2025 JD Sports’ share price shot up more than 10 per cent this morning after the company announced a share buyback programme and US President Donald Trump announced a pause on tariffs. The FTSE-100 firm was set to be one of the UK retailers most exposed to the tariffs, as its suppliers source the majority of [...]
Plus500 announces new buyback as investment plans pay off February 18, 2025 Revenue at the fintech trading platform rose six per cent year-on-year to $768.3m (£609.3m) thanks to a six per cent increase in trading income.
WH Smith shares jump on buyback plan after pension buy-out frees up cash September 11, 2024 WH Smith has announced strong revenue growth, driven by a boost in its airport and train station stores and a £50m share buyback programme. It also announced a £85m cash benefit as the result of its pension fund buy-out. Shares in WH Smith rose more than 12 per cent in early trades. Revenue at the [...]
Trustpilot shares jump on earnings beat and £20m buyback September 11, 2024 Shares in Trustpilot have jumped after the global review platform reported higher-than-expected earnings for the first half of 2024 and unveiled a new share buyback. The FTSE 250 firm gained as much as 9.3 per cent in early trading on Wednesday. Its stock price has surged 157 per cent over the last 12 months. Trustpilot [...]
‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing September 10, 2024 A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]