Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
Bunzl: Shares in FTSE 100 giant tumble after issuing warning December 17, 2024 Shares in outsourcing giant Bunzl tumbled early on Tuesday after it warned “more persistent” than expected deflation would weigh on profit in 2024. The impact is likely to be felt most by its Continental Europe division, however Bunzl still anticipates a “strong increase” in group full-year adjusted operating profit when compared with 2023. Shares fell [...]
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
Hornby: Year of change for Mike Ashley-backed brand as majority owner tightens grip December 2, 2024 The investment giant which owns the vast majority of shares in Hornby, the model firm currently working with billionaire Mike Ashley on its turnaround plan, has significantly upped its stake in the train-maker. Phoenix Asset Management Partners has increased its holdings in the Kent-headquartered company from 71.6 per cent to 81.3 per cent, according to [...]
Make UK Equities Great Again December 2, 2024 UK equities are lagging behind international competitors, but Hugh Sergeant is on a mission to turn that around – complete with baseball caps. UK Equities are unloved and have been so for years. The UK market sits at a significant discount to many of its international peers, especially the US, and while everyone seems to [...]
Treasury sells another £1bn in Natwest shares as stake falls further November 11, 2024 Natwest has bought back another tranche of shares from the Treasury as the government continues to accelerate its exit from the Big Four lender.
Natwest shares hit 13-year high after broker upgrade November 4, 2024 Natwest shares jumped to a 13-year high on Monday after a leading broker upgraded the bank’s price target. Shares in the London-listed bank, formerly known as Royal Bank of Scotland Group (RBS), jumped over three per cent on Monday to just under 390p per share. The discernible jump came after analysts at Peel Hunt upgraded [...]
Billionaire Dunelm founder’s son sells millions of shares in FTSE 250 homewares giant September 24, 2024 The son of the billionaire founder of Dunelm has sold millions of shares in the homewares retailer after the FTSE 250 company reported a rise in its sales and profit for its latest financial year. Sir Will Adderley, the son of Sir Bill Adderley, has lowered his stake in the Leicester-headquartered business from 32.3 per [...]
Mike Ashley’s Frasers Group sells shares in Asos following Topshop spike September 23, 2024 Frasers Group, the retail empire controlled by Mike Ashley, has lowered its stake in fast-fashion giant Asos. The Mansfield-headquartered group, which owns the likes of Sports Direct and House of Fraser, has decreased its holdings in Asos from 24.3 per cent to 21.1 per cent, according to a new filing with the London Stock Exchange. [...]