Analysts downgrade Close Brothers’ ‘beaten up’ shares March 21, 2025 Analysts have said Close Brothers shares are worth 340p – a 20p downgrade from their previous price target. The lender suffered a profit hit in its half-year results, plunging to a £104m loss. A £165m provision for motor finance payouts drove the bank’s woes, with shares falling as much as 24 per cent on Tuesday. [...]
Deliveroo: Will Shu lined up for massive pay day March 20, 2025 The founder and chief executive of Deliveroo could be in line for massive pay day in the wake of the FTSE 250 delivery giant making its first annual profit. The company could hand Will Shu a pay packet of more than £5.6m after adding the CEO to its long-term incentive plan and if Deliveroo’s shares [...]
Is Pisces a solution looking for a problem? February 28, 2025 There’s a good reason no other jurisdiction has created a regulated private stock market… argues Delphine Currie Imitation, it is often said, is the sincerest form of flattery, so it’s perhaps for that reason that, in November of last year, the Chancellor resuscitated the previous government’s plans for the world’s first regulated private stock market. [...]
Billionaire ex-Tory treasurer ups Chapel Down stake after shares collapse February 24, 2025 The billionaire founder of city brokerage ICAP, Lord Michael Spencer, has upped his stake in English wine maker Chapel Down. The former treasurer of the Conservative party serves as a non-executive director of the Kent-headquartered company and now holds a 27.3 per cent stake. The increase comes after Lord Spencer bought 50,000 ordinary shares at [...]
Speedy Hire shares slump to all-time low after profit warning February 3, 2025 Shares in Speedy Hire have slumped to a new all-time low after it issued a profit warning, blaming an economic downturn affecting firms. The Newton-le-Willows company told the London Stock Exchange this morning that its recent trading had been impacted by a slowdown in demand so far in 2025. The tools and equipment hire business [...]
BAE Systems wins £285m Royal Navy deal as shares continue recovery January 28, 2025 Defence giant BAE Systems has won a Royal Navy contract worth almost £300m which will support more than 200 UK jobs. The London-listed group has been hired to maintain and modernise combat management systems (CMS) on Royal Navy vessels. They include Type 23 frigates, Type 45 destroyers, Queen Elizabeth Class aircraft carriers and Type 26 [...]
CMC Markets: Firm founded by Lord Cruddas sees shares tank January 23, 2025 CMC Markets’ share price has nosedived more than 12 per cent after issuing a brief trading update to markets. In a stock exchange announcement this morning, the firm said it remained “on track” to deliver annual net operating income in line with previous guidance. “Management also remains confident in meeting its cost guidance of approximately [...]
Rolls-Royce worth £50bn again after FTSE 100 surge January 20, 2025 Rolls-Royce has returned to a market capitalisation of more than £50bn after its shares rallied. The Derby-headquartered FTSE 100 giant passed the milestone for the first time at the start of December 2024 before its share price fell back. However, Rolls-Royce has surpassed the £50bn barrier once again after a jump in its share price [...]
Topps Tiles investor stages revolt as shares nose dive January 15, 2025 A major investor in Topps Tiles has staged a revolt against the retailer as its share price continues to nose dive towards a new historic low. Private equity firm MS Galleon used its near 30 per cent stake to vote against the company’s remuneration report at this year’s annual general meeting, resulting in 40 per [...]
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 [...]