Compass: Revenue surges as acquisition drive continues February 6, 2025 Catering company Compass Group recorded organic revenue growth of 9.2 per cent last quarter, with all divisions contributing to growth. The FTSE 100 food service group reported 9.7 per cent organic revenue growth in North America, 8.4 per cent in Europe, and 7.9 per cent in the rest of the world, it said in a quarterly [...]
Astrazeneca revenue surges amid Chinese import tax allegations February 6, 2025 Astrazeneca’s revenue jumped 21 per cent last year despite growing troubles over its presence in China. The pharmaceutical giant recorded $54bn (£43.3bn) in revenue for the year, a jump of 21 per cent on 2023’s levels. In its full-year results, the largest FTSE 100 firm revealed that revenue in Europe had skyrocketed 37 per cent. [...]
Saba Capital loses double vote on Baillie Gifford trust takeovers February 3, 2025 Saba Capital has lost two more votes in the US hedge fund’s campaign to take over a variety of UK investment trusts, leaving its campaign looking increasingly unlikely to succeed. Two trusts run by Baillie Gifford, Keystone Positive Change and Baillie Gifford US Growth, voted today to reject Saba’s proposal to unseat their boards and [...]
Markets post modest recovery after Trump delays tariffs on Mexico February 3, 2025 Markets recovered some ground on Monday afternoon after last minute concessions persuaded Donald Trump to delay imposing tariffs on Mexico. But investors in many parts of the world were still left nursing heavy losses, having underestimated the risks around the President’s trade plans. Over the weekend, the US announced 25 per cent additional tariffs on [...]
Precious metals funds boom as investors seek safe haven assets February 3, 2025 Indian investment funds tanked during January, as gold and Latin America-focused UK funds led the way in the first month of 2025. 47 of the 49 Investment Association sectors delivered a positive return last month, with only India funds (-5.2 per cent) and UK smaller companies funds (-0.9 per cent) losing out, according to data [...]
HSBC: FTSE 100 lender’s stock drops after downgrade by Deutsche Bank February 3, 2025 HSBC’s stock price has dropped more than two per cent this morning after being downgraded by Deutsche Bank analysts from a Buy to a Hold. The FTSE 100 bank received a target share price of £9.10 from Deutsche Bank, compared to its current share price of £8.27. “After a substantial increase in share price, the [...]
3i Infrastructure hopes portfolio sales will boost share price February 3, 2025 3i Infrastructure has sounded an optimistic note about its future after selling part of its portfolio, despite the trust’s share price continuing to plateau. In a trading update today, the FTSE 250 trust noted that it had finally completed the sale of its stake in French independent green energy operator Valorem, with hopes that this [...]
St James’s Place and Next help FTSE 100 to another all-time high January 31, 2025 The FTSE 100 has hit another all-time high this morning, with the index up five per cent since the start of 2025. London’s main index rose 0.46 per cent this morning before dropping back slightly, while the more domestically focused FTSE 250 jumped 0.53 per cent. “Given the volatility this week on Wall Street as [...]
St James’s Place: Britain’s biggest wealth manager has stock upgraded January 30, 2025 City broker Peel Hunt has upgraded St James’s Place this morning, after a strong set of results and a surge in share price. Britain’s biggest wealth manager reported £4.3bn in new money throughout 2024 this morning, sending its stock price up more than eight per cent to more than £10. The bump came from £1.5bn [...]
Chrysalis stock jumps on Klarna and Starling upgrades January 30, 2025 Chrysalis stock has jumped by more than six per cent this morning after its private equity holdings, including Klarna and Starling Bank, saw significant upgrades to their valuations. The private equity trust’s underlying assets rose 11 per cent to 156p per share in the last quarter of 2024, it said in a trading update today. [...]
