Ashmore: Emerging markets giant stock jumps after beating expectations Investing Emerging markets specialist Ashmore has once again beaten expectations despite recording yet more outflows, leading its stock price to rise 1.6 per cent. The FTSE 250 money manager’s half-year results revealed adjusted operating profit totalled £33.7m over the last six months of 2024, compared to the £31m forecast by analysts. Assets under management stood at $48.8bn (£39.2bn) [...]
BBGI Global Infrastructure offered £1bn takeover deal Investing BBGI Global Infrastructure has been offered a £1bn takeover from a Canadian pension giant, with the FTSE 250 trust’s board backing the deal. In a stock exchange notice, BBGI said $250bn asset manager British Columbia Investment Management had offered 147.5p a share for the entire trust, 21 per cent above the trust’s share price yesterday. [...]
Compass: Revenue surges as acquisition drive continues Business 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. [...]
PDC Darts World Championship to stay on Sky Sports February 4, 2025 The PDC Darts World Championship will remain on Sky Sports for the next five years after the competition organiser and broadcaster agreed a new deal. It comes at a time when the popularity of darts is on the rise following a sensational 18-month rise for Brit Luke Littler, who reached successive PDC Darts World Championship [...]
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 [...]
What do TV audiences really want from news? February 3, 2025 As Sky News announces a seismic overhaul of its newsroom it’s clear that what audiences demand of ‘news’ is changing. Meeting these demands, to a high quality and at a profit, is a huge challenge for journalists, says Eliot Wilson Last week, David Rhodes, the executive chairman of Sky News Group, outlined a new strategy [...]
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 [...]
Saga hikes profit expectations following Ageas deal January 30, 2025 Saga, the financial services and travel provider for over-50s, has said it expects to report an underlying profit before tax above previous guidance. In a trading update, the firm said it expected underlying profit before tax for the last six months of 2024 to come in marginally higher than the year before. Saga’s travel arm [...]