First half profits fall 30%Full year guidance downgradedShares plunge to five-year lowTesting times continue for shareholders in Genus (GNS), the animal genetics specialist?s stock plunging 26% to a five-year low of £15.72 on a warning annual profits will disappoint due to low pork prices and weak bovine volumes in China denting demand for genetics services.Basingstoke-based Genus now expects adj

Stock prices in London were higher on Thursday morning on news the UK has officially entered a mild recession, raising Bank of England interest rate cut hope.The economic figures could also carry political significance, as the UK prime minister faces a pair of by-election tests.On the corporate front, results from British Gas owner Centrica impressed. Among mid-caps Genus plunged on a China warnin

Mixed start to the year knocks sharesFull year profit expected to be metSecond half weightingAnimal genetics specialist Genus (GNS) reiterated full year profit guidance at its annual general meeting on Wednesday but conceded that phasing is expected to be second half weighted after mixed trading in the period.Increased uncertainty of meeting market expectations saw the shares fall 3% to £20.47, m

Shareholders in leading global animal genetics specialist Genus (GNS) have been through a rough couple of years with the shares losing just under two-thirds of their value.The fall can be attributed to a big derating in the shares which has seen the forward PE (price to earnings) ratio fall from 53 times to 24 times today, and huge swings in Chinese pig prices which have dented near-term demand fo

Full year revenue up 10%Pre-tax profit flat reflecting higher interest charges and investments2024 growth outlook tempered by higher finance costs and FX headwindsDespite delivering 10% annual revenue growth, animal genetics company Genus (GNS) reported flat adjusted pre-tax profit for the year to 30 June 2023 reflecting higher interest expenses and increased investments in gene editing.Looking fo

Snap up medical products outfit ConvaTec (CTEC) as a multi-year turnaround gains traction. Recent evidence for this came as the company raised full year guidance for the second time this year (2 August), delivering accelerated revenue growth in the six-month period to 30 June.After a downward trend in the share price, the positive news has helped to turn the tide and we think this could be the pre

Full year organic sales growth guidance raised to a new range of 6% to 7.5%Adjusted operating profit margin guidance increased to 20.5%Medium term operating margin target in mid-20% rangeThe multi-year turnaround at medical products company Convatec (CTEC) finally seems to be gaining traction after the company raised full year guidance for the second time this year and delivered accelerated revenu

- Record six-month adjusted operating profit- Recovery in China continues - Strong increase in royalty revenuesAnimal genetics specialist Genus (GNS) saw its shares jump 10% to £29.84 on Thursday after the firm notched-up record half-year adjusted profit amid a rebound in China.The share price remains around half the peak levels seen in September 2021.Chief executive Steve Wilson, who announced h

- Revenues up 2% despite challenging market conditions- Excluding China pig market, pre-tax profit up 25%- Early signs of recovery in Chinese pig pricingAnimal genetics company Genus (GNS) delivered a resilient full-year performance in the face of challenging market conditions in China, the world's largest pig market.Group revenues for the fiscal year ended 30 June were 2% higher to £593.4 millio

The transformation of medical technology company ConvaTec (CTEC) has reached an inflection point which should drive market-beating sales growth and improve profitability.The shares look attractive against good earnings potential while scope for the stock to trade on a higher multiple of earnings (known as a 're-rating') provides extra attractions. This could be driven by a modest improvement in op

UK shares closed higher on Wednesday, spurred on by US economic data which showed personal spending rose more than expected and weekly US jobless claims were the lowest since 1969, signaling continued strength in the economy.The latest minutes from the Federal Reserve's Open Market Committee meeting, are due after the market close.At the close the FTSE 100 index of leading shares was up 0.3% at 7,

UK shares gave back early gains as markets braced for a torrent of US economic data due to be released later today and ahead of the Thanksgiving holiday tomorrow when US markets will stay closed.As well as the weekly jobless numbers, investors will receive updates on the core latest inflation data, durable goods orders, and personal consumption trends, providing further evidence of economic streng

Shares in global animal genetics company Genus (GNS) sank 15% to £44.34 on Wednesday after the company said it expected full year pre-tax profit to be modestly below prior expectations.The company had already flagged volatile pig prices when it reported full year numbers in September, saying it expected the headwind to last for some months, which would reduce growth below its medium term 10% targ

UK shares continued to climb on Wednesday with the FTSE 100 rising 0.5% back above the 7,300 level thanks to buying of oil majors and mining stocks.Meanwhile, investors were awaiting the release of minutes from the US Federal Reserve's latest Open Market Committee meeting, due after the market close, for clues as to the pace of interest rate hikes after recent strong inflation and jobs data.Sterli

UK stocks closed in negative territory on Thursday as investors continued to weigh conflicting data on the pace of economic recovery and central bank policy.The European central bank lowered the pace of its asset purchases but indicated it wasn't in a hurry to tighten policy significantly.Weekly jobless claims in the US hit their lowest level since March 2020, which followed a report on Wednesday

UK stocks remained firmly in negative territory on Thursday lunchtime as worries over central bank tapering (removing stimulus) and increasing Covid infections hampered markets.At midday the FTSE 100 index of leading shares was down 1.2% to 7,011 points while the domestically focused FTSE 250 index fared a little better, dropping 0.6% to 23,716 points.European markets were also under pressure ahea

Shares in animal genetics company Genus (GNS) slumped 10% to £52.92 on Thursday after the company sounded a cautious 2022 outlook following a crash in Chinese pig prices.The company said: 'Recent volatility in the Chinese porcine market is expected to continue for some months, creating a short-term headwind in FY22, primarily for PIC China.'As a result of this headwind, and despite an expected st

London's FTSE 100 started Thursday in downbeat fashion, falling 1.1% to 7,016 points after weakness in Asian and US markets overnight, which reflected mounting fears about the impact of the Delta variant on the global economy.Energy, financials and miners were among the worst performing sectors as the blue chip benchmark experienced a third straight day of declines on global growth concerns.The EC

Animal genetics company Genus (GNS) reported record first-half profit yet failed to enthuse investors after the stock's 25% rally in 2021.The FTSE 250 company reported a 32% jump in adjusted pre-tax profit to £48.4 million for the first half to 31 December 2020, on revenues that grew 11% to £285.7 million. The results should come as no surprise following raised guidance in an unscheduled January

Genus (GNS) £45.64Gain to date: 60.4%Original entry point: Buy at £28.46, 19 September 2019Shares in animal genetics company Genus (GNS) reached an all-time high this week after the company upped guidance for full year growth.Commenting on trading for the six months to 31 December 2020, Genus said it expected adjusted pre-tax profit in actual currency to be between £47 million and £49 million