Shares News

Shares in miner Antofagasta (ANTO) have slid 5.5% to 900.6p after its earnings and dividend payout in the first half of 2018 missed expectations amid trade war tensions. Earnings before interest, tax, depreciation and amortisation fell 16.2% to $904.2m, missing consensus forecasts of $979m by 8%. Higher costs of sales and exploration dragged on earnings according to the miner. Broker ...

First half results from piping systems specialist Polypipe (PLP) were never likely to be stellar but the market is rewarding a resilient performance despite the impact of adverse weather at the beginning of 2018. The shares are up 5.4% to 374p as the company reports flat revenue and a small decline in pre-tax profit and reiterates full year expectations. If the £8m impact from the ...

UK insurer Esure (ESUR), the firm behind the Sheila’s Wheels brand, has agreed to be bought out by Bain Capital Private Equity in a £1.21bn deal. This is confirmation after news of talks broke late morning on Monday, sending the stock soaring more than 30%. That caps interest in financial figures, also out on Tuesday, which show a hefty fall in pre-tax profit for the six months to 30 ...

Shares in integrated shipping services provider Clarkson (CKN) jumped nearly 12% to £28.90 on 13 August despite a slide in profit half year profits. The company reported pre-tax profit of £18.0m for the six months to 30 June, down from £21.9m this time last year. Sales declined from £156.8m to £152.6m over the same period. But investors had been anticipating a sharp fall in ...

Start-up technology investor Allied Minds (ALM) is expected to see its portfolio’s valuation jump by around 5% thanks to fresh funding for its HawkEye 360 business. HawkEye has raised $10m in its latest financing round, with new investment coming from Shield Capital (defence industry focused financial investor) and existing investors Razer's Edge Ventures and an undisclosed US ...

Fears of contagion from the growing crisis in Turkey hit UK stocks this morning. The Turkish lira has dropped 20% in recent days, extending its losses for the year to date to upwards of 40%. Early on the FTSE 100 was down 0.64% at 7,617.81. The collapse in Turkey’s currency also hit companies with direct exposure to the country – travel operator TUI (TUI) falling 3.5% to £15.11 and DP ...

Following a tough winter in the first quarter which constrained GDP growth to 0.2%, the UK’s second quarter growth figures are a substantial improvement at 0.4%. Looking at different sectors, it helps paint a more detailed picture of the true state of the UK’s economy. Supporting second quarter growth are the service and construction sectors which grew by 0.5% and ...

Budget airline Ryanair (RYA) could come under pressure as a fresh swathe of pilot strikes are underway, resulting in 400 cancelled flights. Shares in the airline are down 1.4% at €13.28 on the news. In July, Ryanair reported a 20% drop in profit after tax to €319m as increased pilot costs and higher oil prices dragged on trading. Investors should note profit guidance was lowered from ...

The FTSE 100 ends the week by opening down by 44 points to 7,697.7. The index seems to be following US and Asian markets with US sanctions on Russia impacting investor sentiment. All eyes will be on the UK’s second quarter GDP figures which are due out shortly. In a quiet day for corporate news on the main market, deep fat fryer franchise company Filta (FLTA:AIM) rises 9.1% to 229p on ...

Travel operator TUI (TUI) is struggling with market turbulence as earnings before interest, tax and amortisation (EBITA) dived 18% to €193.4m in the third quarter to 30 June. Despite reiterating guidance for annual EBITA growth of at least 10%, shares in TUI have slumped 9.1% to £14.38. The market perhaps focusing on the fact this growth pledge strips out the impact of some fairly ...