Shares News

Alternative finance provider Duke Royalty (DUKE:AIM) delivered an impressive set of half-year results with revenues of £5.9m, more than double last year’s first-half turnover, and net cash inflow from operations of £3.9m or three times last year’s haul of £1.3m. In line with its strategy of paying a high and stable dividend, and reflecting the firm’s rapid growth this year, the ...

Despite a big fall in first half profit housebuilder Berkeley (BKG) is up 0.2% to £45.60. The company had done a good job of communicating to the market that its profit had peaked so investors are taking the news in their stride. The company sold fewer homes at lower prices in the period and for the six months ended 31 October, pre-tax profit fell 31% to £401.2m on-year and revenue fell ...

London’s FTSE firmed 59.1 points to 7,197 as the week drew to a close, with consumer-facing stocks back in fashion. JD Sports Fashion (JD.), Whitbread (WTB), Kingfisher (KGF) and Next (NXT) all featured in the blue chip index’s top 10 risers. Despite ongoing political uncertainty, early indications suggest that Black Friday was good for retailers, implying that consumers might have become ...

Shares in mining giant Glencore (GLEN) dropped sharply after the UK’s Serious Fraud Office (SFO) announced that it has opened an investigation into the firm on suspicions of bribery. Glencore’s share price dived almost 7% following the announcement this afternoon, to 222p. It has been reported previously that the SFO was preparing a formal investigation into Glencore over its dealings ...

Aston Martin Lagonda (AML) saw its share price surge nearly 20% on Thursday as rumours emerged that Canadian billionaire Lawrence Stroll is mulling buying the cash-strapped car maker. Shares in Aston Martin jumped more than 19% to 599p as talk of the possible takeover gripped investors. Stroll is the father of Formula One racing driver Lance Stroll and owner of the F1 Racing Point team. He ...

Packaging company DS Smith (SMDS) reported interim revenues up 3% in constant currencies to £3.2bn and adjusted operating profits up 14% to £351m for six months ended 31 October. However, the shares traded 2% lower to 370p as investors focused on the fact organic volume growth for its corrugated boxes was below target and pricing is under pressure. FOCUS ON VALUE OF ACQUISITIONS ...

Statutory pre-tax profit at publisher Daily Mail & General Trust (DMGT) fell 81% last year to 30 September 2019, which may leave many investors puzzled as to why the share price is up 3.5% to 826p. The profits plunge looks alarming but it also reflects the impact of disposals in the previous financial year, and the loss of revenue from disposed businesses. Underlying adjusted pre-tax ...

Founders reaping the fruits of their labour, embattled bosses taking an act of faith in their struggling business and a finance director giving himself a big payday are among the most significant director deals of the past week. The biggest deal, announced today, comes from online fast fashion retailer Boohoo (BOO:AIM). FOUNDERS REAP BLACK FRIDAY REWARDS Co-founders Carol Kane and Mahmud ...

Shares in homewares market leader Dunelm (DNLM) jumped nearly 20% on Thursday after the company said it will probably beat profit expectations this year. That sparked a 19% rally in the share price to 992p, the highest the stock has been since nudging above £10 in March 2016. Stronger than anticipated gross margins and a firm grip on costs led the board to state that pre-tax profit will ...

UK stocks were flat on Thursday with the FTSE 100 trading sideways at 7,180 after the pound hit a six-month high of $1.31 against the US dollar on growing expectations of a Conservative majority in next week’s election. Many of the FTSE’s biggest stocks generate their revenues and earnings overseas so strength in the pound can see the index struggle to make gains. PROPERTY STOCKS IN ...