Shares News

Athletics-wear retailer JD Sports Fashion (JD.) has been a favourite of City analysts for five years or more, but investment bank Morgan Stanley rejects this optimism. In an initiation of coverage note published today (16 October) Morgan Stanley analysts laid out its twin concerns of acquisition indigestion and too much riding on products from sportswear giants Nike and Adidas. After running ...

Shares in theme park operator Merlin Entertainments (MERL) have fallen 6.9% at 344.2p on concerns growth has stalled at Legoland. Cost pressures have also risen amid the UK National Living Wage and higher business rates with the benefits from Merlin’s productivity measures not expected to be realised until after 2019. IS THE MARKET RESPONSE AN OVERREACTION? The owner of Thorpe Park and ...

London-listed cigarettes colossus British American Tobacco (BATS) has trimmed its full year sales target for its less harmful next generation products (NGPs), blaming a flat Japanese market and a US product recall for the setback. Shares in the Dunhill, Lucky Strike and Pall Mall cigarettes maker cheapen another 20.5p to £33.11, extending their dire 2018 showing, on the sombre ...

The shares of the UK’s leading attractions operator Merlin Entertainments (MERL) plunge more than 7% in early trade on Tuesday after revealing lacklustre trading at its Midway Attractions business. Midway Attractions runs some of Merlin's biggest brands, including Madame Tussauds, The London Eye, Sea Life and The Dungeons businesses. But like-for-like sales at Midway have declined 0.7% so far ...

Shares in woundcare specialist ConvaTec (CTEC) have plummeted 27.4% to 162.6p after cutting expectations for organic growth and earnings margins. A change in inventory policy by its largest customer in the Infusion Devices division is anticipated to hit fourth quarter sales by between $18m and $23m, and is expected to impact its Advanced Wound Care division. Sales in Infusion Devices have ...

European shares are failing to rebound on Monday following a torrid week, as rising US yields, trade wars and ongoing Brexit-related uncertainties triggered a global equity markets correction. The ‘risk-off’ mood is prevailing with London’s FTSE 100 and FTSE 250 shedding 12.1 points and 145.8 points respectively to trade at 6,983.8 and 18,828. Convenience foods giant Greencore ...

It has been a painful week for investors as global equities have plummeted into the red amid concerns about high valuations, the  trade war and US interest rates. It appears investors are regaining their risk appetite as the FTSE 100 alongside stock markets in Europe and Asia are starting to bounce back. Which stocks are catching investors’ eye? Topping the list of FTSE 350 risers is ...

The shocking turn of events at Patisserie Valerie owner Patisserie Holdings (CAKE:AIM) has shaken faith in the company and left investors wondering what will happen next. Earlier this week, shares in Patisserie were suspended after the company revealed ‘significant and possibly fraudulent’ accounting irregularities that could have led to a mis-statement of its accounts. Finance director ...

Stock markets are fighting back after a torrid week for global equities with the FTSE 100 up 0.9% to 7,069.77, though the index is still down more than 3% since the start of the week. These articles (click here and here) help explain some of the factors behind the worldwide sell-off. Investment manager Man Group (EMG) jumps 2.4% to 148.9p on news its funds under management had inched up in the ...

Jacamo, JD Williams and Simply Be brands owner N Brown (BWNG) slumps 22% to a bombed-out 108.2p as disappointing first half results, with adjusted pre-tax profits down 5% to £30.6m, trigger another round of downgrades. Investors are also spooked by a 50% cut in the dividend to 2.83p. House broker Shore Capital expects a cut of a similar magnitude will be made to the full year ...