Stocks in London and Europe were down at midday on Friday, following a steady eurozone inflation reading from Eurostat for April, with Land Securities and GSK among the largest fallers on the FTSE 100. The FTSE 100 index was down 31.84 points, 0.4%, at 8,406.81. The FTSE 250 was down 117.22 points, 0.6%, at 20,705.62, and the AIM All-Share was down 0.98 of a point, 0.1%, at 791.52. The Cboe UK...

Business advisory specialist FRP Advisory has revealed full-year revenue to the end of April grew 23% and profit increased 37%, both ahead of market expectations, sending the shares up by a tenth to 142.1p. Today's gain lifts the shares back into positive territory for the year to date and means they are up 27% over the last 12-months compared with a 2% fall in the FTSE AIM All-Share index ov...

Leo Quinn, chief executive of construction group Balfour Beatty , sold 189,921 shares at 384p for a total value of £730,423 on 16 May. Quinn's move could be seen as 'cashing in' on good news after Balfour Beatty shares have gained over 9% year-to-date. The FTSE 250 company recently said it continued to expect an increase in earnings after trading had been in-line so far in 2024. Balfour Beat...

Sales at Swiss luxury watches-to-jewellery retailer Compagnie Financière Richemont (CFR:SWX), typically known as Richemont, slowed in the fourth quarter of the year to March 2024 amid softening demand for high-end goods in the Asia Pacific region. However, shares in the Cartier-to-Montblanc owner rose 5% to 144 Swiss francs as record annual sales highlighted Richemont's resilience and inves...

Wall Street spirits have been higher over the past week than a couple of college dropouts, with all three major indexes ripping up the record books, including the S&P 500 closing above 5,300 (15 May) for the first time. Cooler-than-expected inflation in April sets the scene for a potential Fed rate cut soon despite a string of hot inflation reports from the first three months of the year. Like...

London Equities were down on Friday morning, after Thursday's mid-day rally across the pond ground to a halt, with Land Securities leading the biggest fallers on the FTSE 100. The FTSE 100 index opened down 13.93 points, 0.2%, at 8,424.72. The FTSE 250 was down 36.70 points, 0.2%, at 20,786.14, and the AIM All-Share was down 0.43 of a point, 0.1%, at 792.07. The Cboe UK 100 was down 0.1% at 84...

Blue-chip stocks in Europe ended lower on Thursday, with a handful of ex-dividend shares hurting the FTSE 100, though there was bullishness in New York, as major benchmarks across the Atlantic hit record highs. The mood in New York was supported by retailer Walmart's first-quarter earnings beat and outlook raise. The FTSE 100 index edged down 7.15 points, 0.1%, at 8,438.65. The FTSE 250 added...

Stocks in London and Europe on Thursday failed to share in Wall Street's Wednesday triumph, with easyJet and Sage dragging down the FTSE 100 despite a rally at BT. The FTSE 100 index was down 23.84 points, 0.3%, at 8,421.96. The FTSE 250 was down 13.91 points, 0.1%, at 20,761.72, and the AIM All-Share was up 0.98 of a point, 0.1%, at 792.59. The Cboe UK 100 was down 0.2% at 841.60, the Cboe UK...

Shares in EasyJet were down more than 5% to 498p as investors reacted to the announcement that the low-budget airline's CEO Johan Lundgren is stepping down after seven years in the role. Kenton Jarvis, board member and chief financial officer will takeover from Lundgren as CEO. Jarvis joined EasyJet in February 2021 and will continue in his current role during the succession period. The compa...

Watches of Switzerland's shares surged 11% to 374.5p on a reassuring fourth-quarter update in which chief executive Brian Duffy said the high-end watch and jewellery retailer entered the new financial year with 'cautious optimism'. This followed a strong finish to the year to 28 April 2024, with fourth-quarter sales proving more resilient than feared in both the UK and US amid robust demand f...

Looking purely at third quarter (to 27 Apr) numbers paints a bleak picture for the core IT kit that Cisco Systems (CSCO:NASDAQ) provides. Adjusted EPS (earnings per share) was down from $1.00 a year ago to $0.88 on a 13% fall in $12.7 billion revenue, the firm's biggest annual decline in 15 years, according to CNBC. So, as pre-market data sees the stock rallying nearly 5% when US markets reope...

Shares in Convatec fell 4% to 255.7p after the medical products maker flagged short-term uncertainty in Advanced Wound Care leading to a softer outlook for the division. The news took the shine off a strong start to the year with first-quarter organic revenue up 6.5% which was slightly ahead of market forecasts. SHORT-TERM UNCERTAINTY Convatec reduced the growth outlook for Advanced Wound Car...