Shares News

Emerging concerns of a global recession drag on UK stock markets in early trade on Thursday as a political unrest in Hong Kong, inverse yield curves and ex-dividends take their toll in a largely quiet day for corporate news. The FTSE 100 sinks around 25 points, or about 0.35%, to 7,123.14, its lowest since February and echoing the dismal session overnight for major US markets. On Wall Street ...

With gold prices hitting new heights in recent weeks you’d think shares in gold miners would be soaring. But rising production costs have capped the perceived advantage for Hochschild Mining (HOC). Shares in the FTSE 250 gold and silver miner have dropped 3% to 215p after it reported a 13.2% fall in revenue to $354.5m and a slight dip in adjusted EBITDA to $153.7m in the six months to 30 ...

Car dealership Lookers (LOOK) has posted a sharp drop in first half profit, albeit broadly in line with the guidance given with last month’s market value-denting profit warning. Shares in Lookers were left virtually unmoved at 44.05p with investors still far too worried about the declining UK new car market and profit margins under intense pressure. The embattled motor retailer also ...

Today’s half year results from cyber security supplier Avast (AVST) are very good with adjusted revenue beating analyst forecasts and impressive cash generation. Shares in the FTSE 250 business jumped 7% by mid-morning to 350.6p, valuing Avast at $3.43bn. Czech Republic-based Avast is one of the world’s biggest cyber security providers to consumers, with more than 435m people worldwide ...

Shares in insurer Admiral (ADM) top the FTSE 100 on Wednesday, rising 5% to £21.17 after it releases an upbeat first half earnings report and announces it will pay out 100% of earnings in dividends this year. Concerns over rising claims and claims inflation across the industry saw the shares trading close to their lows for the year at the start of the week. While the results aren’t ...

The FTSE 100 failed to pick up the feel-good vibe from positive trading in the US and Asia as the index traded a handful of points lower at 7,236.25. Although they didn’t emerge until 9.30am, results from Prudential (PRU) were apparently worth the wait for investors, the shares marked 2.2% higher to £15.28. The first half numbers showed a 14% increase in profit and there was also an ...

Following the woes of British rival Thomas Cook (TCG), investors are relieved that prospects are less ugly at package holidays rival TUI (TUI). Shares in the Anglo-German business nudged modestly higher (1% approximately) to 817.8p after the company stuck to its previous full year guidance despite plunging third quarter profits. That implies a 26% drop in earnings before interest, taxes and ...

London’s FTSE 100 index appeared to have gotten of relatively lightly on Tuesday morning, trading down 23.4 points at 7,203.3 despite global markets reeling from a range of issues spanning Brexit to the US-China trade war as well as Italian political instability. Travel giant TUI (TUI) was in demand, the shares sparking up 3.5% to 839p despite posting a slump in third quarter profit amid weak ...

Shares in oil explorers Tullow Oil (TLW) and Eco Atlantic Oil & Gas (ECO:AIM) are gushing higher on news of a big exploration success offshore Guyana. Tullow advances 16.4% to 208.5p and Eco is up 98.5% at 135p. The Jethro-1 exploration well, drilled on the Orinduik licence, has encountered 55 metres of net oil pay. This is the part of an underground reservoir containing oil which it ...

Shares in recruitment and training firm Staffline (STAF:AIM) drop 6% to 154p on Monday after it announces that auditors PricewaterhouseCoopers LLC (PcW) have resigned from 1 August. Part of the reason for PwC’s decision is that Staffline is launching a competitive tender process for the position of auditor. However it also says that ‘matters connected with (the) resignation that need to be ...