Shares News

Cautious customers and declining reservations at McCarthy & Stone sparks profit warning featured picture

Cautious customers and declining reservations at McCarthy & Stone sparks profit warning

A profit warning at retirement housebuilder McCarthy & Stone (MSC) has triggered a 14.5% decline in its share price to 111.5p as a strong selling period over spring failed to materialise. The news coincides with the resignation of chief executive Clive Fenton who will retire at the end of August. He claims a new strategy is needed since Brexit and a lack of Government support, including a ...
Three reasons why DS Smith’s share price fails to rally on strong financial results featured picture

Three reasons why DS Smith’s share price fails to rally on strong financial results

Packaging company DS Smith (SMDS) has reported a 21% jump in full year adjusted pre-tax profit to £473m with the figures bolstered by acquisitions and recovering paper prices. These figures do however strip out a slew of implied one-off costs relating to acquisitions and restructuring. It also adds back £93m of amortisation non-cash charges. Including all of these costs puts pre-tax ...
Stobart pleads for shareholders to back current chairman following boardroom spat featured picture

Stobart pleads for shareholders to back current chairman following boardroom spat

Shareholders in logistics company Stobart (STOB) have been drawn into a battle between former CEO Andrew Tinkler and the board by being asked again to support the re-election of chairman Iain Ferguson in a letter. The FTSE 250 company also defends its dismissal of Tinkler yesterday, stating that it had ‘no alternative’ as his actions, including writing to all employees, ‘threatened to ...
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