Shares News

Evidence of progress in its rehabilitation helped lift share in Persimmon (PSN) on Wednesday morning as the shares advanced 1.4% to £28.34. Annual revenue fell 2.4% as it curbed the rate of home completions to improve customer service and build quality. Revenue for the year through December fell to £3.65bn, down from £3.74bn on-year. New home legal completions fell 4% to 15,855 after ...

UK stock markets stayed virtually flat at the start of a relatively quiet Wednesday with investors having relatively thin corporate news to provide direction and eyes firmly being fixed on the imminent signing of an initial US-China trade deal. US Treasury Secretary Steven Mnuchin said tariffs on Chinese goods would not be repealed until the completion of a Phase 2 agreement, planting some ...

Canadian mining giant Endeavour has walked away from a potential bid for FTSE 250 gold miner Centamin (CEY). In a statement, Endeavour boss Sebastien de Montessus said the quality of information received from Centamin during the due diligence process was ‘insufficient’ to allow it to be confident to go ahead with an offer. Shares in Centamin dropped 4.1% to 122p following the statement ...

Fantasy miniatures maker Games Workshop (GAW) reported 16.3% growth in constant currency revenues and 40% uplift in operating profits for the first half to 1 December 2019. This is another impressive performance, one that continues to power the share price to record levels. To put this into context, the stock started 2019 trading at £30.40, while five years ago investors could have bought the ...

Chemicals company Elementis (ELM) was the biggest faller in the FTSE 350 this morning after it warned on profits and stalled on progress towards paying off its debts. Shares in the FTSE 250 firm plunged almost 15% to 140p after it said in an update that trading in the final quarter of 2019 was ‘somewhat subdued’ thanks to weakness in its chromium and energy divisions in particular. While ...

Online fashion phenomenon Boohoo (BOO:AIM) put smiles on investors’ faces yet again on Tuesday, the shares adding 3.8% to trade at a new all-time high of 330p on news of another cracking quarter and a further earnings upgrade. Sales growth beat expectations over a record four months to December, as Boohoo bucked the wider sector doom and gloom over Christmas and delivered a record Black ...

UK stocks opened slightly lower today with the FTSE 100 off 0.17% at 7,600.4 while the FTSE 250 index was flat at 21,720. Gambling stocks were on the back foot following the banning of credit cards which comes into effect on April 14. GVC (GVC) was trading off 0.24%, William Hill (WHM) was 2% lower while Flutter Entertainment (FLTR) shares were 0.8% softer. Online fashion retailer Boohoo ...

Shares in water utility Pennon (PNN) have soared 7.5% to £10.82 after reports emerged that US private equity giant KKR had made a bid early last year for its recycling arm Viridor. Pennon reportedly plans to put Viridor up for sale for £4bn, almost equivalent to its entire market cap of £4.2bn. It comes after Pennon announced a strategic review in September last year, in which it said it ...

Shares in gambling firm William Hill (WMH) surged as much as 6% to 195p in early trade after it revealed that operating profits for last year would be ‘ahead of market and management expectations’. Thanks to ‘favourable sporting results’ during the last months of the year, operating profits for the year to 31 December will be in the range of £143m to £148m compared with a Bloomberg ...

The depth and breadth of property services firm Savills’ (SVS) operations can make it a good bellwether for the real estate sector as a whole. As such today’s year-end trading update – guiding for underlying 2019 results ‘towards the upper end of the board’s expectations’ might look encouraging for the industry. It is certainly pushing the company’s share price higher – up ...