Smartphones-to-computers recycler and reseller MusicMagpie is swooping towards an AIM flotation that will value the rapidly growing ‘re-commerce’ business at £208 million as London’s IPO market boom continues. A specialist online reseller of used consumer technology such as smartphones, tablets and games consoles, MusicMagpie’s ‘comfortably oversubscribed’ placing has raised £15 ...

Shares in biopsy technology company Angle (AGL:AIM) surged 6.4% to 88.5p on Friday after the company announced its first big pharma services contract. The contract is the first large-scale adoption of the company’s Parsortix cell separation system, which isolates circulating tumour cells from a patient’s blood. The company claims that looking for tumour cells in liquid blood has ...

London’s FTSE 100 was back above the 7,000 level for the first time since February 2020 on Friday as investors cheered signs that the global recovery remains on track following data showing China’s economy grew at record pace in the first quarter. By 8.45 am, the blue chip benchmark was up 32.3 points or 0.46% at 7,015.75, representing a massive milestone in recovering from the terrible ...

London’s FTSE 100 jumped towards that all-important 7,000 mark on Thursday following strong economic data from the US, while pharmaceutical giant GlaxoSmithKline (GSK) also helped the index with a big rise after reports that an activist investor has built up a stake in the business. The UK’s benchmark index closed 0.63% higher to 6,983.50, with investors closely watching to see if can ...

UK stocks continued their strong run throughout morning trading on Thursday, boosted by gains in heavyweight mining stocks, while Deliveroo (ROO) posted a jump in first quarter orders. The benchmark FTSE 100 rose 0.52% to 6,970 by 12pm, with miners providing the biggest boost to the index as they tracked higher metal prices. FTSE 100 mining stalwarts Anglo American (AAL), BHP ...

One of the most notable director deals over the past week comes from motor insurer Sabre Insurance (SBRE), whose chief executive and chief financial officer both sold a chunk of shares. Chief executive Geoffrey Carter sold over 140,000 shares this week at a price of 260p each in two separate transactions worth a combined £370,000, while chief financial officer Adam Westwood sold around 70,000 ...

Orders over fast-food delivery platform Deliveroo (ROO) accelerated for the fourth consecutive quarter, but the data failed to lift residual gloom from its IPO (initial public offering) pricing flop. On Thursday, the stock fell nearly 2% to 265.4p, staying almost 32% below the 390p when it listed on 31 March. The company reported a 114% year-on-year jump in group orders to 71 million, while ...

Global sports betting and gaming company Entain (ENT) said strong momentum at the end of 2020 had continued into the first quarter of 2021 with net gaming revenues up 44% in constant currencies, giving the shares a 1.9% boost to £16.37. With the retail estate of 4,662 shops closed during the period growth was driven by online, led by sports betting which saw a 47% including wagers up 45% while ...

Shares in online electricals retailer AO World (AO.) were among the best FTSE 250 performers on Thursday, sparking up 3.3% to 328.2p after the freezers-to-flatscreen TVs seller assured profits for the year to March 2021 will match market expectations following a strong final quarter. AO World declared the pandemic has helped to drive ‘a step change in profitability’ and buoyed by the ...

Shares in builders’ merchant Travis Perkins (TPK) climbed 3.3% to a new 12-month high of £16.97 after the firm posted a first quarter trading update showing strong growth in sales not just on the same period last year but also on the previous year, which provides a clearer comparison. ROBUST DEMAND Like-for-like revenues for the group, excluding the Wickes retail arm, increased by ...