Shares News

Defence contractor Babcock International (BAB) just can’t seem to catch a break. Despite reporting full year results which were in line with its most recent latest guidance the share price has tanked today, falling more than 10% to 450p, close to a 10-year low. That fact underlying revenues for the year to 31 March 2019 fell 3.8% to £6.16bn and operating profits, also on an underlying ...

Struggling high street bellwether Marks & Spencer (MKS) is marked down 4.2% to 259.7p as full year results demonstrate the sheer scale of the challenges ahead, revealing another drop in annual profits along with further alarming falls in clothing and food sales. Compounding the pain for long-suffering shareholders on Wednesday is the announcement of a deeply discounted 1 for 5 rights issue ...

UK investors are on the front foot in early trade on Wednesday as they eye the promise of progress on a softer Brexit deal and are buoyed by firm markets in New York and Asia overnight. The benchmark FTSE 100 opens roughly 34 points higher at 7,362.92, closing on May highs of 7,385, and batting off a series of corporate announcement disappoints. They include Marks & Spencer ...

UK-listed telecoms and connectivity testing equipment manufacturer Spirent Communications (SPT) looks most exposed to a ban on business with Chinese technology infrastructure firm Huawei. Huawei has been blacklisted by US President Trump in the latest skirmish over trade with China, with Google cutting ties. READ MORE ABOUT SPIRENT HERE Spirent supplies test equipment to Huawei, with the ...

In-line interims from healthcare services provider UDG Healthcare (UDG) are being overshadowed by a pair of acquisitions that are getting investors quite excited. Putman and Incisive Health are respectively a US strategic management healthcare consultancy and a UK-based healthcare policy and communications consultancy. The pair have been snapped-up for a combined $106m, which includes a $36m ...

At a headline level film and TV business Entertainment One’s (ETO) full year results look good with headline earnings up more than 20% despite a dip in revenue and the dividend hiked 7.1% to 1.5p. Why then are its shares 3.7% to 443.6p at the last count? One possible answer lies in the weaker than expected revenue performance, another could be the significant adjustments from the statutory ...

Despite the challenging UK retail backcloth, cash generation and capital returns star turn WH Smith (SMWH) grew sales by a creditable 15% in the third quarter to 18 May. However shares in the bookseller, stationer and newsagent cheapen 31p (1.5%) to £19.97 on the unexpected news chief executive officer (CEO) Stephen Clarke (pictured below) is leaving after six successful years in the hot ...

UK markets have started the day higher with the benchmark FTSE 100 up 0.5% to 7,350.4, bouncing back after yesterday’s blockbuster announcement from Google that it is barring Chinese smartphone marker Huawei from updates to its Android operating system. On Tuesday UK investors seem more willing to put ongoing Brexit uncertainty to one side as they concentrate on corporate news, led by a ...

Today’s results from Ryanair (RYA) are good news if you’re a passenger with the airline. The company says it expects fares, which have already fallen over the past year, to go even lower over the course of this year and into next year. It also adds that it doesn’t have much of an idea when they will increase again. Which is great if you’re planning a quick getaway to somewhere in ...

Having attempted a recovery earlier in the year shares in London-focused estate agent Foxtons (FOXT) are back on the floor and heading in the direction of all-time lows. Down 5.8% to 56.5p the stock is close to its absolute nadir of around 44p. This follows a trading update which follows the gloomy pattern set in recent months and years. In hindsight the IPO of Foxtons looks particularly ...