Shares News

FirstGroup shares at two year low amid competition from air travel and weather disruption featured picture

FirstGroup shares at two year low amid competition from air travel and weather disruption

Competition from air travel and bad weather in North America have forced bus and train operator FirstGroup (FGP) to downgrade its earnings guidance. It doesn’t given an explicit number, merely saying the outlook for adjusted earnings per share is ‘slightly reduced’, adding that the business is still expected to generate substantial levels of cash in the current financial year. The news ...
AA shares hit record low after investment plan prompts dividend cut, profit warning featured picture

AA shares hit record low after investment plan prompts dividend cut, profit warning

Shares in roadside assistance and insurance provider AA (AA.) crash 22.5% to a record low 90p on Wednesday as the company slashes its dividend and downgrades profit guidance. Chief executive Simon Breakwell, permanently appointed in September 2017, has been charged with reviving the business and his plan will require significant investment. Investors could be forgiven for asking why such a ...
Market report: HSBC and BHP Billiton profits jump, Fidessa targeted in £1.3bn takeover featured picture

Market report: HSBC and BHP Billiton profits jump, Fidessa targeted in £1.3bn takeover

Improving profitability of FTSE 100 giants is a theme running through the UK stock market in early trade on Tuesday. Blue-chip heavyweights HSBC (HSBA) and BHP Billiton (BLT), the huge mining company, both post substantially improved profits. Full year results from banking group HSBC (read parts one and two) demonstrate further progress in its recovery drive, the group today reporting  that it ...
McColl’s still feeling the pain from supplier collapse as full-year profit misses expectations featured picture

McColl’s still feeling the pain from supplier collapse as full-year profit misses expectations

Shares in convenience stores operator McColl’s Retail (MCLS) have taken a beating after missing full-year profit expectations and reporting a weak start to the new financial year, falling 4.6% to 237.5p. The company has warned about a continuation of supply distributions following the collapse of wholesaler Palmer & Harvey. Group like-for-like sales have fallen by 2.2% in the first 11 ...
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