Shares News

Results today from FTSE 250 hotel group Millennium & Copthorne (MLC) confirm that the refurbishment of its flagship Mayfair hotel in London has significantly hit sales and profits. Investors were warned of the potential impact last year, although the full amount was not disclosed. Shares in the firm are broadly unmoved at 461p although over the last year they have fallen 13.5%. The ...

On paper at least investors should have been more pleased with Royal Bank of Scotland (RBS) delivering profits ahead of forecasts and a small margin improvement. Yet instead, the share price reaction is subdued, RBS bid up just 0.9% to 243.8p. A combination of almost no growth in loans and deposits, a muted outlook and a good run for the shares in recent weeks seems to have capped any ...

The FTSE 100 was struggling for direction on Friday morning with plenty for investors to think about from global trade to Brexit but little they can make sense of. After trading lower shortly after the open, the index is currently back in positive territory, though only just, and above the 7,200 mark. High street lender Royal Bank of Scotland (RBS) declares a special dividend after its annual ...

Limited growth, specialising in an old fashioned software architecture with none of the pizzazz of newer, faster digital start-ups or FAANG giants (Facebook, Apple, Amazon, Netflix, Google). That’s how whole swathes of investors still see Micro Focus (MCRO). Dull it may be, but its shares have soared more than 14% to £17.335 in morning trade on Thursday adding a staggering near £900m to ...

Shares in FTSE 250 medical products specialist ConvaTec (CTEC) have crashed by 21% to 177.4p after poor fourth quarter sales, weak guidance for 2019 and a plan to spend millions of pounds to try and put the business in a better shape. ConvaTec has been struggling amid fierce competition from low priced wound care product providers. Wound care organic revenue fell by 1.8% in the fourth ...

Sadly for emerging market debt manager Ashmore (ASHM) there's no love in the air today after its first half trading update. While assets under management (AUM) have risen and the firm continues to talk up the prospects for emerging markets this year, investors have given it the cold shoulder sending the shares down 7% to 386p. Concerns are centred on the drop in the value of the firm’s ...

Following a palate-pleasing run, some of the fizz has dissipated from Coca-Cola HBC (CCH) on Thursday, the shares off 4.6% to £25.69 despite the soft drinks colossus reporting strong revenue growth and margin expansion for the 2018 calendar year. Forward-looking investors appear spooked by the FTSE 100 firm’s warning that slowing economic growth across a range of emerging and developed markets ...

Price comparison is a competitive space, so it is little wonder that today’s results from Moneysupermarket.com (MONY) are being received so positively by the market. The shares are marked 5.5% higher to 329.7p as the company reports growth in revenue, earnings and the dividend. Drilling down a bit further the company’s two biggest verticals (or sectors) Insurance and Money, which ...

The FTSE 100 is up 0.4% 7,222.45 as positively received corporate results help provide the index with a lift on Thursday. Pharmaceutical giant AstraZeneca (AZN) gains 4% to £59.49 after a 'strong' fourth quarter led by performance of new medicines underscored its return to growth and saw the drugmaker meet its guidance. For the 12 months to 31 December, revenue fell 2% to $22.1bn and ...

THIS IS AN ADVERTISING PROMOTION By Charles Luke, Senior Investment Manager, Murray Income Trust PLC Ignore the noise: UK dividends should be prized - Brexit has weighed heavily on UK shares, even where it will have little impact on the companies themselves - The yield on UK shares has hit its highest level since March 2009 - Significant pessimism appears priced into UK shares While the ...