Shares in Supreme (SUP:AIM) surged 16% higher to 127.5p after the fast-moving consumer products distributor delivered another significant profit upgrade for the year to March 2024 amid continued growth across all divisions in the third quarter-to-date. A leading e-cigarette and vaping market name known for its 88vape brand and the UK's biggest battery and lighting distributor, Supreme now expe...

Cloud security provider Zscaler (ZS:NASDAQ) raised annual guidance after reporting fiscal first quarter results that topped Wall Street estimates as demand was boosted by ongoing enterprise spending on cybersecurity. Zscaler, one of analyst Wedbush's favourite tech stocks, has seen its shares rally through 2023, up 65% year-to date. Investors had been anticipating a good start to the current f...

Shares in aircraft maker Rolls-Royce (RR.) made a new four-year high on Tuesday after the company laid out plans to double operating profits and make further divestments over the next five years. The shares jumped 7% to 261p, taking their gains to 260% over the last year and putting them within striking distance of their pre-pandemic trading levels. The transformation of the FTSE 100 group und...

Shares in EasyJet (EZJ) were up over 2% in morning trading to 413p as the budget airline said it had achieved 'record' pre-tax profit for the full year ending 30 September 2023. The budget airline reported a full year 2023 headline pre-tax profit of £455 million - a £633 million year-on-year improvement. Shareholders were also greeted with the news also that the budget airline was reinstatin...

Stocks in London opened lower on Tuesday as Rolls-Royce outperformed, but there was a lack of strong positive catalysts to boost share prices overall. The Cboe UK 100 was down 0.6% at 740.58, the Cboe UK 250 was down 0.4% at 15,927.04, and the Cboe Small Companies was slightly lower at 13,425.19. In European equities on Tuesday, the CAC 40 in Paris was down 0.4%, while the DAX 40 in Frankfurt...

Underwhelming industrial figures from China hurt Asia-exposed stocks and oil majors in the FTSE 100 on Monday, followed by disappointing US new homes data. The FTSE 100 index closed down 27.50 points, 0.4%, at 7,460.70. The FTSE 250 ended down 19.55 points, 0.1%, at 18,438.55, and the AIM All-Share closed down 1.95 points, 0.3%, at 714.95. The Cboe UK 100 ended down 0.4% at 745.00, the Cboe UK...

Pharmaceutical company GSK's (GSK) blood cancer drug Blenrep got a reprieve on Monday after a late-stage trial showed it 'significantly' extended the time to disease progression or death compared with the current standard of care. In September the European Union drug regulator had recommended against renewing conditional marketing authorisation for Blenrep. Last year the US regulator requested...

China growth worries meant the FTSE 100 started the week on the back foot, while the pound achieved further gains, as dollar weakness persisted. Inflation readings from the US and eurozone, in the form of personal consumption expenditures and consumer price index readings respectively, are among the major risk events for equity markets this week. If both come in hotter-than-expected on Thursda...

Rightmove (RMV) shares jumped over 6% at one point in morning trading as the property listings site reported an upbeat trading statement ahead of market expectations. Year-to-date Rightmove shares are up marginally by 3% at 541p. The FTSE 100 property portal said since reporting its interim results in July revenue growth had 'continued to track marginally ahead of consensus expectations' despi...

Shares in Frontier Developments (FDEV:AIM) slumped 21% to 155.6p after the embattled video games developer posted yet another profit warning, pinning the blame on disappointing sales of its recently-released Warhammer Age of Sigmar: Realms of Ruin title over the critical Black Friday period. Due to lower-than-expected initial Realms of Ruin sales, the Cambridge-based games publisher downgraded...

Continuing the trend towards consolidation in the asset management sector, venture-capital investor Molten Ventures (GROW) announced it had reached an agreement to buy rival Forward Partners (FWD) at a small discount to its current share price. Shares in Molten Ventures eased 0.6% to 278p while Forward Ventures dropped 6% to 31.5p reflecting the discounted level of the offer. [advanced_chart i...

Blue-chip European equities opened mixed on Monday, with enthusiasm at the start of the week tempered by less-than-stellar data from China, as well as more poor headlines from the nation's property sector. The pound continued to trade above the $1.26 mark, meanwhile, with traders optimistic that US interest rates have peaked. A key US inflation reading later this week could challenge that noti...