Shares News

Supermarkets titan Tesco’s (TSCO) strong run continues with pace, sending its share price up 2.2% to 255.2p on the delivery of its tenth consecutive quarter of positive like-for-like sales growth. Chief executive Dave Lewis  is ‘delighted with initial progress’ from the acquired Booker business, itself growing rapidly and already looking a fantastic addition to the Tesco fold. TEN UP ...

Rolls-Royce (RR.) shares soared on Friday 15 June after the jet engine maker claimed cost and job cuts should see it beat targets of £1bn of free cash flow by 2020. By 10am the share price is up at 977.2p, showing a giant leap forward of more than 10% in early trading today, by far the best performing FTSE 100 company in share price terms. This could go down as the firm’s best share trading ...

An exchange-traded fund or ETF is a pooled investment vehicle.  Like a mutual fund, an ETF offers investors a proportionate share in a pool of stocks, bonds, and other assets. Unlike a mutual fund whose shares are priced daily based on the value of its assets, an ETF can be bought or sold throughout the day on a stock exchange at a market-determined price. They can be used to track ...

Shares in Indivior (INDV) plummeted 18% to 405.3p after rival Dr Reddy’s Laboratories received approval from regulatory authorities for a generic version of Indivior’s opioid addiction therapy Suboxone Film. Dr Reddy’s is launching ‘at risk’ its Buprenorphine and Naloxone Sublingual Film in the US, which could backfire as the company is still in litigation with Indivior. Despite ...

London’s FTSE 100 trades 24.5 points lower at 7,741 on Friday, the blue chip benchmark stubbornly refusing to make any real progress and on track for minimal gains this week. Supermarkets titan Tesco (TSCO) ticks 2.7% higher to 256.5p after delivering positive like-for-like sales growth for the tenth consecutive quarter, with CEO Dave Lewis ‘delighted with initial progress’ from the ...

When companies hold their annual general meetings, what do shareholders really want to know about the businesses in which they are invested? Researchers from shareholder services company Link Asset Services looked at data from the AGMs of 96 companies on both the main and AIM markets. They found most UK shareholders are untroubled by so-called ‘hot-topics’. These topics include ...

Online fashion retailer N Brown (BWNG) is considering closing its 20 brick-and-mortar stores in yet another blow for the ailing high street and for landlords. The latter cohort is having to contend with a string of retail casualties (Toys “R” Us, Maplin, Poundworld) and store closures from the likes of House of Fraser and Marks & Spencer (MKS) to Carphone Warehouse, Mothercare ...

The acquisition announced by price comparison site GoCompare (GOCO) this morning may be modest in size but could materially broaden its offering to consumers. The company gains 3.1% to 132.8p as it snaps up energy price comparison and switching service Energylinx for £10m in cash – funded out of internal resources – thereby adding to its existing footprint in insurance and financial ...

Imperial Leather owner PZ Cussons (PZC) has warned anticipated pre-tax profit will be at the bottom end of its previously-guided £80m to £85m range, triggering a 5.7% fall in the shares to 219.4p. In a trading update for the year to 31 May, the personal goods manufacturer blames cost inflation exceeding wage growth, putting pressure on consumers’ buying power in Nigeria. PZ Cussons had ...

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...