Shares News

Shares in logistics company Connect (CNCT) have collapsed after the company was forced to slash profit guidance thanks to trading falling apart last month. At midday the stock is down more than 45% at 28.35p, making it by far the biggest loser on the entire FTSE All-Share market. Management called the company's performance since interim results on 1 May ‘extremelv disappointing’ but ...

Bathroom fit-out specialist Norcros (NXR), the firm behind the Triton brand of showers, is riding high this morning. The shares are up 6.4% to 212.7p on a strong set of full year results, which reveal a ninth consecutive year of growth. Revenue in the company’s two main market, the UK and South Africa, is up 10% and 12% respectively as the company benefits from a mix of acquisitive and ...

Investors have deemed Deliveroo’s new strategy to be very bad news for rival Just Eat (JE.), given how shares in the latter have fallen 8.1% to 781p. Deliveroo is launching its Marketplace+ platform so that restaurants with their own delivery service can take orders via its app. These restaurants will also be able to use Deliveroo’s riders if they experience high demand and need some ...

There’s fresh woe for shareholders in retailer Dixons Carphone (DC.) on Wednesday as the European electricals-to-mobiles purveyor reports a damaging data breach that triggers a 5% share price dive to 187.9p. Only last month, new broom Alex Baldock carried out a classic ‘kitchen sinking’ exercise, grounding expectations with a punishing profit warning as he begins to get to grip with his ...

The FTSE 100 is down by 0.3% to 7,682 as the market tentatively waits for the US Federal Reserve’s decision on interest rates. Most are pricing in a 25 basis point hike but along with the latest UK inflation data expected today there is a lot of uncertainty in the markets. Online food delivery company Just Eat (JE.) is down 7.8% to 784p after rival Deliveroo announces dramatic expansion plans ...

Quirky British fashion brand Ted Baker (TED) tumbles 3.8% to £22.96 on the news sales growth slowed to a mere 4.2% in the 19 weeks to 9 June, while some investors may be anticipating further profit downgrades ahead. Ted Baker founder and CEO Ray Kelvin blames ongoing challenging ‘external trading conditions’ and the poor weather across Europe and America’s East Coast in the early part of ...

The housebuilding sector is in the doldrums this morning as releases from Crest Nicholson (CRST) and Bellway (BWY) add to fears the sector’s level of profitability may have peaked. Crest Nicholson slumps 5.9% to 420p on downbeat first half results and Bellway sinks 2.4% to 33.26 on a mixed quarterly update. They are followed lower by peers such as Persimmon (PSN) down 1.5% at £28.18 and ...

Seasoned investors know that the market can be a fickle beast at the best of times yet it seems to be in a particularly capricious mood about full year results from Halma (HLMA). Having closed yesterday at £14.22, the company’s share price shot-up nearly 4% in early trading today, hitting £14.70. Since then the stock performance has ebbed away so that it is actually down 12p on the ...

Shares in pizza delivery firm Domino’s Pizza (DOM) have fallen 6.1% to 361.9p on the sudden resignation of chief financial officer Rachel Osborne. Investors may be unnerved by the lack information surrounding Osborne's departure as the company struggles to deal with competition and potential risks from franchisees. AJ Bell investment director Russ Mould says: 'The key point to note from ...

London’s FTSE 100 sheds 7.7 points to trade at 7,730 on Tuesday, investors seemingly unimpressed by the vague wording of the historic agreement struck between the US and North Korea. Housebuilder Crest Nicholson (CRST) cheapens 5.7% to 421p on worse than expected half year results. The residential developer operating in southern England reports a decent sales performance, but build cost ...