Shares News

Holiday Inn owner InterContinental Hotels (IHG) is tapping into the $60bn luxury segment with the acquisition of Six Senses, a leading operator of luxury hotels, resorts and spas. Shares in InterContinental are up just 0.6% at £44.87 after it arguably paid a full price for Six Senses. InterContinental paid private equity firm Pegasus Capital Advisors $300m in cash for all of Six ...

Shares in Leicester-headquartered homewares leader Dunelm (DNLM) are in demand. In morning trade the stock is 3.5% higher to a new 12-month high of 742p as the bedding, curtains and kitchenware seller delivers a spike in first half pre-tax profit despite the difficult consumer backdrop. Relatively new chief executive (CEO) Nick Wilkinson is certainly putting his stamp on the business. A ...

Oil and gas company Tullow Oil (TLW) was a notable stock market success story of the first part of the 21st century. The company enjoyed notable discoveries in Ghana and Uganda and could point to a 70% success rate on exploration and appraisal wells against an industry average of somewhere around one-in-seven. It went from a share price of 76p at the start of this century to a peak above ...

UK stocks head higher in tune with European markets on Wednesday, the FTSE 100 adding 0.3% to 7,157 to close in on recent highs, although traders have one eye on the pound after the consumer price index dropped below 2% for the first time in a year. Leading the gainers is packaging firm DS Smith (SMDS) with shares up 4% to 349p following strong results from rival Smurfitt Kappa (SKG) which is ...

Car insurance firm AA (AA.) confirmed today that earnings before interest, tax, depreciation and amortisation (Ebitda) for the year to 31 January 2019 will be no less than £340m, in line with its previous guidance of £335m to £345m. Given the scepticism surrounding the firm's targets today's news is almost an upgrade but the shares have shrugged it off to trade 1% lower at ...

Bombed-out department store chain Debenhams (DEB) rebounds 37.1% to 4.3p after securing fresh credit from lenders that will enable it to keep trading while it works out a ‘broader refinancing and recapitalisation’ package. In a further positive for an embattled retailer whose newsflow has been consistently negative, Debenhams has agreed to develop a strategic sourcing partnership with Hong ...

The FTSE 100 advances 26 points to 7,155 on Tuesday, extending yesterday’s gains with miners, tobacco stocks, banks and healthcare firms helping to drive up the blue-chip benchmark early on. Online trading platform Plus500 (PLUS) plummets 35.2% lower to £10.06 on a warning 2019 profit is likely to be ‘materially lower than current market expectations’ due to the revenue impact of tighter ...

Shares in online contracts for difference (CFD) and cryptocurrency trading platform Plus500 (PLUS) have collapsed by 39% to 992p after the company cut it outlook for sales and earnings this year. Despite strong gains in revenue and profit last year, the company sees turnover this year below market forecasts and warns that profit is likely to be ‘materially lower than current market ...

Online delivery platform Just Eat (JE.) is facing demands from US activist shareholder Cat Rock Capital to pursue a merger with a ‘well-run industry peer’ rather than appoint its own choice of chief executive. In an open letter, Cat Rock, which owns 13 million shares in Just Eat, says it wants the firm to avoid making the same ‘serious mistakes’ that led to Peter Plumb’s ...

Value-focused consumer products distributor UP Global Sourcing (UPGS), better known as Ultimate Products, is battling back strongly from a difficult year to July 2018, during which underlying pre-tax profit slumped by more than 47% to £5.6m. The shares, which cratered on profit warnings coughed-up in 2017 and early 2018, rally 13.5% to 65.8p, extending their recent good run, as UP Global ...