Shares News

Popular retail investor stock Burford Capital (BUR:AIM) saw its market value collapse after the company was targeted by a bear raid attack. Overnight US research firm Muddy Waters launched a document making damaging accusations about Burford’s financial strength and operational reputation, describing the company as a ‘poor business masquerading as a great one’. Burford, which provides ...

Half year earnings from the world’s largest miner Glencore (GLEN) fell by a third as the slowing global economy led to demand drying up for raw materials. Prices for cobalt and copper have both come under pressure, although the group has also struggled with operational problems. Cobalt is used in alloys that protect parts against corrosion, while copper is used extensively in electrical ...

Shares in the UK’s largest listed wealth manager Standard Life Aberdeen (SLA) dip 5.5% to 266p despite the firm posting an increase in first half assets under management (AUM) and headline earnings. Instead investors seem to be focusing on continued outflows from its Absolute Return funds and adjusted pre-tax profits which came in just shy of market estimates. Total assets under ...

A seeming dialling down in the aggressive rhetoric between the US and China and the latter’s move to stabilise its currency helped restore some calm to the markets with the FTSE 100 trading 0.3% higher at 7.192.96 in early trading. Miner and commodities trader Glencore (GLEN) slips 1.9% to 226.95 after announcing that its half-yearly earnings fell by nearly a third, amid lower copper and ...

Shares in credit hire and legal services firm Anexo (ANX:AIM) jump 10% to a new 12-month high of 194p after it reveals that this year’s pre-tax profits will ‘significantly exceed current market expectations’. The company puts the raised guidance down to increased case settlements and an improvement in the funding of its working capital. The increased level of settlements, cash ...

Shares in pure-play online fashion retailer Boohoo (BOO:AIM) bounced 3.3% higher to 237.7p after confirming media speculation it has made an offer to acquire the online business of British brands Karen Millen and Coast from the administrators. The bid demonstrates the increasing clout and ambition of Boohoo, flourishing at a time when online fast-fashion peer ASOS (ASC:AIM) is struggling. It ...

Shares in Sirius Minerals (SXX) have plunged 20% to 11.6p after the FTSE 250 miner suspended its $500m bond offer, throwing its whole project into doubt. In an update to the market, Sirius said it decided to suspend the proposed offer due to ‘current market conditions’ and said it intends to ‘revisit the market when conditions have improved later this quarter’. The potash miner ...

In a sign of where markets are heading, the FTSE 100 opened below the 7,200 mark as investors worry over a big escalation in the US/China trade war. For the first time since 1994, the United States has officially called China out as a currency manipulator. In response, China has accused the US of ‘deliberately destroying international order’. Investors around the world are clearly ...

Shares in aviation services firm BBA Aviation (BBA) have dropped 4% to 302p after it reported a dip in pre-tax profit and earnings per share in the six months to 30 June. BBA provides a variety of services to the airline industry, including maintenance and refuelling. That give it more insulation from many of the issues that typically dog the airline operators, such as rising fuel ...

Shares in global lender HSBC (HSBA) fall 2% to 633p as the surprise exit of chief executive John Flint and the admission that its US business won’t meet its return targets next year offset a generally strong set of first half results and a $1bn share buy-back programme. Flint, who has only been in the job for 18 months, is stepping down immediately. According to chairman Mark Tucker, ‘a ...