UK stocks regained some poise Tuesday lunchtime, recovering steep early losses as global markets were spooked by a Chinese crackdown on education, food delivery and property companies and worries state intervention could be extended to the technology sector. At 12pm the FTSE index of leading shares was down 0.4% to 7,000 points. DOWNDRAFT Scottish Mortgage Trust (SMT), one of Britain’s ...

Global specialty chemical manufacturer Croda International (CRDA) impressed the market with its half-year results and says full year profits will be significantly ahead of market expectations. Pre-tax profit increased by 41% to £204.1 million, driven by a 39% jump in sales to £934 million. It has proposed to increase the dividend by 43.5p. This good news helped to drive the share price ...

Shares in household and personal goods giant Reckitt Benckiser (RKT) crashed over 9% to a 12-month low of £56.00, making them the worst performers in the FTSE 100, after the company posted a disappointing first half trading update and warned rising costs would crimp full year margins. Sales for the half ended in June were up 1.5% on a like for like and constant currency basis to £6.6 ...

Shares in online card and gifts company Moonpig (MOON) dropped 6% to 398.6p after it warned that the re-opening of high street outlets run by rivals will pull growth sharply down from the elevated levels during lockdown. Moonpig has benefited from its purely online presence which prompted higher purchase frequency and drove revenues up 113% to £368.2 million for the year to 30 April ...

The UK’s major stocks fell sharply on Tuesday following a sharp sell-off in Asia overnight as investors worry about the intensifying crackdown on technology companies by Chinese authorities. The benchmark FTSE 100 lost 1.15% at 6,944.5 with leisure, food and miners dragging on the market mood while poorly received updates from Reckitt Benckiser (RB.) and online greeting cards seller Moonpig ...

UK stocks were barely changed on Monday as markets took a breather ahead of a busy week of earnings announcements and an interest rate decision from the Federal Reserve on Wednesday. Strong gains across mining shares were offset by weakness in consumer staples and healthcare stocks, leaving the market directionless. At the close the FTE 100 index of leading shares was down just 2 points at ...

Shares in video games publisher and developer TinyBuild (TBLD:AIM) gained 2% to 220p after a resilient first half performance led the company to guide for 2021 full year results to be at least in line with expectations. Gaming guru at Shore Capital Katie Cousins has upgraded her revenue and profit forecast by 2% and 4% respectively, saying, ‘the positive traction during the first half along ...

UK stocks clawed back early losses but remained in the red Monday lunchtime as markets took a breather ahead of a busy week of earnings announcements and an interest rate decision from the Federal Reserve on Wednesday. Bitcoin surged 10% to $38,526 on a combination of short-covering and rekindled investor enthusiasm after Tesla said it might resume accepting payment in cryptocurrencies. At ...

S4 Capital (SFOR), the digital advertising agency headed up by former WPP boss Sir Martin Sorrell, has today announced it has merged with Australian based Salesforce specialist Destiny. The specific terms of the deal have not been disclosed. Destiny will be incorporated within S4’s Mighty Hive division that focuses on programmatic advertising, the automation of buying and selling digital ...

Shares in food producer Cranswick (CWK) rallied 2.5% from their recent lows to £40.94, closing in on their all-time highs after the firm posted a positive first quarter trading update. Revenues for the three months to the end of June were up almost 10% on last year driven by volume gains of 7.7% thanks to continued strong retail demand, increased supply from the Eye poultry facility, and what ...