Shares News

Irish fuel distribution group DCC (DCC) announces strong results for the year ended 31 March 2019 and an update on its latest acquisition spree. The news seems to have gone down well with investors since the shares are up 3.3% at £67.00. Reading through the organic figures and you might wonder why. READ MORE ABOUT DCC HERE DCC is major distributor of components and raw materials for ...

Eastern European drinks group Stock Spirits (STCK) reported first half revenues up 8% to €156.9m, driven by strong performances in Poland and Czech Republic where the group gained market share. However investors seem unimpressed due to the relatively lacklustre growth in earnings before interest, taxes, depreciation and amortisation (EBITDA) and the shares have slipped 1% to 232p. READ MORE ...

Profits this year from bakery food on-the-go retailer Greggs (GRG) are expected to be ‘materially higher’ than forecasts as like-for-like sales continue to accelerate. Partly boosted by positive publicity surrounding its vegan-friendly sausage rolls, the surprise trading update has sparked a fresh swathe of buying by investors, driving Greggs' share price more than 12.5% higher to a ...

The FTSE 100 has ignored other markets this morning and nudged higher, despite news of China’s retaliation to the US in its ongoing trade war causing shockwaves around the world. Investors may have been encouraged by Donald Trump's hints at a resolution in the coming weeks. The UK basket of leading shares is up 0.6% to 7,205.72, untroubled by the news that, following media reports over the ...

Activist investor Coast Capital Management has called for a shareholder meeting at travel operator FirstGroup (FGP) to replace a majority of its board. The New York-based hedge fund, which holds 9.8% of FirstGroup’s shares, is following through on its threat six months ago to attempt a boardroom coup and proposes removing six of the current 11 directors, appointing seven of its own candidates ...

Grocery giant Tesco (TSCO) is poised to cut the number of products it sells by up to 20% as it fights back against the discount duo of Aldi and Lidl. This is according to a Sunday Times report. The firm’s chief product officer told suppliers at a business update event last week that cuts were coming mainly in household products such as toilet roll where management believes it stocks too wide ...

If weekend press reports are to be believed Vodafone (VOD) will finally bite the bullet and slash its dividend alongside full year results tomorrow (14 May). Vodafone is unsurprisingly refusing to comment. READ MORE ABOUT VODAFONE HERE Vodafone has one of the largest dividends on the FTSE 100, a payout that cost the group €3.92bn last year. That puts the income yield at 9.7% at today’s ...

Funeral services provider Dignity (DTY) is marked down 6.3% to 633.25p after warning full year profits could materially undershoot expectations. This blow follows a disappointing first quarter caused by a ‘significantly lower than expected number of deaths’. Sutton Coldfield-headquartered Dignity doesn’t expect the recent proportional death rate decrease to continue throughout the rest of ...

UK stocks start the week on a firm note despite weakness in Asia on fears of an escalation of trade tensions between the US and China. The FTSE 100 index of leading shares is up 0.1% to 7,213 thanks to strength in Beverages, Healthcare and Utilities. Top performer in the FTSE is energy supplier Centrica (CNA), up 2.5% to 95p after it maintains its full year targets despite weak first half ...

A massive drop in profit, flat revenue and a load of headwinds going forward usually aren’t well received by investors, for pretty obvious reasons. But in the case of British Airways-owner International Consolidated Airlines (IAG), it would seem like the market believes the company is holding up well enough in what's become a ruthless industry. READ MORE ABOUT INTERNATIONAL CONSOLIDATED ...