Shares News

Defence contractor Ultra Electronics (ULE) has seen ‘good’ order book development so far in the second half as the FTSE 250 company confirmed that it continued to trade in line with expectations. ‘The ongoing strategic evolution is progressing and there remains good long term opportunities and growth potential for Ultra,’ the company said in a brief trading statement on ...

Shopping centre landlord Intu Properties (INTU) is within sight of fresh record lows, down 14.1% to 34.6p, as it says like-for-like net rental income will fall 9% in 2019. To put the company’s current share price into context, the shares were trading at 200p a year ago. The company has been hit by a combination of big debts, a struggling retail sector and a slump in footfall as an increasing ...

Shares in value furniture-to-floorings company ScS (SCS) traded down 7% today at 222.5p following the successful placing of 6.25m shares by its largest shareholder. This represents 15.3% of its issued share capital. The company participated in the placing by purchasing 1.99m shares for a total consideration of £4.4m. The shares purchased will be cancelled, resulting in a reduced share capital ...

Shares in Marks & Spencer (MKS) were marked up 5.3% to 192p after the high street bellwether reported a turnaround plan ‘running at pace’, a pick-up in October clothing sales and kept full year profit guidance unchanged with more cost-cutting to offset gross margin pressure. However, a 17% plunge in first half pre-tax profit proves there is still much more for management to do to revive ...

UK stocks trod water on Wednesday with the FTSE 100 index of leading stocks drifting back 12 points or 0.2% to 7.372. High-street stalwart Marks & Spencer (MKS) was the star of the show after it unwrapped half-year results which showed the Food business beating the market with 0.9% like-for-like growth against forecasts of a 0.3% increase. While Clothing & Home posted lower ...

Shares in train and bus ticketing platform Trainline (TRN) have dipped as losses deepened in its first half-year results since listing. In the six months to 31 August, the firm reported a £89m loss after tax compared to an £11m loss the prior year, which it attributed mostly to the costs of its initial public offering (IPO) in June. But stripping out such exceptional items, adjusted ...

Nanotechnology designer Nanoco (NANO:AIM) has put itself up for sale, a move that will ultimately end a sad decade on the stock market in which the University of Manchester spin-out consistently failed to make its cadmium-free quantum dot technology profitable. The company said today that it had entered ‘preliminary discussions with certain parties about a potential sale of the ...

Shares in Imperial Brands (IMB) drifted up 1% to £17.55 after the tobacco-maker reported a 3.9% rise in annual sales and warned analysts not to expect much in the way of growth this year. Chief executive Alison Cooper described the full year results as ‘below our expectations due to tough trading in Next Generation Products (NGP)’. Imperial’s primary next-generation offering is vaping ...

Shares in foods-to-fashion business Associated British Foods (ABF) topped the FTSE 100 risers board on Tuesday on a more positive margin outlook for Primark, the discount retail chain and jewel in the ABF crown. Shares in AB Foods rallied more than 5% to £23.69. Improved sentiment towards the company was also stoked by better than expected full year results and a confident outlook from ...

Gambling software-as-a-solution (SaaS) company GAN (GAN:AIM) reported a strong trading update for the four months ended 31 October which showed revenues up 222% to $121.5m, giving the shares a 7.4% boost to 122.5p. In the face of yesterday’s news that a cross-party political group is pushing to impose strict online stake limits, which hit the gambling shares hard, GAN’s strong trading and ...