Shares News

Shares in Alliance Pharma (APH:AIM) have soared to a new record high of 95.2p after having morning sickness drug Diclectin approved by a regulator. The Medicine and Healthcare Products Regulatory Agency (MHRA) has given the green light to the treatment and is expected to grant approval to sell the product in the UK in the next few weeks. Further launches of Diclectin are pencilled in for ...

Car listings website Auto Trader (AUTO) is the top riser on the FTSE following a well-received set of full year results. Earnings for the year to 31 March are slightly ahead of expectations and the shares advance 8.4% to 383.8p. Significantly, although explicit guidance is not given, some analysts believe average revenue per advertiser (ARPR) could be higher than existing forecasts in the ...

After a delay to the opening of the London stock market, the FTSE 100 ticks higher early on thanks to another good day for the miners combined with strength among financial companies, before easing back 3.7 points to 7708.7. Mitie (MTO) is marked up 7.1p or 3.6% to 202.8p as the outsourcer says it expects ‘modest’ sales growth next year and reiterates medium term margin improvement guidance ...

Monks Investment Trust (MNKS) has trimmed some of its investments in big technology names such as Google-owner Alphabet and online shopping giant Amazon in favour of early stage companies. The FTSE 250-listed company aims to deliver long-term capital growth via a portfolio of global quoted stocks. In the year to 30 April, the company’s net asset value total return was 15.8%, significantly ...

Though recently voted the worst high street retailer by Which? readers, who panned its store standards and customer service, there is plenty of life left in WH Smith (SMWH). Shares in the British heritage newsagent, stationer and bookseller skip 6.3% higher to £21 on a well-received third quarter update and a confident outlook statement from CEO Stephen Clarke (pictured below). HIGH STREET ...

A near doubling of profits for office space supplier Workspace (WKP) has prompted the company to tap up its investors for money to expand its offering. Its results for the year ending 31 March 2018, show pre-tax profit up to £170.4m from £88.8m the prior year and it has also hiked its dividend by 30% to 27.39p. As seen earlier this year when a bidding war erupted over office service ...

Sometimes the share prices of even the best companies become over-heated, skewing the risk versus reward investment case. Liberum analyst Ian Whittaker has made a bold call on popular property listings website Rightmove (RMV), reeling in his recommendation on the stock from ‘buy’ to ‘hold’. It comes as the stock trades within touching distance of his £50.00 price target, down ...

The FTSE 100 is on the front foot, up around 16 points to 7,702 after a poor showing yesterday. The performance follows a strong session overnight in Asia although many are still concerned about the situation in Italy and President Trump’s continued rhetoric over trade wars. Book retailer WH Smith (SMWH) gains 4.1% to £20.56 on news that its third quarter sales figures are up by ...

Online electricals retailer AO World (AO.) sparks up 2.2% or 3.4p to 156p as the Bolton-headquartered company reports near-14% sales growth for the year to March and says the new financial year has started well in both the UK and Europe. Shares in the online washing machines, computers and televisions purveyor rallied strongly following a reassuring April pre-close update, before sliding back ...

Shares in newspaper publisher Johnston Press (JPR) hit their lowest level on record as the company provides a downbeat update ahead of today’s AGM – reporting revenue down 9% in its first half. The company's share price is down 13% to 7.38p, off its lows, despite reaffirming its full year guidance. A key takeaway from the announcement is a negative impact on its digital advertising ...