Shares in online fashion retailer Boohoo (BOO:AIM) plunged 12.95% to 274.7p after auditor PwC resigned, reportedly highlighting the reputation risks of continuing to work with the firm. In a statement, Boohoo confirmed it has launched a tender process for a new auditor, which PwC will not take part in, but pointed out that PwC remains its auditor at this time. It comes after the news was ...

Infection prevention and contamination control specialist Tristel (TSTL:AIM) reported full-year revenues up 21% to £31.7 million and pre-tax profit up 27% to £7.1 million, slightly ahead of the level indicated in July. The shares added 2.4% to 510p. Excluding acquisitions, the underlying growth in revenues was 11%, in line with the medium-term target of 10%-to-15%. The company has been ...

Coronavirus has not been kind to greetings card firm IG Design (IGR:AIM), but shares in the world’s largest consumer packaging business rallied 8.8% to 452.5p on Monday. This followed the news it expects to achieve higher first-half revenue and adjusted profit, though management remain understandably cautious over the full-year outlook due the ongoing Covid-19 pandemic. STRENGTH IN ...

Commercial property investor Land Securities (LAND) gained 1.1% to 530.9p as recently appointed chief executive Mark Allan revealed his plans to get the group back on a growth path. Well-regarded industry figure Allan, who joined from developer St Modwen Properties (SMP), has announced four strategic priorities: * Optimise the central London portfolio – including selling some assets to ...

THIS IS AN ADVERTISING PROMOTION Opportunities emerging amongst crisis pressures Bruce Stout, Investment Manager, Murray International Trust PLC. Our portfolio activity has increased year to date, reflecting the need to review business models of current holdings in the context of potential coronavirus impacts. In addition, a number of attractive, diversified investment opportunities have ...

UK shares got off to a strong start on Monday morning as renewed hope over a US stimulus package and a coronavirus vaccine helped investors shrug off concerns over a no-deal Brexit and negative interest rates. Optimism has grown that US lawmakers can agree on a fresh round of stimulus after House Speaker Nancy Pelosi on Sunday set a 48-hour deadline for lawmakers to cut a deal on economic aid ...

London’s FTSE 100 finished in positive territory on Friday, even as Brexit talks revealed few signs of a breakthrough and new lockdowns to combat climbing coronavirus cases weighed on sentiment. Prime Minister Boris Johnson caused jitters by stating that talks with the EU are ‘over’ and it is time for Britain to ‘get ready’ for no-deal, though markets were boosted by Pfizer’s plans ...

Third quarter production numbers from mining giant Rio Tinto (RIO) may not seem too exciting at first glance to people who aren’t mining investors, but they offer an interesting glimpse into what is happening in the global economy at the moment. Looking at how the global environment affects its markets, the iron ore, aluminium and copper producer said global economic activity in the third ...

London’s FTSE 100 rebounded strongly on Friday as a bit of optimism over Brexit returned, with the EU stating it is willing to continue negotiations, although new lockdowns to combat climbing coronavirus cases kept a lid on gains. At 11.40 am, the blue chip benchmark was up 1.28% at 5,907.01. SERCO SOARS ON UPGRADED GUIDANCE The biggest riser was services group Serco (SRP), soaring ...

Shares in pub group JD Wetherspoon (JDW) tanked 12% to 839p on Friday after the firm reported a pre-tax loss of £34 million for the year ended 26 July, while like-for-like sales in the first 11 weeks of the new financial year were 15% below the same period last year, impacted by curfew restrictions. Chair and founder Tim Martin commented, ‘the company and the entire hospitality industry ...