Director dealing activity in the past week has picked up significantly with some company bosses and directors putting their money where their mouth is, and others taking advantage of big share price recoveries to trim their holdings. One of the most notable deals involves Domino’s Pizza (DOM) non-executive director Usman Nabi, who is also founder and chief investment officer of hedge fund ...

The FTSE 100 surged 1.6% to 5,956.50 by lunchtime on Wednesday, driven by increased optimism over the strength of economic recovery and the potential for a coronavirus vaccine this year. It comes as a report from Nationwide Building Society showed a strong recovery in the housing market and said UK house prices increased by the most in 16 years, stoked by cut to stamp duty. Values rose 2% from ...

Foreign exchange and payments group Alpha FX (AFX:AIM) reported interim revenues 16% higher to £18 million for the period ended 30 June, while operating profits dipped 5% to £5.9 million after charging a £0.5 million provision. The shares gained 3.4% to 920p. RESILIENT PERFORMANCE The core UK market which represents two thirds of the business experienced some delays from clients during ...

The FTSE 100 opened 1% higher on Wednesday at 5,930 points driven by increased optimism over the strength of economic recovery. Overnight trading in Asian saw China’s Shanghai Composite fall slightly while Japan’s Nikkei 225 index gained 0.5%. Brent Oil was trading 0.8% higher to $46 a barrel while Gold sank 0.6% to $1,958 an ounce. The pound was slightly lower against the US dollar at ...

Shares in foreign exchange specialist Alpha FX (AFX:AIM) were in demand today, up 9% to 750p, after the group reported revenues 16% higher at £18 million for the first-half to 30 June. Also helping sentiment was news that it had received a payment on an outstanding £10.2 million balance of a Norwegian client on schedule, as per the settlement deal agreed. The agreement requires the client ...

Shares in foreign exchange (FX) broker Argentex (AGFX:AIM) soared after it reported a 30% jump in revenue to £29m, around 3% higher than analysts’ expectations, in a trading statement for the year to 31 March. The shares rose 17.5% to 117p, in part due to relief the firm didn’t report an increase in bad debts unlike fellow peer foreign exchange broker Alpha FX (AFX:AIM) which warned on ...

Foreign exchange (FX) and payments business Alpha FX (AFX:AIM) is facing a £30.2m black hole after one of its key clients was unable to lodge collateral. This forced the company to axe its dividend and saw investors sell the shares down 38% to 584p. Coming just eight trading days after reporting a strong set of full-year results on 18 March, the company said it has seen an ...

Few firms will be left unscathed from the knock-on economic effects of global actions to contain coronavirus, with recession almost assured over the next few months. The burden will certainly be felt most in the consumer facing sectors of the economy, but not all businesses will be affected to the same extent. Two recurring themes that separate the following firms include a flexible operating ...

UK stocks opened lower after Iranian forces fired ballistic missiles at two US air bases in neighbouring Iraq, increasing the threat of direct conflict. The FTSE 100 index of leading stocks dropped 36 points or 0.5% to 7,538 while the FTSE 250 mid-cap index also lost 0.5% to 21,720. Once again the only sectors in the black were Mobile Telecoms, Oil Producers, Oil Services and Tobacco. The ...

£4BN+ MARKET CAP JD Sports Fashion (JD.) +117% Retail sector darling JD Sports Fashion (JD.) sprinted higher once again in 2019. The branded sports and casual wear purveyor stormed into the FTSE 100 on record results and consistent earnings upgrades. Like-for-like growth in the core sports fashion business was driven by the savvy mining of an athleisure boom among youthful ...

Foreign exchange provider Alpha FX (AFX:AIM) reported strong first half revenue growth of 40% to 30 June 2019. Better still, the company now anticipates full year earnings to be ahead of expectations, fuelling an 8% surge in its shares to 780p. Consensus expectations for earnings per share (EPS) had been pitched at 24.3p, according to Reuters data. It is commonly understood for companies to ...

The clock is ticking towards the end of the tax year on 5 April which means investors should take advantage of any unused ISA allowance now. Everyone is allowed to invest up to £20,000 a year across the range of ISAs and you don’t have to pay any tax on capital gains and income on investments held within the ISA. You should take advantage of any unused allowance to transfer across ...

Shares in Alpha FX (AFX) rally 5% or 30p to 595p after the company reveals that earnings for the full year will top market expectations. In its year-end trading update the firm says that both its corporate business and its newly-established institutional business have traded ‘strongly’ during 2018. Alpha’s main business is providing foreign exchange services for UK and overseas firms ...

Currency manager Alpha FX (AFX:AIM), which joined the stock market in April this year, managed to grow revenue by 90% in the six months to 30 June to £6.3m. It is a small player in market dominated by multinational banks and makes up for less than 1% of the UK corporate foreign exchange market. It raised £30m at IPO to support a greater volume of FX trades and working capital to scale up ...

There have been some very successful small cap stocks in recent years, rewarding shareholders with returns equal to three or more times their original investment. The ability to make significant gains is a key factor behind investors risking their money in smaller companies. We believe there could soon be a shift in investor appetite as a result of sky-high valuations. Many small cap fund ...