Hostelworld CEO divests £370,000 in shares to settle tax liabilitiesIntertek CEO also sellingBillington NED offloads £1 million sharesThe CEO of hostel booking platform Hostelworld (HSW) Gary Morrison has sold 306,882 shares at 121p for a total value of £371,327 on 31 May to cover 'tax liabilities'.Over the past six months Hostelworld's shares have risen over 21% to 125p benefiting from the lif

Ken Wotton, manager of Strategic Equity Capital (SEC), reveals how he chooses which stocks to invest in and how he continually reviews his portfolio to ensure it is suited to market conditions. Importantly, and by design, the businesses in our portfolios share certain characteristics centred around financial quality and mitigating downside risk.They have very low levels of leverage or none at all,

Value investors often say there is no point trying to time the rotation back to their value style because it can happen in the blink of an eye and you often end-up chasing the move and paying higher prices. The market action on 9 November and follow-through in the intervening period certainly lends some credence to that view.Commenting on the sharp moves over the last week, Jefferies noted that, '

UK stocks surged on Wednesday despite data showing the economy shrank by 20% in the second quarter, the worst performance on record and the biggest contraction of any major country so far.At the close the benchmark FTSE 100 index was up 126 points or more than 2% to 6,280 led by utilities, financial and consumer stocks.RISERSCar and home insurer Admiral (ADM) was the top FTSE gainer, rising 7.2% t

UK stocks traded higher in Wednesday's morning session despite data showing the economy shrank by 20% in the second quarter, the worst performance on record and the biggest contraction of any major country so far.By midday the benchmark FTSE 100 index was up 66 points or 1.1% at 6,220 led by financial and consumer stocks.RISERSCar and home insurer Admiral (ADM) was the biggest FTSE gainer, rising

Shares in online hostel booking site Hostelworld (HSW) fell 2% to 61.5p after it proposed a bonus issue instead of a cash dividend.Citing its focus on cash conservation and uncertainty over the full impact of the coronavirus pandemic, the company has suspended cash dividends for 2020 with the board proposing to issue new shares in lieu of a payout, subject to shareholder approval.The number of sha

Online hostel booking platform Hostelworld (HSW) has surprised the market after admitting that booking demand over the peak summer period has been lower than expected.The firm's half year results, chief executive Gary Morrison said full year profit is now likely to be below last year's figure.HIGHER COSTS AND TOUGH MARKETHe pinned the blame on a 'highly competitive' market, as well as higher than

The FTSE 100 moved nearly 1% higher to 7,192 as investors awaited the publication of the minutes from the latest meeting of the US Federal Reserve. These might offer some clues into the future direction of interest rates across the pond.Plumbing group Ferguson (FERG) gained 1.6% amid reports it was considering switching to a US listing under pressure from activist investor Trian Fund Management.Oi

Online hostel-focused booking platform Hostelworld (HSW) has warned growth could stall if the hot weather continues following softer bookings in July and August.Shares in the company continued their downward spiral following the news, plummeting 9% to 265.5p as the World Cup and intense competition in Europe also impacted bookings.The company says the hot weather in particular put off many Europea

The FTSE 100 is down 2.6 points to 7,588.07 after some dollar weakness following President Donald Trump's 'talking down' the dollar. Trump has criticised the US Federal Reserve's policy of interest rate hikes which may have spooked the markets.In corporate news, house builder Persimmon (PSN) gains 1% to £24.63 on reporting an increase in profits for its first half. Pre-tax profits for the six mon

Investors could be in for a late Easter treat when Hostelworld (HSW) reports its full year results on 10 April as a special dividend could be on the cards, according to stockbroker Berenberg.Hostelworld is the largest online hostel-booking platform allowing budget-conscious travellers to book accommodation at the click of a button. Nearly half of Hostelworld travellers use the company's app during

The FTSE 100 is trading 54 points ahead at 7,373 in early trading following improved market sentiment in the US and Asia. Sterling weakness will have also benefited the multitude of overseas earners on the UK's Main Market.On the corporate front, it is rare to see a FTSE 100 company lose more than half its market value in a day - but today we have a clear example. Beleaguered Provident Financial (

Travel booking platform Hostelworld (HSW) looks very interesting for anyone seeking a high level of income as its shares now trade on a prospective 8.3% dividend yield based on earnings forecasts for 2017. Buy at 166.74p.The yield has risen as a result of share price weakness. Hostelworld has been caught up in travel industry turbulence as a result of terrorist activity in several parts of the wor

The FTSE 100 is back into positive territory after a poor start to the week. Yesterday's declines caused by commodities weakness are clawed back with the blue chip index rising 34 points to 6,863 in early trading on Tuesday.Housebuilder Persimmon (PSN) has defied expectations of a slowdown in the property market with a 17% increase in private sale reservations since 1 July versus the same period a

This past year has been a tumultuous one for London-listed travel agents, with a vote to leave the EU and an escalation in geopolitical risks sending shares in Thomas Cook (TCG), TUI (TUI) and Hostelworld (HSW) plummeting.The sector certainly isn't one for the faint-hearted, but the bombed out share prices means there is good value to be found for opportunistic investors.(Click on table to enlarge

A big slump in the share price of hostel booking platform Hostelworld (HSW) is a blip that we think will be rectified once the market gets to grips with the stock's long-term growth potential.The £175 million cap fell 27% on 26 May when it revealed concerns around terrorism had led to lower-than-expected bookings in Europe, which comprises around 60% of its bookings and revenue.The average bookin

London shares are mixed in early trade on Thursday with blue chips led up by resources and supermarkets. Midcaps ease while several stocks going ex-dividend also acts as a drag. The FTSE 100 index nudges modestly higher, up 3.5 points to 6,266, while the FTSE 250 slips close on 10 points to 17,221.Markets are scrutinising US economic data as traders speculate on when the US Federal Reserve will li

Hostel booking platform Hostelworld (HSW) has become the latest victim of the terrorism fears weighing on the travel sector, with lower-than-expected bookings in Europe sending the shares crashing 27% to 188p.The £246 million cap says trading in the second quarter has been below expectations due to weak bookings for higher-priced European destinations, where recent terrorist attacks are clearly w

Budget accommodation specialist Hostelworld (HSW) looks set for further growth this year after opening an office in South Korea and boosting the commission paid by hostels on its booking platform.(Click on chart to enlarge)The £238 million cap's maiden full year results (5 Apr) show adjusted profit after tax declined by 18% to €21 million in 2015 due to a hefty marketing bill of €37.4 m

A marketing and technology drive at hostel booking website Hostelworld (HSW) looks set to drive growth in 2016 as it taps into the large pool of potential hostel guests around the world.The £205.5 million cap recently commissioned a report which found the target audience for hostels is twice as big as the number of people who currently use them. The report argued that converting a modest proporti