On The Beach Group Shares News & Articles

Market report: Royal Mail set for FTSE 100 exit as markets drift on limited corporate news

All eyes are on Royal Mail (RMG) ahead of the FTSE 100 re-shuffle next Tuesday. With the shares trading down another 2% to 317p on Friday, its current market capitalisation of just over £3.2bn. That puts it in 119th spot in terms of valuation on the UK stock market, well below the 110th place cut-off, meaning it will automatically be ejected from the blue-chip index. This sums up a ...

Market report: Sunny results for On the Beach, Experian deal hit by competition concerns

The FTSE 100 is flat in early trading this morning at 7,019.57 as traders look for clues on whether the US and China can resolve their differences on trade at this week’s G20 summit in Argentina. Travel company On the Beach (OTB) posts a 24% rise in full-year profit after riding out a slump in demand caused by hot UK summer weather by cutting its marketing spend. Pre-tax profit for the ...

On The Beach jumps as luxury holidays purchase offsets limp sun and sea breaks demand

Shares in online beach holidays retailer On The Beach (OTB) jumped 11% to 456.5p after the company unveiled the £20m acquisition of Classic Collection Holidays. Classic Collection packages luxury beach breaks and sells them via third party travel agencies. Part of On The Beach's plans for the acquired business is to launch an online booking portal solely for travel agents, streamlining the ...

Market report: Price comparison sites hit by Amazon reports, Kingfisher and Rank fail to impress

Price comparison websites could be the latest industry ripe for disruption as reports suggest that Amazon is mulling a move into the space. According to reports, the US online sales giant has been talking to some of Europe’s top insurance firms to see if they would contribute products to an Amazon UK price comparison website. This would be Amazon’s first major move into financial services ...

Market report: RBS agrees $4.9bn penalty to satisfy US regulators; BT slumps on growth return plans

Banking group Royal Bank of Scotland (RBS) has agreed to pay a $4.9bn fine to resolve a US probe into its past sale of mortgage-backed securities. This is a far smaller penalty than many investors feared the bank would have to pay, with some estimates predicting up to $12bn in fines. This sends shares in RBS jumping more than 5% to 290.6p in early trade on Thursday, one of the FTSE 100’s ...
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