With several companies bemoaning challenging macro headwinds and cost pressures it is noteworthy that instant-service equipment company Photo-Me International (PHTM) recently increased full-year profit guidance. Management believes the company has pricing power which means it can effectively navigate current challenges better than most. Shares believes the combination of ...

-Better than expected first-half trading -Increased guidance for full-year revenues to grow at least 20% -Company retains significant pricing power Instant-service equipment group Photo-Me International (PHTM) surprised the market with the news it had performed above expectations for the first half to 30 April with revenues up 24.2% year-on-year. Better than expected trading also had ...

Minority shareholders in photo booth-to-laundry machine operator Photo-Me International (PHTM) can be forgiven for being confused by today’s news of a mandatory offer for the company by its chief executive officer. According to the stock exchange, a Singapore-registered investment vehicle called Tibergest, wholly-owned by CEO Serge Crasnianski, has managed to accumulate 36.5% of the share ...

UK stocks began August on the front foot, lifted by further UK merger and acquisition activity in mid-caps. Oil and Gold prices were lower with Brent Crude down 0.9% to $74.7 per barrel and Gold was 0.4% down at $1,807 per ounce. At the close the FTSE 100 index of leading shares was up 50 points or 0.7% at 7,082 points led by aerospace and retail stocks. The mid-cap FTSE 250 index was up ...

UK stocks started the month on the front foot, lifted by strong gains in Asia after China signaled support for the economy and further UK merger and acquisition activity. China’s SE Composite index gained close to 2% reversing some of last week’s heavy losses while Japan’s Nikkei 225 also added 2%. Oil and Gold prices were lower with Brent Crude down 0.9% to $74.7 per barrel and Gold ...

UK stocks opened on the front foot on Monday boosted by strong gains in Asia after China signaled support for the economy and further UK merger and acquisition activity. China’s SE Composite index gained close to 2% reversing some of last week’s heavy losses while Japan’s Nikkei 225 also added 2%. Oil and Gold prices were lower with Brent Crude down 0.9% to $74.7 per barrel and Gold ...

London’s FTSE 100 finished Wednesday’s session up a modest 0.3% at 6,575.7 as the pound weakened ahead of prime minister Boris Johnson’s dinner with European Commission president Ursula von der Leyen to discuss Brexit. UK blue chips were buoyed by rising investor optimism that US lawmakers will strike a new stimulus deal for the world’s largest economy as well as Johnson ...

London’s FTSE 100 traded in positive territory on Wednesday amid rising investor optimism that US lawmakers will strike a new stimulus deal for the world’s largest economy. Blue chips were also buoyed by another bout of good news after Johnson & Johnson notified markets that its single-dose vaccine will complete final trials in January. Keeping a lid on gains however was prevailing ...

London’s FTSE 100 opened 0.5% higher on Wednesday to 6,590.80 amid rising investor optimism that US lawmakers will strike a new stimulus deal for the world’s largest economy. The Trump administration has made a new fiscal stimulus offer of $916 billion to Congressional Democrats, though reports suggest there are still disagreements between the Republicans and Democrats on certain issues ...

Amid all the wild swings in the stock market over the past week, it has emerged that a number of bosses at big firms used the opportunity to either buy or sell shares. The biggest deal to note comes from FTSE 100 trainers-to-tracksuits retailer JD Sports (JD.) and its executive chairman Peter Cowgill, who sold £19 million worth of shares at a price of 745.6p each. JD Sports said Cowgill ...

A number of bosses of small-cap companies have showed faith in their business over the past week with several sizeable transactions taking place. The biggest deal comes from rural broadband supplier Bigblu Broadband (BBB:AIM), with chairman Christopher Mills taking advantage of a recent dip in the company’s share price on Tuesday to buy 2.89 million shares at 78p each, in a transaction worth ...

UK stocks rallied on Wednesday after two days of losses with domestically focused banks and insurers the main drivers amid thin corporate news. Leading the gains were Lloyds Bank (LLOY) and Royal Bank of Scotland (RBS) up 3% apiece to 36.3p and 135p respectively, supported by insurers RSA (RSA) and Phoenix (PHNX) up 2% to 423p and 675p respectively. At 9am the FTSE 100 index was up 0.4% to ...

London’s FTSE 100 traded 78.7 points lower at 7,155.2 on Tuesday as investors fretted over the looming UK general election, the latest US decision on interest rates and the question of whether the Trump administration will go ahead with tariff hikes on Chinese goods on 15 December as scheduled. Embattled fashion label Ted Baker (TED) tumbled 20.4% to 318p as it warned on profits again ...

UK stocks eased back after last week’s strong finish, with the FTSE 100 index giving up 21 points or 0.3% to 7,303. Banks, Household Goods, Mobile Telecoms and Tobacco were the sectors weighing the most on the index. Global banking giant HSBC (HSBA) delivered a disappointing third quarter earnings update, with profits down 24% to $3bn, and abandoned its Return on Tangible Equity target of ...

London’s FTSE 100 rose 15 points to 7,568 on Monday with strength in miners and tobacco stocks helping to offset weakness in banking and utilities names. European markets were less volatile than those in Asia, where big declines were seen across China, Hong Kong, India and Japan. Market chatter suggested that investors were no longer betting on sharp interest rate cuts in the US and so appetite ...

Beaten down photobooths-to-laundry machines operator Photo-Me International’s (PHTM) growth story has been juiced up following its entry into a new and large market. The acquisition (25 Apr) of 96% of Sempa, a France-based maker of commercialised fresh fruit vending equipment, takes it into the vast $154bn fresh fruit and vegetable juice market, one underpinned by consumers’ increasing ...

London’s FTSE 100 cheapens 35.2 points to 7,436.5 on Thursday as European equities take their cue from Wall Street and with the official scrapping of a groceries mega-merger and continued commodity crunch also weighing on the blue-chip benchmark. Supermarkets giant Sainsbury’s (SBRY) slumps 4.2% lower to 217.1p as the Competition and Markets Authority (CMA) blocks its proposed £7.3bn ...

Instant-service equipment specialist Photo-Me International’s (PHTM) latest profit warning is blamed on Brexit-driven consumer uncertainty. Shares in the Serge Crasnianski-steered concern cheapen 3.7% to 81.3p – they have fallen more than 57% from their January 2018 five year peak - on news which shouldn’t surprise Shares readers. We’d already put you in the picture when we said the ...

The ramifications at fashion chain Superdry (SDRY) continue in early trade on Wednesday as investors mull the impact of yesterday’s narrowly supported return of founder Julian Dunkerton. Shareholders voted for the charismatic clothing entrepreneur to take a place back on the board by the thinnest of margins, getting 50.75% of votes to back his bid to return. But that has led to more ...

UK stocks are slightly lower in early trade with the FTSE 100 giving up 8 points or 0.1% to 6,770 points while European markets drop further on growing trade concerns. Classic defensive sectors like Beverages, Pharmaceuticals and Tobacco are steadying the ship while cyclical sectors such as Oil Services and Technology are weighing. However Utilities, which are usually considered ...