200.00p-7.50 (-3.61%)26 May 2022, 16:45
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Yu Group PLC Shares News & Articles

Market report: Sports Direct surges on strong results, Cineworld cheapens on debt-fuelled deal

London’s FTSE 100 added a further 117 points to trade at 7,470.5 on Monday, building on Friday’s impressive rally thanks to some of the bigger constituents taking a small step forward including banks, miners and tobacco stocks. Mike Ashley’s Sports Direct (SPD) sprinted 13.3% higher to 407.8p after the retailer reported a 58% rise in first half underlying pre-tax profit to £101.8m and ...

Market report: Miners take the lead while LSE splashes out and retailers revel in pricing news

UK stocks are on the front foot this morning with the FTSE 100 index up 1.3% to 6,833 points led by mining stocks ahead of the resumption of US-China trade talks. Evraz (EVR) adds 1.6% to 487p, Glencore (GLEN) adds 1.9% to 303p, Anglo American (AAL) adds 2.3% to £18.93 and Rio Tinto (RIO) is out front up 3% to £41.98. Company news is thin on the ground with London Stock Exchange (LSE) the ...

Blame game begins at Yu Group after accounting shocker sparks major share price collapse

Shares in business energy services supplier Yu Group (YU.:AIM) have slumped by 82% to 107.5p after issuing a shocking announcement that will have many investors recalling the recent scandal at cake chain Patisserie (CAKE:AIM). The accounting bolt from the blue confirms massive miscalculations on previous accrued income, trade debtors and gross margins after an internal probe. The net effect is ...
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