FTSE 100 logs worst week in more than a year Markets The FTSE 100 touched a more than one-month low on Friday and logged its sharpest drop since October 2023 for a week filled with a raft of central bank policy decisions. The FTSE 100 dropped 0.3 per cent, hitting its lowest since 13 November, though the mid-cap FTSE 250 was up 0.3 per cent, after [...]
Outsourcing giant Serco: Shares spike as business pipeline “at its best for a decade” Business British outsourcing giant Serco has said that its pipeline of business opportunities is at its strongest in over a decade thanks to a boost from North American defence contracts. Shares subsequently spiked more this seven per cent in early trades. The FTSE 250 firm told markets this morning that underlying operating profit was £270m in 2024, [...]
Chemring shares plunge despite record orders Business Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Investor calls for Johnson Matthey to explore sale after shares slump December 16, 2024 Standard said it believed in the "unique value of JM," but warned a "massive credbility gap" had emerged with investors and the broader market.
2025 will be a year of green shoots for the City December 12, 2024 Changing mood music should gradually shift sentiment in London’s favour – and with the fire power of pension funds 2025 could be a better year than the City has seen in a while, says Steven Fine In New York, investors are in bullish form. I met one very well-known player recently who nearly knocked me [...]
Firstgroup re-enters London bus market with £90m acquisition December 10, 2024 Firstgroup said on Tuesday it had signed a £90m deal to take RATP London off the hands off its French owner.
FTSE 100 rises as Assad’s overthrow in Syria drives oil prices higher December 9, 2024 The FTSE 100 ticked up on Monday morning as oil prices jumped after rebels overthrew the regime of Syrian President Bashar al-Assad over the week. Britain’s blue-chip index gained 0.28 per cent to 8,331.88, while the mid-cap FTSE 250, which is more closely aligned with the health of the UK economy, traded mostly flat at 21,047.56. Brent [...]
Inside one fund’s £20,000 bet against Fundsmith December 9, 2024 Mark Ellis, manager of the Nutshell Growth fund, is on the brink of winning £20,000 for his boss in an unusual way. Ellis spoke to City AM following the news that City grandee Michael Spencer had become chair of his firm, Nutshell Asset Management, while upping his stake in the business from 25 per cent [...]
Balfour Beatty forecasts higher profit as boss hails global reach December 5, 2024 Balfour Beatty said it expects post-tax profit to be ahead of last year's £205m and "slightly" ahead of a consensus figure of £209m.
AJ Bell: Firm kicks off buyback as revenue hits record December 5, 2024 AJ Bell kicked off a £30m share buyback this morning as the investment platform reported record financial performance, with revenue shooting up 23 per cent.oc In its final results for the year ended 30 September 2024, the FTSE 250 firm reported a 29 per cent jump in profit before tax to £113.3m as it benefitted [...]