Rolls-Royce worth £50bn again after FTSE 100 surge Business Rolls-Royce has returned to a market capitalisation of more than £50bn after its shares rallied. The Derby-headquartered FTSE 100 giant passed the milestone for the first time at the start of December 2024 before its share price fell back. However, Rolls-Royce has surpassed the £50bn barrier once again after a jump in its share price [...]
Topps Tiles investor stages revolt as shares nose dive Retail A major investor in Topps Tiles has staged a revolt against the retailer as its share price continues to nose dive towards a new historic low. Private equity firm MS Galleon used its near 30 per cent stake to vote against the company’s remuneration report at this year’s annual general meeting, resulting in 40 per [...]
Card Factory: Shares ‘should rise rapidly’ after successful Christmas Retail Shares in Card Factory rose more than five per cent after the retailer reported festive growth ahead of the wider market. Revenue rose 4.7 per cent in November and December, driven by a higher average spend on sweets and toys. Total sales for the 1 months ended 31 December, 2024, reached £506.6m, up 6.2 per [...]
Trouble for B&M as millions wiped off value despite huge pay day January 14, 2025 Despite reporting increased sales and a huge dividend of more than £150m, shares in B&M plunged in the aftermath of its latest trading update last week. Shares in the Liverpool-headquartered discount retailer slumped from 360p to 316p following the publication of its third quarter results. B&M’s price has hardly recovered in the days since, with [...]
Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
Bunzl: Shares in FTSE 100 giant tumble after issuing warning December 17, 2024 Shares in outsourcing giant Bunzl tumbled early on Tuesday after it warned “more persistent” than expected deflation would weigh on profit in 2024. The impact is likely to be felt most by its Continental Europe division, however Bunzl still anticipates a “strong increase” in group full-year adjusted operating profit when compared with 2023. Shares fell [...]
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
Hornby: Year of change for Mike Ashley-backed brand as majority owner tightens grip December 2, 2024 The investment giant which owns the vast majority of shares in Hornby, the model firm currently working with billionaire Mike Ashley on its turnaround plan, has significantly upped its stake in the train-maker. Phoenix Asset Management Partners has increased its holdings in the Kent-headquartered company from 71.6 per cent to 81.3 per cent, according to [...]
Make UK Equities Great Again December 2, 2024 UK equities are lagging behind international competitors, but Hugh Sergeant is on a mission to turn that around – complete with baseball caps. UK Equities are unloved and have been so for years. The UK market sits at a significant discount to many of its international peers, especially the US, and while everyone seems to [...]