Berto easyJet (LSE: EZJ) shares climbed 3.4% on Thursday after the airline reported a positive outlook for the rest of its financial year and trimmed seasonal losses in the first half. The budget carrier’s revenue for … Read more
National Grid (LSE: NG) shares climbed 2.7% on Thursday after the company raised its full-year earnings guidance, on the back of a recent accounting change. The FTSE 100 utility firm said the revised reporting method, … Read more
Dunelm (LSE: DNLM) shares fell 4.5% on Thursday after the homeware retailer reported third-quarter sales growth of 3% to £435 million but cautioned about tough market conditions. Despite challenging markets, volume sales growth was observed … Read more
Shares in Rentokil Initial (LSE: RTO) dropped 3.7% in early trading on Thursday, adding to a steeper 28% decline over the past year. This comes despite the pest control giant maintaining its full-year outlook after … Read more
Czech billionaire Daniel Kretinsky’s attempt to acquire Royal Mail’s parent company, International Distribution Services (LSE: IDS), has been rejected. However, his firm, EP Group, remains interested and is considering further options. EP Group, which already … Read more
Gold prices have entered a rangebound phase as investors closely monitor the unfolding tensions in the Middle East and the Federal Reserve’s signals of keeping interest rates higher for longer. While the potential escalation of … Read more
London markets delivered mixed results on Wednesday. The blue-chip FTSE 100 defied inflation and Federal Reserve worries, closing 0.4% higher at 7,847.99. This rise was driven by a surge in mining stocks, which had fallen … Read more
Oil and gas technology firm Hunting (LSE: HTG) announced its first-quarter results, which exceeded management’s projections despite facing headwinds in the US onshore market. The company reported earnings before interest, tax, depreciation, and amortisation (EBITDA) … Read more
Entain (LSE: ENT) reported steady first-quarter figures on Wednesday, with growth in its overall net gaming revenue tempered by declines in its UK & Ireland operations and customer-friendly bookmaker margins in the US. The FTSE … Read more
Antofagasta (LSE: ANTO) reported an 11% year-on-year decline in copper production for the first quarter, citing lower ore grades and increased ore hardness at its Centinela mine in Chile. The company left its annual copper … Read more
Despite posting a £16.3 million adjusted EBITDA loss for the 26 weeks to 3rd March, compared to a £4.6 million profit a year earlier, ASOS (LSE: ASC) shares climbed 8% in early Wednesday trading. The … Read more
The UK’s annual inflation rate edged down to 3.2% in March from 3.4% in February, according to the Office for National Statistics (ONS). While moderating, the figure exceeded expectations of a 3.1% print. A key … Read more
The US dollar held steady on Wednesday after Federal Reserve officials reinforced expectations that interest rates will remain elevated for longer than previously anticipated by markets. In a series of comments on Tuesday, top Fed … Read more
Federal Reserve Chair Jerome Powell poured cold water on expectations for interest rate cuts this year, citing persistent high inflation. His comments at the Wilson Center on Tuesday weighed on gold prices by bolstering the … Read more
London stocks closed lower on Tuesday as investor sentiment soured due to rising geopolitical tensions and fading hopes for US interest rate cuts. The FTSE 100 fell 1.8%, the FTSE 250 dropped 1.8%, and the … Read more
Dr Martens (LSE: DOCS) shares plummeted over 30% after the company issued another profit warning, this time for the year ending March 2025. The iconic bootmaker’s market value now sits at roughly £629 million, a … Read more
British energy regulator Ofgem has slapped ScottishPower Energy Retail with a £1.5 million fine for mistakenly charging some direct debit customers a higher rate between 2015 and 2023. The error impacted over 1,600 customers who … Read more
Superdry (LSE: SDRY) shares plummeted over 22% in early trading on Tuesday as the embattled retailer unveiled a radical three-year turnaround strategy. The plan involves exiting the London Stock Exchange, slashing store rents, raising up … Read more
The tussle for UK packaging firm DS Smith (LSE: SMDS) took another turn on Tuesday as International Paper Co submitted its own takeover proposal. The all-share offer values the London-based DS Smith at approximately £5.8 … Read more
B&M (LSE: BME) said it expects full-year adjusted profit to come in at the top end of its guidance range after the discount retailer reported a 10% rise in group revenue for the 53 weeks … Read more