Stocks in Europe were in the red on Tuesday midday, with FTSE 100 housebuilder Vistry shares diving amid a profit warning, while China's stimulus was perceived as too soft. The FTSE 100 index was down 97.08 points, 1.2%, at 8,206.54. The FTSE 250 was down 198.23 points, 1.0%, at 20,654.98, and the AIM All-Share was down 3.81 points, 0.5%, at 735.00. The Cboe UK 100 was down 1.1% at 821.97, the...

Sandwich, salad and sushi maker Greencore (GNC) has upgraded full year profit guidance yet again following what CEO Dalton Philips dubbed an 'outstanding' performance, with profit conversion in the final quarter beating management's expectations. Shares in the FTSE 250 food maker, which supplies major UK supermarkets, coffee shops, discounters and convenience retailers, fattened up 9% to 195.6p...

Shares in Imperial Brands (IMB) topped the FTSE leaderboard, gaining 4% to £22.33 after the tobacco maker reported strong growth in NGP (next generation products) and announced £2.8 billion in shareholder returns. NGP net revenue is expected to grow in the range of 20%-to-30% on a constant currency basis with increases across all three regions. The company said its results benefited from the...

Loungers' (LGRS:AIM) unique all-day cafe/bar restaurants format continued to outperform the wider hospitality market with like-for-like sales growing 4.7% for the 24 weeks to 6 October compared with the same period in 2023. The news was warmly received as the shares gained 4p or 1.5% to 270p, taking the year-to-date advance to 20%, comfortably ahead of the 4% loss in the FTSE AIM 100 index. Lou...

Shareholders in housebuilder Vistry (VTY) could be forgiven for thinking they were having a nightmare after the firm unexpectedly took the axe to its profit forecasts for this year, next year and the year after due to understated build costs on a small number of its developments. The shares, which had been trading quietly in and around the £13 to £14 range over the summer, crashed through the...

European shares went into reverse early Tuesday, as the lack of new stimulus in China disappointed the market, while the story in London was Vistry, which slumped by a third after a profit warning. 'Having persuaded a sceptical audience that it was managing the transition from mainstream to partnership housebuilder, and outperformed the sector by over 30% in the last twelve months, Vistry now h...

Banks and oil majors kept the FTSE 100 in the green at the London close on Monday, while other stocks slipped, joining peers across the pond. The FTSE 100 index closed up 22.99 points, 0.3%, to 8,303.62. The FTSE 250 ended down 46.87 points, 0.2%, at 20,853.21, and the AIM All-Share closed up just 0.25 of a point at 738.61. The Cboe UK 100 edged up 0.2% to 830.70, the Cboe UK 250 closed down 0....

Christopher Mills, non-executive director of affordable house builder MJ Gleeson (GLE) has sold 300,000 shares at 610p for a total value of £1.83 million on 4 October. The sale was made by the North Atlantic Smaller Companies Investment Trust (NAS) where Mills is the largest shareholder. Following the sale, Mills is beneficially interested in 6,055,000 ordinary shares of 0.02p each or 10.37% o...

Stocks were mixed in London at midday on Monday, with blue-chips benefiting from an oil price rise, but FTSE 100 constituent Endeavour Mining tumbling amid concerns in Burkina Faso. The FTSE 100 index was up 30.29 points, 0.4%, at 8,310.88. The FTSE 250 was down 85.54 points, 0.4%, at 20,814.54, and the AIM All-Share was up 0.55 of a point, 0.1%, at 738.87. The Cboe UK 100 was up 0.3% at 831.49...

Energy major BP (BP.) has reportedly abandoned its target to cut oil and gas output by 2030 as new chef executive Murray Auchincloss scales back the FTSE 100 giant's energy transition strategy in order to win back the market's confidence. He wants to arrest the decline in BP's shares, which edged up 0.5% to 419p on the news yet are down more than 10% year-to-date versus a 7% gain for the FTSE A...

FTSE 250 private equity investment trust 3i Infrastructure (3IN) announced it had received a binding offer for its 33% stake in European independent renewable energy firm Valorem at a premium to book value. The shares added 3p or 0.8% to 344p, bringing gains over the last year to around 20% against a 16% return for the AIC Infrastructure sector. BUYERS PAYING A PREMIUM The offer, which comes fr...

European stocks made a limp start to trading on Monday as investors eye this week's US inflation data in the wake of Friday's blow-out payrolls report. The FTSE 100 index was down 12.60 points, 0.2%, at 8,268.03, having briefly seen slight gains immediately after the opening bell. The FTSE 250 was down 55.56 points, 0.3%, at 20,844.52, but the AIM All-Share was up 1.72 points, 0.2%, at 740.08....

London's FTSE 100 ended lower, while the pound struggled after hawkish comments from a Bank of England policymaker were outweighed by a blockbuster US jobs report, which boosted the odds of a smaller 25 basis point cut at the next Federal Reserve meeting. 'The September employment report was much stronger than expected, with job growth blowing past expectations, the unemployment rate declining...