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Housebuilder Barratt Developments delivers better than expected full year profits featured picture

Housebuilder Barratt Developments delivers better than expected full year profits

Against a tough market backdrop, housebuilder Barratt Developments (BDEV) delivered a resilient full year performance with adjusted pre-tax profit slightly ahead of market forecasts and the company's expectations. Beating estimates would ordinarily be a positive, but with equity markets falling in response to a big drop in US indices overnight, Barratt shares were marked down 12p or 2% to 508.2...
London stocks struggle as commodity sell-off deepens posing economic slowdown threat featured picture

London stocks struggle as commodity sell-off deepens posing economic slowdown threat

Stocks in London ended Tuesday in the red, as growth fears sparked by the latest US manufacturing data and the weak demand outlook from China weigh on commodity stocks. The FTSE 100 index closed down 65.38 points, 0.8%, at 8,298.46. The FTSE 250 ended down 171.95 points, 0.8%, at 20,808.56, and the AIM All-Share closed down 4.51 points, 0.6%, at 762.39. The Cboe UK 100 ended down 0.7% at 830.63...
Rolls-Royce nears top of FTSE leaderboard as analysts seek to calm Monday’s panic sell-off featured picture

Rolls-Royce nears top of FTSE leaderboard as analysts seek to calm Monday’s panic sell-off

Aero-engineer Rolls Royce (RR.) is near the top of the FTSE 100 leaderboard on Tuesday (3 Sep) after analysts increasingly suggest a component failure that led airline Cathay Pacific (0293:HKG) to cancel some Airbus (AIR:EPA) A350 flights is probably less serious than Monday's panic sell-off might imply. News broke late yesterday afternoon (2 Sep) that a Cathay Pacific Airbus A350-1000 encounte...
Budget airlines Wizz Air and Ryanair report record passenger numbers for August featured picture

Budget airlines Wizz Air and Ryanair report record passenger numbers for August

European budget carrier Wizz Air (WIZZ) reported a record 6.2 million passenger numbers for August despite operated seat capacity being down 0.4% year-on-year due to the Pratt & Whitney GTF engine-related groundings. Wizz Air has seen a large number of aircraft grounded thanks to the issues. Wizz Air also reported an improved load factor of 95.4% compared to 94.1% last year. Separately the Euro...
US public holiday subdues global equity markets, FTSE 100 ends the day lower featured picture

US public holiday subdues global equity markets, FTSE 100 ends the day lower

Stocks in London drifted into the red on Monday, on what was a quieter day for global equity markets given the US public holiday. The FTSE 100 index closed down 12.79 points, 0.2%, at 8,363.84. The FTSE 250 ended down 106.03 points, 0.5%, at 20,980.51, and the AIM All-Share closed down 5.61 points, 0.7%, at 766.90. The Cboe UK 100 ended down 0.1% at 836.73, the Cboe UK 250 closed down 0.4% at 1...
Rightmove shares soar 22% after interest from Murdoch-backed Aussie rival featured picture

Rightmove shares soar 22% after interest from Murdoch-backed Aussie rival

Shares in Rightmove (RMV) soared 22% to 677p in morning trading as Australian property listings company REA (controlled by Rupert Murdoch's News Corp) said it was considering making an offer for the online property portal. 'REA indicated that it would structure any bid as a cash and shares deal which would mean Rightmove investors could maintain exposure to the company post-takeover through the...
Artemis Alpha and Aurora are the latest investment trusts with the urge to merge featured picture

Artemis Alpha and Aurora are the latest investment trusts with the urge to merge

Artemis Alpha Trust (ATS) has agreed to be taken over by UK All Companies sector rival Aurora Investment Trust (ARR) as the record year for investment trust mergers continues. Sub-scale, underperforming funds are combining with larger rivals to remedy wide discounts to NAV (net asset value) and create trusts large and liquid enough to attract wealth managers and retail investors. The sector's l...
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