Defence contractor Babcock International (BAB) posted a stronger-than-expected set of interim results with 'continued momentum across the group' and confirmed it would hit its full-year targets. The shares initially marched 95p or 19% higher to 594p, their best level in four years, before settling back at 544p for a gain of 45p or 9%. STRONG DEMAND For the six months to the end of September, th...

Stock prices in Europe were higher on Wednesday morning, as the post-election 'Trump trade' was wearing off, as investors await a consumer price inflation reading from the US. FXStreet-cited market consensus expects the US consumer price index to post a 2.6% annual rise for October. That said, Lloyds analysts declined to put much figurative stock in the release, saying: 'Just as yesterday the m...

Stocks in London slipped at the close on Tuesday, joining the pound, which failed to pack a punch against the dollar amid political uncertainty. The FTSE 100 index slumped 99.42 points, 1.2%, at 8,025.77. The FTSE 250 closed down 295.73 points, 1.4%, at 20,427.80. The AIM All-Share fell 7.07 points, 1.0%, at 730.86. The Cboe UK 100 declined 1.2% at 805.89, the Cboe UK 250 retreated 1.6% at 17,8...

Global medical products company Convatec (CTEC) jumped 20% to top the FTSE 100 leaderboard after upgrading full year sales growth and margin guidance in an unscheduled trading update. It is one of the biggest one-day advances in the shares since the business listed on the stock market in 2016 and means they are outperforming the blue-chip benchmark in 2024 after sliding by a quarter since March...

Stock prices in blue chip indices in London, Paris and Frankfurt were in the red at Tuesday around midday as UK unemployment and German annual inflation increased, as investors digest Donald Trump's election victory in the US. Annual consumer price inflation in Germany quickened to 2.0% last month. However Germany's outlook has weakened in the eyes of financial experts, survey results from the...

Irish-based sales and marketing group DCC (DCC) surprised investors with a major strategic overhaul alongside its results for the six months to the end of September. The shares responded positively, jumping as much as 900p or 18% to a high of £58.65 before settling up 750p or 15% at £57.20 making the stock one of the best FTSE 100 performers. FOCUS ON ENERGY In May 2022, DCC updated the marke...

Stock prices in blue chip indices in London, Paris and Frankfurt were in the red on Tuesday morning, as traders digest an increasing likelihood that incoming US president Donald Trump will enact punitive tariffs and a very hawkish stance on China. 'The latest moves from Trump's camp, especially with China hawks joining his inner circle, are sending chills through the markets and casting a decid...

Stocks closed higher in London on Monday, with the FTSE 100 snapping out of a four-day losing streak following a boost from UK high street banks. The FTSE 100 index rose 52.80 points, 0.7%, at 8,125.19. The FTSE 250 closed up 203.57 points, 1.0%, at 20,721.49. The AIM All-Share gained 3.57 points, 0.5%, at 737.93. The Cboe UK 100 rose 0.7% at 815.50, the Cboe UK 250 advanced 1.1% at 18,160.09 b...

Insurer Direct Line (DLG) said it plans to cut around 550 jobs as part of a series of initiatives aimed at simplifying the business and delivering at least £100 million of cost savings by the end of 2025. While third quarter gross written premiums fell amid 'challenging' conditions in motor insurance, CEO Adam Winslow insisted the group was in the early stages of a 'significant' turnaround whi...

Stocks in London were in the green at midday on Monday, with NatWest on the up after buying back government shares. 'The FTSE 100 broke its losing streak to trade higher on Monday with healthcare and financial stocks doing much of the heavy lifting. There was wider optimism across Europe as stocks recovered from a rocky week,' said AJ Bell's Russ Mould. The FTSE 100 index was up 64.00 points, 0...

A person closely associated with Usman Nabi, non-executive director of housebuilder Vistry (VTY) has bought 500,000 shares at 737p for a total value of £3,687,412 on 8 November. Browning West, an independent investment partnership based in Los Angeles, California is currently the company's largest shareholder of which Nabi is managing partner and chief investment officer. On 8 November, Vistry...

Every Brit expected fireworks on 5th November but there where more in store on Friday (8 Nov) for investors, as news broke that Nvidia (NVDA:NASDAQ) will replace Intel (INTC:NASDAQ) in the Dow Jones Industrial Average. Rumours of the change had been swirling ever since Nvidia's 10-for-1 stock split back in June and the shares' stunning run this year - they are up more than 200% since January. C...

Firmly out of fashion with investors this year amid a slowdown in luxury goods demand, shares in Burberry (BRBY) rallied 2% to 822p on 11 November as excitement surrounding a bid from Italian outerwear rival Moncler (MONC:BIT) continued to build. According to correspondence viewed by The Mail on Sunday, staff at one of the British luxury goods leader's flagship London stores have already been t...