Shares News

Marks & Spencer brings the magic as first-half profits breeze past forecasts featured picture

Marks & Spencer brings the magic as first-half profits breeze past forecasts

Marks & Spencer (MKS) reported a forecast-beating jump in half-year profits as the retail bellwether's turnaround continues to gain traction, sending shares in the FTSE 100 company up 8% to a five-year high of 414p. With its dependable food and revitalised clothing and home divisions both gobbling up market share and Marks & Spencer's cost-cutting drive on track, Shore Capital upgraded its full...
Associated British Foods’ profits surge as Primark shakes off wet weather featured picture

Associated British Foods’ profits surge as Primark shakes off wet weather

Shares in Associated British Foods (ABF) topped the FTSE 100 leader board, rallying 4.5% to £23.91, after the global consumer conglomerate reported a 33% surge in annual profits boosted by Primark's rising sales and significant margin recovery. While the discount fashion chain continues to dominate the narrative at Associated British Foods, the cash-generative company also called out good grow...
Schroders hit by China market volatility and client losses, shares fall 12% featured picture

Schroders hit by China market volatility and client losses, shares fall 12%

Schroders (SDR) shares fell over 12% to 319p in morning trading despite the fund management group reporting record total AUM (assets under management) of £777.4 billion for the nine months to 30 September. There were positive net flows in the fund management group's wealth management division driven by advised business and continued momentum in Cazenove Capital. AUM excluding joint ventures an...
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