Quintessentially British luxury brand Burberry (BRBY) topped the FTSE 250 leader board on 14 November, the out-of-fashion firm's shares rallying 14% to 835p as its second-quarter results beat gloomy expectations and new boss Joshua Schulman unveiled a turnaround strategy. A rumoured bid target for Italian outerwear rival Moncler (MONC:BIT), the struggling trench coats-to-cashmere scarves seller...

Stocks were mixed on Thursday morning in Europe as investors await eurozone GDP and jobless data, and a US producer price inflation reading later. Also in the UK, data from the Royal Institution of Chartered Surveyors showed signs of improvement in the housing market. A net balance of 16% of property professionals reported house prices rising in October, and a 12% balance saw fresh buyer inquir...

Stocks in London struggled for direction at the close on Wednesday, following a CPI print from the US, and amid general uncertainty in Europe. The FTSE 100 index rose 4.56 points, 0.1%, at 8,030.33. The FTSE 250 closed down 68.59 points, 0.3%, at 20,359.21. The AIM All-Share fell 1.57 points, 0.2%, at 729.29. The Cboe UK 100 climbed 0.2% at 807.56, the Cboe UK 250 retreated 0.4% at 17,791.49 an...

Stock prices in London were mixed at midday Wednesday, amid cautious optimism from the UK housebuilding sector, as eyes are set on upcoming US consumer price inflation data. 'US inflation figures will be closely watched this afternoon, with expectations for the cost of living to have edged higher,' commented AJ Bell's Russ Mould. 'The consensus is for the annual rate of inflation to move from 2...

Leading gaming and betting firm Flutter Entertainment (FLTR) jumped 4% to an all-time high of £201 after revealing third quarter earnings ahead of analysts' expectations, raising guidance and announcing a $5 billion share buyback. The shares have surged 46% this year, trouncing Ladbrokes owner Entain (ENT) and William Hill owner Evoke (EVOK), whose shares are down 22% and 34% respectively. Flu...

Shares in Spotify (SPOT:NYSE) were up 5% to $419 in after-hours trading on Tuesday (12 Nov) despite the music streaming platform missing third quarter Wall Street estimates. The company reported third quarter EPS (earnings per share) of €1.45 on revenue of €3.99 billion compared to Wall Street estimates of EPS of €4.02 billion. Monthly active users grew by 11% to 640 million in the third...

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...