Nick Train, manager of the popular Finsbury Growth & Income Trust (FGT), has apologised to shareholders for the trust's 'poor investment performance' not only over the past six months but over three years. The manager also acknowledged the 'growing impatience' from the shareholders. Train's apology comes after the trust lagged behind its benchmark, the FTSE All Share index, for the six months e...

In a sign of growing confidence among housebuilders, it has been reported Persimmon (PSN) could bid for smaller rival Cala Group which has been earmarked for sale by owner Legal & General (LGEN). Shares in the York-based homebuilder cheapened 32p or 2% to £14.50 as investors prepared themselves for a potential capital raise. PREMIUM PRICE FTSE 100 insurer Legal & General has a sizeable propert...

Embattled premium nightclub operator Revolution Bars (RBG:AIM) has rejected a proposal from Nightcap (NGHT:AIM) so it can proceed with its existing £12.5 million fundraising and restructuring plans. The board said diverting from its intended course to deliver the associated cost savings would result in liquidity pressures from the financial first quarter (July to September 2024) onwards. Moreo...

Online fast-fashion retailer Boohoo (BOO:AIM) faces a revolt from shareholders over its controversial decision to lavish bonuses on senior executives despite racking up £160 million worth of losses last year. The scene is set for fireworks at Boohoo's AGM (annual general meeting) on 20 June, where several shareholders plan to vote against proposals to reward CEO John Lyttle and co-founders Mah...

Stock prices in London were mixed on Tuesday morning, while supermarkets rose as the BRC-NielsenIQ shop price index slowed to its lowest annual rate of increase since November 2021. The FTSE 100 index opened down 9.41 points, or 0.1%, at 8,307.61. The FTSE 250 was up 40.63 points, or 0.2%, at 20,811.44, and the AIM All-Share was up 1.38 points, or 0.2%, at 811.17. The Cboe UK 100 was down 0.1%...

Stock prices in London ended lower on Friday, ending a downbeat week in decline, with poor UK data and US interest rate worries doing little to stoke enthusiasm. The FTSE 100 index closed down 21.64 points, or 0.3%, at 8,317.59. The FTSE 250 ended up 139.63 points, or 0.7%, at 20,770.93, and the AIM All-Share closed up 0.6%, or 5.00 points, at 810.02. It was a similar underperformance by the FT...

Blue-chips in London fell on Friday as weak retail sales and further heavy falls in National Grid dented the mood. The FTSE 100 index was down 34.66 points, 0.4%, at 8,304.57. The FTSE 250 was down 9.28 points at 20,622.02, and the AIM All-Share was up 0.73 of a point, 0.1%, at 805.75. The Cboe UK 100 was down 0.5% at 828.67, the Cboe UK 250 was down 0.2% at 18,055.60, and the Cboe Small Compan...

GSK (GSK) has won the first legal case to be heard in the ongoing Zantac litigation cases after a Chicago jury ruled in its favour and dismissed the plaintiff's claim that the drug had caused her colorectal cancer. Angela Valadez has taken Zantac and generic versions of the drug between 1995 and 2014 and was seeking $640 million in compensation for her suffering. GSK said: 'This outcome is cons...

A person closely associated with chair of the board and non-executive director Zillah Byng-Thorne at global reviews platform Trustpilot (TRST), Max Thorne has bought 78,800 shares at 217p for a total value of £170,996 on 21 May. Thorne's purchase comes after the FTSE 250 company reported a strong set of full year results in March which saw revenue gain 18% to $176 million compared to $149 mill...

Never mind Fed speakers singing from the same 'rates on hold' hymn sheet, investors had AI (artificial intelligence) on the brain over the past week with chip powerhouse Nvidia (NVDA:NASDAQ) once again smashing Wall Street estimates out of the park. Detail below, but the net effect was a significant boost to the technology-focused Nasdaq Composite Index, which scaled new all-time highs. The ben...

THIS IS AN ADVERTISING FEATURE Ben Ritchie and Rebecca Maclean, Co-managers, Dunedin Income Growth Investment Trust plc In the March budget, Chancellor Jeremy Hunt brought out a series of measures designed to revive the flagging fortunes of the UK stock market. He sought to draw investors back with a UK ISA, and measures for institutional investors. The broad principle of looking to bring...

Stock prices in the UK fell Friday morning after retail sales came in below forecasts after a rainy April. The FTSE 100 index opened down 53.88 points, 0.7%, at 8,285.35. The FTSE 250 was down 95.18 points, 0.5%, at 20,536.12, and the AIM All-Share was down 2.37 points, 0.3%, at 802.65. The Cboe UK 100 was down 0.7% at 826.62, the Cboe UK 250 was down 0.6% at 17,972.38, and the Cboe Small Compa...

Stock prices in London ended largely lower on Thursday, with the FTSE 100 underperforming peers in mainland Europe, while stocks in New York opened mixed. The FTSE 100 index closed down 31.10 points, or 0.4%, at 8,339.23. The FTSE 250 ended down 78.77 points, or 0.4%, at 20,631.30, and the AIM All-Share closed up 0.1%, or 1.15 points, at 805.02. The Cboe UK 100 ended down 0.3% at 832.63, the Cb...