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Experian disappoints on full year sales and cautious growth guidance

Shares fall to lowest since March on cautious outlookModest margin accretion expectedSecond interim dividend up 6%Global data services specialist Experian (EXPN) was one of the biggest losers in the FTSE 100 on Wednesday, falling 5%...

17 May 2023
Watches of Switzerland shares slump 7.5% after warning of growth slowdown

- Luxury watch purveyor chalks up record annual sales- But US growth slows- Warns 'more challenging trading environment' to continueLuxury goods retailer Watches of Switzerland (WOSG) delivered another year of record sales and...

17 May 2023
UK stocks struggle for direction as US debt talks loom over markets

Stock prices in London were stagnant at midday on Tuesday as the UK jobless rate rose unexpectedly and crunch US debt ceiling talks loom.The FTSE 100 index was up 5.94 points, or 0.1%, at 7,783.64. The FTSE 250 was up just 4.46...

16 May 2023
Shares in On the Beach fall 15% as marketing splurge keeps business loss-making

Profits wiped out by extra marketing spendShares down 30% year-to-dateCompany remains optimisticDespite all of its efforts and a strong recovery in consumer demand for holidays, On The Beach (OTB) is still losing money.Its shares...

16 May 2023
FTSE resilient against UK jobs disappointment and US debt default worries

Jobs were in focus early Tuesday, after a report showed the UK unemployment rate ticked higher early in 2023 and telecommunications provider Vodafone announced 11,000 job cuts.In London, the FTSE 100 stock index opened up 14.54...

16 May 2023
FTSE 100 sees mining boost amid US debt concerns

The pound held firm and shares rose in London at midday on Monday as investors fell back on commodities amid concern over the US debt ceiling impasse.The FTSE 100 index was up 37.74 points, or 0.5%, at 7,792.36. The FTSE 250 was up...

15 May 2023
Diploma shares gain after better than expected first half and raised guidance

Better than expected half-year revenue and profit growthRaised organic sales growth and margin guidanceAnalyst earnings upgradeSpecialist distributor Diploma (DPLM) delivered better than expected growth in first half revenue and...

15 May 2023
UK stocks boosted by miners as Chinese market rallies, Wood Group drops

Stock prices in London were mostly slightly elevated on Monday morning, boosted by performance from mining stocks, despite concerns over a potential US debt default.The FTSE 100 index opened up 21.07 points, 0.3%, at 7,775.69. The...

15 May 2023
FTSE finishes the week 0.7% higher as Beazley provides a boost

Stocks in London closed largely higher on Friday and across the week, although sterling slid after the release of weak gross domestic product data in the UK.The FTSE 100 index closed up 24.04 points, or 0.3% at 7,754.62 on Friday...

12 May 2023
GSK gains 2% after winning another Zantac case and placing of £840 million Haleon shares

Canadian court dismisses proposed class actionLack of scientific evidence Zantac causes cancerSuccessful placing of £840 million Haleon sharesShares in global biopharma giant GSK (GSK) jumped 1.7% to £14.68 on Friday following news...

12 May 2023

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