Firm sets bold 2030 aimOrder book tops £1 billionDefence spending boomingAerospace and defence firm Chemring (CHG) set itself the target of reaching £1 billion of revenue in 2030 while posting a strong set of first-half results and a record-high order backlog.However, the shares, which recently touched a 10-year high, traded sideways at 392p as the market succumbed to nervousness over interest r

Experian COO sells over £7 million worth of sharesYouGov directors? cash in on robust performanceChemring CEO sells just over 192,000 sharesAfter a 33% rally since the end of October 2023, is Experian?s (EXPN) chief operating officer (COO) Craig Boundy simply skimming some profit from his stake, or is this something more meaningful?The executive of the global data company sold 226,166 shares this

Fund manager Liontrust Asset Management (LIO) has seen its shares halve in the last six months, which is providing a headwind for its proposed takeover of struggling Swiss asset manager GAM (GAM:SWX).Liontrust's offer is based on issuing 9.4 million shares to GAM's shareholders which on the day of the original takeover offer (4 May) valued GAM at CHF 107 million (£96 million), equivalent to CHF 0

Our investor this week is Andy, who is in his early thirties and has been investing since he left university around a decade ago.A history graduate, Andy puts his initial interest in finance and markets down to his father who is an accountant.'I can't remember exactly what the trigger was,' says Andy, 'but around the time I was leaving university the economy was still just coming out of the global

The introduction of a new disruptive technology always creates winners and losers. The market's current hot-button theme of artificial intelligence is no exception.The founder and chief investment officer of asset manager GQG Partners, Rajiv Jain, was on record in the Financial Times at the start of June as saying there will be more losers than winners from the development of AI.In this context in

Equity prices in Europe were weaker heading into Tuesday afternoon in listless trade as investors nervously await next week's central banking action.The US Federal Reserve and European Central Bank announce rate decisions next week Wednesday and Thursday, respectively.There is also a UK unemployment reading and US inflation data next week on Tuesday. The latter may give the Fed some food for thoug

- Students turning to ChatGPT says Chegg- Virtual Learning sales for Pearson fall 14%- IBM to replace jobs with AIShares in US educational technology firm Chegg (CHGG:NYSE) fell over 40% in pre-market trading at its CEO warned overnight of the impact of Open AI ChatGPT on its homeworking help business.The news had a knock-on effect on UK-listed education publisher Pearson (PSON) which saw its shar

Defence business Chemring's (CHG) cybersecurity unit Roke is an underappreciated part of the business, but it may not go under the radar for too much longer. The company's results for the year to 31 October revealed revenue from the division exceeded £100 million for the first time with order intake of £168 million, up 59% year-on-year.Based on previous transactions in the cybersecurity space, w

- Full-year pre-tax profit rises 6.1%- Final dividend hiked by 19% to 3.8p- Roke cyber security revenue exceeds £100 million for first timeDefence firm Chemring (CHG) delivered an encouraging set of results for the 12 months to 31 October and announced a significant lift to its final dividend.The war in Ukraine helped boost defence spending, with the company reporting a 13% increase in annual rev

Chemring (CHG) 331.5pGain to date: 5.6%Original entry point: Buy at 314p, 5 August 2021Having initially struggled to gain any traction after we flagged Chemring's (CHG) appeal in August 2021, Russia's invasion of Ukraine changed the dynamics of military spending and helped lift shares in the defence firm.However, results for the six months to 30 April didn't get the best reception from the market

Chemring (CHG) 291pLoss to date: 7.3%Original entry point: Buy at 314p, 5 August 2021While the shares may not have budged off the back of Chemring's (CHG) full year results (14 Dec), we were encouraged by signs of underlying progress. In particular, improvement in margins reflects the company's transition to a higher quality business.For the year to 31 October, pre-tax profit rose to £48.8 millio

Both the blue chip FTSE 100 index and the FTSE 200 mid-cap index were unable to maintain their earlier gains and finished Tuesday's trading session in negative territory.This was despite the latest employment data which showed the UK jobless rate had fallen to 4.2% from 4.3% with the claimant count falling by a better than expected 49,700.Market sentiment was negatively impacted by a warning from

Both the blue chip FTSE 100 index and the FTSE 200 mid-cap index managed to hold onto their earlier gains at lunchtime, taking comfort from the latest employment data which showed the UK jobless rate had fallen to 4.2% from 4.3% with the claimant count falling by a better than expected 49,700.Investors are focused ahead of key interest rate decisions due from central banks later this week, with th

Defence firm Chemring (CHG) ticked 1.2% higher to 292.5p after it reported a rise in annual profit as improved margins offset a fall in revenue owing to a stronger pound.For the year ended 31 October, pre-tax profit rose to £48.8 million from £43.3 million year-on-year, while revenues fell 2% to £393.3 million.The company's underlying operating margin rose to 14.6% from 13.6%. This primarily re

UK stocks opened higher on Tuesday as unemployment fell and investors continued to await interest-rate decisions due later in the week from a host of central banks. The UK jobless rate fell to 4.2%, down from 4.3% previously, with the claimant count falling by a better-than-expected 49,700.After falling back around 60 points on Monday, the FTSE 100 has recovered some of the lost ground in early tr

Chemring (CHG) 298.3pLoss to date: 5%Original entry point: Buy at 314p, 5 August 2021Despite a positive reaction to defence firm Chemring's (CHG) latest update, the shares are a bit below the level at which we made our positive call.The drift in the share price seems at odds with the company's continued progress. On 2 November it announced its US based subsidiary Chemring Sensors & Electronic Syst

The UK's benchmark index recovered earlier losses but stayed in the red at the close despite US markets defying pre-market futures for a flat day.The FTSE 100 finished Tuesday at 7,274.81, off 0.19% on the day with iron ore pricing weakness pulling the mining sector and blue-chip index lower. Antofagasta's (ANTO) 5.5% slide led the sector loser board with the likes of BHP (BHP), Rio Tinto (RIO), G

The FTSE 100 extended losses in early afternoon trading following the release of Eurozone manufacturing data that showed a reverse to an eight-month low in October, as supply chain issues continued to cause problems for businesses.The final reading of the IHS Markit Eurozone Manufacturing PMI dipped to 58.3 in October, from the initial estimate of 58.5 and down from 58.6 in September. This marked

UK stocks took a step back on Tuesday after the FTSE 100 began the week at a new year-high. For the next two days investor attention is likely to be on the pace of interest rate hikes, with the US Federal Reserve meeting tomorrow evening and the Bank of England meeting on Thursday lunchtime.Overnight there were record highs in the S&P 500, Dow Jones and Nasdaq 100, despite further evidence of supp

Chemring (CHG) 328pGain to date: 4.5%Original entry point: Buy at 314p, 5 August 2021Our positive call on defence business Chemring (CHG) is off to steady start. On 14 September the company said its order book had risen in value, providing visibility for the rest of the year and instilling confidence that its results will meet analysts' expectations.Chemring's cyber security subsidiary Roke, one o