CEO appointed from withinDan Finley transformed DebenhamsMike Ashley may yet flex his musclesChallenged online fashion retailer Boohoo (BOO:AIM) has shunned major shareholder Frasers' (FRAS) demand to install Mike Ashley as CEO and appointed internal candidate Dan Finley as its new boss instead.Finley has been running Boohoo's fast-growing online department store Debenhams since 2022 and replaces

Stock prices in London were in the green on Wednesday morning, after Office for National Statistics data showed that while the rise in consumer prices accelerated, it was softer than anticipated.The FTSE 100 index opened 50.47 points, or 0.6%, at 8,285.28. The FTSE 250 was up 129.38 points, 0.6%, at 20,874.28, and the AIM All-Share was up 1.62 points, or 0.2%, at 769.60.The Cboe UK 100 was up 0.8%

For readers who may not be aware, being market-cap weighted both the FTSE 100 and the FTSE 250 index are reviewed and rebalanced every three months to take account of share price movements.In the previous review, which took place at the end of February, budget airline group EasyJet (EZJ) won promotion to the FTSE 100 while precious metals group Endeavour Mining (EDV) was relegated to the FTSE 250

Pre-tax profit down 3.2%CEO heralds 'pivotal' yearRelief rally as guidance maintainedPets at Home's (PETS) shares have been buffeted by weakening demand and a CMA (Competition & Markets Authority) probe into the vet industry.However, the stock rallied 4.2% to 295.2p on Wednesday, despite news of a full-year profits decline.Investors were relieved as the dog food-to-cat litter seller stuck with gui

Shares down 55% over the past yearAnnual group pre-tax loss of £98.3 millionSlow post-pandemic recoveryShares in Mobico (MCG) were down over 8% to 54p in morning trading despite the bus and rail business reporting a 12.2% rise in group full year revenue to £3.15 billion, driven by improved passenger volumes, route recovery and pricing.The transport group however made a group pre-tax loss of £98

Mitie (MTO) 105pMarket cap: £1.4 billionFounded in 1987, Mitie Group (MTO) is the UK?s largest facilities management company looking after two and a half million assets for more than 3,000 customers.The firm takes care of buildings from banks to retailers, schools, hospitals and critical government sites, as well as the people who work in them, helping make them safer, more efficient and greener.

2023 profit guidance revised downSecond delay to 2023 resultsExpects reduction in cost recovery of around £15 millionFormerly known as National Express, Mobico (MCG) was the second biggest faller in the FTSE 250 after the international transport operator lowered annual profit guidance amid accounting issues at its German business.The shares fell 8% to 65.4p which, if sustained would be the worst

Shares in bus and rail business Mobico (MCG) have fallen 37% over one year and more than 80% over five years as the slow post-pandemic margin recovery at the renamed National Express continues to frustrate long-suffering investors.Having spooked the market less than six months ago by cutting guidance and suspending the dividend, the FTSE 250 firm has now delayed its results for the 2023 calendar y

The pound recovered on Tuesday after the Bank of England?s Andrew Bailey discussed possible interest rate cuts, but stock prices still closed down in London.The FTSE 100 index closed down 9.29 points, 0.1%, at 7,719.21. The FTSE 250 ended down 107.27 points, 0.6%, at 19,109.63, and the AIM All-Share closed down 3.28 points, 0.4%, at 753.05.The Cboe UK 100 ended down 0.1% at 772.61, the Cboe UK 250

Stock prices in London were mixed heading into the afternoon on Tuesday, although Barclays helped propel the FTSE 100 into the green on a busy morning of corporate updates and earnings.The FTSE 100 index was up 7.91 points, 0.1%, at 7,736.41. The FTSE 250 was down 47.03 points, 0.2%, at 19,169.87, and the AIM All-Share was down 0.91 of a point, 0.1%, at 755.42.The Cboe UK 100 was up 0.1% at 774.51

Delay caused by German businessFigures being reviewed back to 2022Increase in onerous contract provisionsAfter spooking the market less than six months ago by cutting guidance and suspending the dividend, UK bus and rail group Mobico (MCG) ? formerly known as National Express ? has done it again by delaying its full-year results due to ?accounting adjustments? for its German business.The shares, w

Near-£3 million settlement reached with ex-CEORevolution sees settlement as ?fair?Makeup firm may face legal action from ChrysalisSmall cap cosmetics firm Revolution Beauty (REVB:AIM) has reached a near-£3 million settlement with co-founder and former CEO Adam Minto, one that seemingly draws a line under the accounting scandal that delayed its 2022 results and sent the shares up 4% to 31p on Mon

Full year guidance downgradedDemand slows in retail businessReturning accessories to growth a ?key priority?Britons are famously devoted to their pets but a profit warning from Pets at Home (PETS) demonstrates there are limits to the sums they will spend on their furry friends.Shares in the UK pet care leader softened 2% to 287.5p after it said third quarter sales ?didn?t quite hit? anticipated le

There were several trends in the UK stock market this year which, if you managed to identify them, served you well.Most obviously, although it may not have seemed it at the index level, large-cap stocks generally performed better than small- and mid-caps, although for the lucky few the small-cap space has been rife with takeover activity.In terms of sectors, aerospace and defence topped the FTSE 3

Profit recovery taking longer to deliverDividend suspendedNorth America bus sale to accelerate deleveragingShares in Mobico (MCG) reversed the best part of 30% to an all-time low of 61.5p in morning trading on 12 October after the bus, coach and rail services provider formerly known as National Express warned its turnaround was taking longer-than-expected to achieve.This has prompted the FTSE 250

Holt and Zissman to resignBoohoo withdraws general meeting requestRevolution Beauty begins search for new CEORevolution Beauty's (REVB:AIM) CEO Bob Holt and chairman Derek Zissman have agreed to step down from their roles after the make-up, haircare and skincare brand reached a settlement with major shareholder Boohoo (BOO:AIM).Having gotten its way over management changes, with former New Look bo

Stocks in London traded higher at Tuesday's open, with Ocado and Darktrace topping the FTSE 100 and 250 indices respectively.The FTSE 100 index opened up 4.29 points, 0.1%, at 7,410.71. The FTSE 250 was up 65.29 points, 0.4%, at 18,469.72, and the AIM All-Share was up 1.31 points, 0.2% at 750.62.The Cboe UK 100 was marginally lower at 739.01, the Cboe UK 250 was up 0.3% at 16,202.51, and the Cboe

Revolution Beauty surges 57% after suspension liftedSpat with major shareholder Boohoo intensifiesBoohoo accused of attempting boardroom coupThere's nothing beautiful about the spat between online fast fashion retailer Boohoo (BOO:AIM) and make-up supplier Revolution Beauty (REVB:AIM), in fact it has turned downright ugly.Revolution Beauty's top shareholder wants the company to call a general meet

Stocks in London ended lower on Monday, feeling the pressure of an expected interest rate hike in the UK on Thursday, as well as disappointing growth expectations for China.The FTSE 100 index closed down 54.24 points, or 0.7% at 7,588.48 on Monday. The FTSE 250 ended down 176.60 points, or 0.9%, at 18,854.29. The AIM All-Share closed down 2.48 points, or 0.3%, at 790.11.The Cboe UK 100 ended down

Sets out ambitious new growth planUnveils new £50 million buybackBut negative read-across from US counterpart weighs on sentimentResilient pet care business Pets at Home (PETS) reported record sales, underlying pre-tax profits and free cash flow for the year to March 2023 and reiterated its 2024 guidance in the face of inflationary pressures and a cost-of-living crisis.The pet food-to-vet service