- Pearson CEO Bird sells almost £2 million shares to cover tax bill- CRH boss Albert Manifold offloads 170,000 shares- Record chief donates 2 million shares to fund educational scholarshipsAndy Bird, chief executive of publishing group of Pearson (PSON), has qualified for a batch of shares as part of a co-investment plan. He subsequently sold just over half of them for £2 million to fund...

Increased revenue guidance at currency and derivatives specialist Record (REC) presents investors with an opportunity to acquire shares in a company that is going places and at an undemanding valuation.Record has $83.1 billion (£67.8 billion) in assets under management equivalent for institutional clients, fund managers and corporate entities worldwide. As a currency expert, it manages the...

-Full year earnings ahead of expectations-New product offerings driving growth-Revenue guidance of £60 million for 2025 prompts upgradesShares in currency and derivatives manager Record (REC) jumped 8% to 72p following the announcement of full year results that were ahead of expectations. The group is paying a special dividend of 0.92p per share in addition to the final dividend.For the year...

London's FTSE 100 traded 0.39% higher at 7,218.19 points on Friday, the blue chip benchmark shrugging off weaker retail sales data amid easing China concerns following reports that cash-strapped property firm Evergrande will make a key interest payment at the weekend.UK retail sales volumes fell 0.2% in September, bucking expectations for a monthly rise of 0.5%.Overnight across the pond, the...

The news on 9 November of successful early trials of a coronavirus vaccine sent global markets soaring with the most beaten-down sectors like travel, leisure and hospitality, energy and banks enjoying their best daily or weekly performance in years. This has been followed by further positive news on other vaccines in development.It remains the case, however, that many of the top-performing...

Despite a strong start for UK shares, driven by renewed hope over a US stimulus package and a coronavirus vaccine, the FTSE 100 finished modestly lower on Monday.Investors were unnerved by another wave of Covid-19 lockdowns in Europe, a disappointing third quarter Chinese growth figure as well as the probability a pandemic stimulus package won't arrive before the US election.By close of play,...

UK shares got off to a strong start on Monday morning as renewed hope over a US stimulus package and a coronavirus vaccine helped investors shrug off concerns over a no-deal Brexit and negative interest rates.Yet by lunchtime, the FTSE 100 was largely flat as the boost from US stimulus hopes, vaccine developments and Chinese economic data waned. US futures suggested Wall Street would manage...

UK shares got off to a strong start on Monday morning as renewed hope over a US stimulus package and a coronavirus vaccine helped investors shrug off concerns over a no-deal Brexit and negative interest rates.Optimism has grown that US lawmakers can agree on a fresh round of stimulus after House Speaker Nancy Pelosi on Sunday set a 48-hour deadline for lawmakers to cut a deal on economic aid...

Mining and selling gold has been a very lucrative business so far this year and that doesn't look like stopping anytime soon given the wall of worries created by the fallout from the coronavirus pandemic.The shiny metal has returned princely sums for both the companies digging the commodity out of the ground, and also the people in charge of those companies it seems.Highland Gold (HGM:AIM)...

UK stocks tumbled on Monday as the number of virus cases in the UK continued to rise and fears grew of a second nationwide lockdown. At the close the benchmark FTSE 100 index was down over 200 points or 3.4%, its biggest daily loss since July, to 5,804 points.International Consolidated Airlines (IAG) was the biggest FTSE faller, dropping 12% to 97p on fears of new travel restrictions, while...

UK stocks fell sharply on Monday as the number of virus cases in the UK continued to rise and fears grew of a second nationwide lockdown. At midday the benchmark FTSE 100 index was down over 200 points or 3.4% to 5,801.International Consolidated Airlines (IAG) was the biggest FTSE faller, dropping 13% to 96p on fears of new travel restrictions, while low-cost rival EasyJet (EZJ) shed 8% to...

European and Asian markets catch a ride on the same tailwind which lifted US stocks last night, namely hopes that the US could ease tariffs on China. That would be positive for commodity producers, which is why miners and oil stocks are among the biggest risers on the UK market on Friday, the FTSE 100 firming 53 points to trade at 6,888.2.In corporate news, budget airline Ryanair (RYA) loses...

Record (REC) 43pLoss to date: 6.8%Original entry point: Buy at 46.12p 22 June 2017Currency manager Record's (REC) recent quarter to 31 March update led to a 10% decline in its share price, erasing the gains the company had made since we highlighted it.Record helps large institutional investors such as pension funds reduce the risk of losing money due to changes in the values of currencies.The...

The FTSE 100 is up 23 points to 7,362.93 as tech heavy indices in the US and Asia weakened amid news of falling demand for smart phones.Cillit Bang maker Reckitt Benckiser (RB.) falls 4.8% to £55.28 after missing its first quarter growth estimates. To March 31, the company says that its Hygiene Home division which accounts for 38% of revenue was impacted by a difficult competitive market and...

Retail investors are racing to dump stock after massive profit warnings spook the markets. Flooring business Carpetright (CPR) and funerals provider Dignity (DTY) are both hammered, while poor Christmas trading at Bonmarche (BON), the fashion chain for the maturer shopper, drags its share price heavily lower.Carpetright sees its shares plummet 45.3% to 90p as a 'significant deterioration' in...

The FTSE 100 opens 17 points lower at 7,369.17, weighed down by weakness among utility and mining stocks.United Utilities (UU.) is the biggest faller among FTSE 100 stocks, down 3.4% to 806.25p. Severn Trent (SVT) drops 2% to £21.01.Media group Sky (SKY) is top riser on the FTSE 100 thanks to reports that two US companies want to buy 21st Century Fox's interest in the business.Reports suggest...

The FTSE 100 opens 10 points up to 7,497.67 rounding off what has been a decent week for the UK's main market.Mobile operator Vodafone (VOD) shares tick up 2.7% to 230.9p as it reports organic revenue growth of 2.2% in the first quarter to 30 June. The company says it is enjoying robust growth in Italy and Spain while the UK is recovering.Emergency home repairs company Homeserve (HSV) shares...

Would you like to own shares in a company that is sitting on piles of cash, is prepared to return it you at regular intervals and has also been growing at a fair lick?We give you Windsor-based Record (REC). The company helps large institutional investors such as pension funds reduce the risk of losing money due to changes in the values of currencies.The largest part of the business, passive...

Shares in currency manager Record (REC) jumped 15.6% to 48p on Friday as the company revealed surprise plans to pay a special dividend. The proposed 0.91p per share payout will be over and above the 2p per share ordinary dividend for year to 31 March 2017, which itself shows a 20% hike on 2016's pay out.The Windsor-based company manages currency fluctuation risk for large clients, including...

Trying to protect large investors, such as pension funds, from currency fluctuations is a tough business. Record (REC) seems to have been caught out in the final quarter of its full year to 31 March 2017.Shares in the currency hedging business slumped nearly 14% to 40.50p on Friday. The decline came as the company revealed it has lost five clients and been told that a $1.2 billion mandate is...