Q3 sales and profit beatFull year profit guidance raisedNew $5 billion share buybackLeading gaming and betting firm Flutter Entertainment (FLTR) jumped 4% to an all-time high of £201 after revealing third quarter earnings ahead of analysts' expectations, raising guidance and announcing a $5 billion share buyback.The shares have surged 46% this year, trouncing Ladbrokes owner Entain (ENT) and Will

Group revenue down 8% to £2.7 billionTotal ITV Studios revenue down 20% to £1.21 billionAdditional £20 million net cost savings in 2024Shares in ITV (ITV) fell more than 8% to 66p in morning trading as the free-to-air broadcaster said group revenue fell 8% at £2.7 billion in the nine months to 30 September.Total ITV Studios revenue was down 20% to £1.21 billion impacted by the expected phasin

With the UK economy seemingly headed for a 'soft landing' and interest rates set to fall at some point this year, more adventurous investors will be looking to add a little more risk to their portfolios.Given the UK market, and the mid-cap space in particular, is widely acknowledged to be cheap, the passive option would be to buy a mid-cap ETF (exchange-traded fund) such as the iShares FTSE 250 (M

CFP SDL Free Spirit (BYYQC27) 160.7pAssets: £66.9 millionInvestors seeking to position portfolios for a re-rating of UK small and mid cap companies and a return to favour for the quality growth style should buy the CFP SDL Free Spirit (BYYQC27) fund. Admittedly, the sister vehicle to Sanford DeLand?s bigger CFP SDL Buffettology (BF0LDZ3) fund lags the IA UK All Companies sector over one and three

We begin this article with the cautionary tale of former high-flying cloud telephony and conferencing firm LoopUp (LOOP:AIM).At the beginning of March, the firm dropped a bombshell on investors by announcing the board had unanimously decided that canceling its listing on AIM and raising money from a handful of private backers was ?in the best interests of the group and our shareholders?.The stock

New guidance sees strong US profit growthRevenue forecast to be up 17.5% and EBITDA up 30%US primary listing shareholder vote on 1 May 2024Online sports betting group Flutter Entertainment (FLTR) topped the FTSE gainers, notching-up a new all-time high of £179.75 after forecasting strong growth in 2024 at its market leading US fantasy sports betting brand FanDuel.The shares are up 24% over the la

European equities were on the up on Monday afternoon, getting some impetus from bullish trade in New York at the end of last week and for now overlooking interest rate worries.Federal Reserve rate cut bets for March have steadily ebbed. The US central bank is now odds-on to hold rates in its March meeting.The FTSE 100 index was up 13.49 points, 0.2%, at 7,475.42. The FTSE 250 was up 146.18 points,

Energy transition fund calls it a dayIncome fund sets out its optionsUS-listed funds circling the sectorThe shake-out in the investment trust space continues with one fund announcing today it would liquidate its assets and return cash to shareholders and another opting for a strategic review to determine its future.Shares in both trusts jumped on the news, but the likelihood is both will end up ex

Shares in US cybersecurity firm Fortinet (FTNT:NASDAQ) plunged 18% after disappointing both on revenue and on the outlook with its third quarter update.Fortinet has 680,000 global customers and sells a complete cybersecurity package on a subscription basis. This includes firewalls and risk-detection tools.Although you would expect strong demand given the growing importance of businesses protecting

Stock prices in London ended largely lower on Wednesday as investors nervously eyed continuing tensions in the Middle East and an incoming interest rate decision from the European Central Bank.The FTSE 100 index closed up 24.64 points, or 0.3%, at 7,414.34. The FTSE 250 ended down 123.39 points, or 0.7%, at 16,870.71, and the AIM All-Share closed down 4.63 points, or 0.7%, at 673.82.The Cboe UK 10

The FTSE 100 outperformed its European peers on Tuesday, thanks to some favourable UK wage data, which should take some pressure off the Bank of England in November.Meanwhile, in the US, stocks were largely lower, as data reinforced higher for longer interest rate worries.Globally, worries surrounding the Israel-Hamas conflict continued to cast a shadow over markets.The FTSE 100 index added 44.58

Stock prices in London were higher on Tuesday morning, helped by weaker-than-expected UK wage inflation and potential diplomatic developments in the Middle East as US President Joe Biden is set to visit leaders of countries in the region.The FTSE 100 index opened up 29.76 points, 0.4%, at 7,660.39. The FTSE 250 was up 37.53 points, 0.2%, at 17,556.92, and the AIM All-Share was up 0.63 of a point,

Investing in Hipgnosis Songs Fund (SONG) was meant to have been a no-brainer. Sadly, that has been far from the truth.The investment trust owns the rights to certain popular songs. It gets paid every time these songs are featured in a film, TV show or advert; played on the radio or in a public place or streamed.By proactively finding ways to earn more money from the songs, Hipgnosis should have be

Sale seat capacity 15.26 millionShares up 17% year-to-dateMarket share will grow says analystsShares in Jet2 (JET2:AIM) were up more than 7% to £11.04 as the low-cost airline posted a positive trading update ahead of its annual general meeting.Jet2 shares are up 17% year-to-date as investors continue to be pleased with the company's post-pandemic strategy. Analysts at Canaccord Genuity bel

Smaller in size than the popular £3.47 billion Evenlode Income Fund (BD0B7D5), Shares believes this is a good time to put money to work with sister fund Evenlode Global Income (BF1QNC4). Launched in late 2017, the latter has delivered a five-year annualised total return of 8.9%, ahead of the 5.7% from theformer, despite a recent headwind from its lack of exposure to large tech firms operating in

US primary listing shift on trackFanDuel turned a profit in first halfBut Australia revenue dip disappoints investorsPaddy Power-to-Betfair brands owner Flutter Entertainment (FLTR) posted in-line first half results and said its American FanDuel business has reached an inflection point by generating a profit.However, the shares cheapened 5.7% to £141 after the betting and gaming behemoth bemoaned

High street banks stand accused of short-changing savers by not passing on the full interest rate rise since the Bank of England hiked rates. Now the Government, regulators and news sites are all focused on the gap between what banks are charging on mortgage rates and what they are offering cash savers.Moneyfacts data shows the gap is huge, with average two-year fixed rate mortgage going from 2.52

- Q1 revenue surges 46% - Market share gains/ US on track to reach profitability in 2023- Investors vote overwhelmingly for additional US listingSports betting and gaming company Flutter Entertainment (FLTR) said first quarter revenue jumped 46% to £2.4 billion driven by strong US growth and an 'exceptional' performance from Sisal, the Italian business purchased for €1.9 billion in August 20

Today's era of higher interest rates means shares face competition for investors' hard-earned savings money from the interest on cash and the coupons paid out by bonds. However, the purchasing power of cash is being eroded by inflation, while the coupons investors clip from bonds can only ever be fixed.'The beauty of equities and equity income is the growth,' says Troy Asset Management's Blake Hut

Satellite firm Virgin Orbit's (VORB:NASDAQ) filing to the SEC on the day it announced it was entering Chapter 11 bankruptcy protection laid bare the mountain the company had been trying to scale.The company expected revenues for 2022 to be in the region of $30 million but overall Virgin Orbit expected to post a loss more than six times that figure.Space is an expensive business; in the past the hu