Fenby, who took over as MD at Midwich back in 2010, bought the shares on Friday at an average price of 500.0p each, for a total transaction value of £1,000,000. Midwich chairman Andrew Herbert’s wife Sharon also snapped up 3,000 ordinary shares in the firm. As of 1635 GMT, Midwich …
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The first quarter of 2020 is “make or break” for Hargreaves Lansdown as investors examine whether weak inflows are the result of temporary factors or increased competition, Berenberg said as the broker cut its price target on the company’s shares. Keeping their ‘hold’ rating on the stock the Berenberg analysts …
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“Things will get worse before they get better,” the bank said, adding that the current cash flow trajectory implies a cash crunch, with dividends and capex outpacing cash generation by around £200m. Bernstein said management will have to choose between restarting the transformation, cutting the dividend, or increasing borrowing. “The …
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London’s FTSE 250 was up 0.3% at 21,576.49 in afternoon trade on Thursday. Insurer Beazley was the standout gainer after it posted a better-than-expected surge in full-year pre-tax profit as three of its six divisions achieved double-digit growth. In the year to the end of December, pre-tax profit surged 250% …
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London stocks were set to rise at the open on Thursday amid signs of easing trade tensions between the US and China. The FTSE 100 was called to open 55 points higher at 7,537. CMC Markets analyst David Madden said: “In a bid to improve China-US trading relations, overnight Beijing …
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Kaz Minerals rallied as copper prices advanced. Science and engineering company Qinetiq pushed up as it said it continued to perform in line with its expectations in the third quarter and announced the acquisition of Newman & Spurr Consultancy for £14m. Electrocomponents was on the rise as its trading statement …
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A widely-followed gauge of US consumer sentiment picked up more quickly than anticipated at the start of 2020, pointing to a still solid outlook for spending. The Conference Board‘s consumer confidence index rose from December’s upwardly-revised print of 128.2 to 131.6 (consensus: 128.0). A sub-index tracking consumers’ assessment of current …
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London’s FTSE 250 was up 0.7% at 21,459.06 in afternoon trade on Tuesday. Irn-Bru maker AG Barr was the standout perform as it said full-year adjusted profit before tax was expected to be at the top end of current market expectations, “just ahead” of £37m. Revenue for the period was …
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At home, foreign trade data for November are scheduled to be published on Monday, followed by readings on consumer prices and retail sales in December set to follow on Wednesday and Friday, respectively. Investors will be scrutinising those reports for further signs of weakness which might cement expectations in financial …
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London’s FTSE 250 was 0.60% lower at 20,796.68 in afternoon trade on Tuesday, with Aston Martin Lagonda leading the index downward. Hunting followed close behind as it was knocked lower by a downgrade to ‘neutral’ at Credit Suisse due to falling US shale activity levels and disappointing results from internationally-exposed …
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