Tag Archives: Category:Market Report

London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of …

Analysts at Morgan Stanley downgraded their view on several UK office stocks in response to expected increases in supply and the structural uncertainties that were still present. The direction for the office subsector was clouded by a mix of cyclical and structural factors alongside a wide range of financial and …

Carbon fibre brake disc manufacturer Surface Transforms updated the market on its trading for the year ended 31 December on Tuesday, reporting that revenue for the year rose to £2m from £1.9m. The AIM-traded firm said cash at the end of the year stood at £1.1m, up from £0.8m, and …

London stocks rose in early trade on Tuesday despite the imposition of a third national lockdown in England, as investors eyed a statement from Chancellor Rishi Sunak on a fresh business support package. At 0840 GMT, the FTSE 100 was up 0.6% at 6,609.84, faring well considering England was set …

London stocks were set to fall at the open on Friday as investors continue to eye Brexit talks. The FTSE 100 was called to open 26 points lower at 6,525. CMC Markets analyst Michael Hewson said: “Asia markets have finished the week slightly on the back foot, after the Bank …

Mike Ashley’s Frasers Group was in the red, having rallied a day earlier after lifting its full-year profit guidance and reporting higher half-year profits, driven by strong sales online and at stores as they reopened after the Covid-19 lockdown. Vistry was under the cosh, along with the rest of the …

Polymetal announced an initial investment of $0.5m in exchange for a 35% stake in a joint venture with a junior on Tuesday, holding an exploration license for the Pekinskaya area of Russia’s Taimyr Peninsula, which adjoins the existing Taimyr joint venture. The FTSE 100 company said it may acquire up …

It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration. Debenhams said on Tuesday that it will continue to trade through …

Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35.0p from 5.0p based on the 35.0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus. Still, Jefferies said the deal isn’t done and risk-reward …

London’s FTSE 250 was down 1% at 19,501.42 in afternoon trade on Thursday. Investec lost ground even though the financial services company reinstated its dividend and forecast an improved second half after better-than-expected interim results. Cineworld shares slumped following a report the cinema chain is considering a company voluntary arrangement …