[ad_1] Valve manufacturer Rotork was on the back foot as its stock went ex-dividend. Frasers Group, formerly Sports Direct, gained after saying it plans to spend £100m on its digital elevation strategy and forecasting a 10-30% improvement in underlying core earnings next year as 2020 profits fell by a fifth due to the Covid-19 pandemic….
[ad_1] William Hill surged after Jefferies upped its price target on the buy-rated stock. “William Hill boasts the leading US sports betting market share, yet we see zero value priced in. US competitive positioning continues to strengthen with: 1) An enlarged retail footprint due to the Caesar’s deal; and, 2) Launch with CBS Sports that…
[ad_1] Engineering company Renishaw was the worst performer as it posted a drop in full-year profit as revenue fell amid “very challenging economic conditions”. National Express was also on the back foot after saying it swung to a half-year loss as the coronavirus lockdown led to an 80% slump in passenger traffic. 4imprint lost ground…
[ad_1] London’s FTSE 250 was up 0.5% at 18,077.60 in afternoon trade on Wednesday. Online electrical goods retailer AO World surged to the top of the index, with traders pointing to positive read-across from Asos, which said annual sales and profit were set to be “significantly ahead” of market expectations. Although one sells electricals and…
[ad_1] London’s FTSE 250 was up 1.4% at 17,964.71 in afternoon trade on Tuesday. Cineworld surged, with traders pointing to speculation the company may be taken private by its founder. The shares had already rallied on Monday on takeover speculation after a US judge granted the government’s request to end the Paramount Decrees, which is…
[ad_1] London’s FTSE 250 was up 0.8% at 17,302.31 in afternoon trade on Tuesday. EasyJet was sitting pretty at the top of the index as it said it expects to report a smaller loss for the fourth quarter of the year and announced the expansion of its flight schedule amid stronger-than-expected summer bookings, after taking…
[ad_1] AO World was under pressure after saying it experienced strong demand during the Covid-19 crisis but was cautious about the outlook as it reported a smaller annual loss. The online household appliance retailer’s operating loss for the year to the end of March narrowed to £3.8m from £13m as total revenue rose to £1.05bn…
[ad_1] London’s FTSE 250 was 0.6% higher at 17,221.83 in afternoon trade on Monday. Energean surged to the top of the index after saying it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices amid the coronavirus crisis….
[ad_1] London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It also said it was…
[ad_1] London’s second-tier index finished in the red yet again as investors took stock of the Chinese coronavirus’s continuing spread globally and after the US Centers for Disease Control and World Health Organisation called for measures to be put in place immediately to break its advance. Despite those warnings and a handful of new infections…