London’s FTSE 100 was up 0.6% at 7,507.12 in afternoon trade on Tuesday. Imperial Brands was the top performer on the index as it reported lower operating profit after accounting for its exit from Russia in response to the invasion of Ukraine, but said it was on track to meet …
Read More »London midday: FTSE maintains gains as Royal Mail rallies on update
London stocks had maintained gains by midday on Tuesday, having taken their opening cue from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update. The FTSE 100 was up 0.8% at 7,357.44, having slumped 2.6% on Monday amid growing tensions between Russia and …
Read More »FTSE 100 movers: Darktrace slumps on relegation news; BP rallies
London’s FTSE 100 was down 0.4% at 7,138.52 in afternoon trade on Thursday. Cybersecurity firm Darktrace tumbled as it emerged it will be relegated to the FTSE 250 in the next quarterly reshuffle. Royal Mail was under the cosh as it traded without entitlement to the dividend. Asset manager Abrdn …
Read More »Royal Mail rallies after JPMorgan upgrade
Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be …
Read More »FTSE 250 movers: HGCapital Trust rallies; Bellway falls on downgrade
London’s FTSE 250 was up 0.1% at 17,508.76 in afternoon trade on Friday. HGCapital Trust was a high riser after saying it will invest around £17.1m in Norwegian enterprise software group Visma. On the downside, oilfield services company Petrofac was in the red after a downgrade to ‘market perform’ from …
Read More »FTSE 250 movers: Rotork retreats; Frasers rallies
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 …
Read More »FTSE 100 movers: S&N rallies on results; Meggitt hit by broker note
London’s FTSE 100 was flat at 7,457.19 in afternoon trade on Thursday as investors weighed better-than-expected retail sales data against ongoing concerns about the coronavirus. Smith & Nephew was the standout gainer as the artificial hip and knee maker said full-year revenue grew 4.4%, at the top end of the …
Read More »FTSE 250 movers: Kaz rallies; Micro Focus tumbles on results
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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