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 …
Read More »Europe close: Stocks take knife-edge US election results in their stride
European shares recovered from early morning drop to trade sharply higher, despite no clear outcome in the US presidential election as of yet and weak industry data across the euro zone suggesting a double dip recession. With the result of the White House vote still hanging in the balance and …
Read More »Darting pioneer Deta Hedman will get her moment in spotlight at PDC World Championship | Darts News
Deta Hedman will celebrate her 61st birthday before making her PDC World Championship debut Deta Hedman is a darting pioneer – instrumental in putting women’s darts on the map. Later this year, Hedman will become the second oldest debutant in PDC World Championship history and you’d struggle to find anyone …
Read More »FTSE 250 movers: Renishaw retreats on results; Watches of Switzerland sparkles
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 …
Read More »FTSE 250 movers: AO World surges; Capco down on results
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 …
Read More »Royal Mail says pandemic spurs need for change
(Reuters) – Royal Mail (RMG.L) Executive Chairman Keith Williams said on Thursday the COVID-19 pandemic has accelerated the need for a change at its UK business by three to four years as customers demand more parcels and fewer letters. In a brief interview with Reuters following the company’s financial results, …
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: Hochschild shines on results; Plus500 retreats
London’s FTSE 250 was up 0.6% at 21,817.41 in afternoon trade on Wednesday. South America-focused miner Hochschild Mining surged to the top of the index as it said higher precious metals prices helped it to double annual profits. The company said pre-tax profits rose to $76.8m from $38.4m on a …
Read More »FTSE 250 movers: Beazley boosted by results; Royal Mail fails to deliver
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% …
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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