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Cineworld Negotiates Closure of UK Cinemas

Cineworld, the second-largest cinema chain globally, has initiated discussions with some of Britain's major commercial landlords over plans to potentially close up to a quarter of its cinema locations across the UK. This dras

Cineworld cinema
Asktraders News Team
Glencore Shares: Analyst Sees ‘Significant Inflection in Shareholder Returns’

Glencore (LON: GLEN) shares were upgraded by analysts at Barclays in a note this week, citing a potential inflection point in shareholder returns.

glencore plc glen mining
Sam Boughedda
Euro 2024 Fuels UK Supermarket Surge – TSCO, SBRY Market Share Grows

In an impressive show of resilience, UK supermarkets have experienced a resurgence in sales over the past month, marked by a 2.2% increase in the four weeks leading up to July 7th. This growth phase coincides with the much-an

teso shopping trolley in aisle
Asktraders News Team
Phoenix Group Share Price (LON: PHNX) Goes Green YTD | Is Sentiment Shifting In Big Dividend Payer?

Investors looking for dividends might want to pay attention to Phoenix Group (LON: PHNX), a notable performer in the FTSE 100 in

Asktraders News Team
B&M Shares (LON: BME) Up Strongly As Q1 Revenue Rises

B&M European Value Retail (LON: BME) reported a solid start to its financial year on Tuesday, with group revenues increasing by 2.4% in the first quarter to £1.345 billion. The BME share price has been steadily climbing t

B&M European Value Retail store
Sam Boughedda
Ocado Revenue Rises But Analyst Says Company Needs to ‘Seriously Consider Its Options’

Ocado Group (LON: OCDO) reported "strong financial progress," with revenue increasing 12.6% to £1.5 billion in the first half of the year (for the 26 weeks ended 2 June 2024).

Ocado delivery
Sam Boughedda
Lloyds Bank Shares (LON: LLOY) Continue To Outperform

Shares of Lloyds Banking Group (LON: LLOY) have demonstrated significant growth in the past year, with a 22.3% increase year to date and an impressive 31.1% ris

Lloyds Bank LON:LLOY
Asktraders News Team
BATS Earnings Preview (LON: BATS) – Are Revenue and Profit Both Set To Dip?

With the British American Tobacco share price (LON: BATS) battling to return into positive territory over the past 12 months (-1.57%), the 6.5% gains through 2024 have certainly given holders something to cling to. The next c

British American Tobacco office
Asktraders News Team
Prudential’s Share Price (LON: PRU) Shed 16% YTD, Near 12-Year Low As Profits Climb

Investors hunting for undervalued stocks in the FTSE 100 might find Prudential PLC shares (LON: PRU) an interesting case, trading down at 716.4. This marks their weakest performance since 2012, highlighting a significant pote

Prudential
Asktraders News Team
UK Trims NatWest Shares (LON: NWG) | Stake Now Below 20% As Price Trades Near 5 Year Highs

In a significant move to further reduce its involvement with the banking sector since the 2008 financial crisis, the UK government, through UK Government Investments Ltd (UKGI), has sold a substantial block of shares in NatWe

Natwest branch
Asktraders News Team
Diageo Shares Downgraded by Goldman Sachs

In a notable move by analysts at Goldman Sachs, Diageo (LON: DGE), the prominent FTSE 100 beverage company, has received a downgrade to a 'sell' rating accompanied by a lowered price target of 2450p. This shift in outlook com

Diageo drinks
Asktraders News Team
Unilever Shares (LON: ULVR) Up Today, As Cost Cutting Announcement Made

In an effort to revive growth and streamline operations, consumer goods giant Unilever (LON: ULVR) has announced plans to cut a third of its office positions across Europe by the end of 2025. This decision is part of the comp

Unilever Nigeria Plc
Asktraders News Team
Shell (LON:SHEL) Stock Retains Overweight Rating by JPMorgan

Investment bank JPMorgan has reiterated its 'overweight' rating on Shell shares (LON:SHEL), with a price target set at 3,500p. This recommendation reaffirms the

Shell Aktie Dividende
Asktraders News Team
Burberry Shares Tumble as Q1 Performance Disappoints

Burberry's (LON: BRBY) shares plunged over 11% following a disappointing first-quarter FY25 performance update. The luxury fashion house reported a 22% drop in retail reven

Burberry store
Sam Boughedda
FTSE 100 Slides As Market Assesses Weekend Events

The FTSE 100 has started the week beginning Monday, July 15, 2024, on the back foot, with the index falling 0.58% to 8,205.45 just after the opening bell. On Friday, London’s blue-chip index rose 0.36%, gaining 29.57 points,

Sam Boughedda
(LON: OCDO) Ocado Share Price Up More Than 35% From Lows

Ocado Group's share price (LON: OCDO) has surged more than 35% from the lows set at the end of June. Part of the catalyst for this price rally can be attributed to the announcement of plans to expand its technological infrast

Ocado delivery
Asktraders News Team
Funds Continue to Short Ocado Shares – Here’s why

Ocado (LON: OCDO) shares have rallied more than 24% in the last week, but the online grocery giant remains a contentious stock among investors, with several firms going short.

Ocado delivery
Sam Boughedda
Kingfisher Shares: Bullish or Bearish?

Kingfisher plc (LON: KGF), the parent company of B&Q and Screwfix, is subject to a mix of analyst views. While one camp sees the home improvement giant as a promising investment, others are taking a more cautious stance.

B&Q Kingfisher
Sam Boughedda
Will The New UK IPO Rules Impact London Listings?

The United Kingdom's Financial Conduct Authority (FCA) has announced a comprehensive overhaul of listing rules aimed at making London a more competitive destination for initial public offerings (IPOs). In the latest bid to dr

European IPOs
Asktraders News Team
FTSE 100 Index Showing Resilience

The FTSE 100 index has seen a notable start to 2024, striking record highs in May and demonstrating a resilience that outpaces its performance from the previous year. Desp

Asktraders News Team
Next Share Rating Boosted at Citi on Positive Consumer Environment

Next plc (LON: NXT) shares gained more than 2% in Wednesday's session after positive commentary and a re-rating from an analyst at one investment bank.

Next store
Sam Boughedda
British Airways Owner IAG’s Shares Jump – Here’s Why

IAG (LON: IAG) shares rose around 3% on Wednesday, fueled by a double-upgrade from Morgan Stanley. Analyst Conor Dwyer upgraded the stock from Underweight to Overweight, citing a more positive outlook on pricing and capacity

how to buy iag shares 2023
Sam Boughedda
Begbies Traynor Shares (LON:BEG) Gain Bullish Note With Price Target Cut

Canaccord has revised its price target for Begbies Traynor shares (LON:BEG), marking a reduction from 175p down to 158p. Despite the lowered price target, the firm continues to see a promising outlook for the company, maintai

Asktraders News Team