UK Stock News
Rightmove Rejects REA Group’s ‘Opportunistic’ Takeover Proposal
Property portal giant Rightmove (LON: RMV) said Wednesday that it has firmly rejected a takeover proposal from Australian real estate firm REA Group, deeming it "wholly opportunistic and fundamentally undervalued."
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Abrdn Appoints Jason Windsor as New CEO
Abrdn plc (LON: ABDN) announced the appointment of Jason Windsor as its new Group Chief Executive Officer in a press release on Tuesday. W
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AngloGold Ashanti to Acquire Centamin For $2.5bn
AngloGold Ashanti (NYSE: AU) has agreed to acquire Centamin (LON: CEY) in a deal valued at approximately $2.5 billion, the companies announced on Tuesday. The acquisition w
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Hilton Food Group Makes ‘Another Strong Step Forward’ – Shore Capital
Hilton Food Group (LON: HFG) reported results for the first half of FY24 last week, which analysts at Shore Capital believe marked significant progress in its ongoing profit recovery.
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FTSE 100 Opens Strong – Economic Events We Are Watching This Week
The FTSE 100 and European equities have started the week beginning Monday, September 9, 2024, strong, with the London index rising, currently up 0.5%Â shortly after t
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WPP Shares Jump on Amazon Media Win
WPP (LON: WPP) shares surged more than 5% Thursday on the news reported late on Wednesday that Amazon had chosen WPP and Omnicom Media Group (OMG) to split its global media duties.
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Berkeley Group on Track for Pre-Tax Earnings Target
Berkeley Group Holdings (LON: BKG) announced Friday that its trading performance for the first four months of the fiscal year has remained steady. The company said it is co
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ABF: Primark Sales Impacted by Unfavorable Weather
On Thursday, Associated British Foods (LON: ABF) released an update on its trading performance during the second half of the financial year ending September 14, 2024. While
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Asos Announces Topshop JV, Says FY24 Sales Slightly Below Guidance
Online fashion retailer ASOS (LON: ASC) announced a series of developments on Thursday, including a refinancing plan, a joint venture for the Topshop and Topman brands, and a trading update for fiscal year 2024 (FY24).
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Hikma Pharmaceuticals Shares: Analyst Now More Confident in Growth – Here’s Why
Hikma Pharmaceuticals (LON: HIK) was upgraded to Buy from Hold at Berenberg this week, with an analyst at the firm telling investors in a note that they now have more confidence in the growth outlook across the business for t
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M&G Well Positioned to Navigate Challenging Market Despite Operating Profit Decline
M&G plc (LON: MNG) posted what it described as a resilient financial performance for the first half of 2024 despite reporting a decline in adjusted operating profit and net client flows.
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Viaro Energy Acquiring North Sea Assets
In recent days, independent British producer Viaro Energy has made a significant stride in expanding its portfolio by declaring its intention to acquire Shell and Exxo
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HSBC Boosts Shareholder Value with £3bn Buyback
HSBC Holdings shares (LON:HSBA) have pulled back 1.1% in London trading today, with news of a substantial £3 billion share buyback along with a declaration of a second interim dividend of $0.10 per share failing to provide th
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BP to Hand Shareholders $7 Billion on Stock Buybacks
U.K.-based oil giant BP PLC (LON: BP) has announced an upcoming reward for its shareholders, a hefty $7 billion that will come through stock repurchases. This decision c
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Citi Maintains Bullish Stance on Diageo But Trims Target
Citi has reaffirmed its confidence in Diageo PLC (LON:DGE), maintaining a "Buy" rating on the global beverage giant's stock yet slightly reduced its price target from 3000p to 2900p. This adjustment comes in the wake of Diage
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Kingfisher Cut at Barclays Ahead of ‘Potentially Underwhelming’ H1 Results
Shares of British home improvement retailer Kingfisher (LON: KGF) fell around 1% in Monday's session following a downgrade by Barclays, which shifted its rating from Overweight to Equal Weight in a note to clients.
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Watches of Switzerland Confident in Delivering FY25 Guidance
Watches of Switzerland Group (LON: WOSG) said in a trading update on Tuesday that trading for the first 18 weeks of the financial year has been in line with expectations. [sto
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Shell Receives Further Analyst Support
Shell shares (LON: SHEL) trade mildly green on London markets today, up 0.2% as the FTSE 100 index remains r
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Cerillion’s Share Price (LON: CER) Delivering Long Term Gains In Boost to UK Tech
Cerillion (LON: CER), an IT services company specialising in artificial intelligence enhanced communication systems, has emerged a
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FTSE 100: A Mixed Start For European Equities
The FTSE 100 and European equities have started the week beginning Monday, September 2, 2024, mixed, with the London index edging slightly higher, gaining around 0.02%Â shortly after the open. On Friday, the FTSE 100 edged ar
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Rightmove: REA Eyes Potential Acquisition
Australia's REA Group confirmed on Monday that it is considering a potential cash and share offer for to acquire Rightmove (LON: RMV), the leading online property marketplace in the United Kingdom.
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Compass Group Shares (LON:CPG) Continue To Outperform, Where Next?
Compass Group shares (LON: CPG) are coming off 52 week highs this week, as the London listed stock continues to outperform the index. A 12.46% on a YTD basis brings the 12
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Reckitt’s Outlook Dims; JPMorgan Cuts Rating
Reckitt's shares are trading up today, gaining 1.04% and continuing the mini recent revival. This upswing comes despite a recent move that caught the attention of investors. Notably, JPMorgan has downgraded the stock of Recki
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