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FTSE 100 & FTSE 250 Index Both Post Losses On The Week – What Next?

The FTSE 100 gave back 1.19% on the week, as the FTSE 250 index lost 2.12% to continue what has been a poor start to June. London's benchmark

UK short
Asktraders News Team
Ashtead Group Shares (LON: AHT) Dip As Value Gap Discussed

London listed Ashtead Group shares (LON: AHT) could be looking for a new home across the Atlantic if early rumblings are to believed. It is said that board members at the firm are seeing a valuation gulf between themselves an

Asktraders News Team
Crest Nicholson Says Bellway Revised Proposal ‘Significantly Undervalued’ Company

Crest Nicholson (LON: CRST) rejected a revised takeover proposal from Bellway (LON: BWY), claiming it significantly undervalued the company and its future prospects. The re

Bellway Homes
Sam Boughedda
Tesco Q1 Sales Increase as Market Share Continues to Grow

Tesco (LON: TSCO) reported continued momentum in its business for the first quarter of the 2024/25 financial year, with strong sales growth and increasing market share. [stock

Tesco store
Sam Boughedda
B.P. Marsh & Partners Shares (LON:BPM) Continue To Gain After Strong FY 2024

B.P. Marsh & Partners share price (LON: BPM) added 1.8% yesterday, bringing the total gain over the past 12 months to 36.49%. Recent reports of a significant increase in their earnings for the full year of 2024 have added

B.P. Marsh Logo
Asktraders News Team
UK Bank Stocks – The Best Performers? (LLOY, HSBA, NWG, BARC)

Since the financial crisis of 2008, most of the UK bank stocks have been in retreat as the financial ecosystem had to adapt to changing rules. In recent years however there has been somewhat of a renaissance, with all the maj

Bank of England
Asktraders News Team
Flutter Entertainment Stock Pullback ‘Excessive’ Says Analyst

JPMorgan analysts see the 15% decline in Flutter Entertainment (LON: FLTR) (NYSE: FLUT) shares over the last two months as an overreaction, calling it an "excessive pullback" in a note this week. 

Flutter Ent office
Sam Boughedda
Will National Grid Shares Rise? These Analysts Believe So

Despite the almost 10% decline in shares of National Grid (LON: NG.) (NYSE: NGG) this year, analysts at both Goldman Sachs and Citi are bullish on the stoc

Sam Boughedda
UK Supermarket Stocks Have Mixed 12 Months – Who Stands Out? (TSCO, SBRY, MKS)

Inflation has been rearing it's head a lot in recent years, and supermarkets and retailers have been feeling the pressure more than most, as central banks' fight stands against profit margins.

Tesco store
Asktraders News Team
London Stock Exchange in Talks To Take Over Parts of PrimaryBid – Sky News

Sky News reported late Tuesday that the London Stock Exchange (LSE) is in advanced talks to take over parts of PrimaryBid, a leading British fintech company.

Stock Exchange
Sam Boughedda
3i Group Shares (LON: III) Look Set To Retest All Time Highs After Consolidation Phase

3i Group shares (LON: III) gapped up on this morning's open, starting at a new all time high at 2997p, up from Tuesday's close of 2770p. The stock is now on the verge of breaking through a significant resistance level, signal

Asktraders News Team
DFS Furniture Cuts FY24 Expectations as Demand Levels Hit ‘Record Lows’

DFS Furniture (LON: DFS), the UK furniture retailer, lowered its profit and revenue forecast for the financial year ending June 30th, 2024, citing weak consumer demand and ongoing shipping issues.

DFS Furniture
Sam Boughedda
Raspberry Pi Shares (LON: RPI) Up Strong As IPO Buzz Hits

In a triumphant public offering that has energized the London financial scene, shares of popular computing firm Raspberry Pi surged by as much as 40% after its

Raspberry Pi
Asktraders News Team
M&G Shares Preferred Over Aviva at JPMorgan

Analysts at JPMorgan upgraded shares of M&G (LON: MNG) but downgraded Aviva (LON: AV.) in a note Monday, also removing the company's shares from its Analyst Focus List.

Aviva logo
Sam Boughedda
GSK Starts Appeal Process for Zantac Ruling

Drugmaker GSK (LON: GSK) said Tuesday that it is appealing a recent Delaware court decision that allowed certain expert testimony to be used in ongoing lawsuits over Zantac (ranitidine).

GSK
Sam Boughedda
Down 9% YTD, Land Securities Share (LAND.L) Price Target Cut

Land Securities Group shares (LON: LAND) have had a difficult start to 2024, with the stock price down 9% YTD. A recent price target revision to the downside at Berenberg Bank is not as bad as might first seem, when consideri

Asktraders News Team
Value In Vodafone Shares (LON: VOD) With Dividend Cut Looming?

The Vodafone share price (LON: VOD) has undeniably seen better days. Once a beacon of Europe's market, now its share price stands at a humble 71.5p, a drastic contraction from its maximum heights around the turn of the millen

Asktraders News Team
FTSE 100 Slides: Key Events to Watch This Week

The FTSE 100 has started the week on the back foot, currently down 0.6% to 8,196.35 in early Monday trading on June 10, 2024, following Friday’s 0.48% decline, which saw London’s blue-chip index closed down almost 40 points a

Sam Boughedda
GSK’s RSV Vaccine Approved By FDA For High-Risk Adults in Expanded Age Range

GSK's (LON: GSK) RSV vaccine, Arexvy, has been approved by the FDA for use in adults aged 50-59 who are at increased risk of severe RSV outcomes, the company said late Friday.

GSK Office
Sam Boughedda
UK House Prices ‘Static’ in May, But Stability Should Instil Confidence – Halifax

Halifax said May 2024 house prices were "static," edging slightly lower from April. In its House Price Index, Halifax revealed average house prices were stable during the month, down just -0.1% to £288,688, from £288,862 the

Sam Boughedda
Bellway Shares (LON: BWY) Up Early As Firm Raises Average Selling Price Outlook

Bellway plc (LON: BWY) reported a positive trading update for the period from February 1 to June 2, 2024, indicating stronger demand and an improved outlook for the housebuilder. The Bellway share price has traded up on the g

Bellway Homes
Sam Boughedda