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GSK Shares (GSK.L) Drop, Weighing On UK Index

Pharmaceutical major GSK's share price (LON:GSK) plummeted nearly 9% in morning trading following a crucial ruling by a U.S. judge that may pave the way for litigation

Stock Exchange
Asktraders News Team
The FTSE 100 Rallies Monday – Here’s What to Look Out For This Week

The FTSE 100 has started the week very strongly, climbing 0.96% to 8,354.45 in early Monday trading on June 3, 2024, following Friday’s 0.54% rise, which saw London’s blue-chip index closed up 44.33 points at 8275.38 on Frida

markets-ftse100
Sam Boughedda
Shein to File London IPO Prospectus According to Sky News

Online fashion giant Shein is nearing a potential London Stock Exchange listing, according to Sky News.

Stock Exchange
Sam Boughedda
FTSE 100 Ends The Week A Strong Note But Outperformed By the 250 Index

London stocks regained some of the lost ground over the week on Friday, with the FTSE 100 ending up 0.54%. Despite the increase in the benchmark

markets-ftse100
Asktraders News Team
BATS Shares (LON:BATS) Get Reprieve as Anti-Smoking Bill Postponed

British American Tobacco shares (LON: BATS) have added 1.42% today, as a temporary reprieve surrounding the proposed anti-smoking bill is in play. [stock_market_widget type="t

British American Tobacco office
Asktraders News Team
UK Government Sells NatWest Shares (NWG.L) Back To The Bank, Raises £1.24B

Natwest shares (LON:NWG) are relatively unmoved today despite another big offloading of shares by the the UK government. As one of the best performing

Asktraders News Team
Burberry Shares Down 51% Over the Last Year: Here’s Why

Iconic British luxury brand Burberry has seen its share price plummet a significant 51% in the last year. This decline comes amidst a challenging backdrop for UK luxury brands.

Burberry store
Sam Boughedda
Frasers Group Ups Stake in Hugo Boss

Frasers Group (LON: FRAS) said Friday that it has increased its stake in fashion giant Hugo Boss. In Ja

Sam Boughedda
JD Sports Earnings: Revenue Climbs Despite ‘Challenging Market’

JD Sports Fashion (LON: JD.) reported its unaudited FY24 results on Friday. The company's revenue increased by 2.7% for the 53 weeks ending February 3, 2024, reaching £10.54 billion.

Sam Boughedda
Diageo Shares (DGE.L) Hit New 52-Week Low, But Why The Drop In Sentiment?

Diageo plc (LON:DGE), a global leader in alcoholic beverages, experienced a notable downturn in its stock performance, as the price plunged to a 52-week low of GBX 2,563 during Thursday's trading session before rallying to cl

smirnoff vodka bottles
Asktraders News Team
Potential Shein IPO Under Scrutiny From British Lawmakers Over ESG

Concerns have been raised by the chairs of three UK parliamentary committees regarding Shein's anticipated initial public offering (IPO) in

Shein UK
Asktraders News Team
Marks & Spencer Appoints New CFO

Marks & Spencer Group (LON: MKS) announced the appointment of Alison Dolan as its new Chief Financial Officer (CFO) late in the day on Wednesday.

marks and spencer
Sam Boughedda
Auto Trader Revenue Rises, Anticipates Another Year of Strong Progress

On Thursday, Auto Trader Group (LON: AUTO), the leading UK car marketplace, announced a 14% increase in group revenue to £570.9 million for the fiscal year ending March 31, 2024.

Auto Trader office
Sam Boughedda
Dr. Martens Revenue, Profit Tumbles on Continued Weak USA Demand

Dr. Martens (LON: DOCS) reported a significant decline in revenue and profit for the fiscal year ending March 31, 2024, primarily driven by weak consumer demand in the USA.

Dr Martens boots
Sam Boughedda
Ocado Shares Surge But Stock Set to Drop Out of FTSE 100

Ocado (LON: OCDO) shares jumped more than 9% Tuesday, adding to its more than 6% gain on Friday, but after six years, the company is set to drop out of the FTSE 100.

Sam Boughedda
BHP Seeks Further Extension of Deadline For Anglo American Offer

On Wednesday, BHP Group (NYSE: BHP) said it was seeking an additional extension to the deadline for its potential Anglo American (LON: AAL) takeover offer. The original deadline was set for May 29, 2024.

bhp group bhp mines
Sam Boughedda
Royal Mail Owner IDS Agrees to £3.6bn Takeover Deal

Royal Mail's parent company, International Distributions Services (LON: IDS), announced Wednesday that it has agreed to a £3.57 billion takeover offer by Czech billionaire Daniel Kretinsky's investment company EP Group.

Royal Mail delivery
Sam Boughedda
Shell Faces Shareholder Split on Climate Plan

With holders of Shell stock (LON: SHEL) having seen growth of more than 21% over the past 12 months, you might expect complete alignment between the board and sh

Shell
Asktraders News Team
FTSE 100 Faces Downward Pressure After Extended Weekend

The FTSE 100 index, a benchmark for the UK's largest publicly traded companies, has slipped below the 8300 threshold, a leve

uk stock market person holding union jack
Asktraders News Team
Barclays Share Price (LON: BARC) Hits New 52-Week High

Barclays shares (LON:BARC) achieved a significant milestone during Tuesday's trading session by reaching a new 52-week high. The British multinational bank’s

Barclays
Asktraders News Team
Revolution Bars Rejects Nightcap Proposal, Says its ‘Incapable of Being Delivered’

Revolution Bars Group (LON: RBG) rejected a takeover proposal from competitor Nightcap on Tuesday, calling it "incapable of being delivered." 

Sam Boughedda
Pets at Home Earnings: Here’s What to Expect

Pets at Home (LON: PETS) is set to report its preliminary full-year 2024 results on Tuesday, May 29, and with the stock down over 14% this year, investors will be hoping for positive news to boost the share price.

Pets at Home store
Sam Boughedda
LON: ABDN – Abrdn CEO Steps Down, Share Price Follows

A significant leadership change at Abrdn was announced today, as the stock price (LON: ABDN) dips 0.96%, compounding losses seen over the past 12 months. Stephen Bird, the chief executive of the investment company, made the d

ABRDN-logo
Asktraders News Team