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HSBC Holdings Share Price Plunged 7.97% on Mixed FY23 Results

The HSBC Holdings plc (LON: HSBA) share price plunged 7.97% after its Q4 and full-year 2023 financial results were released. The banking group focusing on Asia noted that its pre-tax profit rose 78% to $30.3 billion, fueled b

HSBC building
Simon Mugo
Glencore Share Price Dropped 6.22% on Downbeat FY ’23 Results

The Glencore PLC (LON: GLEN) share price dropped 6.22% after announcing its preliminary financial results for 2023. The company reported an Adjusted EBITDA of $17.1 billion, a 50% decrease from the previous year, mainly due t

glencore plc glen mining
Simon Mugo
BAE Systems’ Share Price Fell 2.5% Despite Upbeat 2023 Results

The BAE Systems plc (LON: BA) share price fell 2.49% after releasing its preliminary results for the year ended 31 December 2023. The defence contractor noted that it ended 2023 on a solid financial footing, having generated

Simon Mugo
Plus500 Share Price Fell 3.6% Despite Upbeat FY 2023 Earnings

The Plus500 Ltd (LON: PLUS) share price fell 3.6% after releasing its unaudited preliminary results for the year ended 31 December 2023. The company reported group revenue of $726.2 million, consisting of $674.3 million in tr

Plus500 office
Simon Mugo
Antofagasta Share Price Edged Up 1.68% on Its FY 2023 Earnings

The Antofagasta plc (LON: ANTO) share price edged up 1.68% after releasing its full-year 2023 results. The company's annual revenue reached $6,325 million, an 8% increase from the previous year, thanks to higher sales and pri

Antofagasta mining operations
Simon Mugo
Intercontinental Hotels (IHG) Shares Rose 2.9% on FY ’23 Results

The Intercontinental Hotels Group (LON: IHG) share price rose 2.90% after releasing the final results of its 2023 financial year, which ended on 31 December 2023. The company reported that year-over-year (YoY) global revenue

IHG hotel
Simon Mugo
Barclays Share Price Rallied 6.5% on New Divisions, FY23 Results

The Barclays PLC (LON: BARC) share price rallied 6.48% after announcing its annual results for the year ended 31 December 2023. The British international banking group also announced a revamped organisational structure, inclu

Barclays branch
Simon Mugo
UK House Prices Surged in February on Lower Mortgage Rates

According to recent industry figures, February witnessed a resurgence in house prices amid a backdrop of declining mortgage rates. The latest data from Rightmove's house price index reveals that the average price for new sell

Rightmove logo
Simon Mugo
AstraZeneca’s Share Price Rose 3.89% on FDA’s Double Approval

The AstraZeneca plc (LON: AZN) share price rose 3.89% after the US Food and Drug Administration (FDA) officially accepted the Biologics License Application (BLA) submitted by AstraZeneca and Daiichi Sankyo for the innovative

AstraZeneca Office
Simon Mugo
Moneysupermarket Share Price Fell 2.45% on FY23 Annual Report

The Moneysupermarket.Com Group PLC (LON: MONY) share price fell 2.45% after unveiling its annual report for the year concluding on December 31, 2023, showcasing significant strategic and financial achievements.

Moneysupermarket office
Simon Mugo
Currys’ Share Price Soared 38.1% on Potential Offer From JD.com

The Currys PLC (LON: CURY) share price soared 38.1% after JD.com, a Chinese online retail giant, announced its consideration of acquiring the UK electronics retailer. JD.com’s announcement comes after Currys rejected a £700 m

Currys store
Simon Mugo
XP Power Share Price Plunged 40.6% on Its First Outlook for FY24

The XP Power Ltd (LON: XPP) share price plunged 40.6% after providing its first outlook for the current fiscal year ending on 31 December 2024. The company's Board anticipates a revenue shortfall for the upcoming year, positi

XP Power ltd logo
Simon Mugo
UK Retail Sales Surge Higher in January, Signalling Recession End

In January, UK retail sales experienced their most significant surge in nearly three years, signalling a robust rebound in consumer spending. This resurgence hints at the potential for a swift economic recovery from the reces

UK retail sales
Simon Mugo
Segro Share Price Edged Up 3.68% on Its Upbeat FY 2023 Results

The SEGRO plc (LON: SGRO) share price edged up 3.68% after releasing its financial results for the year ended 31 December 2023. The prominent property company specialising in warehouses and industrial properties presented an

Segro retail park with data centre
Simon Mugo
Natwest Group (NWG) Shares Rose 4.9% on Its Final FY23 Results

The Natwest Group PLC (LON: NWG) share price rose 4.89% after releasing its final results for the year ended 31 December 2023. The company reported a remarkable net profit of £4.4 billion for the year, with a return on tangib

Natwest branch
Simon Mugo
Relx Share Price Spiked Up 3% but Later Fell on FY 2023 Results

The Relx PLC (LON: REL) share price spiked up 3% after announcing its results for the year to 31 December 2023. The company reported that its revenues reached £9,161 million, up from £8,553 million, marking an 8% organic grow

Relx Group sign
Simon Mugo
British Gas Owner Centrica Shares Rally 7.25% on FY ’23 Results

The British Gas owner Centrica PLC (LON: CNA) share price rallied 7.25% after announcing its interim results for the year ended 31 December 2023. The company reported that its adjusted operating profit (AOP) stood at £2.8 bil

Simon Mugo
Wizz Air, EasyJet, and Ryanair Shares Rally on Deutsche Upgrades

Stocks in prominent airlines Ryanair Holdings PLC, easyJet PLC, and Wizz Air Holdings PLC witnessed an uptick on Wednesday morning, buoyed by a series of optimistic revisions from Deutsche Bank, a leading financial institutio

Wizz Air plane
Simon Mugo
Virgin Money’s Shares Rose 1.56% After Acquiring Abrdn’s Stake

The Virgin Money UK PLC (LON: VMUK) share price rose 1.56% after announcing that it had finalised a deal to acquire Abrdn's share in its investment service for £20 million, marking a significant step less than a year since th

Simon Mugo
Severn Trent Share Price Spiked 2% on Latest Operations Update

The Severn Trent Plc (LON: SVT) share price spiked 2% after releasing its operational update for its trading activities up to February 13, 2024, showcasing continued excellence in operational and environmental achievements.

Severn Trent logo
Simon Mugo
Vistry Group Share Price Edged Up 2.9% on the Sigma Partnership

The Vistry Group PLC (LON: VTY) share price edged up 2.9% after announcing that its subsidiary Countryside Partnerships, recognised as a top developer of mixed-tenure homes in the UK, has established a new Framework Agreement

Vistry group
Simon Mugo
Dunelm’s Share Price Fell 2.37% on Its Mixed Half-Year Results

The Dunelm Group plc (LON: DNLM) share price fell 2.37% after disclosing its half-year results for the 26 weeks ended 30 December 2023. The premier homewares retailer in the UK revealed that it recorded a robust sales increas

Dunelm store
Simon Mugo
United Utilities (UU) Share Price Rose 1.71% on Its Latest Update

The United Utilities Group PLC (LON: UU) share price rose 1.71% after releasing its latest trading update. The company has maintained a robust operational performance following its interim results announcement, with its finan

Simon Mugo