2024-04-25 08:09
The bidding war for Hipgnosis Songs Fund (LSE: SONG) intensified on Thursday as Apollo-backed Concord sweetened its cash offer to $1.25 per share, topping a previous $1.24 per share proposal… Read More
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Investomania Blog
investomania.co.uk
Investomania is a UK investment website that focuses on investor news and information on UK stocks and share prices. Its aim is to be insightful, interesting and informative, with a lack of investment jargon. As such, it may be of interest to long-term investors as well as traders seeking to stay up-to-date on the latest news and information affecting UK share prices.
2024-04-25 08:00
Anglo American (LSE: AAL) has become a takeover target for industry giant BHP Group in what could rank among the largest mining mergers in years, the British company disclosed Thursday.Confi… Read More
2024-04-25 07:50
Barclays (LSE: BARC) reported a pretax profit of £2.28 billion for the January-March period, down from £2.60 billion a year earlier. However, the results exceeded market consensu… Read More
2024-04-22 09:47
In a bid to survive its funding crisis, Thames Water has proposed a £1.1 billion spending boost and an additional potential £1.9 billion investment in its network over the next f… Read More
2024-04-22 08:23
Gold prices retreated in Asian trading on Monday as concerns over a broader military conflict in the Middle East eased, curbing safe-haven demand for the precious metal. Meanwhile, expectati… Read More
2024-04-22 08:11
The Turkish rapid grocery delivery firm Getir is making preparations to potentially cease operations in the UK market as early as next week, putting over 1,500 jobs on the chopping block, re… Read More
2024-04-21 09:58
Danske Bank, Denmark's largest lender, is forecasting the US dollar to extend its bullish trajectory against the euro over the next 12 months, despite the potential for short-term correction… Read More
2024-04-21 09:31
Britain's largest banks are poised to unveil lower profits for the beginning of the year, despite the Bank of England's interest rates hitting their highest level in over a decade.Lloyds, Ba… Read More
2024-04-21 08:52
Hipgnosis Songs Fund (LSE: SONG) has disclosed its openness to a cash bid from Blackstone Inc., should one be proposed. The announcement comes hot on the heels of a $1.40 billion bid by Alch… Read More
2024-04-20 07:26
Investor sentiment was battered this week as simmering tensions in the Middle East erupted into military conflict. Global markets were roiled after reports that Iran had launched an attack o… Read More
2024-04-19 09:22
Allegations of an Israeli attack on Iran sparked a rally in safe-haven currencies like the Swiss franc and Japanese yen amid heightened tensions between the two nations. The news caused a ri… Read More
2024-04-19 09:02
Rank Group (LSE: RNK), the UK and Spain-based casino operator, disclosed a £182.3 million net gaming revenue for the quarter ending March 31, a 6% uptick from the previous year. Notabl… Read More
2024-04-19 08:53
Shares in Nexus Infrastructure (LSE: NEXS) initially climbed over 6% on Friday morning following the announcement of a growing order book amid cautious market conditions.Nexus said it antici… Read More
2024-04-19 08:02
British retail sales hit a standstill in March despite recent inflation easing, marking the first time they've remained stagnant in monthly terms since December, according to the latest repo… Read More
2024-04-19 06:17
A US jury has found cryptocurrency trader Avraham Eisenberg guilty of fraud charges stemming from his manipulation of the Mango Markets decentralised exchange last October.The 28-year-old wa… Read More
2024-04-19 05:36
Escalating geopolitical risks in the Middle East have ignited a surge in gold prices, propelling the precious metal past the $2,400 per ounce mark on Friday. Multiple media reports emerged c… Read More
2024-04-18 17:13
It was another mixed day for London stocks on Thursday, with the FTSE 100 closing higher, despite the prospect of higher for longer US interest rates hanging over stocks, while initial joble… Read More
2024-04-18 12:02
Hipgnosis Songs Fund (LSE: SONG) shareholders saw their investment rise in value along with the announcement of a $1.4 billion cash acquisition by Concord Chorus Ltd (Concord) on Thursday. T… Read More
2024-04-18 08:12
easyJet (LSE: EZJ) shares climbed 3.4% on Thursday after the airline reported a positive outlook for the rest of its financial year and trimmed seasonal losses in the first half.The budget c… Read More
2024-04-18 08:06
National Grid (LSE: NG) shares climbed 2.7% on Thursday after the company raised its full-year earnings guidance, on the back of a recent accounting change.The FTSE 100 utility firm said the… Read More
2024-04-18 07:59
Dunelm (LSE: DNLM) shares fell 4.5% on Thursday after the homeware retailer reported third-quarter sales growth of 3% to £435 million but cautioned about tough market conditions.Despit… Read More
2024-04-18 07:48
Shares in Rentokil Initial (LSE: RTO) dropped 3.7% in early trading on Thursday, adding to a steeper 28% decline over the past year. This comes despite the pest control giant maintaining its… Read More
2024-04-18 06:34
Czech billionaire Daniel Kretinsky's attempt to acquire Royal Mail's parent company, International Distribution Services (LSE: IDS), has been rejected. However, his firm, EP Group, remains i… Read More
2024-04-18 06:06
Gold prices have entered a rangebound phase as investors closely monitor the unfolding tensions in the Middle East and the Federal Reserve's signals of keeping interest rates higher for long… Read More
2024-04-17 17:17
London markets delivered mixed results on Wednesday. The blue-chip FTSE 100 defied inflation and Federal Reserve worries, closing 0.4% higher at 7,847.99. This rise was driven by a surge in… Read More
2024-04-17 08:17
Oil and gas technology firm Hunting (LSE: HTG) announced its first-quarter results, which exceeded management's projections despite facing headwinds in the US onshore market. The company rep… Read More
2024-04-17 08:05
Entain (LSE: ENT) reported steady first-quarter figures on Wednesday, with growth in its overall net gaming revenue tempered by declines in its UK & Ireland operations and customer-frien… Read More
2024-04-17 07:51
Antofagasta (LSE: ANTO) reported an 11% year-on-year decline in copper production for the first quarter, citing lower ore grades and increased ore hardness at its Centinela mine in Chile. Th… Read More
2024-04-17 07:19
Despite posting a £16.3 million adjusted EBITDA loss for the 26 weeks to 3rd March, compared to a £4.6 million profit a year earlier, ASOS (LSE: ASC) shares climbed 8% in early W… Read More
2024-04-17 06:39
The UK's annual inflation rate edged down to 3.2% in March from 3.4% in February, according to the Office for National Statistics (ONS). While moderating, the figure exceeded expectations of… Read More
2024-04-17 06:31
The US dollar held steady on Wednesday after Federal Reserve officials reinforced expectations that interest rates will remain elevated for longer than previously anticipated by markets.In a… Read More
2024-04-17 06:11
Federal Reserve Chair Jerome Powell poured cold water on expectations for interest rate cuts this year, citing persistent high inflation. His comments at the Wilson Center on Tuesday weighed… Read More
2024-04-16 17:05
London stocks closed lower on Tuesday as investor sentiment soured due to rising geopolitical tensions and fading hopes for US interest rate cuts. The FTSE 100 fell 1.8%, the FTSE 250 droppe… Read More
2024-04-16 08:32
Dr Martens (LSE: DOCS) shares plummeted over 30% after the company issued another profit warning, this time for the year ending March 2025. The iconic bootmaker's market value now sits at ro… Read More
2024-04-16 08:25
British energy regulator Ofgem has slapped ScottishPower Energy Retail with a £1.5 million fine for mistakenly charging some direct debit customers a higher rate between 2015 and 2023… Read More
2024-04-16 08:10
Superdry (LSE: SDRY) shares plummeted over 22% in early trading on Tuesday as the embattled retailer unveiled a radical three-year turnaround strategy. The plan involves exiting the London S… Read More
2024-04-16 08:00
The tussle for UK packaging firm DS Smith (LSE: SMDS) took another turn on Tuesday as International Paper Co submitted its own takeover proposal. The all-share offer values the London-based… Read More
2024-04-16 07:51
B&M (LSE: BME) said it expects full-year adjusted profit to come in at the top end of its guidance range after the discount retailer reported a 10% rise in group revenue for the 53 weeks… Read More
2024-04-16 07:11
A major shareholder of John Wood Group (LSE: WG) is turning up the heat on the engineering consultancy to actively explore a potential sale. Sparta Capital Management, a top-ten investor, ha… Read More
2024-04-16 06:41
Superdry (LSE: SDRY) is poised to unleash a brutal restructuring that will see its landlords shouldering the burden. The company is expected to outline plans as early as Tuesday for a formal… Read More
2024-04-16 06:27
The US dollar has surged to a five-month high against its major counterparts, propelled by stronger-than-anticipated US retail sales data that has reignited speculation over the Federal Rese… Read More
2024-04-16 06:07
Gold prices have rallied towards near all-time highs as escalating Middle East tensions stoked safe-haven demand.Spot gold (XAU/USD) traded at $2,386.62 an ounce by 06:55 GMT on Tuesday, aft… Read More
2024-04-15 16:27
Escalating geopolitical risks in Middle East weighed on UK markets on Monday.The FTSE 100 index fell 0.4% to 7,965.53, as commodity prices declined, dragging down resource stocks. The FTSE 2… Read More
2024-04-15 11:51
Electric car giant Tesla is set to cut 15,000 jobs, or 10% of its global workforce, in a bid to reduce costs and improve productivity.The news comes after a challenging first quarter for the… Read More
2024-04-15 11:46
The Japanese Yen is teetering on the brink as the USD/JPY currency pair rockets towards a 34-year high, fueled by speculation of intervention from Japanese authorities and a record surge in… Read More
2024-04-15 11:13
Mitie Group (LSE: MTO) celebrated "record revenue and operating profit" on Monday, initiating a further share buyback program. The facilities management company's shares surged 7% by lunchti… Read More
2024-04-15 11:03
Audioboom Group (LSE: BOOM) reported a wider pre-tax loss for 2023 but expressed optimism for the year ahead.The podcast publisher's loss widened to $16.8 million from $429,000, with revenue… Read More
2024-04-15 07:59
Standard Chartered's (LSE: STAN) venture capital arm, SC Ventures, is investing in UK-based fintech company Algbra, reports Sky News.The multi-million dollar deal (at least $10 million) will… Read More
2024-04-15 07:51
Sirius Real Estate (LSE: SRE) anticipates robust annual results, driven by an 8.2% rent roll increase and a healthy acquisition pipeline. The firm remains confident about attractive buying o… Read More
2024-04-15 05:50
Gold traded firmly on Monday, nearing record highs as demand for safe-haven assets increased amid escalating tensions between Iran and Israel, though gains were capped by a strong U.S. dolla… Read More
2024-04-12 14:31
Gold prices have soared to record highs on Friday, as investors flock to safe-haven assets due to escalating tensions in the Middle East. Spot gold (XAU/USD) reached a new peak of $2,414.17… Read More
2024-04-12 10:26
Ferrero UK, the company behind iconic treats like Ferrero Rocher, Nutella, and Kinder Surprise, has achieved a sales surge, exceeding £500 million for the first time. This news comes f… Read More
2024-04-12 10:03
The FTSE 100 steamed ahead on Friday, fueled by a surge in mining stocks and positive UK economic data.The blue-chip index climbed 1% by 11:00 GMT, defying expectations of a slowdown.Leading… Read More
2024-04-12 09:41
Petrofac (LSE: PFC) shares plunged over 25% on Friday morning after the company revealed it was in discussions regarding a major debt restructuring. The talks could result in a significant p… Read More
2024-04-12 06:02
Sam Bankman-Fried, the former billionaire founder of collapsed cryptocurrency exchange FTX, has appealed his conviction and 25-year prison sentence for stealing $8 billion in customer funds… Read More
2024-04-12 05:55
Just like a ceiling shattering under pressure, the dollar/yen pair exploded past the key 152 level this week, fueled by scorching US inflation data. This decisive move signals a dramatic shi… Read More
2024-04-12 05:42
Gold prices surged to record highs on Friday, defying strong US economic data as geopolitical tensions and central bank buying fueled investor demand for the safe-haven asset.Spot gold (XAU/… Read More
2024-04-11 16:34
London's premier indices retreated on Thursday as fears over aggressive interest rate outlook by the Federal Reserve and escalating geopolitical risks soured investor appetite. The FTSE 100… Read More
2024-04-11 08:28
The US Securities and Exchange Commission (SEC) has notified Uniswap Labs, the developer behind a major cryptocurrency exchange, of potential enforcement action. The reason for the warning r… Read More
2024-04-11 08:17
AstraZeneca (LSE: AZN) announced a 7% increase in its annualised dividend for 2024, reflecting confidence in its financial performance and cash generation. The dividend will rise by 20 US ce… Read More
2024-04-11 08:11
Great Portland Estates (LSE: GPE) reported positive leasing figures and development progress, boosting the company's outlook despite a challenging market.While GPE shares remain down year-to… Read More
2024-04-11 07:53
Darktrace (LSE: DARK) shares surged over 8% on Thursday after the cybersecurity firm reported strong revenue growth and raised its full-year guidance.For the third quarter ended March 31, Da… Read More
2024-04-11 06:53
Ted Baker's American licensing partner, OSL, is the leading contender to acquire the fashion brand's struggling UK operations, which include dozens of stores, reports Sky News.This comes aft… Read More
2024-04-11 06:45
Asian stocks dipped on Thursday as hotter-than-expected U.S. inflation data forced investors to reassess their expectations for Federal Reserve interest rate cuts. The dollar surged, reachin… Read More
2024-04-11 06:04
Gold prices are stuck in a tug-of-war on Thursday, despite initial weakness following hotter-than-expected CPI data.The yellow metal, which recently hit record highs, dipped after Wednesday'… Read More
2024-04-10 16:59
London equities held firm on Wednesday, though gains were reined in by robust US inflation figures that potentially pushed back the Federal Reserve's first rate cut. The FTSE 100 index climb… Read More
2024-04-10 08:19
A British medical research company, e-therapeutics, is leaving London's AIM stock market due to a perceived lack of investor enthusiasm and is considering a switch to the US-based NASDAQ.The… Read More
2024-04-10 08:09
Shell's (LSE: SHEL) share price may be at an all-time high, but former CEO Ben van Beurden believes the company is "massively undervalued" on the London Stock Exchange (LSE).Speaking at a co… Read More
2024-04-10 07:53
THG (LSE: THG) narrowed its pre-tax losses for 2023 to £252.0 million, down from £549.7 million the year before, despite a fall in revenue. The e-commerce company remains optimis… Read More
2024-04-10 07:36
Tesco (LSE: TSCO) saw its shares rise 1% at the opening in London after the supermarket chain predicted a further increase in profits for the upcoming financial year. This positive outlook c… Read More
2024-04-10 07:15
Tharisa (LSE: THS) saw its share price dip over 2% at the London open despite reporting a solid second quarter with stable platinum group metal (PGM) prices.The miner said it "performed well… Read More
2024-04-10 06:02
The US dollar index held firm at 104.11 on Wednesday morning, consolidating its position ahead of the crucial release of March's Consumer Price Index (CPI) data. This data is highly anticipa… Read More
2024-04-10 05:32
Gold prices clung to near-record levels on Wednesday, buoyed by a combination of rising inflation fears and simmering geopolitical tensions.The precious metal hovered around $2,359.39 per ou… Read More
2024-04-09 16:46
UK stocks saw a muted session on Tuesday, as investors braced for the upcoming US inflation reading. The FTSE 100 index dipped 0.1% to 7,934.79, weighed down by defence stocks like BAE Syste… Read More
2024-04-09 08:21
Unite Group (LSE: UTG) shares fell slightly this morning despite the company reporting continued strong demand for student accommodation and expressing confidence in achieving rental growth… Read More
2024-04-09 08:08
Oil and gas giant BP (LSE: BP) saw its share price rise 1.8% this morning on the back of an upbeat production forecast for the first quarter of 2024.While BP expects increased oil and gas ou… Read More
2024-04-09 07:43
The Swiss National Bank (SNB) has ruled out issuing a central bank digital currency (CBDC) for everyday use by the public.SNB Chairman Thomas Jordan said current payment options offered by p… Read More
2024-04-09 07:07
Insurance firm Aviva (LSE: AV) confirmed the completion of its £453 million acquisition of AIG's UK life insurance business on Tuesday. This marks the largest takeover undertaken by CE… Read More
2024-04-09 06:12
British fashion brand Ted Baker faces a significant shakeup as administrators announce the closure of 15 stores across the UK, resulting in a workforce reduction of nearly 245 employees.This… Read More
2024-04-09 06:01
The Japanese Yen is feeling the heat as rising US Treasury yields continue to widen the interest rate gap between the two economies. The USD/JPY pair trades near a 34-year high at 151.88, wi… Read More
2024-04-09 05:48
Gold prices held steady near their record highs on Tuesday morning, as investors turned their attention to the upcoming release of the Federal Reserve's policy meeting minutes and inflation… Read More
2024-04-08 16:53
The FTSE 100 index advanced 0.4% to 7,943.47, while the FTSE 250 climbed 0.7% to 19,854.58, bolstered by gold's hot run. The precious metal scaled new heights on Monday, quoted at $2,330 an… Read More
2024-04-08 11:49
Microsoft has announced plans to open a new artificial intelligence (AI) hub in London, focused on developing and researching new AI products.The unit will be led by industry heavyweight Mus… Read More
2024-04-08 09:34
Animal healthcare giant grapples with unauthorised IT systems access.A major cyber incident has struck CVS Group (LSE: CVSG), one of the UK's largest veterinary companies, causing disruption… Read More
2024-04-08 09:21
Union Jack Oil (LSE: UJO), a UK and US-focused oil and gas firm, has expressed optimism about its West Bowlegs prospect in Oklahoma. The company holds a 45% stake in the project, where the A… Read More
2024-04-08 08:40
A prominent Currys (LSE: CURY) shareholder has urged the company to divest its ID Mobile division, according to a report in The Sunday Times. Investment firm JO Hambro, holding a 4.5% stake… Read More
2024-04-08 06:39
A federal jury in Manhattan has found Terraform Labs and its founder Do Kwon culpable of civil fraud, siding with the US Securities and Exchange Commission's allegations that they misled inv… Read More
2024-04-08 06:25
Gold prices surged to new levels on Monday, contrary to expectations of a dovish Fed. The precious metal reached a new all-time high of $2,354 per ounce during the Asian trading session.The… Read More
2024-04-05 16:40
London equity markets closed lower on Friday, as hotter than expected US jobs numbers fuelled apprehensions that the Federal Reserve might delay anticipated interest rate cuts this year. The… Read More
2024-04-05 08:01
Former Tottenham Hotspur owner Joe Lewis has been sentenced to three years' probation and a $5 million fine for orchestrating an insider trading scheme. Lewis, residing in the Bahamas, plead… Read More
2024-04-05 07:43
Shell (LSE: SHEL) has sounded the alarm on a looming profit slump in its integrated gas unit for the first quarter of 2024. The FTSE 100 behemoth anticipates adjusted earnings before tax and… Read More
2024-04-05 06:00
Google (NASDAQ: GOOG) is cracking down on cryptocurrency scams by suing two Chinese nationals who misused the company's app store to con victims out of money. The tech giant filed a lawsuit… Read More
2024-04-05 05:45
The U.S. dollar clawed back lost ground on Friday, with the Dollar Index (DXY) rising to 104.30 by 06:30 GMT as traders awaited the highly-anticipated March nonfarm payrolls report. Economis… Read More
2024-04-05 05:27
Gold prices retreated on Friday, snapping a seven-day winning streak as traders brace for pivotal US labour market data likely to influence the Federal Reserve's monetary policy outlook.The… Read More
2024-04-04 16:32
UK stocks climbed on Thursday as investors digested Fed comments and US jobs data. The blue-chip FTSE 100 index rose 0.5% to 7,975.89, with Entain surging 5% after naming Stella David as its… Read More
2024-04-04 09:08
A charter has been signed between the GMB trade union, delivery company Deliveroo (LSE: ROO), and rider representatives. The charter aims to foster positive relationships between Deliveroo's… Read More
2024-04-04 08:58
CAB Payments Holdings (LSE: CABP) has taken a significant stride in its growth strategy, with its Dutch arm securing a payment service provider licence from De Nederlandsche Bank. The compan… Read More
2024-04-04 08:38
After having a storming start to the week, the US dollar is in retreat while the Japanese yen is being squeezed against major currencies. The US dollar slipped on Thursday, hitting a one-wee… Read More
2024-04-04 08:10
Shares of Future (LSE: FUTR) surged over 14% on Thursday morning after the media company reported a return to organic revenue growth in the second quarter. The FTSE 250 firm said it was on c… Read More
2024-04-04 06:33
A leading shareholder is piling pressure on iconic British brand Dr Martens (LSE: DOCS) to weigh a potential sale, arguing the footwear company's market value has become disconnected from it… Read More
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