Hays will make £100m payment to shareholders in August The FTSE 250 recruiter Hays (LON:HAS) is reinstating dividend payouts as more people are being hired for new jobs. Alistair Cox, chief executive at Hayes, said: “Finally, with recovery in fees and our profits accelerating in Q2, this provides us with confidence to resume paying core […]

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97% of Ashmore Group’s assets under management outperform benchmark Ashmore Group’s pre-tax profits for the second half of 2020 rose by 14% to £150.6m. The result was driven by a strong “investment performance”, with 97% of Ashmore Group’s assets under management (AuM) outperforming benchmark indices over the six month period.   Net revenue fell to £150.67m […]

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Micro Focus one year through three-year turnaround plan Micro Focus, the FTSE 250 listed IT company, has resumed its dividend payment following “solid progress” towards its three-year turnaround plan. The company reported a fall in earnings of $1.2bn for the year ending in October 2020, which was towards the upper end of expectations. This figure […]

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Capping off an altogether mixed week, FTSE indexes finished Friday with a slump, having decided to go into the weekend with the prospect of a No-Deal Brexit as the main takeaway. Down by 0.80%, the FTSE 100 reversed its mid-week gains and finished at 6,546 points, just shy of where it began on Monday. Meanwhile, […]

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Pets at Home (LON: PETS) has reported a total group revenue growth of 5.1% to £574.4m in the six months to October. Thanks to an “exceptional period of demand”, the group revealed a 4.2% jump in sales compared to the same period a year earlier. The FTSE 250 firm said in a trading update that […]

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With something of a mood change from Monday’s drop, the FTSE escaped the fates of its Eurozone counterparts, and enjoyed modest gains as trading came to a close. Starting the day off with a fall of 0.3%, to 5,867 points, the FTSE has since recovered, up 0.26% to 5,900 in the afternoon. Meanwhile, having fallen […]

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The FTSE 100 rose 0.5% on Friday’s opening, despite the new figures showing GDP to rise at a slower rate than expected. Instead, investors focused on the idea of more stimulus in the US after Donald Trump initially cancelled talks on Tuesday. The blue-chip index rose to 6,009 points, whilst the FTSE 250 increased by […]

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FTSE 250 listed Weir Group (LON:WEIR) posted the largest gains of any British large-cap on Monday morning, on the news that it had successfully completed the sale of its oil and gas arm, to Caterpillar Inc (NYSE:CAT). The sale took place for an agreed £314 million, and comes as part of Weir Group’s broader strategic […]

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FTSE 250 listed specialist insurance firm Beazley (LON:BEZ) booked an almost 11% fall in its share price on Tuesday, as it announced it would have to revise its original Covid insurance claims cost estimate, to double its previous prediction. In April, the company estimated that that the cost of Covid claims for its first party […]

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Dunelm (LON:DNLM) shares have spiked on Wednesday morning, following a strong set of interim results published by the British firm. The homeware and furniture retailer said that they had seen a strong six month period of trading, which led to the delivery of strong results today. Dunelm mentioned that in the six month period which […]

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IWG Plc (LON:IWG) – formerly Regis – has seen its share price fall sharply in morning trading as the company pulls out of takeover discussions with private equity groups, the company were unable to agree on a price with potential suitors. The FTSE 250 listed firm is the brainchild of entrepreneur Mark Dixon, and provides […]

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John Laing Infrastructure Fund (LON:JLIF) – a subsidiary of John Laing Group plc (LON:JLG) – has seen its share price spike as they announce talks of a potential buy-out. The 170 year-old company grew from its roots in construction and in 2010 began investment in infrastructure such as railways and motorways, with widespread investment in […]

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Capita plc (LON:CPI) has seen its share price rally after turning round a year of loss, with the announcement of a long-term contract and the sale of its subsidiary, Park Eye. The UK outsourcing firm confirmed today that it had secured a six year contract with the Department of Education; to print, distribute and collate […]

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UDG Healthcare (LON:UDG) has acquired two New York based businesses – Create NYC and SmartAnalyst – for a combined total of $82.4 billion. The purchase of the companies was funded via ‘existing cash and debt faciilities’, with the move expected to increase UDG’s earnings per share. Prior to the buy-out, Create NYC was a creative […]

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Playtech plc (LON:PTEC) have seen their share price fall sharply after a profit warning due to intense competition and under-performance in Asian markets. After rallies following the sale of their stakes in Ladbrokes and GVC, and their takeover of Snaitech, today Playtech shares slid to 540.8p, down 28.2 percent. The company have had to adjust […]

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Electrocomponents posted a 76 percent rise in first-half pre-tax profit on Friday, following a raise in cost-saving targets. The UK-based electronics distributor announced that it has raised its cost-savings targets to £18 million pounds ($22.3 million) for the year ending March 2017, up from initial projections of £15 million pounds. In addition, the company said […]

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