Margins on Comex silver futures raised to $16,500 per contract Just one day after reaching its highest price in eight years, silver plunged down by nearly 6% on Tuesday.  The precious metal’s rally came to a halt as The CME Group raised margins on Comex silver futures.  As of February 2, margins will rise from […]

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Mounting fears of a no-deal Brexit scenario have caused UK equity funds to shed more than $2bn in the past two months, as investors opt to put their money elsewhere amid doubts over a sustained FTSE recovery. Data from financial intelligence agency EPFR Global revealed that $2.4bn has been withdrawn from funds exposed to the […]

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Tech service provider to the promotional products industry, The Pebble Group (AIM:PEBB), watched its shares soar on Thursday as it published a performance update illustrating determined performance during the pandemic, and revealing that full-year results were on track to meet market expectations. Its Facilisgroup segment – an ecommerce platform for promo products businesses in North […]

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British Land shares (LON: BLND) were down on Wednesday after the group revealed a loss and a reduced dividend. For the half-year to September 30, the group posted a pretax loss of £757m, which widened from the £440m loss posted in the same period a year previously. Revenues at the group were also lower, falling […]

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Recruitment consultancy firm Nakama (AIM:NAK) saw its shares dip by as much as 28% at one point on Friday, as the company laid bare the bleak outlook for its trading and cash flow. The company, which operates across web, interactive, digital media, IT and business change sectors, fleshed out its earlier COVID-related announcement back in […]

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Burberry (LON: BRBY) has posted a 62% fall in pre-tax profits for the six months ending 26 September 2020. The luxury retailer revealed a 31% decline in revenue and adjusted operating profit down 75%. Sales were down 31% to £878m, whilst first-half pretax profits fell from £193m to £73m. The retailer noted that despite the […]

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The Works shares (LON: WRKS) have soared on Thursday morning after the group hailed strong post-lockdown trading. For the 19 weeks ended 25 October 2020, excluding the lockdown, like-for-like sales increased by 10.6%. Including the lockdown when all stores were closed, sales fell by 7%. “We have been encouraged by the performance during the period, […]

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Sainsbury’s (LON: SBRY) has announced plans to cut 3,500 jobs. The supermarket will closes meat, fish and deli counters as well as 420 standalone Argos stores. The news came as Sainsbury’s posted a pretax loss of £137m for the six months ended 19 September. This loss is down from a £9m profit a year earlier. […]

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FTSE-listed packaging company Smurfit Kappa (LON:SKG) watched its shares bounce to around 5% on Wednesday morning, on news of strong Q3 earnings that put it on track to hit its full-year target. Having posted EBITDA of €1.13 billion for the year-to-date, the company boasted an EBITDA margin of 17.8% and ‘particularly pleasing’ third quarter EBITDA […]

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UP Global Sourcing shares (LON: UPGS) fell over 10% on Tuesday as the group reported lower-than-expected full-year profits. The household brands group, which owns brands including Russell Hobbs, reported a 2.7% decline in pre-tax profits and a 6.1% fall in revenue to £115.7m. Online revenue grew from £11.4m to £16.7m, online revenue accounts for 14.5% […]

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AB InBev has reported a 4% increase in revenue, which is against analyst expectations of a 4% loss. The world’s largest brewer said on Thursday that it had experienced a jump in sales over the third quarter, however, profits had dipped. Costs of packaging, cans and bottles, as opposed to the cheaper costs of kegs […]

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In the latest trading update, BT (LON: BT.A) has reported a 20% fall in half-year profits. The telecoms giant revealed post-tax profits of £856m – falling from last year’s £1.07bn. Revenue at the group fell 8% to £10.6bn. Despite the fall in revenue and profits, BT has raised its full-year guidance to £7.3bn – £7.5bn. […]

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Ibstock (LON: IBST) shares are down on Wednesday after the group issued a trading update for the period to 30 September 2020. Group revenues for the period were 88% of those compared to the same period last year. Ibstock has seen a continuing recovery in demand, with trading conditions improving steadily across the third quarter. […]

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MobilityOne shares (LON: MBO) surged over 15% on Thursday morning after reporting a 51.9% increase in revenue. Pre-tax profit for the six months ending 30 June 2020, grew from £0.42m to £1.07m, contributed by strong growth in mobile phone prepaid airtime reload, bill payment business in Malaysia and an increase in e-payment transactions amid the […]

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Bellway has released its preliminary results for the year ended 31 July 2020. The housebuilder saw sales and profits down amid Covid-19 disruption, however, trading has picked up since restrictions eased. The number of housing completions fell by 30.9% from 10,892 to 7,522. The group posted a fall in pre-exceptional operating profit fell to £321.7m […]

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Loungers PLC shares (LON: LGRS) rose almost 8% on Friday’s opening bell after the group reported significant outperformance of the market. The owner of the Lounge and Cosy Club brands shared a trading update for the 24 weeks ending on 4 October 2020, revealing a 25% growth in like-for-like sales when cafes, bars, and restaurants […]

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Mind Gym shares (LON: MIND) plummeted 17% on Friday’s opening as the group was hit by Covid disruption. In the six months to 30 September 2020, the gym group a 40% fall in revenue compared to a year earlier. Mind Gym said in a trading update released today that it anticipates making an adjusted loss […]

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Distil shares (LON: DIS) surged 12% on Thursday morning as the group swung to a profit in the six months ending 30 September 2020. The owner of premium drinks brands including RedLeg Spiced Rum revealed a 128% increase in revenue from £824,000 to £1.9m. Pre-tax profit during that period grew from a £1,000 loss to […]

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Asos shares (LON: ASC) are trading 9% lower despite the 329% surge in pre-tax profits amid the pandemic. The online fashion retailer added a further 3.1 million customers, taking the total to 23.4 million. Sales as Asos surged to £3.3bn, increasing by 19% in the year to 31 August thanks to the demand for skincare […]

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Europa Oil & Gas shares (LON: EOG) fell after the group announced its final results for the 12 month period ended 31 July 2020. Revenue for the full-year fell from £1.7m in 2019 to £1.2m in the 12 months to the end of July 2020, whilst pre-tax loss widened from £0.9m to £1.2m. Chief executive, […]

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Eddie Stobart Logistics (LON: ESL) said on Monday that the group has returned to profitability, leading shares to jump over 12% on opening. The group’s holding company said that it has seen customers increase over the course of the pandemic as well as ended loss-making contracts. Revenues of £416.5m are broadly in line with the […]

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Hazardous waste and disposal company, Augean (AIM:AUG) saw its share price drop on Monday morning, following the publication of its results for a difficult half year of trading. The company stated that while all of its sites remained fully operational during the first half, Covid negatively impacted all its segments, with the exception of its […]

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FTSE 100 listed packaging and paper company Mondi plc (LON:MNDI) saw its shares tick higher on Thursday, even as its half-year fundamentals lagged behind the performance of the previous year. Likely already pricing in lower paper and pulp prices, as well as COVID challenges, today’s optimistic response to the company’s results is likely led by […]

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With March to May being a turbulent period for shareholders, June appeared to be the month where some semblance of usual service resumed. Though, while most companies began finding their feet again, most of their share prices were significantly below where they were at the start of the year, with a return to previous levels […]

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FTSE-listed engineering firm Smiths Group (LON:SMIN) saw its share price bounce on Tuesday, as the company booked robust trading during the COVID pandemic. For its continuing operations, Smiths Group said that underlying revenue for the ten months to 31 May 2020 was up 2% year-on-year. Meanwhile, reported year-to-date revenue jumped 6%, which included a 3% […]

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Plus500 Ltd (LON:PLUS) have given shareholders a confident update this morning, despite the ongoing market crash caused by the outbreak of COVID-19. The trading platform service provider said that it is expecting 2020 results to beat market expectations, and has seen higher volumes of trading across financial markets. Notably, PLUS500 continued to add saying that […]

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Business recovery, financial advisory and property services consultancy Begbies Traynor (LON:BEG), saw its shares rally during the Tuesday session, as it reported healthy performance during its third quarter, For the period ended 31 January, the company said it: “continued to trade well in the quarter with results showing strong growth in revenue and profit compared […]

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Online educational services provider Wey Education (LON:WEY) updated its shareholders on its current trading position, which it described as strong. It said both its InterHigh and Academy 21 offerings started the financial year with strong performance. It added InterHigh’s b2b sales had been ‘higher than anticipated’. Wey Education continued, saying that its turnover for the […]

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PLUS500 Ltd (LON:PLUS) have seen a drop in revenue and profit for 2019, however have remained confident in their 2020 expectations. The firm told the market that 2019 was a “year of two halves” and praised performance in the second half following the arrival of new trading opportunities. PLUS500 noted that pretax profit was $189.3 […]

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Burberry (LON: BRBY) have lifted their full year guidance following a strong period of festive trading. The firm said that it beat its full year revenue guidance following higher sales across the Christmas trading period. “This was another good quarter as new collections delivered strong growth and we continued to shift consumer perceptions of our […]

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Halfords (LON:HFD) have seen their shares surge on Thursday afternoon as the firm gave shareholders an impressive update. Halfords who work in the automobile and motoring sector reported an earnings rise in its third quoter which accounted for the festive trading period. Notably, the revenue earned from its Autocentres servicing unit grew over 30%. Retail […]

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Online investment platform provider AJ Bell PLC (LON: AJB) saw its share price dip on Thursday, despite posting impressive results for the year ended 30 September 2019. The Company’s profit before tax jumped 33% year-on-year to £37.7 million. This was led by a revenue bounce of 17%, up to £104.9 million, alongside a 17% rise […]

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