Shares Card Factory are down over 7%, at the tail end of the , after reporting negative H1 like-for-like sales growth (-0.2% YoY; excludes new stores) blamed on bad weather and a still cautious consumer. Even if this suggests an improvement to merely flat growth in Q2 vs -0.4% in Q1 (at the time attributed…
Shares in Hargreaves Lansdown are down 3.4% in early trading after the retail investment platform disappointed investors with a mixed bag of FY results. Net revenues +16% YoY to £447.5m were at the top end of analyst expectations, pre-tax profit grew 10%, while the dividend increased 38%. For trading platforms like Hargreaves Lansdown, however, it’s…
Shares in flexible workspace provider IWG are down an understandable 21% this morning after it called off takeover discussions with a trio of rival private equity suitors (Starwood, Terra Firma, TDR), saying none can offer a deal recommendable to the board. Understandable because it’s almost the mirror image of the 22.8% jump on 14 May…
After a ten-year £45bn bailout-enforced hiatus, Royal Bank of Scotland (RBS) has finally reinstated a dividend. This signals confidence in future profitability, suggesting that massive restructuring, to shrink what was once, briefly, the biggest bank in the world, is almost complete and that long-running troublesome US litigation is water under the bridge. It’s even talking…
UK 100 index is flat as a washboard year-to-date and is disappointing bullish traders ever since hitting a 7903 record high in late May. I’ve been looking at a few interesting stocks that followed the UK Index down the drain in the Summer. Could a rebound be on the cards? One interesting name that has…
Thursday, 2 August Reuters “Trouble with Trent 1000 series engines that power Boeing’s Dreamliners continued to be a yoke around the engine maker’s neck, but with the cash costs of the resulting engine maintenance issues in-line with previous guidance, traders are happy to look to the future rather than dwell on the past,” said Artjom…