DIY group, Kingfisher looks like it needs some serious fixing as it became one of the UK 100 ’s biggest faller’s this week. Kingfisher, which owns DIY superstores B & Q and Screwfix saw its share price plummet seven per cent to 197.50p at the time of writing. Its new CEO, Thierry Garnier, was forced…
Accounting heavyweight, Sage, saw its share price fall by 4.6 per cent after desultory results that showed a nine per cent decrease in year-on-year profit before tax. The results have sparked a flurry of downgrades from analysts as the tech firm reported that its operating profit margin shrank 3.4 per cent to 19.7 per cent,…
The UK 100 has had a topsy-turvy week featuring lots of choppy price action. The UK 100 index started the week on a bullish note, then dropped steeply by midweek. The dip in midweek was as a result of the dampening of the market mood from negative news surrounding the US-China trade situation, as well…
The week kicked off with the announcement by pro-Brexit UK politician Nigel Farage that his party would not be standing against Conservative candidates in the upcoming elections. He however reiterated on Wednesday that his party would battle for every Labour Party seat. The announcement unsettled the markets a little bit, but did not have a…
Is Fevertree losing its fizz as its share price tumbles further? The premium drinks manufacturer seems to have fallen out of favour of late – its shares have tumbled 37 per cent in the past year, now standing at 1770p at the time of writing. So, can Fevertree bounce back and refresh its investors or…
Shares in National Grid sparked a recovery this week, with a 1 per cent boost after better than expected half year results. The UK’s power transmission operator reported a pre-tax profit for the half year to the end of September of £785m, which was an improvement on expectations. First half underlying operating profits for the…