Despite posting a pre-tax loss of £232 million, Virgin Money’s share price has jumped 22 per cent. The banking group blamed PPI pay-outs and the costs associated with its merger with Clydesdale and Yorkshire Bank group for the loss, and its share price hasn’t suffered now standing at 176.3p at the time of writing. Virgin…
Bank note printer, De La Rue, has seen its share price plummet this week after its half year results showed it could be seriously short of money. The bank note printer’s market cap has shrunk by around 80% in the past two years, and the latest figures show this is now exceeded by its £171…
Aviation services group, John Menzies, could be soaring again soon as its share price reversed its downward trend following a turbulent few months. John Menzies, which provides refuelling, cleaning and cargo handling to airlines pushed up its profit forecast this week and its shares rose almost six per cent to 435p at the time of…
Budget airline EasyJet is hoping to capitalise on Thomas Cook’s demise by relaunching its package holiday arm. The news came on the back of the airline’s latest trading statement, where it reported a fall in pre-tax profit to the end of September, down from £578m the previous year to £427m. Share prices were still up…
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,…