Many a trader/investor likes to focus on a few names in terms of shares. Sometimes a little too much. It’s never a bad thing to know a bit about the companies we trade. However, shunning the rest of the UK 100 can mean depriving yourself of a plethora of opportunities in other blue-chips which are…
Shares in satellite services operator Inmarsat are 4-5% offside this morning after management capitulated, doing the last thing you want to when trying to keep investors from jumping ship – slash the dividend – in an effort to preserve cash to help the business bounce back from a tough period by being able to invest…
Just days after the departure of their CFO, Paddy Power Betfair shares are sharply lower this morning as FY results, and more importantly guidance, disappoint shareholders. The betting chain noted that while both revenues and EBITDA grew by 13% and 18%, respectively, above expectations, a string of unfavourable sporting results for punters dented customer activity…
Countrywide shares plumbed fresh record lows this morning after the UK estate agent issued its second profits warning in barely six weeks and investors had to wave goodbye to the dividend. Not that the City had been pencilling in much in the way of income. Not after an already tough 2017, made tougher by a…
Mondi (MNDI) topped the UK Index on Friday, enticing investors with a bumper special dividend to prove management’s confidence that a troubled second half of 2017 was water under the bridge, boosting its yield to overtake recently shunned bond-proxies hurt by rising Treasuries. Today it’s the turn of Smurfit Kappa (SKG) – Europe’s largest producer…
The musical chairs continue at Paddy Power Betfair this morning, with CFO Alex Gersh set to leave his role after six years for personal reasons. The betting chain has seen a significant period of transition in the upper echelons of the business, with a long list non-executive directors as well as the head of marketing…