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,…
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…