Master Investor

Bodycote raises forecasts after strong start

Bodycote raises forecasts after strong start

0 mins. to read

FTSE 250 heat treatment outfit Bodycote (LON:BOY) has upped its full year forecasts today after revenues for the four months ended 30th April climbed 7% to £243 million driven by a strong performance in the energy and automotive sectors. There was also an encouraging improvement in profit margins. Management said that, notwithstanding the group’s restricted…

Stobart’s broker resigns as board strife continues

Stobart’s broker resigns as board strife continues

0 mins. to read

Shares in infrastructure and support services provider Stobart Group (LON:STOB) have slid further today after Cenkos resigned as the group’s broker due to the current conflict within the company’s board. Get the latest from Master Investor directly in your inbox – Sign-up HERE for FREE Former CEO and current executive director Andrew Tinkler has announced…

Why the best forex trading strategies involve no spread brokers

Why the best forex trading strategies involve no spread brokers

2 mins. to read

Are you fascinated by the movement of currencies across the world and want to turn that interest into some serious profit? If so, forex trading could be the perfect business opportunity. Trading currencies against each other can be a great way to make quick returns, but it’s a risky sector to operate in. Currency values…

Smiths share price up on medical speculation

Smiths share price up on medical speculation

0 mins. to read

Engineering specialist Smiths Group (LON:SMIN) has this morning confirmed speculation that it is in early talks with ICU Medical regarding a possible merger with the FTSE 100 group’s healthcare division. Management reiterated that there is no certainty that a deal will take place, but that they are reviewing all options in order to maximise value…

Vedanta shares drop after government orders plant to be closed

Vedanta shares drop after government orders plant to be closed

0 mins. to read

Miner Vedanta Resources (LON:VED) has been ordered by the Government of Tamil Nadu to seal and permanently close its Tuticorin copper smelter. The government has also withdrawn the allocation of 342 acres of land for the extension of the facility. The company has struggled over the last month after local protests against the expansion turned…

Dixons Carphone drops on profit warning
Jevanto Productions / Shutterstock.com

Dixons Carphone drops on profit warning

0 mins. to read

Electronics retailer Dixons Carphone (LON:DC.) has said that it will close more than 90 stores today, following a profit warning for the 2018/19 financial year. The company said that margins were likely to be squeezed due to low inflation limiting the growth of network commission payments and increased costs due to rising wages. Profits before…

Spectris grows despite Forex pressure

Spectris grows despite Forex pressure

0 mins. to read

Instruments and controls manufacturer Spectris (LON:SXS) said that like-for-like sales were up by 6% for the four months ended 30th April, but the negative impact of foreign currency movements meant that revenues only rose by 2% in reported terms. The improvement in sales was driven by strong performances in China, and the pharmaceutical and automotive industries.…

Pennon cleans up with improved sales and profits

Pennon cleans up with improved sales and profits

0 mins. to read

Water and waste management specialist Pennon (LON:PNN) saw its shares rise by 5.29% to 768p as pre-tax profits climbed 3.5% to £258.8 million for the year ended 31st March. Revenues edged up by 2.9% to £1.39 billion on the back of increased tariffs and higher demand at South West Water. Get the latest from Master…

UK Retail sales post middling April recovery

UK Retail sales post middling April recovery

0 mins. to read

There was positive news for the retail sector, as sales rose by a better than expected 1.6% relative to March. However, the most recent three months’ sales were only up by 0.1% on the prior period, as underlying trends remained sluggish. Get the latest from Master Investor directly in your inbox – Sign-up HERE for…

Plus500 looks to move to main market
pcruciatti / Shutterstock.com

Plus500 looks to move to main market

0 mins. to read

Digital trading platform Plus500 (LON:PLUS) has announced that it intends to move its listing from AIM to the main market of the London Stock Exchange. The company said that it believes this move will provide a more appropriate platform for continued growth and benefit shareholders by introducing more stringent corporate governance requirements. Get the latest…