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…
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…
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 The government has also withdrawn the allocation of 342 acres of land for the extension of the facility.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…
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…
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.…
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…
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…
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…
Revenues at FTSE 100 quality assurance specialist Intertek (LON:ITRK) dropped by 2.5% for the four months to 30th April. The group made solid progress in real terms but were severely hampered by changes to foreign exchange rates. The majority of the underlying improvement came from organic growth in the products division, with the other business…
B&Q and Screwfix owner Kingfisher (LON:KGF) saw like-for-like sales decline by 4.0% in constant currency terms over the quarter ended 30th April. Management attributed three quarters of the decline in sales to bad weather conditions which impacted footfall, sales of weather-related products, and caused temporary store closures in the UK. Get the latest from Master…
