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…
Well, I got caught out on Clear Leisure (LON:CLP). Somehow, I had got it into my head that there wouldn’t be yet another placing. So, I merrily went on tucking them away. So, you can understand my disappointment on learning of another placing – 63 million at 0.95p. I understand that this stock has gone…
US-based resource specialist Magnolia Petroleum (LON:MAGP) saw its shares collapse by 77.20% to 0.52p after it announced it would be de-listing from AIM. The firm’s management said that it was finding it increasingly difficult to raise money on the market despite the recovery of oil prices. Get the latest from Master Investor directly in your…
UK Consumer Price Inflation fell to 2.4% in April, it’s lowest level in over a year. The largest source of downward pressure came from air fares, as the Easter season was not included in April this year, while rises in motor fuel, recreation, and culture costs partially offset the fall. Get the latest from Master…
Life as a retailer operating in the UK has been challenging in recent years. Consumer confidence has been negative since the start of 2016, with higher inflation causing household disposable incomes to decline in real terms. Shoppers have become increasingly price conscious, and this has created a growth opportunity for budget retailers. Alongside this, consumers…
Soft drinks manufacturer Britvic (LON:BVIC) saw revenues for the 28 weeks ended 15th April climb by 4.5% to £733.2 million, with strong growth through the second quarter despite rough weather in Britain, Ireland, and France. Get the latest from Master Investor directly in your inbox – Sign-up HERE for FREE Margins improved by 50 basis…
Supermarket chain Marks & Spencer (LON:MKS) has reported that pre-tax profits for the year ended 31st March fell by 62.1% to £66.8 million, largely due to costs related to the group’s transformation plan and store closures. When those costs are excluded, profits before tax were down by 5.4% because of weaker margins within the food…
Retailer Topps Tiles (LON:TPT) suffered a sharp downturn during the second quarter, but said that trading had improved somewhat in recent weeks. Like-for-like sales rose by 0.6% over the six months ended 31st March but this was split between a 3.4% increase in the first three months and a 2.2% drop in the second quarter…
