FTSE 100 consolidates recent gains, losses pile up for Royal Mail owner, Burberry warns, takeovers for Hotel Chocolat and City Pub

“The FTSE 100 was flat on Thursday, consolidating its recent gains as investors await the next big push in any particular direction,” says AJ Bell...

Thu, 16/11/2023 - 10:17


City Pubs agrees to Young’s takeover offer; Young’s profit rises

City Pub Group PLC on Thursday agreed to a cash and shares takeover offer from Young & Co’s Brewery PLC worth around £162 million, while...

Thu, 16/11/2023 - 10:11


Aviva confirms 2023 profit and dividend guidance amid ‘momentum’

Aviva PLC on Thursday reaffirmed its guidance for operating profit growth in 2023, as the slimmed down insurer reported ‘strong growth’ in the first nine...

Thu, 16/11/2023 - 10:05


SMALL-CAP WINNERS & LOSERS: Norcros to deliver on market expectations

The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Norcros PLC, up 2.7% at 159.5 pence, 12-month...

Thu, 16/11/2023 - 09:59


Qinetiq backs outlook despite hit from ‘short-term timing effects’

Qinetiq Group PLC on Thursday backed annual guidance, though it said its first-half cash conversion rate was weaker than expected.

Shares in the company traded...

Thu, 16/11/2023 - 09:54


TOP NEWS: Mars checks into Hotel Chocolat with £530 million offer

Hotel Chocolat Group PLC shares surged on Thursday, after it said it has agreed a takeover offer with US confectionery products manufacturer Mars Inc.

Hotel Chocolat’s...

Thu, 16/11/2023 - 09:47


LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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FTSE 100

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Goldman Sachs raises Smiths Group price target to 2,220 (2,180) pence - ’buy’

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UBS cuts...

Thu, 16/11/2023 - 09:40


IN BRIEF: Dr Martens promotes Apple director to chief brand officer

Dr Martens PLC - Northamptonshire, England-based boot manufacturer - Promotes Non-Executive Director Ije Nwokorie to newly-created role of chief brand officer, effective from February 1....

Thu, 16/11/2023 - 09:34


TOP NEWS: Smiths on track to meet annual guidance despite slow start

Smiths Group PLC on Thursday reported a slow-down in quarterly organic revenue growth, but said it was still on track to meet its full-year targets....

Thu, 16/11/2023 - 09:33


TOP NEWS: Royal Mail owner calls for ‘urgent’ reform as loss balloons

International Distributions Services PLC on Thursday reported a widened interim loss as revenue at UK letter deliverer Royal Mail declined and costs increased.

The company once...

Thu, 16/11/2023 - 09:31


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