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Profit warning sees Bunzl shares suffer worst one-day fall in a decade
Thursday 24 Apr 2025Shares in global distribution and outsourcing group Bunzl (BNZL) suffered their worst daily fall in a decade after the firm uncharacteristically cut its earnings guidance and suspended its share buyback. The FTSE 100 firm saw its stock price plummet more than 25% to £22.90 on 16 April as it blamed...
Science in Sport rally fuelled by growth return and takeover interest
Thursday 24 Apr 2025Science in Sport’s (SIS:AIM) stock has more than doubled to 32.5p over the past year amid positive turnaround progress under a new leadership team. But the most recent share price spike was triggered by news of a recommended bid from private equity firm bd-capital, whose investments include gut...
Positive momentum at GSK is expected to continue in Q1
Thursday 24 Apr 2025Pharmaceutical outfit GSK (GSK) delivered a string of positive trading updates in 2024 and ended the year raising sales guidance for 2025 and nudging up its 2031 sales target to more than £40 billion as well as announcing a £2 billion share buyback, its first in over a decade. At the full year...
Trump’s attack on Federal Reserve chair Jerome Powell prompts fresh US losses
Thursday 24 Apr 2025Wall Street took a turn for the worse over Easter as US president Donald Trump attacked US Fed chair Jerome Powell for not lowering interest rates. Trump’s tirade against Powell was not just restricted to Easter, he previously called publicly on social media for Powell to be fired saying ‘Powell’s...
Growth shows Netflix is on track for ambitious 2030 targets
Thursday 24 Apr 2025Executives at Netflix (NFLX:NASDAQ) have set an internal target for the streaming giant to achieve a $1 trillion market valuation by 2030, according to reports. And analysts are rapidly buying into the firm’s ambitions after the company’s strong annual revenue outlook alongside earnings on 17 April...
Housing services provider Mears hits five-year high on ’beat-and-raise’
Thursday 17 Apr 2025Shares in Gloucester-based social housing and care provider Mears (MER) surged 10% to a new five-year high last week after the firm posted strong full-year 2024 earnings and raised its 2025 outlook. Revenue at the FTSE 250 group increased to £1.13 billion, helped by around £220 million in new...
Weak US market and operational difficulties sink TT Electronics stock
Thursday 17 Apr 2025Shares in TT Electronics (TTG) slumped as much as 21p or 25% to a decade-low price of 62p at the open on 10 April after the specialist manufacturer reported widening losses for 2024 and announced its chief executive would step down. For the year to December 2024, the Woking-based company, which...
Tesco shares drop on fears it will launch ‘price war’ to raise market share
Thursday 17 Apr 2025Since taking over the helm at Tesco (TSCO) four years ago, chief executive Ken Murphy and the rest of the team have done a fine job of steering the grocery giant to record profits and its highest market share in a decade. It was a surprise, therefore, when the shares dropped 6% on the day the...
Can Relx maintain its strong performance in the first quarter?
Thursday 17 Apr 2025Back in February, business information and data analytics firm Relx (REL) reported a strong set of full-year results and investors will be hoping for more of the same when it posts its first-quarter earnings on 24 April. The shares are up 12% over the past year, hitting a 52-week high of £42.05 on...
Is this the end of the road for Tesla bulls?
Thursday 17 Apr 2025Could it get any worse for Tesla (TSLA:NASDAQ) ? Top executives have been fleeing the ship, demand is plummeting, sales slipping, and government incentives at home and abroad are under threat, and that’s not the worst of it. JPMorgan analysts recently slashed their forecasts after citing ‘...