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Associated British Foods’ first-half results send shares skidding
Thursday 01 May 2025Shares in Associated British Foods (ABF) plunged 9% earlier this week after the global consumer conglomerate posted a slide in first-half profit and downgraded full-year guidance for its Sugar business. Results for the six months to March 2025 showed a 21% drop in pre-tax profit to £692 million as...
Winking Studios shares nearly halve year-to-date after IPO excitement
Thursday 01 May 2025Shares in Winking Studios (WKS:AIM) have fallen as much as 55% year-to-date after the Singapore-based video games services company reported a 70.5% fall in full year net profit for the year ending 31 December. The company, which enjoyed a very positive initial reaction to its November 2024 IPO,...
Investors eagerly await Berkshire Hathaway's Q1 and annual meeting on 3 May
Thursday 01 May 2025Warren Buffett’s Berkshire Hathaway (BRK-B:NYSE) exited 2024 on a high, generating a record fourth-quarter operating profit for the third straight year, driven by strong growth in its insurance operations. Berkshire more than doubled the size of its cash pile to a record $334.2 billion, as the...
The US could be in for an unprecedented supply shock
Thursday 01 May 2025Wall Street may have stabilised in the last week as the White House has softened some of its rhetoric on global trade, but the real-world impact of the increase in tariffs is about to hit Main Street and could make the disruption caused by the pandemic ‘look like a tea-party’ according to some...
Imperial Brands shares hit a five-year high as investors dial down risk
Thursday 01 May 2025Over the past six months, Imperial Brands (IMB) shares have gained nearly 30% due to a robust set of full-year results reported last November and investors piling into defensive stocks since the start of 2025. On 24 April, Imperial shares hit a five-year high of £30.63 as the multi-national tobacco...
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...
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...