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Kenmare Resources Shares Surge After Confirming Takeover Proposal From Oryx Global Partners

The share price of Kenmare Resources (LON: KMR) surged on Wednesday after the company confirmed it had received a takeover proposal from Oryx Global Partners and its former managing director, Michael Carvill.

bhp group bhp mines
Sam Boughedda
FTSE 100 Stutters Into Close – Index Holds 8750 Level With Banks’ Support

London's FTSE 100 index stuttered into the close today, falling by a marginal 0.04% to end at 8,755.84. Having begun the day trading up 0.8% in the early part of the

markets-ftse100
Asktraders News Team
Flutter Entertainment Launches $300 Million Share Buyback

Flutter's stock (NYSE: FLUT) has moved up 0.33% in early trading today, as the company released a buyback update. The company, a leading name in the world of online sports betting and iGaming, has unveiled a significant shar

Flutter Entertainment Logo
Asktraders News Team
Breedon Group Announces Lionmark Acquisition

Breedon Group (LON: BREE) announced the acquisition of Missouri-based Lionmark Construction Companies for $238 million (£187 million) on Wednesday. [stock_market_widget type="

Breedon Group projects
Sam Boughedda
Balfour Beatty Shares Slide as CEO to Step Down

Balfour Beatty (LON: BBY) shares fell on Wednesday after the infrastructure group announced Chief Executive Leo Quinn will step down later this year after more than a decade in the role.

Balfour Beatty site
Sam Boughedda
Shell Stock Edges Lower as it Reshuffles Executive Team

Shell (LON: SHEL) shares fell more than 3% on Tuesday after the energy giant announced a shake-up of its executive leadership as part of its ongoing transformation efforts. [s

Warum in die Shell Aktie investieren?
Sam Boughedda
Greggs Shares Drop Despite Passing £2bn Sales Milestone

Greggs (LON: GRG) shares fell more than 9% in the early part of Tuesday’s session, trading at 1,883p at the time of writing, despite the bakery chain reporting record sales and profits for 2024.

Greggs store
Sam Boughedda
Severfield Shares Plunge as Market Conditions Show ‘No Signs of Improvement’

Severfield plc (LON: SFR) plunged more than 42% Monday after the structural steel group warned of worsening market conditions, project delays, and a profit downgrade. [stock_m

Sam Boughedda
BP Capital Markets Day: Analyst Takeaways

BP (LON: BP.) outlined its updated strategy at its Capital Markets Day (CMD) in London last week on February 26, with analysts highlighting a focus back to traditional oil and gas operations, alongside cost-cutting and debt r

BP oil
Sam Boughedda
IAG Shares Jump as Earnings Top Expectations

International Consolidated Airlines Group (LON: IAG) shares surged over 5% on Friday after the company reported full-year adjusted operating profit of €4.44 billion, beating analyst expectations of €4.08 billion.

British Airways Plane
Sam Boughedda
Barratt Redrow Medium-Term Guidance Suggests a ‘Strong Rebuild of Profits’

Deutsche Bank raised its rating for Barratt Redrow (LON: BTRW) from Hold to Buy in a note to clients his week, maintaining its price target at 536p, citing solid trading and a positive outlook following the housebuilder’s int

Redrow Homes1
Sam Boughedda
Rolls-Royce Shares Rally as Earnings, Revenue Jump

Rolls-Royce (LON: RR.) shares surged more than 15% on Thursday, hitting news highs following the release of its 2024 full-year results, showcasing a rise in earnings and revenue. 

Rolls Royce logo
Sam Boughedda
Ocado Shares Plunge Despite Narrower Loss

Despite reporting a narrower loss in FY24, Ocado Group's (LON: OCDO) shares tumbled on Thursday, down around 15%.  [stock_market_widget type="chart" template="line" color="#15

Sam Boughedda
BP Strategy Shift To See Green Energy Investment Cut

BP shares ended the day down 1.74%, as the firm announced a significant shift in its business strategy, aiming to enhance its share price by increasing its oil-and-gas production while reducing investments in clean energy. Th

BP LOGO
Asktraders News Team
TT Electronics Share Target Cut Following Delayed Results

Shares of TT Electronics (LON: TTG) continued to decline Wednesday after the company's announcement of a two-week delay in its FY24 results, which were initially scheduled for release in early March.

Sam Boughedda
B&M Shares: Down 45% in the Last 12 Months, Can it Turnaround?

B&M European Value Retail SA (LON: BME) shares have endured a sharp decline, with its stock down 45% over the past year, but Morgan Stanley believes a turnaround may be on the horizon. 

B&M Bargains
Sam Boughedda
Wood Group Share Price Rally Continues After Confirming Takeover Approach

John Wood Group (LON: WG.) extended gains on Tuesday after the company confirmed it had received a takeover approach from Sidara, an engineering firm that previously walked away from acquisition talks last year.

Sam Boughedda
Goldman Sachs: Standard Chartered Underlying Numbers Better Than Expected

Goldman Sachs analysts said in a note this week that Standard Chartered’s (LON: STAN) underlying Q4 2024 performance exceeded expectations, despite headline financials being impacted by several large items.

Standard Chartered branch
Sam Boughedda
Centrica Shares Make New 52 Week High as Dividend Increases

Centrica's share price (LON: CNA) hit a new 52 week high in the most recent session, touching 152.20 as the owner of British Gas reported financial results that exceeded market expectations, and announced an increase in its d

Centrica building
Asktraders News Team
B&M Shares Drop: Lowers Guidance, CEO to Retire

B&M European Value Retail (LON: BME) shares fell more than 8% on Monday after the company lowered its full-year profit guidance and announced the retirement of CEO Alex Russo.

B&M Bargains
Sam Boughedda
Glencore ‘Could Deliver Self-Help Strategy to Unlock Value’

Goldman Sachs reiterated its Buy rating on Glencore (LON: GLEN) in a note last week but lowered its price target to 420p from 500p, following the company’s preliminary 2024 results. 

glencore plc glen mining
Sam Boughedda
Lloyds Shares Add 21% YTD, as Buyback Boosts Holders

Lloyds' share price (LON: LLOY) is up 1.37% in trading today, bringing the impressive year-to-date return to 21.33%, barely two months in. It is not all plain sailing

Asktraders News Team
Hilton Food Group Has Significant Potential in Central Europe: Shore Capital

Shore Capital said in a note this week that it recently visited Hilton Food Group's (LON: HFG) Central Europe Factory (HFCE), its manufacturing facility based in the Silesia region of Southern Poland.

Hilton Foods
Sam Boughedda
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