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Ithaca Energy Now One of the Largest UK Oil and Gas Producers – Goldman Sachs

Independent oil and gas exploration and production company Ithaca Energy (LON: ITH) has solidified its position as one of the largest UK producers following its recent acquisition of ENI UK, according to Goldman Sachs.

How to trade oil
Sam Boughedda
Lloyds Beats Profit Forecasts, Shares Moving Towards Retest of Highs

Lloyds Banking Group shares (LON:LLOY) are trading green this morning, up 1.26%, with the UK's largest mortgage lender, has reported a third-quarter profit that surpas

Asktraders News Team
Reckitt Benckiser Shares Jump as Sales Top Expectations

Reckitt Benckiser (LON: RKT) shares jumped more than 3% on Wednesday after the company reported better-than-expected sales for the third quarter of 2024. [stock_market_widget

Reckitt Benckiser logo
Sam Boughedda
FTSE 100 Dips; UK Government’s Borrowing Soars

The FTSE 100 index experienced a dip early on, trading 0.7% lower to follow the lead set by Asian markets this morning, as government borrowing in the UK for September showed a substantial increase, up £2.1 billion from the p

UK short
Asktraders News Team
GSK Share Price Trading Near 2024 Lows Leading Into Q3 Financials

UBS has revised its earnings per share (EPS) predictions for pharmaceutical giant GSK PLC, slicing estimates by 5% for the fiscal years 2024 and 2025. With GSK due to report it's latest financials next week (Weds 30th), we wi

GSK Office
Asktraders News Team
Mulberry Labels Latest Frasers Proposal as ‘Untenable’

Mulberry Group (LON: MUL) firmly rejected a takeover bid from Frasers Group (LON: FRAS) on Tuesday, labelling the proposed offer as "untenable." [stock_market_widget type="cha

Mulberry logo
Sam Boughedda
IAG Shares: FCF and Buybacks ‘to Drive the Next Leg’

International Airlines Group (LON: IAG) shares are poised for further growth, according to a note from Goldman Sachs this week. [stock_market_widget type="chart" template="lin

British Airways IAG
Sam Boughedda
Vesuvius Share Price (LON: VSVS) Hit’s New 52 Week Low, As JP Morgan Trims Target

Shares of Vesuvius PLC (LON: VSVS) had a day of up's and down's to begin the week, with a gap up first thing fading as the day progressed, leaving the stock back where it started, 52 week lows. Vesuvius' share price has endur

Stock Exchange
Asktraders News Team
Is UK Infrastructure Set to Get Borrowing Boost?

As the UK braces for the upcoming budget announcement, there's a prevailing sense among government bond investors that Chancellor Rachel Reeves might opt for a sizable increase in borrowing, provided the funds are earmarked f

uk stock market person holding union jack
Asktraders News Team
Cerillion Shares (LON: CER) Gain as Outlook & Price Target Raised

Analysts at Canaccord Genuity have revised their target price on shares of software firm Cerillion, upping the figure from 1675p to 2000p on Monday following the group's strong performance outlook for FY24. This uptick repres

Cerillion booth
Asktraders News Team
Nigeria Rejects Shell’s Asset Sale Plan

Nigeria has made a significant move in its oil and gas sector by rejecting the proposed sale of Shell's onshore and shallow-water assets in the oil-rich Niger Delta region. The Nigerian Upstream Petroleum Regulatory Commissio

Shell Aktie Dividende
Asktraders News Team
Richemont Shares Are Not Immune to Macro Headwinds

Richemont (SIX: CFR) shares were cut to Neutral by Goldman Sachs in a recent research note, with the investment bank stating that the company is "not immune to macro headwinds."

Richemont Watches Collage Of Brands
Sam Boughedda
Avacta and Tempus Join Forces to Advance AI-Driven Drug Development  in Oncology

Life sciences company Avacta Therapeutics (LON: AVCT) announced a strategic partnership with Tempus AI, Inc. (Nasdaq: TEM), an artificial intelligence-driven precision medicine firm.

Avacta
Sam Boughedda
UK Financial Sector Gears Up for Busy Week (LLOY, NWG)

The financial and consumer goods sectors are poised for a bustling week ahead as several blue-chip companies in London are scheduled to release earnings updates

Stock Exchange
Asktraders News Team
Bunzl Q3 Volume ‘Continued to be Weak’

Bunzl (LON: BNZL) shares fell over 1% at the start of Friday's session, not helped by a rating downgrade from Citi on Thursday. [stock_market_widget type="chart" template="lin

Sam Boughedda
Boohoo shares fall amid leadership change, debt refinancing

Online fashion retailer Boohoo Group's (LON: BOO) shares declined in early Friday trading after a series of corporate announce

Boohoo
Sam Boughedda
FTSE 100 Moves Up, Can We Expect a Retest of 8,400?

The FTSE 100 Index saw a cautious beginning to day slowly build a head of steam, with a 33 point gain (+0.4%) leaving many bulls wondering whether this will finally l

uk stock market person holding union jack
Asktraders News Team
Entain Stock Faces Headwinds Amid Potential UK Gambling Tax Hike

Sports betting and gaming group Entain (LON: ENT) will face significant headwinds if the UK government considers a potential tax hike on the gambling industry, according to a note from Goldman Sachs.

entain logo with ladbrokes coral and gala
Sam Boughedda
N Brown Shares Surge After Agreeing Takeover

Simply Be and Jacamo owner N Brown Group (LON: BWNG) saw its shares soar more than 42% on Thursday after announcing it had reached an agreement on a recommended cash acquisition by Falcon 24 Topco Limited, a company owned and

Jacamo shop shopping center N Brown Group
Sam Boughedda
Persimmon Shares (LON:PSN) Closing In On New Highs

In recent months, holders of Persimmon shares (LON: PSN) have witnessed a noteworthy increase in the company's price, which has added a further 2.8% in trading today, to bring YTD gains to an impressive 23.98%. The UK-based h

Asktraders News Team
Tesco and Shell Secure UK Solar Project Output (TSCO, SHEL)

In a significant advancement for renewable energy sourcing in the United Kingdom, retail giant Tesco (LON: TSCO) and energy conglomerate Shell (LON: SHEL) have entered into long-term agreements for the entire output of a 373-

Tesco clubcard
Asktraders News Team
L&G Shares Gain As Firm Strengthens Leadership

Legal & General has

Legal & General logo.
Asktraders News Team
Unexpected Drop in UK Inflation Hints At Potential Rate Cuts, GBP Falls

In a surprising twist, UK inflation has declined to 1.7% in the year to September, signaling the lowest rate in over three and a half years. This development comes unexpectedly and could potentially set the stage for the Bank

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Asktraders News Team
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