UK Stock News
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.
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
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
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
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
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
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
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
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
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
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
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."
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.
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
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
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
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
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.
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
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
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-
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