LONDON BROKER RATINGS: Citi cuts AJ Bell; BofA likes JD Sports
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Close Brothers names Finance Director Mike Morgan as chief executive
(Alliance News) - Close Brothers Group PLC on Tuesday reported that Group Finance Director Mike Morgan will succeed Adrian Sainsbury as chief executive officer, effective from Monday.
Hill & Smith CFO Hannah Nichols departs to join Coats Group
Nichols will join Coats as CFO on April 24 and assume full responsibilities after its annual general meeting on May 21, succeeding Jackie Callaway, who has mutually agreed with the board of Coats to ...
UK grocery sales hit festive Christmas high but inflation picks up
According to market research firm Kantar, household spending on take-home groceries hit a new high this Christmas at GBP460 on average. Overall take-home sales at the grocers rose by 2.1% over the ...
Next lifts profit outlook as buoyant overseas online trade lifts sales
Next plans to retain GBP75 million of surplus cash, reducing net debt, to contribute towards the potential repayment of a GBP250 million bond in August 2025. Next is due to announce annual results for ...
LONDON BRIEFING: Next ups guidance after strong Christmas trade
Stocks in London are set to open lower on Tuesday, with a eurozone inflation reading, and US data in focus. Both batches of data will be scrutinised for what they could mean for the European Central ...
LONDON MARKET EARLY CALL: FTSE 100 to open lower before eurozone data
(Alliance News) - Stocks in London are set to open lower on Tuesday, after a decent start to the week, with eurozone and US data in focus later. IG says futures indicate the FTSE 100 to open 44.1 ...
US activist investors targeting UK firms hits three-year high — data
US-based intervention in UK companies reached a three-year high, according to the latest Activist Alert report by Alvarez & Marsal, A&M. Activist investors tend to buy shares in companies they view as ...
UPDATE: Saba pushes back on critical Trusts as eyes board overhauls
(Alliance News) - Saba Capital Management LP on Monday pushed back on claims made by two of its investees, as the company aims to drive management shake-ups at several "underwhelming" firms in its ...
LONDON BROKER RATINGS: Barratt and Persimmon raised but Berkeley cut
Redburn raises Barratt Redrow to 'buy' (neutral) - price target 540 (530) pence Redburn raises Persimmon to 'buy' (neutral) - price target 1,510 (1,610) pence RBC cuts Unilever to 'underperform' ...
RC365 reappoints Hon Cheung as CFO immediately, replacing Timothy Tang
Upon his return announced Monday, Cheung replaces Timothy Tang in the role as CFO and as director. In December, RC365 announced the repayment of outstanding amount of GBP400,000 to Mill End Capital ...
Smarttech247 expects strong revenue growth ahead of full-year results
The company said it anticipates reporting revenue exceeding EUR13 million for its financial year ended July 31, 2024, reflecting an annual increase of more than 8% from EUR12.2 million in financial ...