Shares in non-food consumables distributor Bunzl are trading their best in 14 months after management published a positive set of H1 results and expressed confidence in the rest of the year. Income seekers have welcomed profits growth of 10% allowing for a similarly generous 9% hike in the interim dividend while the company continued to…
There is a lot of talk on the news about the oil prices, OPEC, Iran, US sanctions and Russia. Brent and WTI have broken through 4-year highs in May and there is still plenty of buzz surrounding the oil market. But that’s the big picture. I’m interested in what moves individual oil shares on a…
Stock picking can be both a science and an art and it’s not as easy as it seems. Anyone can pick a name out of a hat, but to be a true UK Index magician and find gold nuggets on the stock market takes skill, experience and hard work. Here’s where the competitive edge lies….
Building materials manufacturer CRH is the top gainer on the UK 100 in early morning trading after releasing its latest results, once again proving investor mantra that guidance is king and past results are only a setup for future success or failure. Despite basically flat trading in the first half of the year (revenues +1%…
Shares in energy services group John Wood are +4.6% in early morning trading in spite of the company reporting a loss, with half-year earnings falling by 1.5% due to $33m in exceptional cash costs to deliver M&A integration synergies and restructuring, as well as non-cash impairment with regards to EthosEnergy. Instead, investors were preferring to…
Luxury brand Mulberry was the first tangible victim of the fall of the House of Fraser, as the fashion company warned this morning that its FY profit will be “materially reduced” by the tough UK retail trading conditions. This adds additional insult to the £3m in injury inflicted on the brand by the reorganisation of…