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ShareCast News - Risers and Fallers
FTSE 250 movers: Debenhams jumps on new CFO
High street retailer Debenhams raced to the top of the leaderboard on the news it has appointed the Chief Financial Officer (CFO) of Mothercare to the same role on its own board. Matt Smith, who has been CFO at Mothercare since last year and has previously been Finance Director of Home Retail's Argos, will take up his new role once he has satisfied the terms of his current contract.[45 Minutes Ago]
FTSE 100 movers: RBS tops the leaders after surprise H1 profit
RBS delivered a better-than-expected first half operating performance, but said no one at the 80% taxpayer-owned bank was "complacent about the challenges ahead".[Fri 15:36]
FTSE 250 movers: Carillion and Balfour lead on merger talk
Both Carillion and Balfour Beatty leapt after they confirmed rumours they are in discussions about a possible merger. The preliminary talks are to develop a strategy and outline a business plan for a combined entity, which it said would be "underpinned by the evaluation of achievable synergies, future financing arrangements and a number of other essential supporting workstreams".[Fri 14:37]
FTSE 100 movers: Reed Elsevier leads risers
Reed Elsevier was the top riser after it reported a 4% increase in half year revenue at constant currency and a 5% increase in the dividend.[Thu 16:06]
FTSE 250 movers: Howden Joinery rises on strong first half
First-half results from Howden Joinery received a warm welcome from the market as the kitchen and joinery products group delivered a decent jump in interim profits and reported a strong start to the second half. Howden-branded UK depots generated revenue of £428.2m in the first half, up 11.6%, helped by the opening of 17 new depots, taking the total to 576.[Thu 15:26]
FTSE 250 movers: Renishaw surges as investors celebrate strong finish to year
Renishaw's market value increased by almost a fifth on Wednesday as the engineering company delivered an all-time high annual revenue of £355.5m in the year to June 30th after a record fourth quarter. Numis upgraded the stock from 'hold' to 'add' today, helping the stock rise 19% by the afternoon.[Wed 14:37]
FTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook
The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to £5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to last year", down from its previous estimate of 4-8% growth.[Wed 14:31]
FTSE 250 movers: IG Group rises on increased divi payment
IG Group leapt following what broker Numis Securities termed a "substantial" increase in its dividend payment, up 28% to 22.4p. The financial spread betting firm reported a 2.4% rise in full-year trading revenue to £370.4m. Numis kept its 'add' rating on the stock with a target price of 665p.[Tue 15:59]
FTSE 100 movers: ARM leads the charge after strong Q2
Chip designer ARM Holdings was a high riser as it delivered a confident outlook, hailing a "healthy pipeline of opportunities" after strong licensing results helped profits beat expectations in the second quarter. The tech group, which makes processors for smartphones and tablets, said pre-tax profit in the six months to June 30th rose 9% year-on-year to £94.2m, ahead of the £91m estimated by analysts.[Tue 15:53]
FTSE 100 movers: Miners show resilience amid global tensions
Miners Fresnillo and Antofagasta were showing resilience despite the mounting tensions seen in both Russia and Gaza over the past few days.[21 Jul '14]
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