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Pin to quick picksAJ Bell Share News (AJB)

Share Price Information for AJ Bell (AJB)

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Share Price: 336.00
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Ask: 337.50
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London stocks rise on China recovery hopes; energy shares fall

Tue, 27th Jun 2023 16:55

China's Premier Li says will take steps to boost demand

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PZ Cussons slips after profit warning

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JD Sports Fashion down after flagging weakness in North America

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FTSE 100 up 0.1%, FTSE 250 adds 0.5%

June 27 (Reuters) -

British equities rose on Tuesday as China-exposed stocks jumped after Beijing said domestic growth would be higher in the second quarter, while a drop in oil and healthcare stocks limited gains.

The blue-chip FTSE 100 was up 0.1%, while the more domestically-focussed FTSE 250 midcap index added 0.5%.

China's Premier Li Qiang told delegates at the World Economic Forum in Tianjin that the country's economic growth is expected to reach the annual target of around 5%, and will take steps to expand domestic demand and open markets.

"Investors want to see those growth figures actually being achieved rather than just promises that they will be achieved," said Danni Hewson, head of financial analysis at AJ Bell. "There has been disappointment (in the past), but don't bet against China when the authorities really get their finger out."

China-exposed banks HSBC and Standard Chartered added 1.0% and 2.0%, respectively, while insurer Prudential gained 1.5%.

Limiting gains, oil stocks fell 1.1%, tracking weakness in crude prices, while pharmaceuticals also weighed on the index, down 1.0%.

The exporter-heavy FTSE 100 is on track to post quarterly losses after two straight quarters of gains, as surging domestic inflation and continued interest rate hikes by the Bank of England (BoE) dented risk appetite.

Among single stocks, BT Group led declines on FTSE 100, down 3.6% after UBS downgraded the telecoms firm to "sell" from "neutral".

JD Sports Fashion fell 2.7% after the sportswear retailer said there was softening in its North American business in June.

PZ Cussons slumped 6.7% after the soap maker said that devaluation of the Nigerian currency naira would adversely impact its profit next year.

Aston Martin tanked 9.2% as the luxury carmaker skipped reporting its sales volume target.

Meanwhile, BoE policymaker

Swati Dhingra

said there are "promising signals" for a further decline in British inflation.

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3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.

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3 May 2024 09:15

Jefferies downgrades AJ Bell after share price rally

(Sharecast News) - Jefferies downgraded its stance on AJ Bell on Friday to 'hold' from 'buy' after a circa 30% rally in the shares this year.

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3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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1 May 2024 17:31

UK's FTSE 100 slips ahead of Fed outcome, energy stocks weigh

FTSE 100 down 0.3%, FTSE 250 off 0.2%

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1 May 2024 09:26

LONDON BROKER RATINGS: UBS double upgrades AJ Bell to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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18 Apr 2024 09:55

AJ Bell reaches half a million customers as assets under management up

(Alliance News) - AJ Bell PLC on Thursday said customer numbers rose past half a million, as it reported "record" assets under management.

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18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

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18 Apr 2024 08:43

AJ Bell upbeat on strong second-quarter performance

(Sharecast News) - Investment platform AJ Bell reported a robust performance across its platform business and AJ Bell Investments in a second quarter update on Thursday.

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12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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11 Apr 2024 15:04

UK earnings, trading statements calendar - next 7 days

Friday 12 April 
SigmaRoc PLCTrading Statement
Monday 15 April 
Ashmore Group PLCTrading Statement
Ceres Power Holdings PLCFull Year Results
Engage XR Holdings PLCFull Year Results
Itaconix PLCFull Year Results
Mitie Group PLCTrading Statement
PageGroup PLCTrading Statement
Tuesday 16 April 
Accesso Technology Group PLCFull Year Results
Ashtead Technology Holdings PLCFull Year Results
Billington Holdings PLCFull Year Results
Chapel Down Group PLCFull Year Results
Equals Group PLCFull Year Results
Gattaca PLCHalf Year Results
Gresham Technologies PLCFull Year Results
IntegraFin Holdings PLCTrading Statement
Learning Technologies Group PLCFull Year Results
Next 15 Group PLCFull Year Results
Ninety One PLC and LtdTrading Statement
Oxford Instruments PLCTrading Statement
Qinetiq Group PLCTrading Statement
Petra Diamonds PLCTrading Statement
Robert Walters PLCTrading Statement
Team17 Group PLCFull Year Results
Wednesday 17 April 
Brooks Macdonald Group PLCTrading Statement
Hays PLCTrading Statement
Inspecs Group PLCFull Year Results
Liontrust Asset Management PLCTrading Statement
M Winkworth PLCFull Year Results
Menhaden Resource Efficiency PLCFull Year Results
Rio Tinto PLCTrading Statement
Saga PLCFull Year Results
Thursday 18 April 
AJ Bell PLCTrading Statement
BHP Group LtdTrading Statement
Devolver Digital IncFull Year Results
Dunelm Group PLCTrading Statement
easyJet PLCTrading Statement
Foxtons Group PLCTrading Statement
Keystone Law Group PLCFull Year Results
LBG Media PLCFull Year Results
Pod Point Group Holdings PLCFull Year Results
Rentokil Initial PLCTrading Statement
Segro PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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31 Mar 2024 19:06

Sunday newspaper round-up: Stamp duty, Wind energy, Metro Bank

(Sharecast News) - Investment companies are calling on government to bin the stamp duty on share trading in order to revive the London stock market and the country's economy. The bosses at Abrdn, AJ Bell, Hargreaves Lansdown and Interactive Investor all told The Mail on Sunday that politicians must pledge to ditch the tax. According to Abrdn's Stephen Bird, the levy was unpatriotic and economically destructive. Removing it might be the single biggest boost to UK share ownership, he said. - The Financial Mail on Sunday

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4 Mar 2024 21:51

IN BRIEF: AJ Bell Director Turner sells GBP84,000 worth of shares

AJ Bell PLC - Manchester, England-based investment platform operator - Non-Executive Director Simon Turner sells 27,267 shares at average GBP3.08 each on Monday for a total of GBP84,007.

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20 Feb 2024 15:11

AJ Bell founder tapped for Applied Nutrition chairman role

(Sharecast News) - AJ Bell founder Andy Bell has been appointed chairman of Applied Nutrition, a rapidly growing sports nutrition, health, and wellness brand based in Liverpool, it was reported on Tuesday.

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