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Pin to quick picksAscential Share News (ASCL)

Share Price Information for Ascential (ASCL)

London Stock Exchange
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Share Price: 331.40
Bid: 331.45
Ask: 332.00
Change: -9.55 (-2.80%)
Spread: 0.55 (0.166%)
Open: 341.00
High: 349.50
Low: 331.10
Prev. Close: 340.95
ASCL Live PriceLast checked at -

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FTSE 250 movers: Media stocks Future and Ascential see shares surge

Thu, 04th Apr 2024 14:26

(Sharecast News) - Future stole the show on Thursday after the media group reported a return to organic revenue growth in its second quarter, largely attributed to robust performances in Go.Compare, B2B sectors, and resilient magazine sales.

The FTSE 250 specialist publisher said challenges were persisting in affiliate products and digital advertising, but that it was confident in its ability to meet expectations for the full 2024 financial year, pending any impact from foreign exchange translation.

Also in demand was Ascential, the B2B media and events company, after expanding on plans to return £850m to shareholders. The return involves a tender offer to acquire up to £300m of Ascential shares, a special dividend of at least £450m, and on-market share buyback programmes to acquire £100m of Ascential shares. Shares jumped 3%.

Aston Martin Lagonda Global was performing well, rising more than 3% on the same day that Swedish carmaker Volvo reported its best-ever single month of sales in March, with unit deliveries up a quarter on the year before.

OSB Group led the fallers list after going ex-dividend, meaning that new shareholders won't be entitled to the company's latest dividend payout. Breedon, Hammerson and Domino's were also ex-dividend.

Meat, seafood and meat alternatives group Hilton Foods was in the red, pulling back after a decent gain the previous session after it reported a 20% increase in full-year adjusted profits, helped by the turnaround in its seafood business.

Power generation business Drax edged higher after revealing it had signed a new £150m term-loan facility to help refinance its debt which expires next year.

FTSE 250 - Risers

Future (FUTR) 662.00p 10.43%

Pagegroup (PAGE) 477.80p 6.04%

Mitie Group (MTO) 111.20p 5.10%

Dr. Martens (DOCS) 96.45p 3.93%

Wizz Air Holdings (WIZZ) 2,248.00p 3.88%

Close Brothers Group (CBG) 442.40p 3.41%

Ascential (ASCL) 315.20p 3.28%

Aston Martin Lagonda Global Holdings (AML) 167.10p 3.28%

Mobico Group (MCG) 65.60p 2.90%

SDCL Energy Efficiency Income Trust (SEIT) 60.50p 2.89%

FTSE 250 - Fallers

OSB Group (OSB) 367.40p -2.96%

Hammerson (HMSO) 27.76p -2.73%

Hilton Food Group (HFG) 848.00p -2.30%

Breedon Group (BREE) 381.50p -2.18%

Domino's Pizza Group (DOM) 339.80p -1.96%

Lancashire Holdings Limited (LRE) 603.00p -1.95%

Barr (A.G.) (BAG) 574.00p -1.88%

Trustpilot Group (TRST) 189.80p -1.76%

Britvic (BVIC) 793.50p -1.55%

Finsbury Growth & Income Trust (FGT) 834.00p -1.42%

More News
7 Feb 2023 10:31

Ascential ups stake in Hudson MX; has path to majority holding

(Alliance News) - Ascential PLC on Tuesday said it is increasing its minority stake in Hudson MX Inc, a US provider of software-as-a-service media buying & media accounting solutions.

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27 Jan 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises 888; Peel Hunt cuts Antofagasta

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

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25 Jan 2023 17:09

LONDON MARKET CLOSE: Stocks in the red; Ascential surges on spin-off

(Alliance News) - Stocks in London were lower at the close on Wednesday amid a gloomy economic backdrop for the UK and mixed updates from UK-listed firms.

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25 Jan 2023 12:05

LONDON MARKET MIDDAY: Stocks mostly down but easyJet, Ascential surge

(Alliance News) - Stock prices in London were lower at midday on Wednesday, despite some positive UK company trading updates.

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25 Jan 2023 09:21

TOP NEWS: Ascential to spin-off digital arm as sharpens event focus

(Alliance News) - Ascential PLC on Wednesday said it is proposing to separate its digital commerce assets into an independent US-listed company, as it emphasised a focus on events for its core business.

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25 Jan 2023 09:08

LONDON MARKET OPEN: Stocks firm; Ascential jumps 25% on restructuring

(Alliance News) - Stock prices in London opened marginally higher on Wednesday, after figures showed producer price inflation is easing in the UK and following mixed markets in the US and Asia.

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25 Jan 2023 07:55

LONDON BRIEFING: UK producer price inflation cools in December

(Alliance News) - Stocks in London were called flat on Wednesday, as new data showed producer price inflation is easing in the UK.

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25 Jan 2023 07:54

Ascential FY seen ahead of market views; to separate digital assets

(Sharecast News) - Ascential said on Wednesday that full-year revenues and adjusted EBITDA were set to be ahead of market expectations, as it announced the separation of its digital assets.

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24 Jan 2023 09:33

LONDON BROKER RATINGS: Davy raises DS Smith; Panmure cuts Unite Group

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

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5 Oct 2022 10:12

LONDON BROKER RATINGS: Deutsche Bank cuts Ascential to 'hold'

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

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5 Oct 2022 07:42

LONDON BRIEFING: Stocks called lower; Tesco profit hit by impairment

(Alliance News) - Stocks in London were called lower on Wednesday, ahead of UK Prime Minister Liz Truss' keynote speech at the Conservative Party conference, and a key meeting of the world's oil-producing nations.

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2 Oct 2022 16:23

Sunday newspaper round-up: British Steel, Takeovers, Credit Suisse

(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph

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16 Sep 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs cuts Landsec and British Land

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

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15 Sep 2022 10:00

TOP NEWS: THG shares fall as cuts earnings guidance, changes directors

(Alliance News) - THG PLC on Thursday cut its earning guidance for 2022 despite narrowing its interim loss, amid a board shake-up as two directors left and two joined.

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8 Sep 2022 09:22

LONDON BROKER RATINGS: Morgan Stanley cuts ITV to 'underweight'

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

Read more

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