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Pin to quick picksJudges Scientific Share News (JDG)

Share Price Information for Judges Scientific (JDG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 8,380.00
Bid: 8,300.00
Ask: 8,460.00
Change: 20.00 (0.24%)
Spread: 160.00 (1.928%)
Open: 8,350.00
High: 8,450.00
Low: 8,340.00
Prev. Close: 8,320.00
JDG Live PriceLast checked at -

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LONDON MARKET OPEN: boohoo investors meet at Frasers founder's bequest

Fri, 20th Dec 2024 09:02

(Alliance News) - Stock prices in London opened lower on Friday, after disappointing domestic retail sales figures and ahead of US personal consumption expenditures data.

UK retail sales volumes rose by 0.2% month-on-month in November, the Office for National Statistics said, improving from a 0.7% fall in October but falling short of the FXStreet-cited market consensus of 0.5% growth. On an annual basis, retail sales grew 0.5% in November. This missed the FXStreet consensus of 0.8%, and represented a slowdown from the 2.4% increase in the year to October.

"Considering November falls right in the middle of the crucial 'golden quarter' for retailers, this latest set of figures won’t get champagne corks popping," remarked AJ Bell's Danni Hewson. "Though the period doesn't cover that now ubiquitous Black Friday weekend which shoppers tend to hang on for...To put it bluntly, consumers had the rug pulled out from under them in the run-up to the Budget and anecdotal evidence suggests they were still being cautious with their cash in the days that followed."

UK public sector net borrowing came out about the same time.

"Government borrowing in the first eight months of the 2024/25 fiscal year at GBP113.2 billion was GBP21.5 billion above the March Budget forecasts, after a larger-than-expected deficit in November continues to leave the Chancellor on the back foot against the OBR's borrowing forecasts.

"But, November's overrun in isolation was just GBP1.2 billion, the joint-lowest overrun this fiscal year, and the OBR had already raised forecast public sector borrowing in 2024/25 by GBP40.3 billion in their October forecasts," Pantheon Macroeconomics' Elliott Jordan-Doak explained.

The FTSE 100 index opened down 54.24 points, 0.7%, at 8,051.08. The FTSE 250 was down 112.82 points, 0.6%, at 20,286.56, and the AIM All-Share was down 1.47 points, 0.2%, at 710.31.

The Cboe UK 100 was down 0.6% at 807.82, the Cboe UK 250 was down 0.5% at 17,825.83, and the Cboe Small Companies was down 0.1% at 15,841.01.

On the FTSE 100, Frasers was up 0.28 points. Small-cap retailer boohoo was up 0.5%.

Shareholders in the AIM-listed fast fashion group gather for a general meeting called by Mike Ashley, Sports Direct owner Frasers' founder and boohoo's largest shareholder with a 28% stake.

Ashley is seeking to appoint himself as chief executive and also wants a board seat for his long-term associate Mike Lennon, arguing that the company has underperformed.

On the FTSE 250, IP Group gained 1.4%.

It announced that two quoted companies in its life sciences portfolio, Intelligent Ultrasound and Abliva, have received cash acquisition offers.

IP Group expects to receive GBP8.8 million for its 20.8% Intelligent Ultrasound stake, and SEK725.3 million (GBP52.4 million) for its 9.5% Abliva stake.

Among smaller caps, Judges Scientific was up 0.4%.

It announced that Chair Alexander Hambro has decided to retire at the end of 2024, ultimately stepping down from the board at the conclusion of the next annual general meeting in May 2025.

Current Non-Executive Director Ralph Elman will succeed Hambro with effect from January 1.

In European equities on Friday, the CAC 40 in Paris was down 1.1%, while the DAX 40 in Frankfurt was also down 1.1%.

The pound was quoted slightly higher at USD1.2509 early on Friday in London, compared to USD1.2500 at the equities close on Thursday. The euro higher stood at USD1.0391, against USD1.0364. Against the yen, the dollar was trading lower at JPY156.83 compared to JPY157.39.

In Asia on Friday, the Nikkei 225 index in Tokyo was down 0.3%. In China, the Shanghai Composite was up 0.27 points, while the Hang Seng index in Hong Kong was down 0.1%. The S&P/ASX 200 in Sydney closed down 1.2%.

In the US on Thursday, Wall Street ended mostly lower, with the Dow Jones Industrial Average up marginally, the S&P 500 down 0.1% and the Nasdaq Composite down 0.1%.

Brent oil was quoted higher at USD72.46 a barrel early in London on Friday from USD72.18 late Thursday.

Gold was quoted higher at USD2,606.56 an ounce against USD2,596.22.

Still to come on Friday's economic calendar, as well as US PCE, look out for the eurozone's consumer confidence reading.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Jan 2025 07:00

IN BRIEF: Judges Scientific director buys GBP150,000 in shares

Judges Scientific PLC - London-based investor in scientific instrument sector - Non-Executive Director Lushani Kodituwakku and associates buy 2,146 shares at 7,415 pence and 7,103p, worth GBP157,594, on Thursday and Friday last week. She now has 2,471 shares.

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20 Jan 2025 11:46

Berenberg lowers target pice on Judges Scientific

(Sharecast News) - Analysts at Berenberg lowered the target price on scientific instruments business Judges Scientific from 11,310.0p to 10,600.0p on Monday, citing "greater clarity" following the group's FY24 trading update.

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20 Jan 2025 09:56

LONDON BROKER RATINGS: Jefferies raises Spirax; Peel Hunt cuts Grainger

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

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20 Jan 2025 09:09

Judges Scientific encouraged by start to 2025 after "difficult" year

(Alliance News) - Judges Scientific PLC on Monday said it expects 2024 earnings in line with market expectations after mixed trading in 2024.

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20 Jan 2025 09:09

Jefferies 'cautiously optimistic' for UK industrials in 2025

(Sharecast News) - Jefferies has upgraded its rating for Spirax Group as part of its annual review of the listed UK industrials sector, while downgrading its stance on Smiths Group, XP Power and Judges Scientific.

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20 Jan 2025 07:53

Judges Scientific says outlook improving after 'difficult' 2024

(Sharecast News) - Scientific instruments conglomerate Judges Scientific has reassured investors that results for 2024 will be in line with expectations despite a "difficult year" for the company.

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20 Dec 2024 14:28

EXECUTIVE CHANGES: Judges Scientific chair, founding director retires

(Alliance News) - The following is a round-up of London-listed company director and manager changes on Friday and not separately reported by Alliance News:

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20 Dec 2024 07:52

LONDON BRIEFING: Stocks down as UK retail sales miss forecasts

(Alliance News) - Stocks were called lower on Friday ahead of the US Fed's preferred inflation gauge, the personal consumption expenditures reading, this afternoon.

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20 Dec 2024 07:43

Judges Scientific chairman Alexander Hambro to retire at end of year

(Sharecast News) - Judges Scientific said on Friday that chairman Alexander Hambro has decided to retire at the end of 2024.

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6 Dec 2024 11:38

Montanaro UK Smaller Cos underperforms benchmark but hikes dividend

(Alliance News) - Montanaro UK Smaller Cos Investment Trust PLC on Friday said net asset value edged upwards in the first half of its financial year, as it revealed that tax hikes announced in the recent UK government budget were "less severe than feared".

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19 Nov 2024 10:14

Berenberg lowers target price on Judges Scientific

(Sharecast News) - Analysts at Berenberg lowered their target price on scientific instruments business Judges Scientific from 12,400.0p to 11,310.0p on Tuesday, stating the group was approaching a "trough cycle".

Read more
18 Nov 2024 11:58

LONDON MARKET MIDDAY: UK stocks mixed, gold price continues climbing

(Alliance News) - London's FTSE 250 fell into the red by midday on Monday, while across the Channel official figures showed significant growth in the eurozone's trade surplus.

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18 Nov 2024 11:48

Judges Scientific shares fall as company expects lower 2024 earnings

(Alliance News) - Judges Scientific PLC said on Monday that delays and deferrals in orders have prompted the company to lower its expectations for adjusted basic earnings per share for the year.

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18 Nov 2024 10:43

AIM WINNERS & LOSERS: Judges Scientific down on "disappointing" trade

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.

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