Moonpig Gr Share News (MOON)

UK earnings, trading statements calendar - next 7 days

JP Morgan downgrades fast fashion retailers

(Sharecast News) - JP Morgan has downgraded Asos and a clutch of other European retailers on Tuesday, on the back of the mounting cost of living crisis.

LONDON MARKET OPEN: FTSE underperforms as markets add to post-Fed rise

(Alliance News) - London's FTSE 100 fell in early dealings but is on track to post a weekly gain, while other stock markets were largely on the up on Friday in a sign investors are "comfortable" with central bank efforts to slow inflation.

Mooonpig slides after £80m share placing

(Sharecast News) - Moonpig tumbled on Friday after various shareholders sold around £80m worth of shares in the online greeting cards and gift retailer in a placing.

LONDON BROKER RATINGS: JPMorgan cuts Hikma; Liberum likes Trustpilot

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

LONDON BROKER RATINGS: Peel cuts Royal Mail; SocGen lifts Kingfisher

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

LONDON MARKET CLOSE: Stocks rise as Biden mulls lifting China tariffs

(Alliance News) - Stocks in London ended firmly in the green on Monday after US President Joe Biden said he was considering lifting some Trump-administration trade tariffs imposed on China.

LONDON MARKET MIDDAY: Biden mulls China trade war de-escalation

(Alliance News) - European equities kicked off the week in fine fettle, showing confident gains in morning trade on Monday, with the mood bolstered by news that US President Joe Biden is considering lifting some Donald Trump-era trade tariffs on China.

LONDON MARKET OPEN: Market cheers Moongpig's new gifting foray

(Alliance News) - European equities made a confident start to the new trading week on Monday, for now setting aside the inflation and economic growth worries that have stifled markets in recent weeks and months.

IN BRIEF: Moonpig acquires gift platform Buyagift for GBP124 million

Moonpig Group PLC - London-based online greeting card and gifting company - Agrees to buy Smartbox Group UK Ltd, which trades as Buyagift, for GBP124 million in cash. Smartbox recorded GBP14 million in earnings before interest, tax, depreciation and amortisation in financial year 2022. Buyagift is a gift experiences platform. Moonpig said it hopes to create the UK's leading range of physical and experiential gifts, delivering a step-change in the company's gifting proposition. Moonpig Chief Executive Officer Nickyl Raithatha says: "The proposed acquisition of Buyagift rapidly accelerates Moonpig group's journey to become the ultimate gifting companion. There is strong strategic rationale for the transaction, and compelling financial benefits."

Moonpig looks to acquire Smartbox

(Sharecast News) - Shares in online greetings card retailer Moonpig surged early on Monday after the firm announced the proposed acquisition of Smartbox Group for £124.0m in cash as part of an effort to accelerate its strategy of becoming "the ultimate gifting companion".

Berenberg lowers target price on 'overlooked' Moonpig

(Sharecast News) - Analysts at Berenberg lowered their target price on greeting cards and gifts retailer Moonpig from 390.0p to 420.0p on Friday despite saying "another encouraging update" from the firm being overlooked by the market.

LONDON BROKER RATINGS: Jefferies raises Volution to 'buy' from 'hold'

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

LONDON MARKET CLOSE: FTSE 100 outperforms on strong energy stocks

(Alliance News) - The FTSE 100 outperformed European peers on Tuesday as the EU looks to ramp up sanctions on Russia - which could hurt energy flows on the continents, further pressuring inflation.

LONDON MARKET OPEN: Stocks down as Biden calls for war crimes trial

(Alliance News) - Stocks in London opened lower on Tuesday amid cautious trade as investors continue to track geopolitical developments.