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Pin to quick picksMattioli Woods Share News (MTW)

Share Price Information for Mattioli Woods (MTW)

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Share Price: 788.00
Bid: 786.00
Ask: 790.00
Change: 2.00 (0.25%)
Spread: 4.00 (0.509%)
Open: 789.00
High: 789.00
Low: 788.00
Prev. Close: 786.00
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LONDON MARKET CLOSE: Europe mixed but US stocks up after nonfarms

Fri, 08th Mar 2024 16:56

(Alliance News) - Stocks in London closed mixed on Friday, though trade was more confident in New York, on the back of a favourable US jobs report.

The FTSE 100 index ended down 32.72 points, 0.4%, at 7,659.74. The FTSE 250 edged up 17.80 points, 0.1%, at 19,601.78, and the AIM All-Share added 2.66 points, 04%, at 740.56.

For the week, the FTSE 100 lost 0.3%, while the FTSE 250 surged 1.3%. The AIM All-Share fell 0.1%.

The Cboe UK 100 ended down 0.5% at 767.43, the Cboe UK 250 rose 0.1% at 16,980.18, and the Cboe Small Companies added 0.4% at 14,812.61.

In European equities on Friday, the CAC 40 in Paris ended up 0.2%, but the DAX 40 in Frankfurt closed down 0.2%.

The pound was quoted at USD1.2860 late on Friday in London, higher compared to USD1.2793 at the equities close on Thursday. Sterling had traded at its best level since July, spiking to USD1.2891.

The euro stood at USD1.0949, up against USD1.0934. Against the yen, the dollar was trading at JPY147.21, lower compared to JPY148.09.

According to the Bureau of Labor Statistics, nonfarm payroll employment rose by 275,000 in February, picking up speed from a 229,000 increase in January. January's figure was downwardly revised by some degree from an initially reported 353,000. December's figure, meanwhile, was lowered to 290,000 from 333,000.

In total, nonfarm payrolls for December and January were in total 167,000 lower than previously reported.

For February, the figure topped the FXStreet-cited consensus of 200,000.

"Today's US payrolls report was undeniably soft, and one that should convince markets that the first Federal Reserve interest rate cut is just around the corner. While we saw a sizeable 75,000 upside surprise to the February job creation number, this was more than negated by the sharp 124,000 downward revision to the January number," said Ebury analyst Matthew Ryan.

The data helped cement expectations of a June interest rate cut by the Federal Reserve. According to the CME FedWatch Tool, there is a 79% chance the central bank cuts rates at the June meeting, a day earlier, that likelihood was predicted to be around 74%.

The data came after Federal Reserve Chair Jerome Powell told lawmakers in Washington that the US central bank "can and will" begin cutting interest rates this year if current economic trends continue.

"What we're seeing is continued strong growth, strong labour market and continuing progress in bringing inflation down," Powell told the US Senate Banking Committee on the second day of hearings on Capitol Hill on Thursday.

He added that the Fed intends to begin cutting its key lending rate over the course of this year "if the economy evolves over that path."

The federal funds rate range is currently at 5.25%-5.50%. The Fed's next interest rate decision is on March 20.

Gold hit another record high in the wake of the data, climbing to USD2,185.36 an ounce. It eased to USD2,174.74 an ounce at the London equities close, though still up from USD2,155.87 at the same time on Thursday.

"It appears that the price of gold is poised to record a third consecutive weekly gain after reaching levels of USD2,170 during Friday's trading. This comes amid escalating geopolitical tensions, a decline in US Treasury yields, and increasing expectations that the Federal Reserve is approaching an interest rate cut," XS.com analyst Rania Gule commented.

"From my perspective, the rise in gold prices indicates that cautious comments from Federal Reserve Chair Powell have boosted investor confidence in imminent interest rate cuts. Expectations for a Fed interest rate cut in the June policy meeting remain firm. It is anticipated that the interest rate will remain unchanged within the range of 5.25%-5.50% in the March and May policy meetings."

Brent oil was quoted at USD81.72 a barrel late in London on Friday, down from USD82.80 late Thursday.

In London, Mondi lost 1.7%, while DS Smith added 5.2%.

Mondi and its packaging peer DS Smith have reached an agreement in principle that will see Mondi take over DS Smith in a proposed all-share deal.

In a statement dated Thursday, but was released on Friday, Mondi said the possible merger, which would create a company worth more than GBP10 billion, is subject to regulatory clearance and mutual confirmatory due diligence.

Mondi shareholders would own 54%, while their DS Smith counterparts would hold 46%.

Analysts at Jefferies commented: "In our view, the strategic rationale is compelling for this combination. While we await a firm synergy target, we estimate EUR300 million."

Elsewhere in M&A, Mattioli Woods jumped 32% after it accepted a GBP432 million takeover offer from Pollen Street Capital funds.

Mattioli is a Leicester, England-based specialist wealth and asset management business, whilst Pollen Street is a London-based asset manager.

Mattioli Woods shareholders will receive 804p in cash. This represents a 34% premium to the closing price of 600p per share on March 7.

Pollen Street shares fell 1.1%.

On AIM, MC Mining jumped 10% after it received a more favourable takeover bid. It got a takeover proposal from Vulcan Resources, owner and operator of the Moatize coal mine in Mozambique.

Vulcan offered between AUD0.17 and AUD.20 per MC Mining share, valuing the AIM listing's equity between AUD69.34 million and AUD81.58 million, around GBP35.9 million to GBP42.2 million.

MC Mining said the Vulcan proposal does not constitute a formal offer, but it noted the price is loftier than that proposed by Goldway Capital Investments last month.

MC Mining urged its stakeholders to reject the February takeover bid from Goldway, which offered AUD0.16 for each MC Mining share, valuing the company at AUD65.3 million.

Just Group shot up 14%.

In 2023, Just Group reported insurance revenue of GBP1.56 billion in 2023, up 17% from GBP1.33 billion in 2022.

The net investment result came to GBP273 million, swung from a loss of GBP454 million, while its insurance service result was GBP118 million, up from a restated GBP99 million.

Pretax profit was GBP172 million last year, swung from a loss of GBP494 million in 2022.

Reflecting on the year, Just Group explained that strong demand for its products had created the opportunity "to write a greater volume of new business at an efficient capital strain".

Panmure Gordon suggested "either the share price will materially increase in the next 12 months or Just Group will be acquired".

The broker said the recently rebuffed offer for Direct Line Insurance Group by Ageas highlights the "attractiveness" of UK insurance assets, albeit in a different sector.

"In our view investors should buy before bye bye," the broker concluded.

Monday's economic calendar has a Japanese gross domestic product reading overnight. Over the weekend, there is a Chinese inflation reading.

Monday's local corporate calendar has HgCapital Trust's annual results.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
7 Feb 2023 09:55

Mattioli Woods hails 'resilient' performance as H1 profits rise

(Sharecast News) - Wealth and asset management business Mattioli Woods hailed a "resilient" performance on Tuesday as it posted a rise in first-half profits.

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7 Feb 2023 08:54

Canaccord Genuity lowers target price on Mattioli Woods

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on wealth management firm Mattioli Woods to 830.0p from 850.0p on Tuesday despite the group's "robust" interim results.

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31 Jan 2023 15:46

UK earnings, trading statements calendar - next 7 days

Wednesday 1 February 
Entain PLCTrading Statement
FDM Group Holdings PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
GSK PLCFull Year Results
Restore PLCTrading Statement
UK Commercial Property REIT LtdTrading Statement
Virgin Money UK PLCTrading Statement
Vodafone Group PLCTrading Statement
Wynnstay Grou PLCFull Year Results
Thursday 2 February 
Airtel Africa PLCQ3 Results
Anglo American PLCTrading Statement
BT Group PLCQ3 Results
Cranswick PLCTrading Statement
ICG Enterprise Trust PLCQ3 Results
Jadestone Energy PLCTrading Statement
JTC PLCTrading Statement
NCC Group PLCHalf Year Results
Renishaw PLCHalf Year Results
ScS Group PLCTrading Statement
Shell PLCFull Year Results
Friday 3 February 
no events scheduled 
Monday 6 February 
BlackRock Throgmorton Trust PLCFull Year Results
Brown Advisory US Smaller Cos PLCHalf Year Results
Tuesday 7 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Feedback PLCHalf Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
SSE PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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5 Jan 2023 14:59

Mattioli Woods reports 'resilient' first half of trading

(Sharecast News) - Wealth and asset management specialist Mattioli Woods said in an update on Thursday that it was expecting first-half revenue to have risen 10% to £54.9m.

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5 Jan 2023 09:15

Mattioli Woods says revenue is up, outlook in line with expectations

(Alliance News) - Mattioli Woods PLC on Thursday said half-year revenue is up and its full-year outlook remains in line with expectations.

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5 Jan 2023 07:57

LONDON BRIEFING: Next, Greggs and B&M saw festive cheer

(Alliance News) - Stocks in London are set to open lower on Thursday in the wake of Federal Open Market Committee meeting minutes released on Wednesday.

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28 Oct 2022 10:08

IN BRIEF: Mattioli Woods assets fall amid market volatility

Mattioli Woods PLC - Leicester-based asset manager - Assets under management in the first four months of its financial year 2023 that started June 1 fall. AuM are down 7.3% to GBP4.7 billion, as the firm cites economic and political uncertainties' influence on investor confidence and market stability. Gross AuM as at May 31 stood at GBP5.10 billion in comparison. The company confirms proposing a 17.8 pence final dividend for year ended May 31 at Friday's annual general meeting as announced in September, up 32% from 13.5p a year prior. Takes total payout to 26.1p, up from 21.0p. Looking forward, Chair David Kiddie says: "We will continue to seek to understand our clients' needs and provide quality solutions, maintaining our focus on client service and continuing to adapt our business model to the changing market. We remain positive about the group's growth prospects given our resilient operating model and remain committed to delivering our strategy."

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27 Oct 2022 16:23

UK dividends calendar - next 7 days

Friday 28 October 
abrdn Latin American Income Fund Ltddividend payment date
abrdn Private Equity Opportunities Trust PLCdividend payment date
abrdn Smaller Companies Income Trust PLCdividend payment date
abrdn UK Smaller Companies Growth Trust PLCdividend payment date
AG Barr PLCdividend payment date
Computacenter PLCdividend payment date
Essentra PLCdividend payment date
Fidelity European Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Gresham House PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
Hipgnosis Songs Fund Ltddividend payment date
Hunting PLCdividend payment date
Kainos Group PLCdividend payment date
Keywords Studios PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Mears Group PLCdividend payment date
North American Income Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Petershill Partners PLCdividend payment date
Rightmove PLCdividend payment date
RIT Capital Partnersdividend payment date
Ruffer Investment Co Ltddividend payment date
Safestyle UK PLCdividend payment date
Securities Trust of Scotland PLCdividend payment date
Shires Income PLCdividend payment date
Smart Metering Systems PLCdividend payment date
Smurfit Kappa Group PLCdividend payment date
Ten Entertainment Group PLCdividend payment date
Unite Group PLCdividend payment date
Value and Indexed Property Income Trust PLCdividend payment date
Videndum PlCdividend payment date
Monday 31 October 
Aquila Energy Efficiency Trust PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
European Assets Trust PLCdividend payment date
Life Science REIT PLCdividend payment date
Lowland Investment Company PLCdividend payment date
Tuesday 1 November 
DS Smith PLCdividend payment date
F&C Investment Trust PLCdividend payment date
Mercantile Investment Trust PLCdividend payment date
WPP PLCdividend payment date
Wednesday 2 November 
HSS Hire Group PLCdividend payment date
Thursday 3 November 
Ashmore Group PLCex-dividend payment date
Axiom European Financial Debt Fund Ltdex-dividend payment date
Bloomsbury Publishing PLCex-dividend payment date
Burford Capital Ltdex-dividend payment date
Dunedin Enterprise Investment Trust PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
EMIS Group PLCdividend payment date
European Opportunities Trust PLCex-dividend payment date
Hammerson PLCdividend payment date
Hilton Food Groupex-dividend payment date
Impact Healthcare REIT PLCex-dividend payment date
Invesco Asia Trust PLCex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Manchester & London Investment Trust PLCex-dividend payment date
Mattioli Woods PLCdividend payment date
Me Group International PLCdividend payment date
New Star Investment Trust PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
Renishaw PLCex-dividend payment date
Ricardo PLCex-dividend payment date
S&U PLCex-dividend payment date
Schroder BSC Social Impact Trust PLCex-dividend payment date
Schroder Japan Growth Fund PLCex-dividend payment date
Shoe Zone PLCspecial dividend date
Starwood European Real Estate Finance Ltdex-dividend payment date
SThree PLCex-dividend payment date
STV Group PLCdividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
TheWorks.co.uk PLCex-dividend payment date
Tritax Big Box REIT PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

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21 Oct 2022 15:44

UK shareholder meetings calendar - next 7 days

Monday 24 October 
Echo Energy PLCGM new ordinary shares conversion
Fintech Asia LtdAGM
Rural Broadband Solutions PLCEGM investment from Tiger Infrastructure Partners Fund and name change
Seraphim Space Investment Trust PLCAGM
Vast Resources PLCGM allotment of equity securities
Tuesday 25 October 
Hammerson PLCGM re proposed capital reduction
International Consolidated Airlines Group SAEGM 
Next Fifteen Communications Group PLCGM cash and share acquisition
Rio Tinto PLCGM re China Baowu Steel Group deal
Tritax EuroBox PLCGM Investment Management Agreement
Vertu Capital LtdGM readmission of ordinary shares
Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Woolworths Group LtdAGM
Thursday 27 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
15 Sep 2022 15:57

UK dividends calendar - next 7 days

Friday 16 September 
4imprint Group PLCdividend payment date
abrdn Asia Focus PLCdividend payment date
Baillie Gifford UK Growth Trust PLCdividend payment date
Barclays PLCdividend payment date
Clarkson PLCdividend payment date
Currys PLCdividend payment date
Halfords Group PLCdividend payment date
IMI PLCdividend payment date
LSL Property Services PLCdividend payment date
Montanaro European Smaller Companies Trust PLCdividend payment date
NatWest Group PLCdividend payment date
NatWest Group PLCspecial dividend date
Pershing Square Holdings Ltddividend payment date
Redcentric PLCdividend payment date
Spirent Communications PLCdividend payment date
TI Fluid Systems PLCdividend payment date
Vesuvius PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 19 September 
no events scheduled 
Tuesday 20 September 
Capital & Counties Properties PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
Hiscox Ltddividend payment date
IP Group PLCdividend payment date
London Stock Exchange Group PLCdividend payment date
Quilter PLCdividend payment date
Scottish American Investment Company PLCdividend payment date
Wednesday 21 September 
OSB Group PLCdividend payment date
Domino's Pizza Group PLCdividend payment date
Thursday 22 September 
abrdn Equity Income Trust PLCdividend payment date
abrdn Private Equity Opportunities Trust PLCex-dividend date
BlackRock Energy & Resources Income Trust PLCex-dividend date
Brooks Macdonald Group PLCex-dividend date
Chelverton UK Dividend Trust PLCex-dividend date
Crest Nicholson Holdings PLCex-dividend date
Essentra PLCex-dividend date
Fidelity European Trust PLCex-dividend date
Forterra PLCex-dividend date
FRP Advisory Group PLCex-dividend date
Gamma Communications PLCex-dividend date
Gateley Holdings PLCex-dividend date
Glencore PLCdividend payment date
Hargreaves Lansdown PLCex-dividend date
Harworth Group PLCex-dividend date
HgCapital Trust PLCex-dividend date
IG Group Holdings PLCex-dividend date
JTC PLCex-dividend date
Kenmare Resources PLCex-dividend date
Mattioli Woods PLCex-dividend date
Mid Wynd International Investment Trust PLCex-dividend date
Old Mutual Ltdex-dividend date
Palace Capital PLCex-dividend date
Provident Financial PLCdividend payment date
Redrow PLCex-dividend date
Rio Tinto PLCdividend payment date
Sabre Insurance Group PLCdividend payment date
SSE PLCdividend payment date
STV Group PLCex-dividend date
TT Electronics PLCex-dividend date
Videndum PCCex-dividend date
Walker Crips Group PLCex-dividend date
XPS Pensions Group PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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13 Sep 2022 14:26

IN BRIEF: Mattioli Woods hikes annual dividend as profit jumps 57%

Mattioli Woods PLC - Leicester-based asset manager - Posts higher full-year profit on the back of increased revenue. Pretax profit in the year to May 31 climbs 57% to GBP8.0 million from GBP5.1 million a year prior. Revenue surges 73% to GBP108.2 million from GBP62.6 million.

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13 Sep 2022 11:50

Mattioli Woods hikes dividend after solid year of trading

(Sharecast News) - Specialist wealth and asset manager Mattioli Woods reported total client assets of £14.9bn in its final results on Tuesday, up 23.1% year-on-year.

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13 Sep 2022 10:55

IN BRIEF: Custodian REIT buys distribution facility for GBP11 million

Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys a 91,955 square feet distribution facility located between Glasgow and Edinburgh for GBP11.1 million. It has a net initial yield of 5.3%. The property is on the Eurocentral industrial estate at Junction 7 of the M8 motorway. It is fully let to distribution company Gist Ltd, with five years remaining on the lease, producing a yearly rent of GBP623,160. Funds the acquisition through its existing debt facilities.

Read more
6 Sep 2022 15:53

UK earnings, trading statements calendar - next 7 days

Wednesday 7 September 
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Equals Group PLCHalf Year Results
Halfords Group PLCTrading Statement
M Winkworth PLCHalf Year Results
M&C Saatchi PLCHalf Year Results
Malin Corp PLCHalf Year Results
Petropavlovsk PLCHalf Year Results
Somero Enterprises IncHalf Year Results
Tissue Regenix Group PLCHalf Year Results
Verici Dx PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 8 September 
Arecor Therapeutics PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Chaarat Gold Holdings LtdHalf Year Results
Curtis Banks Group PLCHalf Year Results
Darktrace PLCFull Year Results
Destiny Pharma Holdings PLCHalf Year Results
Duke Royalty LtdFull Year Results
Emis Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
International Public Partnerships LtdHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
M Winkworth PLCHalf Year Results
Oakley Capital Investments LtdHalf Year Results
Open Orphan PLCHalf Year Results
Restaurant Group PLCHalf Year Results
Safestore Holdings PLCQ3 Results
Severfield PLCFull Year Results
Shield Therapeutics PLCHalf Year Results
SourceBio International PLCHalf Year Results
Spire Healthcare Group PLCHalf Year Results
Sylvania Platinum LtdFull Year Results
Vistry Group PLCHalf Year Results
Friday 9 September 
Computacenter PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Mid Wynd International Investment Trust PLCFull Year Results
Monday 12 September 
ABCAM PLCHalf Year Results
Arcontech Group PLCFull Year Results
Associated British Foods PLCFull Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Kape Technologies PLCHalf Year Results
Made Tech Group PLCFull Year Results
MP Evans Group PLCHalf Year Results
SigmaRoc PLCHalf Year Results
Tirupati Graphite PLCFull Year Results
Tuesday 13 September 
accesso Technology Group PLCHalf Year Results
Churchill China PLCHalf Year Results
Corero Network Security PLCHalf Year Results
Engage XR Holdings PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Fevertree Drinks PLCHalf Year Results
Futura Medical PLCHalf Year Results
Gateley Holdings PLCFull Year Results
Harworth Group PLCHalf Year Results
HeiQ PLCHalf Year Results
JTC PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Ocado Group PLCTrading Statement
Oxford Nanopore Technologies PLCHalf Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
RBG Holdings PLCHalf Year Results
Smart Metering Systems PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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7 Jul 2022 16:48

TRADING UPDATES: Michelmersh Brick, Mattioli Woods on-track for growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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