Iain Gilbert

3 days ago | lse.co.uk | Iain Gilbert

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on homeware brands specialist Ultimate Products from 130.0p to 80.0p following its Wednesday morning profit warning. Canaccord Genuity said Ultimate Products' trading update flagged that "challenging trading conditions" had continued across H225, resulting in lower FY25 revenue and profit expectations.

3 days ago | lse.co.uk | Iain Gilbert

(Sharecast News) - US mortgage applications increased by 1.10% in the week ended 20 June, according to the Mortgage Bankers Association of America, trimming the prior week's 2.6% drop. Applications to refinance a mortgage rose by 3%, while applications to purchase a home were broadly flat week-on-week. The increase comes despite a four-basis-point increase in benchmark mortgage rates. Reporting by Iain Gilbert at Sharecast.com

3 days ago | sharecast.com | Iain Gilbert

Berenberg said it believes Spire Healthcare to be on track to deliver mid-single-digit revenue growth and £30.0m of cost savings in FY25, which it noted looks "even more credible" after the group announced headcount adjustments in May. The German bank expects revenue growth to be evenly weighted between H1 and H2, including mid-single-digit growth in hospital revenues and high-single-digit growth in primary care.

3 days ago | sharecast.com | Iain Gilbert

Vertu said new car retail like-for-like volume growth came to 7.0%, with the group gaining market share against the UK retail market, which was up 5.6% in the three months ended 31 May. Fleet and commercial vehicle like-for-like sales volume was 3.0% higher.

3 days ago | sharecast.com | Iain Gilbert

ProCook said revenues were up 11% at £69.5m, with like-for-like revenues growing 4.9%, while gross profits increased 11.2% as gross profit margins rose by 10 basis points to 65.8%. Retail revenue was up 10.£% and e-commerce revenue increased by 12.3%. Underlying operating profits were up 51.1% at £3.2m, while underlying EBITDA increased 31.3% to £8.9m and underlying pre-tax profits rose 50.9% to £1.5m.