Ian Conway

4 weeks ago | sharesmagazine.co.uk | Ian Conway

FY26 retail profit guidance below consensusInvestors cheer buyback and special dividendReaction in sharp contrast to Tesco last weekInvestors in the UK’s second-largest supermarket group Sainsbury’s (SBRY) were treated to a triptych of good news with better-than-expected full-year results, a new £200 million buyback and a special dividend.

1 month ago | sharesmagazine.co.uk | Ian Conway

Find out how to deal online from £1.50 in a SIPP ISA or Dealing account

1 month ago | sharesmagazine.co.uk | Ian Conway

Find out how to deal online from £1.50 in a SIPP ISA or Dealing account

1 month ago | sharesmagazine.co.uk | Ian Conway

Firm blames soft trading in USWorst one-day drop in a decade£2.3 billion wiped off market capInvestors in global distribution and outsourcing group Bunzl (BNZL) received an uncharacteristic negative surprise as the FTSE 100 firm cut its earnings outlook and suspended its share buyback. The shares slumped as much as 826p or 27% before steadying to sit at a three-year low of £23.76, a loss of 702p or 23%, wiping £2.3 billion off the company’s market value.

1 month ago | sharesmagazine.co.uk | Ian Conway

Ongoing weakness in Asian demandSpirits sales especially poor -17%Diageo owns 34% of Moet-HennessyInvestors hoping for a rebound in luxury stocks faced disappointment after France’s LVMH (MC:EPA) posted weaker-than-expected first-quarter sales due mainly to softer demand in Asia. LVMH shares fell €35 or 7% to a four-year low of €495, dragging with them shares in British luxury goods seller Burberry (BRBY), down 28p or 3% to 668p, and Watches of Switzerland (WOSG), down 8p or 2.2% to 354p.