Michele Maatouk

Reporter at Sharecastcom

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Articles

London midday: Stocks stay down but FTSE outperforms European peers

6 days ago | sharecast.com | Michele Maatouk

London stocks were still weaker by midday on Tuesday as investors mulled the latest developments in the conflict between Israel and Iran, after US President Trump urged Iranians to evacuate Tehran and insisted had not reached out to the country for peace talks.
New B&M CEO Jegen buys more than half a million pounds worth of shares

6 days ago | sharecast.com | Michele Maatouk

Tjeerd Jegen, who took on the role of CEO on Monday, bought 197,900 shares for £523,559.60. The transactions were made between 10 and 13 June. Russ Mould, investment director at AJ Bell, said: "B&M’s new chief executive Tjeerd Jegen has aligned himself with shareholders’ interests after spending more than half a million of pounds on shares in the value retailer. "It sends a positive signal to the market that he’s serious about turning the business around.
RC Fornax FY to be 'significantly below' market views, shares tumble

6 days ago | sharecast.com | Michele Maatouk

The company - a consultancy delivering engineering solutions to the defence sector - noted that 62 recommendations were made in the SDR and the government has said it will implement all of them. It said this provides a strong backdrop for potential future demand for its services, and that since publication of the SDR, it has seen a marked increase in customer engagement.
London open: FTSE falls as Israel-Iran conflict continues

6 days ago | sharecast.com | Michele Maatouk

At 0845 BST, the FTSE 100 was down 0.6% at 8,822.87. Neil Wilson, UK investor strategist at Saxo Markets, said: "After rallying on Monday on hopes that the Israel and Iran conflict would remain contained, stock markets have lurched lower again on Tuesday after US President Trump left early from the G-7 summit in Banff and told Iran to evacuate Tehran, signalling potential escalation of the conflict. Trump said he left the summit early due to something ‘much bigger’ than discussing a ceasefire.
Asos appoints Aaron Izzard as CFO

6 days ago | sharecast.com | Michele Maatouk

Izzard succeeds Dave Murray, who will be stepping down as CFO to pursue other opportunities. He will remain with the company for a handover period to ensure a smooth transition, Asos said. The online fashion retailer said the transition reflects its "evolution as it moves from a successful financial turnaround into a phase of sustained operational execution and long-term strategic growth".
London pre-open: Stocks to slump as Israel-Iran conflict continues

6 days ago | sharecast.com | Michele Maatouk

The FTSE 100 was called to open down around 50 points. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said: "Stocks in Europe and the US rallied as oil and gold retreated yesterday on news that Iran is willing to resume talks on its nuclear program.
Tuesday newspaper round-up: UK-US trade deal, Oxford Street, TSB

6 days ago | sharecast.com | Michele Maatouk

Sadiq Khan has said he will pedestrianise Oxford Street “as quickly as possible”, after two in three respondents to a public consultation backed plans to ban traffic from London’s central shopping area. The mayor’s office said there was “overwhelming public and business support” for the proposals to regenerate the street, whose lustre is slowly returning as department stores muscle back among the sweet and souvenir shops of dubious repute.
FTSE 100 movers: Entain jumps on BetMGM guidance upgrade

1 week ago | sharecast.com | Michele Maatouk

London’s FTSE 100 was up 0.4% at 8,888.02 in afternoon trade on Monday. Entain was the top gainer on the index as the gambling and sports betting group upgraded its guidance for BetMGM following a strong first half from the US division. The company, which owns a 50% share of BetMGM with MGM Resorts, said net revenue growth in the second quarter so far was consistent with the 34% year-on-year surge seen in the first three months of the year.
London midday: FTSE extends gains as markets resilient amid Mideast tensions

1 week ago | sharecast.com | Michele Maatouk

The FTSE 100 was 0.4% firmer at 8,889.19. Russ Mould, investment director at AJ Bell, said: "European shares were surprisingly resilient against a backdrop of uncertainty. "Helping to prop up FTSE 100 was continued strength in oil prices as tensions remained high in the Middle East. Crude oil rose 1.1% to $72 per barrel, driving shares in FTSE heavyweights BP and Shell and taking the broader market upwards in the process.
Berenberg downgrades Energean to ‘hold’ as regional risks intensify

1 week ago | sharecast.com | Michele Maatouk

The company confirmed on 13 June that it had been ordered by the Ministry of Energy and Infrastructure to halt production from its Karish gas field, 90km offshore Israel. The partners of Leviathan, Israel’s largest gas field, were also ordered to stop production. Berenberg said Energean expects regular updates from the Ministry and will update the market in due course, but it is not clear at this stage how long the Karish shut-in is expected to last.