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3 days ago | 
asktraders.com | Sam Boughedda
Cobalt Holdings, a company offering public equity investors direct exposure to the price of physical cobalt, announced Monday that it plans to raise approximately $230 million through a public offering ahead of a planned listing on the London Stock Exchange in June 2025. The company said it will be the only listed firm providing pure-play exposure to cobalt prices without the risks associated with mining or exploration.
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3 days ago | 
asktraders.com | Sam Boughedda
The ITM Power (LON: ITM) share price has jumped more than 11% on Monday morning after the company announced it had been selected as the supplier of over 300MW of electrolysers for a large-scale green hydrogen project. The company explained that the electrolysers will be used to produce green hydrogen for a power plant, helping to contribute to the reduction of carbon emissions.
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3 days ago | 
asktraders.com | Sam Boughedda
Filtronic (LON: FTC) has seen its shares surge over 40% in the past month and gained nearly 125% over the past year, and analysts at Edison now see more room for growth. Following the company’s 6 May trading update, Edison raised its revenue and profit forecasts for FY25 and FY26, citing stronger-than-expected demand and expanded manufacturing capacity.
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1 week ago | 
asktraders.com | Sam Boughedda
Pearson (LON: PSON) shares fell around 2.5% in early Friday trading despite the company reaffirming it remains on track to meet its full-year guidance, following a modest 1% rise in underlying sales for the first quarter. The educational publishing and services group said performance was in line with expectations and forecasted stronger momentum in the second half of the year.
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1 week ago | 
asktraders.com | Sam Boughedda
Citi analysts upgraded Burberry Group (LON: BRBY) shares to a “Buy” rating for the first time in 17 years in a note to clients Thursday, citing growing confidence in the luxury brand’s turnaround prospects. The upgrade, issued by analyst Thomas Chauvet, marks a notable shift in sentiment and helped Burberry shares close around 1% higher in Thursday’s session.
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4 weeks ago | 
asktraders.com | Sam Boughedda
Shares of Dunelm (LON: DNLM) jumped on Thursday after the homewares retailer posted strong third-quarter results and reaffirmed its full-year profit outlook. The stock, at the time of writing, is back above the 1,000p mark, its highest level since February 27, 2025. Dunelm’s total sales for the 13 weeks to 29 March rose 6.3% year-on-year to £462 million, driven by growth across homewares and furniture categories.
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4 weeks ago | 
asktraders.com | Sam Boughedda
Deliveroo (LON: ROO) shares edged around 1.2% higher on Thursday after the food delivery platform reported accelerating order growth and reaffirmed its full-year guidance. In a trading update for the first quarter of 2025, Deliveroo posted a 9% year-on-year rise in gross transaction value (GTV) on a constant currency basis. Meanwhile, orders increased by 7%, building on the momentum seen in Q4 2024. GTV per order rose by 2%.
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4 weeks ago | 
asktraders.com | Sam Boughedda
Sainsbury’s (LON: SBRY) reported its full-year results on Thursday, projecting stable profit for 2025/26, underpinned by strong grocery sales and a resilient balance sheet. The supermarket giant’s shares rose over 3% in early trading following the report, currently trading around the 256p mark. For the 52 weeks to 1 March 2025, retail sales excluding fuel rose 4.2% to £26.6 billion, while underlying retail operating profit increased 7.2% to £1.04 billion.
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4 weeks ago | 
asktraders.com | Sam Boughedda
The Barratt Redrow (LON: BTRW) share price rose modestly on Wednesday after the housebuilder reported a solid trading performance and reiterated its confidence in full-year guidance. The group, formed from the merger of Barratt Developments and Redrow, said private reservation rates excluding multi-unit sales were up 1.6% year-on-year at 0.62 per outlet per week. Total home completions for the period reached 3,717, bringing the year-to-date figure to 10,563.
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4 weeks ago | 
asktraders.com | Sam Boughedda
Bunzl (LON: BNZL) shares dropped more than 25% early on Wednesday after the company cut its 2025 guidance, citing operational issues in North America and a weak start to the year. The FTSE 100 firm reported a 2.6% rise in first-quarter revenue at constant exchange rates, but underlying revenue declined by 0.9%. Adjusted operating profit is said to be down significantly year-on-year, driven by margin pressure in North America and Continental Europe.