Latest News

Crest Nicholson shares collapse as it cuts revenue guidance


By Dan McGrath

Shares in Crest Nicholson have fallen by 40% after the housebuilder reduced its revenue guidance from a range of £75m to £100m to an expected £40m.

The firm said that since its trading update on 25 March, macro-uncertainty has increased, with the ongoing conflict in the Middle East “contributing to the prospect of a more prolonged higher interest rate environment, renewed cost pressures and a deterioration in consumer confidence”


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ABF announces Primark demerger following review

Associated British Foods (ABF) has decided to proceed with the demerger of its retail business, Primark, from its food division, FoodCo

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British Land marks ‘excellent year’ of leasing

British Land has recorded what it described as an "excellent year for leasing", as its availability for "high-quality space" reached near record lows

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Evoke in talks with Bally’s Intralot over £214m takeover

Evoke has confirmed it is in talks with US casino operator, Bally’s Intralot, over a potential takeover deal valued at £214m, according to AJ Bell.

The offer, which is valued at 50 pence per share, represents a 32% premium on its closing share price on Friday

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Renishaw shares jump as guidance upgraded

Shares in Renishaw have increased by over 5% after the firm increased its revenue and profit guidance for the current financial year

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ATG shares plummet despite ‘good trading’ in H1

Auction Technology Group (ATG) has seen its share price drop by over 10%, despite reporting "good trading and pro forma growth" in the first half of its financial year

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Tesco ‘committed’ to keeping prices down in preliminary results

Tesco has stated that it is committed to doing whatever it can to "help keep down the price of the weekly shop", after its sales increased by 4.6% year-on-year.

The supermarket stated in its preliminary results for the 2025/26 financial year that sales totalled £66.5bn in the year to 28 February, while its operating profit increased by 0.8% to £3.15bn

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easyJet set to post £550m loss in H1

easyJet has stated that it expects to report a headline loss before tax of between £540m and £560m in the first half of the 2026 financial year, despite demand remaining positive in the first half

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UK GDP ‘bounces back’ in February but caution remains

UK gross domestic product (GDP) expanded by 0.5% month-on-month in February, which is the biggest monthly increase in over two years, the Office for National Statistics (ONS) has revealed

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ITM Power shares jump following collaboration announcement

Shares in ITM Power have increased by over a third after the company announced a strategic collaboration with German defence technology group, Rheinmetall

Intertek rejects EQT's £8bn buyout proposal

Intertek has rejected an £7.9bn buyout proposal from Swedish private equity firm, EQT, stating the offer "fundamentally undervalues" the firm and its future prospects
Standard Life acquires Aegon UK in £2bn deal

Standard Life has agreed a deal to acquire Aegon UK for £2bn to create the UK’s largest retirement savings and income business.

The enlarged group will have 16 million customers and assets under administration (AUA) totalling an estimated £480bn
Videndum DB Pension Scheme agrees £43m superfund transfer to Clara Pensions

The trustees of the Videndum defined benefit (DB) Pension Scheme have agreed a deal to transfer the scheme to Clara Pensions, which will see around 500 members and £43m in assets transferred to the Clara Pension Trust


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