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...The pair sold a total of 7mn shares in the placing at 450p a share....
...Across Europe’s mid-market, exits fell to their lowest level in a decade....
...Shares trade on a forward price/earnings ratio of 9.3 times, compared with a five-year average of 15.8 times....
...This was driven by a strong performance in the US, where sales increased by more than a fifth to become the company’s biggest market....
...BUY: Trainline (TRN) The digital ticket group enjoyed a robust set of results in the face of recent regulatory fears, writes Christopher Akers....
...StanChart shares rose on the morning of its annual results last month, when it announced a 50 per cent dividend hike and a $1bn (£787mn) share buyback programme....
...It now has a price target of $100 for the stock, which would generate a 21.6 per cent return on Fearon’s purchase if met....
...BUY: Kitwave (KITW) Acquisitions and organic growth were behind the robust performance, writes Christopher Akers....
...A separate float of shares in its Ugandan business on that country’s exchange also proved a flop, with less than 55 per cent being taken up by investors....
...HOLD: Card Factory (CARD) The company is making headway towards reiterated medium-term goals, writes Christopher Akers. There is life in the high street birthday cards model yet....
...Rent as a proportion of revenue fell to 4.4 per cent in the company’s latest half. The board has a “conservative” target of 600 Lounges and 65 Cosy Clubs....
...BUY: Associated British Foods (ABF) Progress is being made across divisions as supply chain problems recede, writes Christopher Akers....
...Christopher Akers is a senior reporter at Investors Chronicle Follow FTWeekend on Instagram and X, and subscribe to our podcast Life and Art wherever you listen...
...The FT’s Michael Stott has been looking into the issue and he joins me now. Hi, Michael. Michael StottHi, Marc. Marc FilippinoMichael, can you set the scene for us?...
...SELL: Marshalls (MSLH) The company is less confident about the path of a housing and construction market recovery, writes Christopher Akers....
...BUY: Hilton Food (HFG) Difficulties in the vegetarian and vegan markets continue to blight the food packing business, writes Christopher Akers....
...Year-on-year revenues rose 8 per cent in the quarter to £2.04bn, with gaming revenues climbing by over a quarter and offsetting the weakness in sports....
...More recently, it announced a licensing deal with a Chinese company for a trial-stage weight loss pill — showing that it’s also keen to compete in the thriving obesity drug market....
...HOLD: InterContinental Hotels Group’s (IHG) The company launched a new share buyback programme and raised its dividend as leisure travel demand remains strong, writes Christopher Akers....
...Revenues reached a record $6.9bn (£5.7bn) in the three months to August 31 as booking volumes were up by about a fifth on the pre-pandemic rate....
...Michael Gove, the UK levelling-up secretary, has intervened to halt a decision on plans to redevelop a commercial port in south-east England after a warning by steel group ArcelorMittal....
...HOLD: JD Wetherspoon (JDW) Sales growth rates have outperformed the market for almost a year and a half, writes Christopher Akers....
...BUY: Games Workshop (GAW) While the retailer’s valuation remains pricey, this has fallen from fantasy levels of recent years, writes Christopher Akers....
...There are fears, despite a statement from the former emphasising that the deal was driven by a desire to resolve a succession problem at the top of Bucherer, that Rolex could sell directly to consumers and...
...The owner of the B&Q DIY brand has been through a fair few renovations itself, as a series of new leaders have moved into and out of various territories....
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