The Mail 09/08/18 | Vox Markets

The Mail 09/08/18

Horse racing wipes out World Cup gains with earnings expectations lowered by more than £10m

Quilter PLC (QLT) released its maiden set of results as a listed company. Shares crept up 1.02p, to 150.58p as chief executive Paul Feeney hinted it still had more to offer.

hopes to muscle in on the predicted boom in electric vehicles. It has announced a flurry of deals, scooping up Cobalt Blue and Regent Resources Interests which have cobalt-nickel exploration assets in Cameroon and the Ivory Coast. It will pay for the companies using its own shares, meaning the mining professionals behind the two firms will now be shareholders.

InnovaDerma (IDP) was gleaming as it announced Tesco would start selling its new haircare range, Roots. Its shares bubbled up 24p, to 135p as it added the Roots range had also been extended to include heat protection spray, conditioning spray and conditioning mask. Roots has been around for a year and is already stocked in Boots and Superdrug.

Hill & Smith Holdings (HILS) had 25%, or 368p, wiped off the value of its shares, which closed at 1102p. It makes metal items such as road safety barriers, but hit a bump as underlying profit dropped 12% to £33million.

Billionaire boss Mike Ashley earns nothing as he forfeits his salary and bonus

Wincanton (WIN) agrees to pay more to help plug the £221m black hole in its pension fund

Corporate raider Edward Bramson demands a say in picking the next Barclays (BARC) chairman as his assault on the lender continues

Secure Trust Bank (STB) benefits as zero-interest loans offered by shopkeepers surge

Prudential (PRU) – Man from the Pru pockets £340k to pay his mortgage with critics slamming boss’s huge pay as ‘gratuitously provocative’

Investec (INVP) bank shareholders revolt over KPMG’s role in South Africa amid a scandal over its work in the country

Marks & Spencer Group (MKS) customers can now return clothing to food-only stores as the retailer looks to close 100 shops

Shares at Glencore (GLEN) remain weak despite profit surge as corruption probe around work in developing countries continues

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Mentioned in this post

BARC
Barclays
GLEN
Glencore
HILS
Hill & Smith Holdings
IDP
InnovaDerma
INVP
Investec
MKS
Marks & Spencer Group
PRU
Prudential
QLT
Quilter PLC
STB
Secure Trust Bank
WIN
Wincanton