Berenberg said the Rheinmetall collaboration centres on a different use case to traditional green‑hydrogen applications, with a focus on energy security for armed forces rather than decarbonisation. It stated green fuels offered a resilient alternative to diesel and kerosene in defence and other mi…
Citi downgraded easyJet to ‘neutral’ from ‘buy’ but lifted the price target to 580p from 500p. It noted that the easing of war concerns and interest from Castlelake have seen the shares rise 75% since their mid-May lows."Completion of a takeover could offer another 20- 25%, though this alone is not…
Like-for-like sales excluding food in the in the 16 weeks to June 20 rose 2.1%, down from the previous quarter’s 3.1% and estimates of 2.7%.The company still expects to deliver total underlying operating profit of between £975m - £1.075bn and retail free cash flow of more than £500m.Grocery sales r…
The FTSE 250 firm, which provides holidays and insurance for the over 50s, said overall trading in the travel division had been strong in the first four months of the year, to 26 June.Interim ocean cruises revenue is expected to be up year-on-year, on the back of 13% growth in booked per diems and…
Maersk said underlying earnings were now expected to come in between $8bn and $10bn in FY26, up from its prior range of $4.5bn to $7bn.Freight rates have surged over the past week as companies move to secure inventory from China before the Trump administration imposes a new round of tariffs from la…
Price-adjusted retail sales rose 1.1% last month after a 0.4% decline in April, according to figures from Destatis, surprising economists who had pencilled in a 0.1% fall. This was the biggest monthly increase since June 2025.That represented a 1.8% increase over May 2025, compared with the 0% annu…
The official manufacturing purchasing managers’ index rose to 50.3 from 50.0 in May, coming in a touch ahead of market expectations for a reading of 50.1.A reading above 50.0 indicates expansion, while a reading below signals contraction.The non-manufacturing PMI, which covers construction and serv…
Chemring said Håøy will take up the role on 1 July, succeeding Sarah Ellard, who has chaired Chemring Nobel since 2019 and plans to retire from Chemring Group in 2027.The appointment comes as Chemring Nobel enters what it described as its most significant growth phase in decades, with the business…
IWG said the move was being carried out under authority granted at its AGM on 19 May, covering up to 145.91m ordinary shares. After purchases already made since the meeting, the maximum number of shares the company may still buy under that authority stands at 138.23m.The move follows the first tran…
Growth was driven by an increase in all three sectors, the ONS said, with the largest contribution from the services sector, which grew 0.8%.Liz McKeown, director of economic statistics at the ONS, said: "Services were the main driver of growth in the latest quarter, with strengths in computer prog…
STOCKS TO WATCHUK supermarket chain Sainsbury's held annual guidance despite slower first quarter sales as the war in Iran and Lebanon continued to cause uncertainties for customers. Like-for-like sales in the in the 16 weeks ended 20 June rose 2.1%, down from the previous quarter's 3.1% and short…
All-night slot machine shops and casinos could face a £460m tax rise if Andy Burnham acts on his concerns about the gambling industry as prime minister, after an influential thinktank found the policy would have public support. Known by some in the gambling sector as “slot sheds”, adult gaming cent…
The BRC-NIQ shop price index showed that shop price inflation was unchanged versus May at 1.2% year-on-year in June. This was above the three-month average of 1.1%.Meanwhile, food inflation fell to 2.4% in June from 2.7% in May, while non-food inflation increased to 0.6% from 0.5%.Fresh food inflat…
As far as the Sainsbury’s update is concerned, UBS said it’s looking for Q1 grocery growth of around 3.5%, in line with consensus and reflecting weaker industry data driven by weather, disinflation and stabilising improving competitors.”The bank said it expects the longer 16-week period to benefit…
Canaccord Genuity said the new deal expands Smiths News's footprint with ANL to full national coverage from January 2028 and extends their partnership through to July 2037, giving the group strong long‑term revenue visibility. Smiths News expects the agreement to generate around £105m of incrementa…
In his first major policy speech since being re-elected to parliament at the Makerfield by-election, Burnham set out his aims and objectives, with a focus on devolving power away from London and giving local regions more autonomy.Bond yields fell slightly after Burnham said he wanted devolution “ba…
Rocket Lab is a space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Its Electron rocket is the world's most frequently launched orbital small rocket, while the company’s HASTE rocket provides hyper…
The Ministry of Defence had been exploring replacing the ageing Type 45 with the Type 83, an experimental vessel that is still at concept phase. Defence contractor Babcock International had been one of the candidates bidding to build it.However, the MoD confirmed that it was instead opting for six…
Baxter, who joined the board of Genus in November 2025, purchased the shares on Friday at an average price 2,139.51p each, for a total value of £49,979.As of 1530 BST, Genus shares were down 0.56% at 2,146p.Reporting by Iain Gilbert at Sharecast.comTop Director BuysRosebank Industries Npv LSE:ROSED…
Berenberg said all three divisions - components, power and systems — had posted revenue and profit growth, underlining a "robust" performance across the group. Components revenue rose 8.1%, supported by design wins in the UK and US and improved conditions across industrial, defence and medical mark…
