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Telecom Plus shares fall 30% on five-year growth plan


By Goran Nastic

Telecom Plus, which trades as Utility Warehouse, has unveiled a five-year strategy aimed at more than doubling its multi-service customer base to over one million by FY31, supported by a significant investment programme that has spooked shareholders.

The company, best known as the UK’s only multi-utility service provider, bundling energy, broadband, mobile and insurance into a single monthly bill, plans to invest around £55m annually through the profit and loss account to achieve its target


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Ramsdens agrees to £203m takeover from FirstCash

Ramsdens has agreed to a £203m acquisition offer from the US pawn store operator, FirstCash

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Severfield losses deepen amid pricing pressure and project delays

Steel maker Severfield reported a wider annual loss and withheld its dividend after competitive pricing, delays to project awards and weaker activity across parts of its core markets weighed on profitability

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Filtronic shares drop following positive trading update

Shares in Filtronic dropped by over 11% despite the group announcing a second contract win, worth £400,000, with a pre-existing US-based customer

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Starmer announces resignation as PM and Labour Party leader

Keir Starmer has announced his resignation as PM and leader of the Labour Party.

He said every decision he has made in office has been about "putting the country I love first"

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Castlelake not giving up on easyJet with new £4.7bn offer

Castlelake continues to circle around easyJet, taking its latest offer directly to shareholders after the airline's board rejected a third bid valuing the company at £4.7bn.

"Following the rejection of three proposals by the easyJet Board, and given its unwillingness to engage meaningfully, Castlelake is announcing this third proposal to enable easyJet shareholders to consider its merits and provide their views on the third proposal to the easyJet Board," Castlelake said in a statement

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Babcock shares drop as it reaffirms mid-term guidance

Babcock International has seen its share price fall by over 5% after it reiterated its medium-term guidance in its full-year results

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Asda FY25 losses near £1bn

Asda’s losses widened sharply in 2025 as aggressive price reductions, restructuring costs and falling sales pushed the supermarket deeper into the red during the early stages of its turnaround plan.

The UK’s third-largest supermarket reported a pre-tax loss of £989m for the year, up 65% from a £599m loss in 2024 and one of the company’s largest annual losses in recent history

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eEnergy shares plunge following guidance downgrade

Energy solutions provider eEnergy Group has seen shares tumble by almost 40% after the company downgraded its financial guidance for FY2026 when a review of its sales pipeline found previously expected opportunities had been overstated

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PPHE shares fall as Fattal talks end

Shares in PPHE Hotel Group have fallen by over 16% after the firm confirmed that acquisition talks with the Israeli hotel group, Fattal, have closed

Intertek agrees to £10.7bn acquisition offer from EQT

Intertek has agreed to a takeover offer from the Swedish private equity firm, EQT, for an enterprise value of £10.7bn.

The offer for the FTSE 100 product testing and certification company comprises £60 in cash per Intertek share and £1.07 as a final dividend payment
Tesco growth slows following ‘exceptionally strong’ prior year

Tesco has recorded 1% year-on-year sales growth in the 13 weeks to 30 May, totalling £16.8bn
Marks Electrical revenue and profits fall in challenging year

Marks Electrical reported lower revenue and earnings for the year to 31 March despite an improved second half performance


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