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FTSE 100 Live: UK Sheds Most Jobs Since Pandemic

FTSE 100 Live: UK Sheds Most Jobs Since Pandemic

Bloomberg10-06-2025

Real pay growth also remains positive, at 1.4% for regular pay and 1.5% for total pay including bonuses in the three months to April.
That is a slowdown on the previous period, the ONS said.

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Facilities by ADF Full Year 2024 Earnings: EPS Misses Expectations
Facilities by ADF Full Year 2024 Earnings: EPS Misses Expectations

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Facilities by ADF Full Year 2024 Earnings: EPS Misses Expectations

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This dividend stock's yielding 5.5% but its directors have sold nearly 15m shares this month!
This dividend stock's yielding 5.5% but its directors have sold nearly 15m shares this month!

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time44 minutes ago

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This dividend stock's yielding 5.5% but its directors have sold nearly 15m shares this month!

Brickability Group's (LSE:BRCK) a distributor of construction materials (not just bricks) and has built (excuse the pun) a reputation as a dividend stock. And with earnings growing strongly I'm sure shareholders will be hopeful that its payout will continue to rise. On 24 April, the group released a pre-close trading update stating that revenue for the year ended 31 March (FY25) is expected to be 7% higher than in FY24. Also, adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) is forecast to be 11% better. Some of the improvement is due to its specialist cladding and fire remediation division delivering projects ahead of schedule. This is a shift of turnover between accounting periods rather than new business. But the group said there was 'good momentum in trading' more generally. Within a week of this announcement, the group's share price had risen 15.5%. But its shares are now changing hands for only fractionally more than before the news was released. It means nearly all of the benefit to shareholders from its FY25 results being ahead of expectations has been lost. So what's going on? A quick look at the company's other stock exchange announcements is revealing. On 13 June, Alan Simpson, a non-executive director (NED), and Sarah Simpson, a close associate, reduced their combined stake from 11% to 7.23%. The shares fell nearly 6% when this news was announced. The amount received hasn't yet been disclosed but it's likely to be around the £7m mark. And two days earlier, the managing director of Brickability's Distribution division sold 3m shares and another NED offloaded 1m. These sales realised proceeds of £2.07m and £690,000 respectively. Of course, I've no idea why these individuals have decided to reduce their stakes in the company. Everyone has different financial circumstances and I don't think it's unreasonable to 'cash out' at some stage. After all, you can't spend shares. But whatever the reasons, these sales aren't a good look. These senior managers are going to miss out on generous levels of passive income. Based on amounts paid over the past 12 months, the stock's currently (20 June) yielding 5.5%. The FTSE AIM All-Share index is offering 2.27%. We don't yet know what the final dividend for FY25 will be but it looks as though it's likely to be higher than it was in FY24. If so, it means the group will have increased its annual payout for four consecutive years. But the group's relatively small. As its listed on the Alternative Investment Market (AIM) with a market-cap of just under £200m, it doesn't have the financial firepower to cope with a sustained downturn in the UK construction industry. And even though I'm sure there are perfectly valid reasons for the directors' share sales, they're likely to dent investor confidence. But the group has lots going for it. Revenue and earnings are heading in the right direction and the green shoots of a recovery are starting to show in the housebuilding sector. Also, the UK cladding 'scandal' is providing plenty of opportunities for further work. For these reasons, when combined with a healthy 5%+ yield, investors could consider adding the stock to their portfolios. The post This dividend stock's yielding 5.5% but its directors have sold nearly 15m shares this month! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Beard has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025

Report: Utah experiences steady employment growth amid a national downturn
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Utah's employment numbers continue to steadily grow despite national trend downward, according to the latest employment summary from the Department of Workforce Services. In May, the Beehive State reported a 2.5% increase in employment over the year, while the unemployment rate stood at 3.2%, according to the report. These numbers represented a net addition of 42,900 jobs since May 2024, accounting for both job gains and losses. Approximately 58,220 Utahns are unemployed, which is about 700 more than last month. 'While the unemployment rate saw a slight increase, the state's economy remains robust,' Ben Crabb, chief economist with the Utah Department of Workforce Services, said in the report. Utah's private sector employment increased by 2.3% from the previous year, with notable job gains in education and health services, construction and manufacturing. However, trade, transportation and utilities, along with other services, saw job losses. Eight of ten industry groups experienced net job growth. In comparison, the U.S. added 139,000 nonfarm jobs, just shy of two thousand from the most recent modest estimate for the current quarter, according to the Federal Reserve Bank of Philadelphia. While the federal government experienced ongoing job losses, the health care, leisure and hospitality, and social assistance sectors continued to show upward employment trends. Down from the previous estimate of 145,000, and the previous 12 months average monthly gain of 149,000, the current job growth casts a dimmer outlook in the U.S. economy. On the other hand, the unemployment rate remained unchanged at 4.2%, the U.S. Labor report stated. Although forecasters surveyed by the Federal Reserve Bank of Philadelphia said it could raise to 4.5% in the first quarter of 2026. Wednesday, the Federal Reserve left the federal funds rate unchanged, awaiting to see the impact that tariffs will have in the economy this year. 'Increases in tariffs this year are likely to push up prices and weigh on economic activity,' Fed Chair Jerome Powell said at a news conference, per AP news. 'This is something we know is coming, we just don't know the size of it.' Economic growth will slow down, according to these projections, which could translate into an increase in unemployment. Even though inflation has remained steady, the Federal Reserve still expects to cut rates twice this year, per AP news, to counter the projected effects of the higher inflation in the upcoming months. The state's labor market saw a 15% decrease in job openings over the year, according to Crabb. Despite the cooling trend, Crabb said there still are 1.3 jobs for every unemployed worker in the state. Crabb also noted there's a hesitance among workers to try switching jobs, which could be due to the time it takes to find suitable reemployment. With a median duration of 7.7 weeks currently, it takes job seekers about a week longer than the previous year. But Crabb remains optimistic. 'Going into the summer, the state's economy is exhibiting health and expansion across industries,' he said in his analysis of May's employment report.

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