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Lords Group shares hit new low on continued ‘challenging’ trading
Thursday 12 Sep 2024Among the various IPOs (initial public offerings) of the last few years, building materials distributor Lords Group Trading (LORD:AIM) seemed one of the more promising, but unfortunately the damage inflicted on the residential property market by 2022’s mini-budget and subsequent regulatory changes...
Oracle facing growth acceleration acid test
Thursday 05 Sep 2024‘Magnificent Seven’ earnings are behind us and Oracle (ORCL:NASDAQ) is one of just a handful of S&P 500 stocks still to report. There could be fireworks when it does on 9 September. While AI (artificial intelligence) excitement dominates the headlines Oracle has been quietly going about its own...
Why investors have dumped Dollar General stock
Thursday 05 Sep 2024Discount retailer Dollar General (DG:NYSE) was supposed to thrive during a period of higher interest rates, the rationale being its ultra-low price points would attract a broader cohort of customers during a cost-of-living crisis. But the company, which caters to more rural areas across the pond,...
Burberry exits FTSE 100 after 15 years but EasyJet looks to have dodged relegation
Thursday 05 Sep 2024Luxury goods brand Burberry (BRBY) has ended its 15-year sojourn in the FTSE 100. The relegation comes after dramatic share price falls for the company in 2024. EasyJet (EZJ) , which had been on course to suffer the same fate, looks to have saved itself with a recent rally (confirmation of the...
Shares in maritime artificial intelligence company Windward are flying
Thursday 05 Sep 2024Maritime artificial intelligence specialist Windward (WNWD:AIM) clearly has the wind in its sails with its shares up 63% in 2024 and 192% over the last year driven by structural industry drivers which are helping the business reach break-even point ahead of expectations. First-half results (20...
Gym Group raises outlook ahead of first-half results
Thursday 05 Sep 2024Low-cost gym operator Gym Group (GYM) looks to be in good shape ahead of its first-half results, due to be released 11 September. In a pre-close statement on 10 July the company raised its full-year profit expectations to the top end of market forecasts after continued positive trading. Company-...
Investors bet on Rolls-Royce recovery after engine trouble sparks sharp sell-off
Thursday 05 Sep 2024Aeronautical engineer Rolls-Royce (RR.) is not going to be caught up in a new crisis after airline Cathay Pacific (0293:HKG) found a fault with the engines used ’on its fleet of Airbus (AIR:EPA) A350 jets. This was the prevailing mood among investors and analysts as the dust settled on a late...
US non-farm payrolls in the spotlight after Jackson Hole speech
Thursday 05 Sep 2024Federal Reserve chair Jay Powell’s speech at the Jackson Hole symposium made it clear that the central bank believes its work is more or less done in taming inflation and the focus now is to keep the US labour market in rude health. The change of tone puts August’s non-farm payrolls data on 6...
Watkin Jones shares pummeled on cut to guidance
Thursday 29 Aug 2024Shares in Watkin Jones (WJG:AIM) , the UK’s leading for-rent developer and operator, sank 30% in a day last week after the firm cut its operating profit forecast for this year and warned profit next year would likely be even lower rather than rebounding. The group, which focuses mainly on student...
Beeks Financial Cloud scales new all-time high after record results and contract extension
Thursday 29 Aug 2024Shares in cloud computing, connectivity and analytics provider Beeks Financial Cloud (BKS:AIM) scaled a new all-time high of 282p after the firm announced (20 August) it had won a contract extension with the Johannesburg Stock Exchange. The latest advance takes the year-to-date gain for the stock...