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After a dearth of IPOs last year, 2024 already looks more interesting
Thursday 18 Jan 2024According to London Stock Exchange data there were just 23 IPOs (initial public offerings) in total on the UK market in 2023, only slightly more than half the number the preceding year and the lowest since the exchange started publishing records in 1995. For the first time since the financial...
Warpaint shares continue to soar after strong trading update
Thursday 18 Jan 2024Value-focused cosmetics company Warpaint (W7L:AIM) can do no wrong in investors’ eyes, it seems. The shares hit a new-all time high on 12 January after the colour cosmetics supplier upgraded its full-year 2023 revenue guidance for the fourth time. Warpaint is now forecasting full-year 2023 revenue...
Burberry shares hit a new low after second profit warning
Thursday 18 Jan 2024Burberry (BRBY) has had a terrible start to 2024, although 2023 was hardly a vintage year for the British fashion house either. The company slashed its profit guidance due to a slowdown in demand for luxury purchases – its second profit warning in three months. Burberry now expects adjusted...
FCA to investigate commission deals in the UK motor finance market
Thursday 18 Jan 2024Having hammered the insurance industry for its practice of “walking up” renewal prices for existing car and home policyholders, the FCA (Financial Conduct Authority) has a new target in its sights – the motor finance market. Firms which generate revenue from providing motor finance include Close...
Why the outcome of a pre-trial hearing could prove good news for GSK
Thursday 18 Jan 2024Shares in global bio-pharmaceutical firm GSK (GSK) have performed poorly in recent times, relatively speaking, lagging the FTSE 100 index by 4% and peer AstraZeneca (AZN) by a whopping 87% over the last five years. Operationally there have been clear signs of improvement, with the company...
Next raises guidance after strong Christmas sales
Thursday 11 Jan 2024Clothing and homewares giant Next (NXT) appears to be doing no wrong at the start of the year. The retailer raised its pre-tax profit guidance for the year ending 27 January 2024 after benefiting from strong Christmas sales. The FTSE 100 shares are testing all-time highs after bumping up its...
US March rate cut bets pared back after stronger than expected December jobs report
Thursday 11 Jan 2024Investors seem to have got too far over their skis in terms of pricing in aggressive US interest rate cuts starting in March 2024. Minutes from December’s FOMC (Federal Open Markets Committee) policy rate meeting showed participants wanted to keep rates higher for longer to see more evidence of...
What it might take to revive the UK IPO market as M&A frenzy continues
Thursday 11 Jan 2024A respected analyst is warning the ‘relentless’ pace of de-equitisation driven by depressed UK stock market valuations will continue unless action is taken. Low valuations are making the UK stock market an attractive hunting ground for acquirers and are a key factor behind the ‘minimal’ IPO (...
What completion of game-changing YouGov GfK deal means for the business
Thursday 11 Jan 2024The completion of YouGov’s (YOU:AIM) €315 million purchase of the consumer panel services of GfK (9 January) is a potential gamechanger for the business. Analysts at Berenberg estimate the deal - which was first announced in July 2023 - will contribute £60 million of revenue and £12 million of...
JD Sports Fashion shares take a bath as consumers feel the cost-of-living squeeze
Thursday 11 Jan 2024JD Sports Fashion (JD.) had an awful start to the year with shares falling over 20% following an unscheduled trading update at the beginning of January. The sports fashion retail group reported disappointing results for the 22 weeks to 30 December 2023 falling short of company expectations. The...