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What Aldi’s expansion plans mean for its rivals and suppliers
Thursday 28 Sep 2023This week, discount retailer Aldi revealed UK sales in the year to December 2022 increased by £1.9 billion or 14% to a staggering £15.5 billion, a new record in its 33 years of operating here. The company, which has attracted around one million more customers to its stores over the past year, said...
Drax shares tank on fears over new report on UK Government biomass strategy
Thursday 21 Sep 2023Renewable energy supplier Drax ( DRX ) came under pressure on 15 September following news that the National Audit Office will issue a report on the Government’s biomass strategy, including analysis of how support had been funded and implemented. Drax argues burning wood pellets is a sustainable...
Bakkavor shares remain in the doldrums after workers vote to strike
Thursday 21 Sep 2023Shares in Bakkavor ( BAKK ) are trading 20% lower than their February year-to-date high, with strike action being the latest issue to worry investors. Production staff in its London pizza factory have voted to down tools in a dispute over pay. This could affect supplies for big name clients...
TSMC spooks chip industry with slowdown threat
Thursday 21 Sep 2023Global microchip stocks from Nvidia (NVDA:NASDAQ) to ASML (ASML:AMS) have been under stiff selling pressure after a Reuters report said that Taiwan’s TSMC (2330:TPE) , the world’s largest contract chipmaker, had asked its suppliers to delay deliveries amid concerns over slowing demand. The report...
Centrica share price rally has been ‘meteoric’, up 420% since 2020
Thursday 21 Sep 2023Shares in British Gas owner Centrica ( CNA ) have risen by 150% in value since October 2022. Those gains increase to 420% if you go back to April 2020. ‘Centrica’s share price recovery since Covid lows has been meteoric, as the company successfully navigated volatile market conditions, culminating...
Frasers could be the key to Shein becoming a bigger player in the UK
Thursday 21 Sep 2023FTSE 100 retail group Frasers ( FRAS ) is in talks to sell Missguided to China’s Shein, according to reports. Such a move could have significant implications for the UK retail industry. It could see the Chinese group become a much bigger player in this country and potentially kick-start a new wave...
State pension set to go up by 8.5% from April 2024
Thursday 14 Sep 2023The old state pension is set to rise by 8.5% in April 2024, equating to an extra £13.30 per week or £691.60 a year to £8,814. The new state pension should increase by an extra £17.35 a week or £902.20 a year to £11,502. The Government uses the triple lock system to decide on the rate of growth in...
How deal-hungry CVS became a dog with fleas
Thursday 14 Sep 2023Shares in acquisitive vet services provider CVS ( CVSG:AIM ) are down 23% year-to-date following a savage sell-off triggered by the launch of a Competition and Markets Authority review into the UK pet industry, prompted by an uptick in vet prices driven by industry consolidation. In response to the...
Could Restaurant Group’s leisure disposal lead to a full break-up?
Thursday 14 Sep 2023Shares in Restaurant Group ( RTN ) have been on a tear over the last nine months, gaining 84% after positive trading updates and a strategic review of the business prompted in part by activist investors pushing for change. The company has now agreed to offload its underperforming leisure division (...
Without fanfare, Berkshire Hathaway shares have climbed to all-time high
Thursday 14 Sep 2023While investors have been fretting over the direction of interest rates, the rise in crude oil prices, the state of the US consumer and any number of other things in recent weeks, the B class shares in investment giant Berkshire Hathaway (BRK.B:NYSE) have sailed serenely to a new all-time high of $...