magazine archive
magazine archive
News
Could the sustained rise in food prices become a political issue?
Thursday 04 May 2023In the words of Paul Donovan, UBS’s chief economist who is not known for mincing his words, like Fight Club, the first rule of price gouging is you do not talk about price gouging. ‘The profit-led inflation story has been fueled by corporate results showing profit-led inflation. As these stories...
Optimism emerges that microchip equipment sales to China will ramp up in 2023
Thursday 27 Apr 2023Computer chipmaking equipment suppliers ASML (ASML:AMS) and Lam Research (LRCX:NASDAQ) remain hopeful that sales to China will ramp up later this year, despite US export controls on advanced microchip technology. The world’s two largest economies remain at loggerheads over advanced technology, with...
Investors continue to be hungry for Hershey’s shares
Thursday 27 Apr 2023Shares in snack products group Hershey (HSY:NYSE) have risen 22% to $261.40 since late January, propelled by well-received results in early February which beat market expectations at both the revenue and earnings per share lines. Importantly, demand remained ‘steady’ despite pushing up prices,...
The rate of small and mid-cap companies leaving the market is accelerating
Thursday 27 Apr 2023It seems barely a week goes by without a UK firm falling prey to an opportunistic takeover approach. Typically, the bidders are non-UK and the targets are small and mid-cap companies. Many UK stocks trade on cheap valuations and unless the market recognises their attractions and bids up the price,...
Liontrust slumps nearly 20% in a month as GAM deal mooted
Thursday 27 Apr 2023Shares in growth-orientated asset manager Liontrust Asset Management ( LIO ) have fallen by nearly 20% in a month, with the stock losses exacerbated by news it might be interested in buying Swiss rival GAM. Whether this suggests shareholder aversion to such a deal or is merely a reaction to the...
McDonald’s shares at new record high as earnings beat expectations
Thursday 27 Apr 2023Fast-food giant McDonald’s (MCD:NYSE) beat analysts’ expectations on 25 April after successfully shrugging off a challenging economic environment and rising costs. The share price reaction to the quarterly results was modest, reflecting the fact the shares have already had a good run this year. Its...
Positive bank reports set S&P 500 on course for new highs
Thursday 20 Apr 2023The US first-quarter earnings season got off to a flying start last Friday (14 April) after banking giant JPMorgan (JPM:NYSE) smashed estimates for revenue and earnings, helping lift the whole stock market towards new highs. The company reported record revenue of $38.3 billion, well ahead of...
Why Superdry shares are down almost 50% in one year
Thursday 20 Apr 2023Shares in Superdry ( SDRY ) have slumped 47.3% over the past 12 months as investors price-in challenging high street conditions and the uncertain prospects of a successful turnaround. The latest sell-off in the stock followed the fashion retailer’s withdrawal (14 April) of ‘broadly breakeven’ full...
A slowing US economy and sticky inflation leaves the Fed little choice
Thursday 20 Apr 2023The US Federal Reserve’s unenviable task of bringing down inflation without crashing the economy got even trickier in March following the mini banking crisis. For now, at least, the worst of the turmoil in the financial sector seems to be over. Nevertheless, the prospect of tighter bank lending...
What to expect from Sainsbury's results after Tesco's growth warning
Thursday 20 Apr 2023The UK’s second largest supermarket group Sainsbury’s ( SBRY ) is due to report its full year results for the 12 months to 4 March 2023 on 27 April with the focus likely to be on earnings guidance for the current financial year. Big rival Tesco ( TSCO ) basically warned the market to expect zero...