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Wildfires and strikes cause investors to worry about airlines and holiday companies
Thursday 27 Jul 2023Shares in airlines and holiday companies including EasyJet ( EZJ ) , Jet2 ( JET2:AIM ) , TUI ( TUI ) and International Consolidated Airlines ( IAG ) suffered losses on 24 July as wildfires took hold in the popular Greek holiday destinations of Corfu and Rhodes and a ‘extreme fire risk’ warning was...
Unilever flexes its pricing power muscles, but market share losses are a concern
Thursday 27 Jul 2023Consumer packaged goods powerhouse Unilever ( ULVR ) topped the FTSE 100 leader board on 25 July after the Marmite-to-Magnum ice cream maker’s second quarter sales beat expectations. Investors were delighted as the Dove soap-to-TRESemmé maker raised full year sales guidance to ‘above 5%’, ahead of...
Ocado’s technology arm gets investors excited again
Thursday 27 Jul 2023The Ocado ( OCDO ) believers have been out in force again as the grocery delivery and warehouse automation company returned to an underlying profit in the six months to 28 May 2023, and confirmed its full year earnings guidance on 18 July. Since then, the stock has soared nearly 35% to 781p, making...
Liontrust shares remain in the doldrums as GAM takeover sees new twist
Thursday 27 Jul 2023Fund manager Liontrust Asset Management ( LIO ) has seen its shares halve in the last six months, which is providing a headwind for its proposed takeover of struggling Swiss asset manager GAM (GAM:SWX) . Liontrust’s offer is based on issuing 9.4 million shares to GAM’s shareholders which on the day...
Revealed: the shares which shone as the FTSE 100 has bumper week
Thursday 27 Jul 2023The FTSE 100 enjoyed its best week in four months between 17 and 21 July, gaining nearly 3% across the course of five trading sessions. This followed up on a decent performance in the previous week and helped put the index in positive territory for the year. The main driver of positive sentiment...
Nasdaq 100 benchmark is shuffling its weightings after AI tech stock surge
Thursday 20 Jul 2023One of the world’s most popular indices faces a shake-up that could impact millions of UK investors. The Nasdaq 100 has romped more than 44% higher this year – including its best first half ever, beating even the dotcom bubble of the late 1990s. The seemingly unstoppable rally is largely thanks to...
Why gamblers 888 and DraftKings have seen diverging share prices
Thursday 20 Jul 2023The respective share prices of online gambling company 888 ( 888 ) and US fantasy sports betting firm DraftKings (DKNG:NASDAQ) look like a mirror image of one another with 888 shares down 45% and DraftKings up 172% over the last year. 888 shares fell 25% on 14 July after revealing strategic talks...
Gresham House takeover highlights undervaluation of UK asset managers
Thursday 20 Jul 2023Another week, another takeover – this time it is alternative asset manager Gresham House ( GHE:AIM ) , which is being bought by private equity firm Searchlight for £470 million. At £11.05 per share, 63% above the previous closing price and 10% above the all-time high a year ago, the purchase price...
Why American Airlines shares have soared year-to-date
Thursday 20 Jul 2023Shares in American Airlines (AAL:NASDAQ) have performed well year-to-date, rising 42% to $18.14 as investors welcome the recovery in demand for the travel sector. Holidaymakers are booking their summer and winter getaways despite the cost-of-living crisis and escalating costs for flights and...
Vanquis Banking shares have lost almost 20% in six weeks and could face FTSE 250 relegation
Thursday 20 Jul 2023Rising interest rates are normally good for banks so investors may be puzzled why FTSE 250 lender Vanquis Banking ( VANQ ) has plunged nearly 20% in six weeks to 183.6p, putting the company firmly in relegation territory from the mid-cap index. The business, previously called Provident Financial,...