magazine archive
magazine archive
News
New record high for LVMH as Chinese demand returns
Thursday 20 Apr 2023There was a sharp dichotomy at play as shares in luxury goods firm LVMH (MC:EPA) reached fresh all-time highs above €890 just as its Paris headquarters were being stormed by protestors railing against France’s retirement age changes. The luxury conglomerate behind brands ranging from Louis Vuitton...
Why consumer-facing companies are among London’s most-shorted stocks
Thursday 13 Apr 2023Institutional investors continue to bet against consumer-facing companies, despite the International Monetary Fund predicting that advanced economies including the UK could return to ultra-low interest rates once inflation is tamed. The IMF argues recent increases in interest rates are likely to...
The story behind sterling’s big move to 11-month highs versus the dollar
Thursday 13 Apr 2023Sterling is on a comeback trail against the dollar, reaching 11-month highs against the US currency on divergent rate expectations. The move to reclaim the $1.25 mark is a combination of strength in the pound and weakness in the dollar. The recent banking crisis started across the Atlantic with the...
Journeo travels to new heights as earnings show rapid progress
Thursday 13 Apr 2023Transport technology specialist Journeo ( JNEO:AIM ) is seeing the momentum behind its earnings feed into a strong share price performance. The stock market minnow is up more than 34% over the last six months. On 28 March Journeo, which provides a range of technical and data-related solutions to...
Cineworld shares slump as wipeout looms for certain investors
Thursday 13 Apr 2023Beleaguered cinema operator Cineworld ( CINE ) saw its shares drop a further 28% to 2p on 3 April taking the losses to 42% over the last three months and 94% over the last 12 months. It is likely current shareholders will be wiped out completely following news the company’s lenders plan to move...
Petrofac shares surge 70% after €13 billion offshore wind contract
Thursday 06 Apr 2023Sometimes contract awards are genuinely transformational for a business and, at first glance, the €13 billion award unveiled by Petrofac ( PFC ) is in that category. The agreement, the largest in Petrofac’s history, will see the UK firm work alongside Hitachi Energy to supply multiple offshore wind...
Burford makes 65% gains on positive US court decision in YPF case
Thursday 06 Apr 2023In a remarkable turn of events, investors in litigation finance firm Burford Capital ( BUR:AIM ) have seen their shares rocket from a 12-month low to a two-year high in less than two days of trading. At 4.14pm on 31 March, Burford issued a statement to say the Southern District Court of New York...
NCC is down 40% as it battles a cybersecurity demand slowdown
Thursday 06 Apr 2023FTSE 250 cybersecurity consultancy NCC ( NCC ) lost 40% of its market value after slashing annual guidance for the year to 31 May 2023 last week (31 Mar). The company had anticipated ‘adjusted operating profit’ of around £47 million, it’s now looking at between £28 million and £32 million. No...
Discover why EasyJet shares are up 57% since the start of 2023
Thursday 06 Apr 2023Shares in EasyJet (EZY) have jumped 57% over the past three months, however they are still trading 60% below their pre-pandemic high. The company seems to be forging ahead having been the subject of takeover bids from rivals British Airways-owner International Consolidated Airlines ( IAG ) in 2022...
After banking crisis and tech rally what is next for markets in 2023?
Thursday 06 Apr 2023As quarters go, the first three months of 2023 have been ‘interesting’ to put it mildly. Having been shunned at the end of last year due to worries over valuation and rising interest rates – which reduce the value of future free cash flows – technology stocks have roared back in 2023 with the US...