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Banking crisis: should you be worried about investing in this sector?
Thursday 16 Mar 2023If a week can be a long time in politics, in financial markets it can make investors feel as though their whole world has been turned upside down. For years, analysts have consistently peddled the line that higher – or at least rising – interest rates are positive for banks because it means they...
Aston Martin shares jump the gun in rush for profitable growth
Thursday 09 Mar 2023Share prices often move up or down but the rally in those of Aston Martin Lagonda ( AML ) in recent months has left investors and analysts dumbfounded. Since early November 2022, the stock has soared 235%, a run that has added nearly £1.5 billion to the luxury car maker’s market valuation. There’s...
China’s new 5% growth target underwhelms as its focus shifts to boosting consumption
Thursday 09 Mar 2023New Chinese guidance for GDP (gross domestic product) growth has checked some of the optimism over any boost from the country’s reopening and hit shares in resources stocks given the implications for commodities demand. China’s GDP growth of 3% for 2022 was the lowest since 1976 as it struggled...
Fresnillo suffers as costs surge and precious metals lose some shine
Thursday 09 Mar 2023Mixed precious metals prices and disappointing operational news mean Fresnillo ( FRES ) shares have had a very poor start to 2023, down more than 17%. Focused on Mexico, the miner is the world’s largest producer of silver from ore and has significant gold output. Prices for both metals have been...
Shaftesbury focused on income growth and cost cutting as it completes Capco merger
Thursday 09 Mar 2023This week marks the start of a new chapter for the UK property sector with the completed merger of London’s West End landlord Shaftesbury and rival Capco. Shaftesbury, which first listed in 1987, was formed by the Levy family as a vehicle to invest in areas such as Carnaby Street, Chinatown and...
ASOS shares gain 80% year-to-date on growing turnaround hopes
Thursday 09 Mar 2023While shares in ASOS ( ASC ) are down almost 90% on a five-year view, the once-mighty online fast fashion retailer has rallied 80% so far this year amid a broader retail sector bounce-back driven by the lessening risk of an economic hard landing. ASOS reported a ‘significant improvement in...
Pets at Home has investors purring with 37% share price rally
Thursday 02 Mar 2023Shares in Pets at Home ( PETS ) have scurried 37% higher year-to-date amid a wider retail sector rally off recent lows with household incomes holding up better than feared. But the real catalyst for Pets at Home was the delivery of another earnings upgrade on 31 January, where the UK’s clear pet...
Autodesk stock tanks on margin and free cash flow guidance, wiping out 2023 gains
Thursday 02 Mar 2023Cloud engineering software company Autodesk (ADSK:NASDAQ) gave investors a nasty shock after steering for soggy margins and free cash flow this year. The company specialises in computer-aided design for buildings and is a holding in several global funds. The latest disappointing news came alongside...
Why Telecom Plus shares are down 30% since the start of December
Thursday 02 Mar 2023Utility services supplier Telecom Plus ( TEP ) , which trades as Utility Warehouse, has seen its share price plunge nearly 30% since the start of December. There have been unhelpful headlines for the industry around Centrica ( CNA ) owned British Gas using bailiffs to fit pre-payment meters and an...
Find out why the Fed's preferred inflation measure upset markets
Thursday 02 Mar 2023The latest data (24 February) shows inflation surprisingly accelerated in January as measured by PCE (personal consumption expenditure) the US Federal Reserve’s favourite inflation gauge. This went against expectations for a continued fall and, once again, undermined hopes for a pivot away from...