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Why British American Tobacco has run out of puff
Thursday 02 Feb 2023Having been as high as £36.28 in June 2022, shares in British American Tobacco ( BATS ) have subsequently run out of puff. They have fallen 16.5% to £30.31 since last summer’s peak and down 8.3% in 2023-to-date. This reverse reflects profit-taking as well as a wider investor sentiment switch from ‘...
Thungela loses its crown as coal prices fall back
Thursday 26 Jan 2023Having been one of the best performing shares in 2022, South African coal miner Thungela Resources ( TGA ) has now lost momentum. The stock has fallen by nearly 40% in value over the past four months as coal prices have weakened as weather conditions in parts of Europe have been milder than...
Could Procter & Gamble’s latest update spell trouble for its UK rivals?
Thursday 26 Jan 2023US consumer health and hygiene giant Procter & Gamble (PG:NYSE) delivered what initially looked like a positive set of second quarter results, beating revenue estimates and increasing its full year organic growth forecast. However, P&G shares fell to two-month lows as investors were spooked...
Expert predicts further bad news for popular investment trust Scottish Mortgage
Thursday 26 Jan 2023Shares in Scottish Mortgage Investment Trust (SMT) are down by one third in value over the past 12 months at 746.6p, having sold off due to the impact of high inflation and rising interest rates on long duration assets including the ‘world’s most exceptional growth companies’ it invests in...
Activist investors give big boost to Salesforce and Restaurant Group
Thursday 26 Jan 2023It’s been a rough period for shareholders of software provider Salesforce (CRM:NASDAQ) with the shares halving since November 2021. Some relief came on 23 January after the Wall Street Journal reported activist investor Elliott Management had taken a multi-billion-dollar stake. The shares gained...
How Saga shares have more than doubled in three months
Thursday 26 Jan 2023Over-50s travel and insurance group Saga ( SAGA ) has rebounded strongly of late, gaining 120% in just three months. This increase in the share price is from all-time lows below 100p and the shares are still, once you adjust for a 2020 share consolidation, down more than 90% on the price at which...
UK stocks enjoy big gains as travel and retail lead the way
Thursday 19 Jan 2023Investors could not have hoped for a much better start to 2023 for UK stocks. The flagship FTSE 100 index is up approximately 4% year-to-date to trade within sights of its all-time high from May 2018 (when it briefly topped the 7,900 mark) and the more domestic-facing FTSE 250 has risen by circa 5...
Housebuilder warnings about a slowdown in activity does not bode well for suppliers
Thursday 19 Jan 2023The common factor across the latest trading updates from the big housebuilders is they are all forecasting fewer completions and land purchases this year. That could spell trouble for the various trades which support the new-build home industry, from legal services to building materials and...
Musicmagpie shares soar more than 300% from October lows
Thursday 19 Jan 2023After it delivered a major profit warning in March 2022, it looked as though Musicmagpie ( MMAG:AIM ) would become yet another casualty of the downturn in consumer spending which has seen so many smaller companies go to the wall over the past year. Yet, in recent months, the ‘circular economy’...
Marks & Spencer builds on sparkling Christmas with news of 20 new stores to come
Thursday 19 Jan 2023British retail bellwether Marks & Spencer ( MKS ) has built on much better-than-expected festive trading by announcing (16 January) a near half a billion-pound investment to open 20 new stores that the FTSE 250 firm insists is ‘core’ to its aim of becoming the UK’s leading omnichannel retailer...