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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...
Latest retail sales figures show slide in non-essential spending
Thursday 30 Mar 2023The most recent retail sales figures from the Office for National Statistics make for illuminating if not uplifting reading. Sales in February were over 1% higher than January in volume terms suggesting consumers were feeling positive. Moreover, that gain took sales volumes back to where they were...
UK small cap trusts: upgrade for Mercantile and changes afoot for Abrdn Smaller Companies
Thursday 30 Mar 2023Weak sentiment towards UK small and medium-sized companies has seen investment trusts focused on this space languish at big discounts and driven consolidation as products with dwindling assets are combined. Stifel believes the 15% discount to net asset value at Mercantile Investment Trust (MRC)...
Discover why Wetherspoons shares are up 50% since the start of 2023
Thursday 30 Mar 2023Pubs group JD Wetherspoon ( JDW ) had a tough time both during the pandemic and as the UK emerged from Covid. A longstanding strategy of focusing on volumes rather than margins, in a bid to offer customers good value, left its profit heavily exposed to the rising cost of staff, energy, alcohol and...
Deliveroo stuck in the mud despite efficiency push
Thursday 30 Mar 2023At 86.96p, Deliveroo’s ( ROO ) share price is 78% below the level at which it joined the stock market in 2021. Competition has been fierce and the company is still not making a profit. The boom in ordering food online seen during the pandemic has started to fade away thanks to the cost-of- living...
Why big tech has seen a handsome recovery which may have legs
Thursday 30 Mar 2023The turnaround in fortunes for many US large cap stocks has been rapid and, in some ways, surprising given it has occurred at the same time as a banking crisis and increased market volatility. Since the start of the year the Nasdaq 100 index, comprised of the largest technology names by market cap...
Wild moves in markets after SVB collapse and Credit Suisse rescue
Thursday 23 Mar 2023The evolving banking crisis sparked by the unravelling of Silicon Valley Bank is creating consequences that seemed unimaginable only a few weeks ago. While a run on a bank is nothing new the speed of the SVB’s demise was something which speaks to the increasing power of social media. Chief...
Scottish Mortgage chair to step down after boardroom blow-up
Thursday 23 Mar 2023Fiona McBain, chair of popular investment trust Scottish Mortgage (SMT) , is stepping down after a boardroom row over corporate governance exploded into the public arena. In a board update (21 March), Baillie Gifford’s flagship fund said senior independent director Justin Dowley will succeed McBain...
Currys endures Nordic noir as debt guided to be significantly higher
Thursday 23 Mar 2023A recent revival in Currys ( CURY ) shares has petered out in spectacular fashion as a previously reliable part of the business has become more and more of a problem. A tough consumer environment in the Nordics region which had initially been flagged as a short-term issue linked to competitors...