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Darktrace back to IPO price after slicing growth expectations
Thursday 19 Jan 2023Cambridge-based cyber security firm Darktrace ( DARK ) has cut its growth forecasts for the year as new customers pull the plug on technology spending in the face of a weakening global economy. Darktrace now expects annualised recurring revenue, adjusted for foreign exchange swings, to rise by...
The case for a big rebound in growth stocks in 2023
Thursday 12 Jan 2023Growth stocks could rally in the middle of 2023, according to Liberum which has based its prediction on the analysis of historic market trends. Liberum analysts Joachim Klement and Susana Cruz have calculated the relative performance of growth as an investment style versus the wider UK stock market...
Vodafone stock at 25-year low as attention turns to cutting debt
Thursday 12 Jan 2023Investors have been getting increasingly frustrated at the poor returns from Vodafone ( VOD ) , whose share price hit 25-year lows of 83.8p in the days before Christmas. That’s from 130p levels as recently as July 2022. Little wonder that calls from activists for change and improvement have been...
Oracle shares up more than 40% in three months
Thursday 12 Jan 2023Texan software and data analytics business Oracle (ORCL:NASDAQ) has been shooting the lights out for a year or more, and investors have begun to cotton on, with the stock surging 40%-plus since September 2022. The company has seen a run of upgrades after beating Wall Street estimates, most recently...
Yet more evidence that the computer games industry has lost its pandemic mojo
Thursday 12 Jan 2023There is mounting evidence of a downturn in the computer games industry as the impact of pressures on consumer budgets and the wider choice of leisure activities coming out of the pandemic is being felt. The performance of relevant UK-listed firms is reflecting this reversal in fortunes, something...
Why shares rallied on a stronger-than-expected US jobs number
Thursday 12 Jan 2023Many investors might be surprised at how markets jumped on stronger-than-expected US jobs numbers on 6 January. A tight labour market is one of the inflationary pressures which the Federal Reserve studies when it decides on interest rates. Non-farm payrolls increasing 223,000 in December against...
What do Next’s results tell us about the outlook for the retail sector?
Thursday 12 Jan 2023High-street and online apparel seller Next ( NXT ) brought shareholders some New Year cheer with the news that total full-price sales were up nearly 5% over the three months to the end of December rather than down 2% as previously predicted. Interestingly, it was in-store sales which drove the...
Luxury firm Lanvin looks unloved as shares fall 28.5% following market debut
Thursday 22 Dec 2022Chinese luxury fashion firm Lanvin (LANV:NYSE) had a bad start to life on the US stock market, listing at $10 a share with a $1.3 billion valuation. The shares swiftly fell 28.5% to $7.15 amid concerns over cut-throat competition and the Chinese economy’s bumpy reopening as it emerges from a zero-...
Ukraine and rates: why the market’s two big bugbears are not going anywhere
Thursday 22 Dec 2022Worries around interest rates and the Ukrainian conflict, which have dominated much of the year, continue to trouble investors in the final days of 2022. While the decision of both the US Federal Reserve and Bank of England to increase interest rates by 50 basis points at their latest meetings had...
Why Marlowe shares have collapsed despite strong half-year results
Thursday 22 Dec 2022Senior management at business software and services group Marlowe ( MRL:AIM ) must be wondering what they need to do or say to revive the company’s ailing share price. Despite delivering a 60% increase in first-half revenues and an 80% surge in EBITDA (earnings before interest, tax, depreciation...