magazine archive
magazine archive
News
Why Victorian Plumbing shares have rallied 120% in three months
Thursday 22 Dec 2022After floating on AIM in June 2021 at 262p with an £850 million valuation, the biggest debut market cap the junior exchange has ever seen, shares in online specialist bathroom retailer Victorian Plumbing ( VIC:AIM ) almost disappeared down the plughole. They sank as low as 34p by early October 2022...
Could the tobacco industry become extinct after radical new legislation?
Thursday 22 Dec 2022Big tobacco firms will have been busy consulting their lawyers in recent days after a landmark decision last week by the New Zealand government to stop the sale of their products in a push to make the country ‘smoke-free’ by the middle of this decade. Remarkably, the legislation – the Smokefree...
Games Workshop shares hit 11-month high on Amazon licensing deal
Thursday 22 Dec 2022Fantasy miniatures maker Games Workshop ( GAW ) delighted investors on 16 December after announcing a tie-up with Amazon (AMZN:NASDAQ) , potentially one of its biggest licensing deals to date. The two parties have agreed ‘material commercial terms’ which involve developing Games Workshop’s...
Could the Royal Mail final dividend be decided in Westminster?
Thursday 15 Dec 2022Royal Mail continues to be disrupted by strike action amid an escalating dispute over work, pay and conditions. With no end to the dispute in sight, it is possible that the parent company’s dividend could become a political issue. The firm, which is owned by International Distributions Services (...
House prices cooling quickly after two years of red-hot growth
Thursday 15 Dec 2022As more survey data on asking and selling prices rolls in from mortgage lenders and estate agencies, it is clear that the UK housing market peaked in August with the turning point most likely being September’s mini-Budget which spooked financial markets and consumers. While there is usually a...
Regulators put Microsoft and Meta under scrutiny as big tech growth slows
Thursday 15 Dec 2022M icrosoft (MSFT:NASDAQ) and Facebook-owner Meta Platforms (META:NASDAQ) are facing growth roadblocks as regulators in the US, UK and EU bare their teeth. The US Federal Trade Commission has moved to block Microsoft from its planned $69 billion deal to buy gaming giant Activision Blizzard (ATVI:...
Chemring’s cybersecurity hidden jewel is starting to shine
Thursday 15 Dec 2022Defence business Chemring’s ( CHG ) cybersecurity unit Roke is an underappreciated part of the business, but it may not go under the radar for too much longer. The company’s results for the year to 31 October revealed revenue from the division exceeded £100 million for the first time with order...
How freezing temperatures saw power prices rocket to record levels
Thursday 15 Dec 2022Freezing temperatures have sent UK power prices to record highs, with the surge in demand created by the wintry weather accompanied by very still conditions which led to a lack of wind power. This meant higher demand for gas for power generation at the same time as households and businesses were...
Why consumer squeeze and higher rental rates have clobbered Airbnb shares
Thursday 15 Dec 2022Global platform operator for rental rooms Airbnb (ABNB:NASDAQ) has seen its shares slide by a fifth over the last three months taking the loss in 2022 to date to more than 40%. The worry is that the rapid rise in the cost of living will squeeze consumer discretionary spending and dampen demand...
Balfour Beatty shares hit 11-year high on booming infrastructure market
Thursday 15 Dec 2022Thanks to a slew of major UK and US public works programmes, revenues and earnings at construction and engineering firm Balfour Beatty ( BBY ) are set to beat expectations in 2022, according to the company. The news sent shares in the group up 2.7% to 346p on 8 December, their highest level in more...