magazine archive
magazine archive
News
Big moves in UK oil sector with crude in the doldrums despite OPEC cuts
Thursday 08 Dec 2022The past month has seen a significant fall in oil prices. Having flirted with the $100 per barrel mark for the first time since the summer in early November, Brent crude is now closer to $80 as traders fret about the impact on demand of a slowdown in the global economy. Renewed hopes of a loosening...
Why Yu Group’s shares have sparked up 87% in six months
Thursday 08 Dec 2022Consistent growth and recent upgrades to earnings forecasts from Yu Group (YU.AIM) have sent the shares up 87% over the past six months and the independent gas and electricity supplier’s latest trading update (28 November) helped sustain the rally. Energy crisis beneficiary Yu said sales, adjusted...
The great CEO merry-go-round: Vodafone chief executive is the latest to go
Thursday 08 Dec 2022It seems as though barely a week goes by without a chief executive or chief financial officer either jumping ship to another firm or leaving the business completely to pursue ‘other interests’. At the start of this week, FTSE 100 mobile network operator Vodafone ( VOD ) announced chief executive...
Which Cineworld assets could be on the block with Vue circling?
Thursday 08 Dec 2022Embattled cinema Group Cineworld ( CINE ) which filed for Chapter 11 bankruptcy in September 2022 denied it was looking to auction off certain Eastern European assets. Bloomberg reported (2 December) Cineworld had held talks to sell its Cinema City and Yes Planet chains in Eastern Europe and Rav-...
How banks are poised for major changes under proposed ‘Big Bang 2.0’ reforms
Thursday 08 Dec 2022After a bruising market reaction to his mini-Budget in September, then-chancellor Kwasi Kwarteng told banks and financial services bosses he wanted to introduce a ‘Big Bang 2.0’ package of reforms to make the City a more attractive place to invest. Readers with a long memory will recall the...
Live Nation shares remain in the doldrums despite ticket surge
Thursday 08 Dec 2022Ticketmaster-owner Live Nation Entertainment (LYV:NYSE) has suffered a terrible time on the stock market this year with its share price down 39%. A multitude of problems have weighed on the company’s valuation and sentiment remains poor going into 2023. You might have expected 2022 to be a good...
Find out what China’s protests and latest Covid plans mean for stocks
Thursday 01 Dec 2022Markets had a volatile end to November, driven by turmoil in China as the world’s second largest economy contends with lockdown protests and mounting Covid infections as it sticks (for now) with its zero-Covid policy. Renewed restrictions in response to new outbreaks of Covid sparked levels of...
Why no-frills Costco Wholesale continues to flourish
Thursday 01 Dec 2022Retailer Costco Wholesale (COST:NASDAQ) is expected to unveil further market share gains when it reports quarterly results on 8 December. The company has already reported sales up 7.7% year-on-year to $17.73 billion for October, building on a bumper 10.1% rise to $21.46 billion for September, as it...
Retail sector breathes sigh of relief as Black Friday sales top expectations
Thursday 01 Dec 2022Amid concerns sales would be significantly impacted by the cost-of-living crisis and the recent tax-grab in the Autumn Statement, it seems Black Friday was relatively successful for UK shops judging by anecdotal evidence gathered together by Shares . Industry magazine Retail Gazette described Black...
Card Factory bucks the negative retail sector trend with share price surge
Thursday 01 Dec 2022Shares in greeting cards-to-gifts retailer Card Factory ( CARD ) have surged since the delivery of a surprise bumper upgrade (15 November) to full year earnings guidance and have bucked the retail sector gloom with an 18% gain year-to-date. Signs that CEO Darcy Willson-Rymer’s refreshed growth...