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Why Chinese trusts and funds are hitting new multi-year lows
Thursday 27 Oct 2022Holders of funds and trusts investing in China probably woke up on Monday wondering why their holdings had taken such a drubbing overnight. The sharp fall in mainland and Hong Kong-listed stocks was all the more incongruous given third quarter GDP figures, which had been delayed by a week, were...
Revealed: stocks with the most weekly upgrades and downgrades
Thursday 27 Oct 2022Using data from Stockopedia Shares has identified those stocks which have the most upgrades and downgrades over the past week. Among the stocks where analysts have been nudging forecasts higher, tobacco firm Imperial Brands ( IMB ) stands out. We looked at the Imperial Brands investment case in...
Why FTSE 250 piping group Genuit is down in the dumps
Thursday 27 Oct 2022Once a favourite among UK fund managers, Genuit ( GEN ) has fallen out of favour this year with a near-60% share price loss. The FTSE 250 company, formerly called Polypipe, is one of Europe’s biggest plastic piping manufacturers and is also involved in underfloor heating and ventilation. The £630...
Tesla hints at $10 billion share buyback to prop up sagging share price
Thursday 27 Oct 2022Electric vehicle maker Tesla (TSLA:NASDAQ) is mulling a massive share buyback as it looks to bolster its stock price. Elon Musk recently revealed that the Tesla board has ‘debated the buyback idea extensively,’ and that the general feeling was that it ‘makes sense’. Musk said that it was ‘likely...
Find out why Frasers has bagged a stake in ASOS
Thursday 27 Oct 2022Like Ashley-controlled retail conglomerate Frasers ( FRAS ) has become troubled online fashion seller ASOS’ ( ASC ) fourth biggest shareholder and increased its investment in German fashion brand Hugo Boss (BOSS:ETR) . These bold investments have been made despite further evidence of a downturn in...
Why Netflix’s big move into advertising is getting investors excited
Thursday 27 Oct 2022Although expectations for subscription growth had been significantly lowered after two disappointing quarters, Neflix’s (NFLX:NASDAQ) big third quarter beat puts it back on the growth track. The maker of Better Call Saul and Stranger Things is evolving its business model by segmenting its customer...
Pearson’s digital transformation puts it on an upward path as margins improve
Thursday 27 Oct 2022Education publisher Pearson ( PSON ) has been one of the big winners in 2022 with the shares up 60% compared with a drop of 6% in the blue-chip FTSE 100 index. A key driver has been the momentum in the business which has prompted analysts to revise their earnings forecasts up significantly. Since...
Insurance industry braces for multi billion pound hurricane losses
Thursday 20 Oct 2022Less than a month after Hurricane Ian, a large and highly destructive Category Four Atlantic storm which devastated large parts of Florida, estimates of its impact are rising rapidly. Initial forecasts put the cost of the storm at between $20 billion and $30 billion, but once the full extent of the...
Why a Kroger-Albertsons combination could turbocharge Ocado’s growth
Thursday 20 Oct 2022Sentiment towards Ocado ( OCDO ) has soured year-to-date as pandemic gains fade and the cost-of-living crisis impacts its online grocery delivery business. But the share price ripened on news of a planned groceries mega-merger between Kroger (KR:NYSE) and Albertsons (ACI:NYSE) which, if it gets the...
New chancellor calms financial markets, but some big stresses are still to come
Thursday 20 Oct 2022In a bid to calm financial markets the new chancellor Jeremy Hunt has rowed back (17 October) virtually all the proposed tax cuts in the mini budget while the cap on energy bills will now only last until April 2023 rather than for two years. Long-dated UK gilt prices surged 5% higher as yields...