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Resilient Greggs holds firm on outlook in good start for Roisin Currie
Thursday 06 Oct 2022Food-on-the-go firm Greggs ( GRG ) served up a surprisingly positive trading update for the third quarter to 1 October, with like-for-like sales from company-managed stores up 9.7% year-on-year. Admittedly, growth did moderate in August as the food-to-go retailer lapped a prior year comparative...
Sterling, stocks and gilts hit: here’s what could happen next
Thursday 29 Sep 2022In the early hours of 26 September, days after a mini-Budget which belied its modest billing, sterling hit its lowest level against the dollar on record. Since new chancellor Kwasi Kwarteng sat down in the chamber having delivered his statement the market reaction has been savage as the pound sinks...
Tesco, Greggs and Wetherspoon to reveal state of the UK consumer
Thursday 29 Sep 2022A trio of companies with value credentials are about to update the market on the health of the UK consumer. Upcoming statements from Tesco ( TSCO ) , Greggs ( GRG ) and pubs operator JD Wetherspoon ( JDW ) will allow investors to take the temperature of a consumer buckling under the strain of the...
What Mike Ashley’s exit from Frasers board means for its future direction
Thursday 22 Sep 2022Four decades since starting his retail empire with a single sports shop in Maidenhead, Mike Ashley has announced plans to step down from Sports Direct owner Frasers’ ( FRAS ) board. While Ashley stepped down as CEO in May this year to become executive director, to all intents and purposes he was...
Warning signals are mounting for markets as investors take fright
Thursday 22 Sep 2022During the summer months it seemed like markets were playing a game of chicken with the US Federal Reserve, viewing any sign of weak economic news as ‘good’ in the hope it may convince the central bank to pause or even reverse its policy tightening. But the Fed has been resolute in its message and...
Why sentiment towards Netflix shares is starting to improve
Thursday 22 Sep 2022Shares in TV and film streaming platform Netflix (NFLX:NASDAQ) are down 60% year-to-date amid a subscriber exodus and fears the streaming market is becoming oversaturated. However, sentiment towards Netflix is starting to improve after various analysts upgraded their ratings on the shares. Netflix’...
UK tech in the sights of private equity again as GB targeted
Thursday 15 Sep 2022Identity data intelligence platform provider GB Group ( GBG:AIM ) has become the latest UK technology company to catch the eye of potential buyers after confirming talks with Chicago-based private equity firm GTCR. No financials details have been disclosed so far although we do know that the...
US inflation proves stickier than hoped as UK introduces energy bill freeze
Thursday 15 Sep 2022To paraphrase US senator Robert Kennedy, we live in interesting times whether we like it or not. With a change of monarch, a change of prime minister, an energy crisis, a weakening economy and rising interest rates, they are also uncertain times. Fears about the inflationary backdrop were stoked...
Two new alternative investment trusts prepare for main market listing
Thursday 15 Sep 2022There was interest this week in two new investments trusts coming to market, each promising an inflation linkage aimed at offsetting potentially higher costs and interest rates. First up is The Sustainable Farmland Trust which aims to raise £200 million to invest in US agricultural assets. The US...
UK investors pull a record £1.93 billion out of stock-based funds
Thursday 08 Sep 2022August saw UK-based investors desert equity funds in the biggest monthly sell-off on record, according to the latest Fund Flow Index from Calastone, the largest global funds network. The record net £1.93 billion outflow easily beat the previous records set in June and July 2016, when the Brexit...