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Why China’s sabre-rattling over Taiwan matters to UK investors
Thursday 11 Aug 2022Last week’s trip to Taiwan by US House Speaker Nancy Pelosi – the highest-ranking American politician to visit Taipei in 25 years – seems to have been the pretext for China to unleash a demonstration of both its military might and its intention to unify the island with the mainland. While the White...
Why Next wants to own part of struggling retailer Joules
Thursday 11 Aug 2022Cash-strapped clothing and homeware brand Joules ( JOUL:AIM ) looks set to be saved by Next ( NXT ) , although we do not expect the FTSE 100 retailer to buy the company outright. Next is in talks to invest £15 million in Joules and become a strategic minority shareholder. While it has form in...
Fundsmith among the funds hit by £4.5 billion outflows in June
Thursday 11 Aug 2022The highly fragile nature of investor confidence has been revealed in the latest fund flow figures released by the Investment Association. In June UK retail investors pulled £4.5 billion from open-ended funds. This represents the most significant outflow since March 2020, which marked the onset of...
Mixed US second quarter earnings see big tech do better than feared
Thursday 04 Aug 2022Latest quarterly results from many of the world’s biggest and most influential companies haven’t been knocking any balls out of the park, to use the baseball analogy, but nor have they been a complete flop, which qualifies as success in a damp earnings season. The big tech giants conquered their...
Smithson suffers double whammy as shares and net asset value tumble
Thursday 04 Aug 2022The interim trading statement from specialist small and mid-cap investment trust Smithson (SSON) doesn’t make for very happy reading from an investor’s viewpoint. Not only did the company’s NAV (net asset value) drop 31.7%, lagging its global small- and mid-cap benchmark by a whopping 18 percentage...
How most UK banks won the market over with their second quarter results
Thursday 04 Aug 2022The UK domestic banks second quarter reported season has prompted renewed interest in the sector from investors. The results, for the most part, were characterised by earnings exceeding consensus expectations and management upgrading their return on equity forecasts for 2023. NatWest ( NWG ) was...
Coca-Cola provides new demonstration of its pricing power in Q2
Thursday 28 Jul 2022Soft drinks manufacturer Coca-Cola (KO:NYSE) once again demonstrated its ability to offset surging input costs with price increases in its second quarter results (26 July). The company raised its full-year revenue growth forecast by a material amount despite increased costs for aluminium cans and...
Pressure mounts on Vodafone to find acquisition fix for growth conundrum
Thursday 28 Jul 2022Overseas roaming price hikes have helped reverse years of lacklustre growth in the UK for mobile network Vodafone ( VOD ) in the first three months of its financial year to 31 March 2023. But while squeezing Brits abroad helped offset declines in its biggest market Germany, as new regulation had an...
Link report reveals 40% UK dividend growth for Q2 but also concentration risk
Thursday 28 Jul 2022The second quarter Link UK Dividend Monitor has revealed the high concentration risk facing UK income investors. Three quarters of the dividend growth in the second quarter came from the mining, oil and bank sectors. Looking forward mining dividends, which have been the most significant driver of...
Abcam deals big blow to UK investors in battle to list growth companies
Thursday 28 Jul 2022The AIM market looks set to lose its largest listed company after life science research tools supplier Abcam ( ABC:AIM ) said (20 July) it intends to cancel its UK listing to focus on a sole US listing. Abcam said it will put the proposal to a shareholder vote later this year. Although only 10% of...