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Why athleisure is holding up but demand for fast fashion is fading
Thursday 28 Jul 2022According to the latest ONS data (22 July), UK retail sales volumes fell by 0.1% in June following a 0.8% decline in May 2022 as soaring inflation and the cost-of-living crisis put the squeeze on consumers. However, two sector constituents shrugging off the wider malaise are Sports Direct owner...
Profit warnings galore as companies struggle with higher costs and lower demand
Thursday 21 Jul 2022Insurer Direct Line ( DLG ) , food delivery platform Deliveroo ( ROO ) , sofa seller Made.com ( MADE ) and chocolatier Hotel Chocolat ( HOTC:AIM ) are among the latest companies to warn about earnings as inflationary pressures and recession fears bite. In general, companies issuing profit warnings...
Find out why consumer health group Haleon’s debut fell flat
Thursday 21 Jul 2022Shares in Haleon ( HLN ) slipped 6.6% in a disappointing debut (18 July) as a standalone business on the London Stock Exchange following the consumer healthcare group’s long-awaited demerger from GSK ( GSK ) . The stock dropped from a 330p start price to 308.35p on the first day of dealings and as...
Investors are rushing to exit funds as small cap specialists really suffer
Thursday 21 Jul 2022Recent fund flows data suggests investors have been withdrawing money from the market rather than waiting for it to rebound. According to Morningstar’s asset flows report, in June investors redeemed £2.6 billion from open-ended UK equity funds. This chimes with recent announcements from asset...
Wealth preserver Ruffer warns bear market is ‘only mid grizzle’
Thursday 21 Jul 2022Capital preservation trust Ruffer’s (RICA) portfolio is the most defensively positioned it has been since 2003, with its managers believing the worst is not yet over for stocks and other risk assets. Co-manager Duncan MacInnes told the AJ Bell Money & Markets Podcast that ‘investors under the...
Fevertree’s earnings forecasts slashed by nearly 50% after problems get worse
Thursday 21 Jul 2022The combination of supply chain problems and rising costs has prompted analysts to nearly halve their earnings per share forecasts for Fevertree Drinks ( FEVR:AIM ) for each of the next three years. The manufacturer of premium mixers warned on 15 July that several factors, including the soaring...
Collapse of Elon Musk’s Twitter deal could spark Tesla share price recovery
Thursday 14 Jul 2022Elon Musk’s decision to abandon his $44 billion takeover bid for Twitter (TWTR:NYSE) could potentially help Tesla’s (TSLA:NASDAQ) share price recover from big losses this year. Shares in the electric vehicle company have lost nearly 40% to $703 since Musk first pitched the idea of buying the micro-...
Kistos aims for £1 billion tie-up with Serica to create North Sea oil and gas champion
Thursday 14 Jul 2022A potential merger between North Sea gas producers Kistos ( KIST:AIM ) and its larger peer Serica Energy ( SQZ:AIM ) could create a FTSE 250 outfit with wider strategic importance. Russia’s invasion of Ukraine and its recent renewed threat to cut off gas supplies to Europe, plus the role of gas as...
The 2022 AGM season is seeing shareholder rebellions on pay gather pace
Thursday 14 Jul 2022Shareholders are baring their teeth as the annual general meeting season progresses, as Shares predicted would be the case back in April. Unsurprisingly, given many investors will have taken a fair amount of pain so far in 2022, much of the action has centred around pay for top executives. Among...
The big US companies reporting over the next week and what it could mean for the economy
Thursday 14 Jul 2022The second quarter US earnings season kicks off today (14 July) with banks JPMorgan (JPM:NYSE) and Morgan Stanley (MS:NYSE) reporting before the market open. This quarter takes on more significance than usual because of increasing concerns that rising interest rates and higher inflation caused by...