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Copper has entered a bear market and history tells us it’s not a good sign
Thursday 30 Jun 2022Friday 24 June marked a gloomy milestone in the metals market as the copper price officially entered ‘bear’ territory, having tumbled more than 20% from its March peak to $8,255 per tonne. In the past three months, traders seem to have given up hope of a ‘soft landing’ for the US economy as the...
Supermarket sales slide extends to over a year as shoppers trade down
Thursday 23 Jun 2022The latest supermarket ‘till roll’ from Kantar for the 12 weeks to mid-June makes for more unhappy reading for the industry and consumers. Total sales by value in the period, which included the Platinum Jubilee celebrations, shrank by 1.9% due to a more than 10% fall in the number of items...
Trustpilot pulls forward breakeven target at its big investor day
Thursday 23 Jun 2022Online reviews and analytics platform Trustpilot ( TRST ) believes it will hit breakeven in 2024, on an EBITDA basis (earnings before interest, tax, depreciation and amortisation), sooner than most analysts are forecasting. The Danish company which listed in London in March 2021, revealed its...
Henderson manager hits the sell button on Shell
Thursday 23 Jun 2022It’s time to sell shares in FTSE 100 oil producer Shell ( SHEL ) , according to Henderson Opportunities Trust (HOT) manager James Henderson. The trust will slowly reduce its position and recycle the proceeds into unloved AIM shares. Sentiment has shifted for AIM stocks. Two years ago, a wave of...
Why Primark's plan to trial new click and collect service could be smart
Thursday 23 Jun 2022Budget retail chain Primark will launch a UK click and collect trial on children’s products towards the end of the calendar year in what looks a useful halfway house into online retail at a tough time when the channel is weakening as cash-strapped consumers change their behaviour. Owned by foods-to...
How rising interest rates are increasing the risk of recession
Thursday 23 Jun 2022While all eyes were on the US Federal Reserve’s three-quarter point interest rate increase last week (15 June) the European Central Bank was conducting an emergency meeting to discuss the risks of fragmentation across the 19 countries of the eurozone. The ECB is worried about its one-size-fits-all...
Apple’s push into advertising poses challenges for Meta, Alphabet and Snap
Thursday 16 Jun 2022A pple (APPL:NASDAQ) is reportedly developing its own advertising business which incorporates detailed user data, including the types of apps downloaded and news stories consumed, according to The Sunday Times . If successful, this could provide a lucrative new source of income for Apple and could...
Airline shares dive amid prospect of high compensation costs
Thursday 16 Jun 2022The UK’s airline industry is bracing for a huge spike in passenger compensation payouts. Chaos at UK airports continues to see widespread flight cancellations as operators and transport hubs struggle to cope with surging demand as Covid restrictions are lifted. That casts a cloud over the sector’s...
Why shares in Primark parent Associated British Foods are languishing near five-year lows
Thursday 16 Jun 2022A ssociated British Foods’ ( ABF ) third quarter trading update on 20 June will provide investors with a window into the fortunes of its budget clothing arm Primark and whether sales and profits have started to tail off. Shares in the FTSE 100 foods-to-fashion conglomerate were priced at £15.72 at...
How decades high US inflation and new ECB direction are leading to market turmoil
Thursday 16 Jun 2022Economic data and central bank decisions are proving pivotal for markets and are setting the stage for a potentially difficult time for shares and bond investors alike over the rest of the summer. The ECB (European Central Bank) on 8 June signalled lift-off for higher interest rates at its July...