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Why the timing of Sandberg’s exit from Meta is terrible given severe challenges
Thursday 09 Jun 2022On 1 June Sheryl Sandberg, Meta Platform’s (FB:NASDAQ) chief operating officer, trusted lieutenant and ‘the first real adult in the room at Facebook’, announced her departure from the business. Sandberg’s exit comes at a time when Facebook-owner Meta’s growth has slowed to single digits and risks...
What the latest FTSE reshuffle means for the UK's leading shares
Thursday 09 Jun 2022British Gas owner Centrica ( CNA ) and student property company Unite ( UTG ) look set to be promoted into the FTSE 100 index following the latest quarterly reshuffle of the blue-chip index. The changes become effective on 20 June 2022. Firms only get promoted when their size places them inside the...
Is it finally time to take a proper look at the Chinese market?
Thursday 09 Jun 2022After a fall of nearly 55% in the MSCI China Index between its peak in February 2021 and the middle of March this year, there are signs investors are starting to take an interest in the market again. While the short-term outlook for earnings growth is still fairly poor, ‘we believe the structural...
Tesla and Microsoft give investors fresh reasons to fret
Thursday 09 Jun 2022Elon Musk has again thrust Tesla (TSLA:NASDAQ) into the headlines after knocking back earlier suggestions that the world’s leading electric car maker would be cutting staff numbers by 10%. Adding to growth investor jitters was a cut to fourth-quarter guidance by mega-cap software firm Microsoft (...
Why boot brand Dr. Martens is walking tall by delivering growth
Thursday 09 Jun 2022Forecast-beating annual results (1 June) from iconic footwear brand Dr. Martens ( DOCS ) were delivered despite Covid-related supply issues and drove a rally in the stock as investors applauded progress in its higher margin direct to consumer business. Dr. Martens also pleased investors by...
Find out why market experts think a summer rally could be on the cards
Wednesday 01 Jun 2022Investors are buying stocks again prompting emerging hope of a summer rally off depressed valuations. The early part of last week saw $20.6 billion pour into equities with outflows from cash at $28.2 billion, according to Bank of America’s top strategist Michael Hartnett. That’s the biggest show of...
ANGLE shares surge 58% after gaining US regulatory approval
Wednesday 01 Jun 2022After six long years of gathering data and evidence ANGLE’s ( AGL:AIM ) liquid biopsy platform Parsortix was given regulatory approval from the US Federal Drug Administration for use in the detection of metastatic breast cancer. Although it has been a long wait for investors FDA approval is a...
Why Authentic Brands is favourite to bag Ted Baker
Wednesday 01 Jun 2022New York-based Authentic Brands has emerged as the frontrunner to buy quirky British fashion brand Ted Baker ( TED ) and is reportedly being advised by Bank of America on a £300 million takeover deal. Sky News reports that Authentic Brands, which owns Brooks Brothers, Forever21 and Reebok, is...
A windfall tax shock puts North Sea oil firms on the spot
Wednesday 01 Jun 2022There were two key takeaways for the energy sector from chancellor Rishi Sunak’s cost of living measures (25 May). First the windfall tax – or ‘temporary, targeted energy profits levy’ – went further than the measures proposed by Labour. Second, power generation firms are not out of the woods yet...
Supermarkets are hoping for a bumper Platinum Jubilee spending spree
Wednesday 01 Jun 2022Supermarkets are keeping their fingers and toes firmly crossed that the weather stays nice for the Queen’s Platinum Jubilee bank holiday and customers push the boat out on barbecue food and fizz. According to analysts at Kantar, grocery sales for the 12 weeks to the middle of May were less dire...