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Domino’s resolves franchisee dispute but investor doubts linger
Thursday 23 Dec 2021The long running power struggle between the UK and Ireland franchise owner of food delivery chain Domino’s Pizza ( DOM ) and its franchisees has finally been resolved, at least for now. Shares in Domino’s surged 22% on 16 December on the news it had reached a resolution with franchisees, partly...
BuzzFeed IPO flops while LadBible’s listing is a success
Thursday 16 Dec 2021The disastrous reception to BuzzFeed’s US stock market debut earlier this month didn’t stop fellow digital publisher and LadBible owner LBG Media ( LBG:AIM ) from having a successful listing on the UK market on 15 December. LBG Media priced its IPO (initial public offering) at 175p and its shares...
Market not sure about Rentokil’s $6.7 billion deal merits
Thursday 16 Dec 2021After initially receiving garlands from the market with a rising share price, investors quickly became more circumspect on hygiene services and pest control firm Rentokil’s ( RTO ) $6.7 billion deal for US rival Terminix. While the strategic logic of the deal is clear, creating a global market...
Ocado winning robot wars but UK sales have disappointed
Thursday 16 Dec 2021UK online grocery delivery firm Ocado ( OCDO ) won a major victory in a patent infringement battle with Norwegian robot maker AutoStore, prompting its shares to jumped nearly 10% on 14 December. This helped to make up for disappointing fourth quarter trading figures from its joint venture with...
Could Tesco or Sainsbury’s be in the market for Boots?
Thursday 16 Dec 2021Whispers that US retail pharmacy behemoth Walgreens Boots Alliance is putting Boots up for sale suggests an interesting 2022 for Britain’s best-known high street chemist. Speculation is swirling as to who might buy the 172-year-old health and beauty retailer, which would be valued at about £6...
Investors eye last minute Santa Rally on the markets
Thursday 16 Dec 2021There could still be time for the traditional ‘Santa Rally’ on stock markets, spurred on by the latest encouraging data from South Africa on the Omicron variant and positive technical evidence that US shares are building up a head of steam. Case levels in the Gauteng region of South Africa appear...
Vanguard expands LifeStrategy fund range with ESG options
Thursday 16 Dec 2021Pennsylvania-based investment firm Vanguard, which manages $8.4 trillion in global assets across more than 400 funds, has expanded its popular LifeStrategy range with new products aimed at investors wanting to include ESG (environmental, social and governance) factors in their process. The new...
BT could go down a different path for its sports arm
Thursday 09 Dec 2021BT’s protracted £600 million sale of its sports channels to streaming service DAZN could be off after reports emerged that the UK telecoms group was in separate talks with Discovery. The US broadcaster, which already operates the Eurosport channels, is thought to have proposed a joint venture with...
China crackdown on US listings to benefit Hong Kong Stock Exchange
Thursday 09 Dec 2021Tensions between America and China have escalated in recent months. This has been due, in part, to a Chinese preference for its companies to list closer to home coupled with reports that it is intending to ban companies from listing on foreign exchanges. The Biden administration has exacerbated...
Stock markets stage full recovery after Omicron fears
Thursday 09 Dec 2021Stock markets hate uncertainty, and the arrival of Omicron has created an information vacuum which is likely to persist until scientists and economists get to grips with the likely health and economic effects caused by the latest variant of concern. On 26 November, the so-called fear gauge, the VIX...