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Thungela plots bumper dividend despite coal price retreat
Thursday 09 Dec 2021Despite observing a recent moderation in thermal coal prices, £518 million coal producer Thungela Resources ( TGA ) is on track to deliver a bumper maiden dividend – with a recent trading update (6 Dec) giving the shares a significant lift. The South Africa-based operator, spun out of Anglo...
Stocks relevant to efforts to licence vaping for medical use
Thursday 09 Dec 2021The UK could soon be the first country in the world to licence e-cigarettes or vapes as a medicinal product available on prescription in an effort to help people stop smoking. The news from the Medicines and Healthcare Products Regulatory Authority sent shares in medical cannabis firm Kanabo ( KNB...
New listing rules aim to bring more innovative companies to London
Thursday 09 Dec 2021In a bid to improve the attractions of the UK stock market as a venue of choice, the Financial Conduct Authority has introduced new rules for companies wanting to float their shares in this country. Firms can now list with a dual class structure within the London Stock Exchange’s premium listing...
What Omicron means for the markets
Thursday 02 Dec 2021The emergence of Omicron, a new Covid variant, has negatively impacted investor sentiment thanks to the possibility of further lockdowns and the associated economic disruption. There are several issues that have the potential to impact stock markets – beyond the simple impact of renewed...
Biotech shares given big boost by new variant
Thursday 02 Dec 2021News of the fresh Omicron variant of Covid put a rocket under biotechnology shares which have pioneered novel mRNA vaccines. Biotechnology firms Moderna and BioNTech surged 21% and 14% respectively when the news broke last Friday (26 Nov) while the share price movements in AstraZeneca ( AZN ) ,...
Latest Future upgrades put it on the cusp of FTSE 100
Thursday 02 Dec 2021Shares in media group Future ( FUTR ) surged by 15.9% to £36.98 following the announcement of its full year results (30 Nov). This advance means the shares have doubled since the start of 2021 and are up more than 23-fold in the last five years. A £4.5 billion market valuation suggests Future could...
Klarna boost for Chrysalis
Thursday 02 Dec 2021Chrysalis Investments’ ( CHRY ) net asset value ( NAV ) per share grew by 7.7% to 251.96p in the third quarter to 30 September 2021, taking year-to-date NAV growth to an impressive 39.4%. The private equity trust, which supports tech disruptors with later stage and pre-IPO funding, many of which...
Roblox shares jump 56% in a fortnight on metaverse craze
Thursday 25 Nov 2021Shares in gaming platform Roblox have risen by 56% in value since 9 November when it reported strong demand and outlined a road map to grow its platform to 1 billion users. Roblox has become a meme stock related to the huge demand for everything related to the metaverse – a virtual world that...
Will BT and Vodafone be next after Telecom Italia takeover bid?
Thursday 25 Nov 2021KKR’s €33 billion offer for Telecom Italia has ignited speculation that the European telecoms sector is now firmly in the sights of private equity buyers, with shares in BT ( BT.A ) and Vodafone ( VOD ) in the spotlight. Telecom Italia said the US buyout fund had offered €0.505 a share in cash, a...
Amazon’s Visa dispute could shape digital payments power struggle
Thursday 25 Nov 2021Amazon’s spat with credit card giant Visa could shape the power struggle between merchants and payment processing providers. Amazon last week declared it would no longer accept Visa credit cards issued in the UK from 19 January 2022, citing high payment fees. Visa and Mastercard announced increases...