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What tender offer means for Polar Capital Global Financials Trust investors
Thursday 22 May 2025Investment trust Polar Capital Global Financials Trust (PCFT) is offering shareholders an easy exit at a premium to the current share price, cutting fees and boosting its commitment to future dividends in sweeping changes. The investment trust has launched a tender offer of its issued share capital...
Moody's cuts US credit rating
Thursday 22 May 2025The downgrade of US creditworthiness from its pristine ‘triple A’ status by Moody’s (MCO:NYSE) comes at a fragile time for investors trying to gauge the impact from tariffs amid a ballooning government budget deficit. Given that fellow credit rating agencies Fitch and Standard and S&P Global (...
These are the stocks ‘guru’ investors have been buying and selling this year
Thursday 22 May 2025He may be retiring in December, but the ‘Sage of Omaha’ still has one or two more tricks up his sleeve and investors are still curious to know which shares Berkshire Hathaway (BRK.B:NYSE) has been buying and selling this year. In the group’s latest SEC filing, Berkshire was a net seller of US...
Buy into chemicals company Victrex at an attractive valuation
Thursday 22 May 2025Victrex (VCT) 796p Market cap: £697.29 million In our view chemicals firm Victrex’ (VCT) current valuation is attractive and a great opportunity for investors to snap up the shares. Over the past 30 years the FTSE 250 company has delivered solid earnings growth on a long-term view. The shares are...
It’s business as usual for contractor Costain as shares hit five-year high
Thursday 22 May 2025It has been a good 2025 so far for construction and infrastructure firm Costain (COST) , with the shares gaining 15% to a five-year peak of 122p. In March, the company posted an 18% jump in profit for 2024, despite a dip in revenue, and a record 38% increase in its forward work position to £5.4...
Victorian Plumbing shares hit new low as group plans MFI comeback
Thursday 22 May 2025Its first-half results announcement should have been a moment for celebration, but investors thought otherwise and sent shares in Victorian Plumbing (VIC:AIM) spiralling down the plughole to a 12-month low. The firm reported an increase in sales and market share, with strong growth in the second...
Why shares in sofa seller DFS Furniture are springing back
Thursday 15 May 2025Shares in DFS Furniture (DFS) have rallied 16% year-to-date to 163p, taking one-year gains to almost 50%, following an unexpected profit upgrade from the sofa seller and hopes the Bank of England’s interest rate cuts will boost big-ticket spending. Green shoots of recovery are emerging at DFS, the...
Raft of bad news sends Mobico shares 62% lower year-to-date
Thursday 15 May 2025National Express coach owner Mobico (MCG) has seen its shares fall 85% over the past five years as recovery remains slow since the Covid pandemic. Last March it lowered annual profit guidance and delayed the publication of its results due to audit issues at its German business. Fast forward to 29...
UK consumer confidence falls as unemployment begins to rise
Thursday 15 May 2025The latest survey from consultants PwC shows another fall in UK consumer sentiment and a new round of belt-tightening by households concerned over the state of the economy, the job market and their finances. Following on from what the firm calls the ‘vibecession’ shown in its Autumn survey last...
Markets enjoy relief rally as China and US step back from brink of all-out trade war
Thursday 15 May 2025Initial enthusiasm may have waned but US stocks are still comfortably above their pre-Liberation Day levels following a de-escalation in the tariff stand-off between the US and China. A 90-day reduction in US tariffs on Chinese imports from 145% to 30% and Chinese tariffs on US imports from 125% to...