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Gold tops $1,900 again as it regains its haven credentials
Thursday 03 Jun 2021After retreating from its all-time highs as markets started rallying from November 2020 onwards, gold is starting to make a comeback having topped $1,900 an ounce for the first time since the start of January. Data from Bank of America at the end of May shows gold has seen in its largest inflows in...
Competitive pressures face new listing Made.com
Thursday 03 Jun 2021High-end designer furniture site Made.com plans to float on London’s Main Market with a £100 million funding that would reportedly value the online retailer at around £1 billion. The company plans to capitalise on the online shift accelerated by the Covid crisis and gobble up share in a fragmented...
Aveva eyes renewables as part of its digitisation growth strategy
Thursday 03 Jun 2021Industrial engineering software company Aveva ( AVV ) is confident that it will prosper from the mass move to renewable energy and environmental efficiency by driving digital transformation. The UK’s largest listed software company, worth £10.5 billion, Aveva provides engineering, design and...
The stocks affected by the UK rail system shake-up
Thursday 27 May 2021The biggest shake-up to railways in a generation could have a huge impact on one London-listed transport stock and a limited effect on others. Flexible season tickets, more e-tickets and a simpler way of buying them have all been promised by the Government with the formation of a new state-owned...
Oil price could surge one more time on exploration clampdown
Thursday 27 May 2021A bombshell report from the US-based International Energy Agency has effectively set the clock on the end of fossil fuels but the implications of its forecasts could include a last hurrah for the oil price. In the starkest terms the IEA has said exploitation of new oil, gas and coal projects must...
Potential shift by US central bank could be bad for stocks
Thursday 27 May 2021Investors should watch the US Federal Reserve very closely as the central bank is showing signs of a shift in thinking. This could have major implications for the direction of stocks. The US economy grew at an annual rate of 6.4% in the first quarter of 2021, the second fastest since 2003 while...
UK stocks slump as inflation doubles in April
Thursday 20 May 2021Inflation concerns have dominated stock markets and UK figures on 19 May show, as economists have feared, it’s making a comeback. Consumer inflation in the UK rose from 0.7% in March to 1.5% in April ahead of the 1.4% forecast. Although this has been mainly down to one-off influences like rising...
This year’s UK IPOs reward investors despite Deliveroo and Alphawave flops
Thursday 20 May 2021Coming just six weeks after shares in food takeaway platform Deliveroo ( ROO ) dropped more than 30% on its first day as a public company, the negative reaction to chip designer Alphawave IP’s ( AWE ) market debut – down 10% in a day – has lead to wider concerns about London’s merits as a listing...
Indian Covid strain a threat to hospitality and travel sectors
Thursday 20 May 2021A big story of the first four-and-a-bit months of 2021 has been a recovery for UK assets with the domestic-facing FTSE 250 index reaching all-time highs and sterling recently hitting $1.42 against the dollar for the first time since 2018. Sentiment towards the UK has been boosted by the successful...
Is good news on the UK property surge now priced into housebuilders?
Thursday 20 May 2021The muted reaction to a positive update from housebuilder Vistry ( VTY ) on 17 May suggests the market has already priced in the current buoyant property sector conditions and may be concerned about their sustainability. In the wake of the pandemic there has been booming demand for UK houses and a...