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Anglo American investors to get free shares in new coal miner
Thursday 15 Apr 2021Investors in Anglo American ( AAL ) will get free shares in another mining company after the FTSE 100 group decided to spin off its thermal coal assets. Anglo’s coal assets will be transferred to a separate company called Thungela, which will be listed on both the London and Johannesburg stock...
Investors upbeat on holidays return but analyst shares TUI fears
Thursday 08 Apr 2021Travel stocks have reacted positively as the Government confirmed plans for a traffic light system to allow international travel to resume. The current restart date for international travel and holidays abroad is 17 May, and from that date there will be a list of green, amber and red countries...
Beverages sector poised for summer of socialising, sodas and snacks
Thursday 08 Apr 2021With prime minister Boris Johnson sticking to his roadmap and jabs being injected into the arms of a grateful global population, the grand economic reopening that beverage businesses have been clamouring for since the pandemic clobbered the sector is upon us. As out-of-home sales channels such as...
Europe powers ahead in 2021 as banks and carmakers beat tech
Thursday 08 Apr 2021Despite a troubled vaccine rollout programme in both countries, Germany’s DAX 30 and France’s CAC 40 have been the stock market stars on the global stage so far in 2021 as investors move away from tech stocks and into cheaper industrial names. A 9.4% first quarter rise in the DAX has led it to hit...
Deliveroo off to ugly start as stock plunges
Thursday 01 Apr 2021Takeaway platform Deliveroo’s ( ROO ) much-hyped stock market debut was a disaster as the stock plunged as trading in its shares began (31 Mar). Having priced the IPO (initial public offering) at 390p per share, the stock opened at 330p and it only got worse from there as Deliveroo briefly dipped...
Call for investment trust dividend cover transparency
Thursday 01 Apr 2021Given the extraordinary events over the last year which resulted in UK dividends falling an unprecedented 44.1%, research group Stifel argues more transparency is needed on reported dividend cover at investment trusts. One of the advantages that investment trusts have over open-ended funds is their...
Chinese stocks battered by storm of negative news
Thursday 01 Apr 2021When it rains, it pours seems to be an appropriate adage for Chinese stocks at the moment with investors in the country hit by a cornucopia of bad news including increased regulation, rising tensions with the Biden administration in the US and a crackdown on Chinese firms listed in New York. Big...
Online used car retailer Cazoo revs up for US float
Thursday 01 Apr 2021London’s listed car dealers could soon face stiffer competition from an online disruptor with a souped-up balance sheet and increased brand awareness as used car website Cazoo motors onto the New York Stock Exchange. Founded as recently as 2018 by tech tycoon Alex Chesterman, Cazoo plans to go...
Travel firms face another cash call if summer is a flop
Thursday 25 Mar 2021Airlines and tour operators might have to ask investors and/or lenders for more money to survive another year with summer holidays potentially in doubt. Summer 2021 had been earmarked as the period where the sector could finally see a meaningful recovery, but politicians have cautioned people...
Scottish Mortgage faces future without talisman James Anderson
Thursday 25 Mar 2021The resignation of James Anderson as co-manager of Baillie Gifford-run Scottish Mortgage Investment Trust ( SMT ) is not a sign that growth shares have passed their peak. Some cynics believe news of his forthcoming departure calls the top for the type of stocks that have made Scottish Mortgage so...