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China trusts under pressure from coronavirus fears
Thursday 06 Feb 2020JPMorgan Chinese (JMC) and Fidelity China Special Situations ( FCSS ) have both suffered falling share prices. Since mid-January, the former is down 6.9% and the latter has fallen 7.7%. The market is in part pricing in the economic impact of the deadly coronavirus outbreak on the world’s second...
Sales growth challenges weigh on Diageo and Unilever shares
Thursday 06 Feb 2020Two of the best known companies on the UK stock market, Diageo ( DGE ) and Unilever ( ULVR ) , have seen their shares marked down amid signs of slowing growth. Drinks giant Diageo’s shares have fallen 13% since September, not helped by the Johnnie Walker maker downgrading full year 2020 organic...
The key challenges facing new BP boss
Thursday 06 Feb 2020After a near-decade-long tenure during which he won plaudits for restoring BP’s ( BP. ) fortunes, Bob Dudley has stepped down in style after the oil producer beat fourth quarter expectations and raised its dividend (4 Feb). His successor Bernard Looney, an internal appointment, arguably faces...
Surging stock prices mask concerns about a US economic slowdown
Thursday 06 Feb 2020Despite the recent stellar share price performance of ‘new economy’ stocks such as Amazon, Apple and Tesla, and an unexpectedly strong reading for the January US manufacturing Purchasing Managers’ Index ( PMI ) data, there is mounting evidence that the underlying US economy is slowing. This...
The companies in the race to find a coronavirus cure
Thursday 06 Feb 2020The rapid spread of the coronavirus with its potential to cost the global economy four times more than the $40bn SARS epidemic, as well as human misery, has energised global healthcare companies to find a cure. In the absence of an approved vaccine, which could take months to be tested and approved...
Burford Capital shares gain despite earnings warnings
Thursday 06 Feb 2020A warning from litigation funding firm Burford Capital ( BUR:AIM ) that profit for 2019 would be lower than the previous year didn’t trouble investors who bid up the shares 2.9% to 672.5p on the news. The profit setback was caused by the timing of realised and unrealised gains. The market instead...
Cabot Square Alternatives eyes £200m IPO
Thursday 30 Jan 2020Investors will soon have a new way of accessing returns from the alternatives sector as an innovative new addition to the investment trust sector prepares to list on London’s Main Market on 18 February. Cabot Square Alternatives , which will trade under the ticker ‘ALTS’, is looking to raise £200m...
The story behind the share price collapse at Finablr
Thursday 30 Jan 2020Shares in global payments platform Finablr ( FIN ) plunged nearly 30% on 24 January and remain under the cosh at 94p. This is after the company announced that its majority owner and founder, UAE-based billionaire B.R. Shetty, had pledged 392.2m stocks, roughly 56% of the company’s shares, for...
How the coronavirus might impact your investments
Thursday 30 Jan 2020After a promising start to 2020, the markets are reeling from the outbreak of the Chinese coronavirus and the impact the deadly virus could have on the global economy. As we write the FTSE 100 is trading at its lowest levels since mid-December as investors look for clarity on just how serious the...
What should investors do with Fevertree after share slump?
Thursday 23 Jan 2020A very disappointing trading update has left investors wondering what to do with premium tonic seller Fevertree Drinks ( FEVR:AIM ) . Its shares dived 27% to a three-year low of £14.53 on 20 January after missing earnings expectations for 2019. Sales to 31 December were up just 10% to £260.5m. In...