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‘Spot The Dog’ survey shows sharp increase in poorly-performing UK funds
Thursday 22 Aug 2024It’s that time of year again when Evelyn Partners releases the summer edition of its ‘Spot The Dog’ report detailing the investment funds which continually deliver poor returns for their investors. As the authors point out, funds don’t make the list because their sectors are out of favour but...
Gooch & Housego outlook clouded by ‘prolonged’ customer de-stocking
Thursday 22 Aug 2024It has been a disappointing start to 2024 for luckless investors in specialist instrument and life-science device-maker Gooch & Housego (GHH) . The company’s share price dropped like a stone in mid-February when the Somerset-based manufacturer warned pre-tax profit for the year to September...
Why Bakkavor is making investors lots of dough
Thursday 22 Aug 2024Bakkavor’s (BAKK) shares have rebounded more than 80% to 153.5p year-to-date, investors regaining their appetite for the fresh prepared food provider amid evidence CEO Mike Edwards’ reset is paying off, an improving outlook with margin-crimping inflation moderating and with debt on the way down. In...
Find out what the top US investors have been buying and selling
Thursday 22 Aug 2024It seems wise to follow what the most successful investors have been buying and selling. US Investment managers are required to file quarterly 13F reports detailing their holdings which gives investors a small insight into what the gurus have been doing. Second-quarter filings for the end of June...
Pressure on Nvidia ahead of fiscal 2025 second quarter amid Blackwell delays
Thursday 22 Aug 2024Wall Street anticipates another strong quarter for Nvidia (NVDA:NASDAQ) as investors’ favourite chip stock prepares to release fiscal second-quarter 2025 results (28 Aug), so the pressure is on. There’s been no sign that demand for the firm’s high-end graphics processing units is waning, the...
Raspberry Pi dishes up new products just two months after its IPO
Thursday 15 Aug 2024Cambridge-based Raspberry Pi (RPI) , the designer and maker of low-cost computing equipment, announced the release this week of Pico 2, a new single-board computer built on RP2350, its new secure microcontroller platform. The new microcontroller offers faster processors, more memory, better...
Why engineering outfit Spirax Group is in a downward spiral
Thursday 15 Aug 2024West Country engineering firm Spirax Group (SPX) is being shunned by investors after its first-half results. The numbers themselves were pretty disappointing but more damaging was the downgraded guidance for 2024 and the implications this has for 2025. The company moved from mid-to-high-single-...
Western businesses are finding life a grind in China
Thursday 15 Aug 2024A series of recent announcements from Western brands and businesses have revealed how tough they are finding life in China. While some of this is linked to the uneven performance of the world’s largest economy, shifting consumer habits and trends are also at play. On 6 August, Holiday Inn owner...
Calm returns to markets ahead of Fed inflation test
Thursday 15 Aug 2024While the sudden spike in volatility which triggered last week’s ‘market reset’ seems to have faded, thankfully, the question of whether the US Federal Reserve has been too slow to cut rates remains. As Shares went to press, traders were waiting for July’s inflation figures, with producer prices...
Beazley shares hit record high as profits almost double
Thursday 15 Aug 2024Shares in specialist insurance underwriter Beazley (BEZ) reached an all-time high at the beginning of August after the firm posted sharply higher half-year earnings and said it saw more business opportunities in underwriting cyber risk insurance. The company, which manages six Lloyd’s of London...