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Musk risks alienating supporters with new political intervention
Thursday 10 Jul 2025Elon Musk could face boardroom revolt if the Tesla (TSLA:NASDAQ) chief executive presses ahead with plans to launch a new political party, and analysts are worried. Shares in the embattled electric vehicle maker fell sharply as investors fear that the move will likely further divert his attention...
Rank hits the jackpot after government relaxes gaming rules
Thursday 03 Jul 2025Shares in Grosvenor casino and Mecca Bingo operator Rank Group (RNK) are up 60% year to date compared with a 5% advance in the FTSE 250 index. The stock has been buoyed by strong trading through the first nine months of the firm’s financial year to the end of June, and the highly-anticipated land-...
Wizz Air shares hit year-low as headwinds continue to grow
Thursday 03 Jul 2025Shares in European budget carrier Wizz Air (WIZZ) recently hit a 52-week low of £10.36 (26 June) as the airline struggles to get a handle on its GTF (geared turbofan) woes and ongoing conflicts in Israel and Ukraine, two of its key markets, disrupt the travel industry. In 2023, Wizz grounded 13...
London’s most senior index, the FT30, turns 90 this week
Thursday 03 Jul 2025Following on the heels of AIM’s 30th anniversary last month, this week marks the 90th anniversary of the FT30 index (on 1 July, to be precise). Never heard of it, you say? Founded in 1935 by the Financial News, it was originally called the Financial News 30-Share Index before changing its name to...
Mystery ‘whale’ seeds JPMorgan’s first actively managed high yield bond ETF
Thursday 03 Jul 2025At a time when credit spreads are historically tight across the spectrum of duration and quality, it is noteworthy that JPMorgan Asset Management announced the launch of its first actively-managed high-yield bond ETF (exchange traded fund). High-yield bonds, sometimes referred to as ‘junk bonds’,...
Nvidia stock strikes new all-time high
Thursday 03 Jul 2025On the last day of June, AI (artificial intelligence) chip design champion Nvidia (NVDA:NASDAQ) set a new all-time share price high closing at $157.99. The new record values the company at $3.85 trillion, making it once again the world’s most valuable company, ahead of both Microsoft (MSFT:NASDAQ)...
A string of lost cases sends Litigation Capital Management shares to five-year low
Thursday 26 Jun 2025Alternative asset manager Litigation Capital Management (LIT:AIM) , which specialises in dispute financing, has seen its shares fall 75% over the last year and recently marked a new five year low of 25.8p. The share price weakness reflects a string of announced case losses, the most recent of which...
Kier shares hit new 52-week high on strong trading
Thursday 26 Jun 2025A combination of a solid trading update and a healthy order book have helped propel Kier (KIE) shares to a new 52-week highs. On 3 June CEO Andrew Davies said the company continued to trade well an ‘in line’ with the board’s expectations and noted that as of 30 April 2025 the order book stood at...
How is Sainsbury's faring in the battle of the supermarkets?
Thursday 26 Jun 2025In Sainsbury’s (SBRY) last set of results for the 52 weeks ending 1 March, the company impressed investors with double-digit growth and an underlying operating profit topping £1 billion. The company also said it had completed a £200 million share buyback and increased its full-year dividend by 4%...
Consolidation trend continues for investment trusts
Thursday 26 Jun 2025Wide discounts to NAV (net asset value), strategic reviews and pressure from activist investors such as Saba have helped spur the record levels of takeover activity in the investment trust sector that shows no sign of letting up. Despite a noticeable narrowing of discounts in recent months, many...