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Communications kit designer Filtronic receives boost from SpaceX
Thursday 26 Sep 2024Communications equipment specialist Filtronic (FTC:AIM) has Elon Musk’s space exploration company SpaceX to thank for recent share price gains. Over the past year Filtronic shares are up 336% as the company continues to maintain a relationship with SpaceX first announced in April 2024. On 30 August...
Investment trust sector celebrates ‘leap forward’ on cost disclosure
Thursday 26 Sep 2024The investment trust sector is in celebratory mood after the Labour government and the FCA (Financial Conduct Authority) announced (19 September) they will exempt London-listed investment trusts from the EU’s PRIIPs (Packaged Retail and Insurance-based Investment Products regulation) and Mifid...
Microsoft, BlackRock, Nvidia back enormous new AI datacentre fund
Thursday 26 Sep 2024The world’s leading companies from the software, investment and microchip industries are to join forces to set-up an enormous new investment vehicle aimed at developing next generation AI (artificial intelligence) infrastructure and datacentres. Microsoft (MSFT:NASDAQ) and BlackRock (BLK:NYSE) ,...
Chinese economic data piles pressure on leadership to take bold steps
Thursday 19 Sep 2024The mood music coming out of China hasn’t improved over the summer, with the latest figures showing factory output, consumption and investment all fell more than forecast in August. At the same time, the decline in residential property prices seems to be accelerating with new-home prices in 70...
Can Costco continue to deliver the goods?
Thursday 19 Sep 2024Disappointing results from US discounters Dollar Tree (DLTR:NASDAQ) and Dollar General (DG:NYSE) have confirmed the US consumer is under pressure, but the quest for value is playing to the strengths of retail goliaths such as Walmart (WMT:NYSE) and high-flying Costco Wholesale (COST:NASDAQ) , whose...
Shares in International Consolidated Airlines reach for the sky
Thursday 19 Sep 2024With little fanfare, shares in British Airways and Iberia owner International Consolidated Airlines Group (IAG) have climbed 25% over the last two months to hit a new 12-month high of 200p. In a surprise turn of events, the firm announced at the beginning of August it had terminated its agreement...
Building materials group SIG hits rock-bottom on weak European sales
Thursday 19 Sep 2024Shares in Sheffield-based FTSE 250 building products firm SIG (SHI) hit their lowest level since the pandemic this month, bringing year-to-date losses to almost 40%. In its interim trading update the company revealed sales in May and June were below forecasts, having failed to recover from the...
Intel rolls the dice on foundry spin out, but will it be enough?
Thursday 19 Sep 2024Chip maker Intel (INTC:NASDAQ) plans to split out its chip manufacturing operations from its design capabilities in a strategic move that it hopes will help reinvigorate growth and halt its dismal share price performance. The Santa Clara-based business hopes that spinning out its Intel Foundry...
Report reveals UK pension funds have remarkably low domestic share holdings
Thursday 12 Sep 2024A study by think tank New Financial has revealed UK funds have a significantly lower absolute and relative allocation to domestic listed and unlisted stocks than almost any of their global peers. The report, by William Wright and James Thornhill, concludes UK pension funds could increase their...
US August payrolls fail to quell investor worries of hard landing
Thursday 12 Sep 2024US August non-farm payrolls were hotly anticipated for several reasons, not least because Federal Reserve chair Jerome Powell told investors he was more concerned about the health of the labour market than accelerating inflation at his Jackson Hole symposium speech on 23 August. July’s big miss,...