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European markets nervous as French president Emmanuel Macron calls snap election
Thursday 13 Jun 2024European markets reacted badly to president Emmanuel Macron’s call for a snap French election after far-right parties made major gains in the European elections held over the weekend. Macron’s decision on Sunday to suspend parliament and force an election next month was triggered by the far-right...
Moderna in prime position to offer first combined flu/Covid shot
Thursday 13 Jun 2024Covid-19 stock market darling Moderna (MRNA) appears to be getting its mojo back with investors following a punishing 85% drop in the shares from their September 2021 highs. Over the last six months Moderna’s shares have more than doubled and despite the fall over the past couple of years, they...
Raspberry Pi float off to great start, can it reinvigorate UK-listed tech sector?
Thursday 13 Jun 2024Affordable computer developer Raspberry Pi (RPI) made a stunning debut on the London Stock Exchange with its IPO (initial public offering) priced at 280p, the top end of the range, and the shares surging 30% higher to 360p in early dealings, valuing the company at nearly £700 million. UK tech...
Indivior shares give up gains ahead of move to the US
Thursday 13 Jun 2024Opioid-use disorder treatment specialist Indivior (INDV) shot out the blocks in the early part of 2024 driven by stronger than expected full-year profit, (22 February) a strong outlook and excitement over its proposed US Nasdaq listing. Since then, the shares have lost nearly 30% of their value...
Bloomsbury’s purchase of US academic publisher signals acceleration of strategy
Thursday 06 Jun 2024Shares in Bloomsbury (BMY) gained more than 10% last week as the publisher increased its footprint in North America with a strategic acquisition. Bloomsbury shares have gained nearly 30% year-to-date. The successful publisher of science fiction and fantasy books showed investors it was intent on...
Ferrexpo shares slump on war, government spats and legal issues
Thursday 06 Jun 2024Ukrainian iron ore mining group Ferrexpo (FXPO) has seen its shares slump 40% in the last three months amid ongoing nervousness over the conflict with Russia as well as spats with the government and legal issues. This has overshadowed operational progress with the company reporting on 23 April its...
Indian stocks retreat from record high on third term for prime minister Modi
Thursday 06 Jun 2024Indian stocks have been on a roller-coaster ride this week buffeted by uncertainty on the outcome of the election as prime minister Narendra Modi was on course to bag his third consecutive term in office. The BSE Sensex index comprising India’s 30 largest companies by market capitalisation surged 3...
Why Shein’s £50 billion IPO will give ASOS and Boohoo the shivers
Thursday 06 Jun 2024As Shares goes to press, reports suggest online fast-fashion behemoth Shein is preparing an IPO (initial public offering) on the London Stock Exchange after its attempt to list in New York faced opposition from US lawmakers due to perceived China links. The IPO could value the fashion group at...
Latest index shake-up sees Darktrace bump Ocado out of the FTSE 100
Thursday 06 Jun 2024For readers who may not be aware, being market-cap weighted both the FTSE 100 and the FTSE 250 index are reviewed and rebalanced every three months to take account of share price movements. In the previous review, which took place at the end of February, budget airline group EasyJet (EZJ) won...
Watches of Switzerland shares fall on flagging demand for luxury goods
Thursday 30 May 2024Luxury watch retailer Watches of Switzerland (WOSG) is one of the worst performers in the mid-cap FTSE 250 index over the last six months, with its shares falling by around a third. The bulk of the share price losses came in January after the timepiece retailer downgraded full year 2024 revenue...