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Weak retail figures and Bank of England gloom dial down rates pressure
Thursday 12 Oct 2023Although the UK experienced the hottest September on record, shoppers showed no sign of loosening their purse strings according to the latest updates from Kantar Worldpanel and the BRC (British Retail Consortium). Combined with a gloomy assessment from the Bank of England of the prospects for the...
Greggs experiences some growing pains but there is no cause for alarm
Thursday 05 Oct 2023The difficulties in hitting its ambitious growth targets were laid bare in Greggs’ ( GRG ) third-quarter trading update (3 October) and combined with a lack of earnings upgrades the shares continue to lose the momentum they had built up over late 2022 and into 2023. There were things to like from...
Federal Trade Commission lawsuit could be the first step in an Amazon break up
Thursday 05 Oct 2023An antitrust lawsuit from 17 states and the Federal Trade Commission against Amazon (AMZN:NASDAQ) represents the US government’s biggest regulatory challenge yet against the e-commerce giant, one that could see the $1.34 trillion company eventually broken up. The landmark case targets Amazon’s...
The UK stock market is almost back on top in the European rankings
Thursday 05 Oct 2023It’s not often the UK stock market gets to blow its own trumpet but in September the FTSE 100 was the best-performing major global index, gaining 2.3%, while Germany’s Dax lost 3%, the S&P500 lost 4% and the tech-heavy Nasdaq 100 ended the month 4.5% lower. Key drivers of international weakness...
Why Digital 9 Infrastructure’s shares are down 60% over one year
Thursday 05 Oct 2023Digital infrastructure investor Digital 9 Infrastructure (DG19) slumped 40% as disappointing first-half results (28 September), showing an 8.8% drop in net asset value (NAV), and the suspension of the dividend sent investors heading for the exits. This extended 12-month losses to more than 60% with...
Future shares jump 20% as publisher paints improved full-year picture
Thursday 05 Oct 2023Shares in Future ( FUTR ) have risen nearly 20% to the 857p mark after it said (29 September) that its adjusted full year profits will now be £254.1 million ‘in line with board expectations.’ This figure represents ‘a turnaround’ of sorts for the publisher who warned back in May that its full year...
Could a wet summer derail recovery at Wetherspoons?
Thursday 05 Oct 2023The UK’s biggest pub group JD Wetherspoon ( JDW ) is due to release its full year results to 31 July on 6 October and, given strong trading in the first 10 weeks of the final quarter, they are likely to at least meet expectations. That looks like a bare minimum given positive investor sentiment...
Soft drink and snack giant PepsiCo's earnings have surprised positively twice this year
Thursday 05 Oct 2023Despite PepsiCo (PEP:NASDAQ) having twice beaten earnings forecasts this year, by an average of 8%, and twice raised its outlook, the shares have fallen close to their lowest level since January on concerns over pricing and its continued presence in Russia. Although the firm raised its sales...
Shares in Orcadian Energy pick up speed as they gain more than 200% in two weeks
Thursday 28 Sep 2023North Sea oil and gas minnow Orcadian Energy ( ORCA:AIM ) has seen its share price increase more than four-fold to 14.5p since mid-September. The big driver is a proposed farm-out deal on its Pilot project in the central North Sea (18 September). Orcadian has granted exclusivity on a provisional...
How mooted UK policy changes could impact UK businesses and investors
Thursday 28 Sep 2023Prime minister Rishi Sunak has floated and announced big policy changes recently from delaying a ban of the sales of new petrol and diesel cares, pulling back on phasing out gas boilers and introducing a New Zealand-style anti-smoking policy. There has also been the public discussion of abandoning...