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Could Restaurant Group’s leisure disposal lead to a full break-up?
Thursday 14 Sep 2023Shares in Restaurant Group ( RTN ) have been on a tear over the last nine months, gaining 84% after positive trading updates and a strategic review of the business prompted in part by activist investors pushing for change. The company has now agreed to offload its underperforming leisure division (...
Without fanfare, Berkshire Hathaway shares have climbed to all-time high
Thursday 14 Sep 2023While investors have been fretting over the direction of interest rates, the rise in crude oil prices, the state of the US consumer and any number of other things in recent weeks, the B class shares in investment giant Berkshire Hathaway (BRK.B:NYSE) have sailed serenely to a new all-time high of $...
Oil surge is reigniting fears over inflation as Brent hits $91 per barrel
Thursday 14 Sep 2023The decision of Saudi Arabia and Russia to extend their current output cuts has helped Brent crude oil prices reach $91 per barrel for the first time this year. While a potential boon for energy companies listed in the UK and elsewhere, the development threatens to be an inflationary pressure which...
Burford Capital’s $16 billion court win is not a done deal
Thursday 14 Sep 2023On 8 September, investors in litigation finance provider Burford Capital (BUR:AIM) were treated to a 22% spike in the share price to a four-year high of £13.43 following a landmark US ruling on its largest case. For the past eight years Burford has been pursuing a legal case against Argentina for...
Analyst forecasts big increase in profits at Entain and Flutter Entertainment
Thursday 07 Sep 2023Gambling giants Flutter Entertainment ( FLTR ) and Entain ( ENT ) have seen their shares fall between 15% and 20% over the last few months. However, Shore Capital analyst Greg Johnson flags declining regulatory headwinds and an inflection point in US profitability could lead to a step change in...
Novo Nordisk shares continue to soar on strong demand for its weight-loss drugs
Thursday 07 Sep 2023Shares in Danish diabetes specialist Novo Nordisk (NVO:NYSE) have been on a tear over the past 12 months, rising more than 83% in value. Novo has been riding the crest of a wave as demand for its highly effective diabetes and weight-loss drugs has sent its earnings and share price to record highs...
Risk appetite returns after softer US jobs data signals rate pause
Thursday 07 Sep 2023While the US economy added more jobs than expected in August with non-farm payrolls coming in at 187,000 compared with 170,000, the markets took comfort from the big downward revisions to June and July which knocked a combined 110,000 from the prior labour market reports. Stocks and bonds rallied (...
Experts rate shares in housebuilders as good value despite property price shock
Thursday 07 Sep 2023As headlines go, last week’s Nationwide house price report showing prices down at their fastest annual rate since 2009 takes some beating even if a decline was more or less expected by experts. The building society’s August survey showed the average house price was 0.8% lower than the previous...
Walgreens’ shares droop as CEO Brewer steps down
Thursday 07 Sep 2023Shares in Walgreens Boots Alliance (WBA:NYSE) , the retail pharmacy giant behind Walgreens and high street chemist Boots, have fallen 37% year-to-date to $23.43 and are down more than 65% on a five-year view. Walgreens’ shares have struggled this year due to a drop in demand for Covid testing and...
Moderna shares surge on cancer venture and Biden booster plan
Thursday 31 Aug 2023Shares in pharmaceutical and biotechnology company Moderna (MRNA:NASDAQ) have had a difficult time since we emerged from the pandemic. However, they’ve started to move up since mid-August. The company’s success in developing a Covid-19 vaccine using mRNA technology helped propel it to highs of...