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Climate change and geopolitics could force transport costs higher again
Thursday 14 Dec 2023Just when it seemed inflation was being brought under control, particularly in terms of input costs for businesses like energy and labour, events thousands of miles away are threatening to send prices back up again. While they may seem to have nothing to do with UK consumers or investors, together...
Fund manager hails Cybertruck solution to Tesla’s soggy share run
Thursday 07 Dec 2023The first handful of Cybertrucks are being delivered to customers this month reigniting optimism that Tesla’s (TSLA:NASDAQ) long-awaited flatbed electric vehicle can spark the shares beyond $280 2023 highs. Tesla investor and managing partner of the US-based Future Fund, Gary Black, remains...
Can Oracle maintain its cloud growth mojo?
Thursday 07 Dec 2023There has been a good deal of bullish commentary of around Oracle (ORCL:NASDAQ) this year as it finally starts delivering on its long-promised cloud growth. Year-to-date, the stock is up nearly 40%, and while most of that rally happened in the first half of the year, when investors began getting...
New energy firm Ceres Power has failed to live up to expectations
Thursday 07 Dec 2023Horsham-based fuel cell and electrolysis firm Ceres Power ( CWR ) has had a torrid 2023, with its shares losing almost half their value after a series of disappointing trading updates. The firm’s fuel cells are used for power generation and storage, while its electrolysis technology is used to...
Find out why gold and oil prices are diverging
Thursday 07 Dec 2023Gold is back in vogue with the spot price making a new all-time high this week after touching $2,147 an ounce, surpassing the prior peak seen in May 2023. Meanwhile, oil is close to entering a new bear market with Brent crude prices dropping nearly 20% in the last month despite war in the Middle...
Disney CEO Bob Iger under increasing pressure from share activists
Thursday 07 Dec 2023It’s action stations at entertainment giant Walt Disney (DIS:NYSE) , where despite fourth-quarter results beating analysts’ expectations activist investors Nelson Peltz and ex-Marvel executive Ike Perlmutter are not happy bunnies. In collaboration with Perlmutter, Peltz and his firm Trian Fund...
Shift in interest rate expectations sends Barratt Developments to year-high
Thursday 07 Dec 2023Although its latest trading update in October did little to dispel the gloom surrounding the new housing sector, shares in the UK’s leading developer Barratt Developments ( BDEV ) have rallied sharply in the last few weeks and are currently hitting new 12-month highs. While private reservations...
Will the latest global climate conference result in meaningful progress?
Thursday 30 Nov 2023To precious little fanfare COP28 is underway. The 28th Conference of the Parties of the United Nations Climate Change Committee, is somewhat controversially being held in Dubai, a city whose fortunes and skyline were built on extracting fossil fuels. As global temperatures continue to rise – with...
The S&P 500 set to notch-up the biggest monthly gain of the year
Thursday 30 Nov 2023Market sentiment has shifted markedly over the last few weeks with major equity benchmarks set to record their best month of the year. So far the Nasdaq Composite is up nearly 14% in November, the S&P 500 is up nearly 11% while in Europe the German Dax and the FTSE 250 mid-cap index are up...
Frontier Development shares hit a nine-year low on sales disappointment
Thursday 30 Nov 2023Shares in Frontier Developments ( FDEV:AIM ) seem to be on a continual downward spiral, having fallen 84% year-to-date to the 154p mark. The once high-flying Cambridge-based games software group has been hit by a series of profit warnings, the last one causing its shares to slide over 20% in a day...