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Why electricals leader Currys has lost its spark
Thursday 13 Jul 2023Technology products retailer Currys ( CURY ) has seen its share price crumble 14.9% year-to-date to 48.4p, a 10-year low, in the wake of poorly-received full-year results (6 July). Not only did the white goods-to-electronics seller report a drop in sales and profits for the year ended 29 April 2023...
Why Moonpig shares have flown 42% higher this year
Thursday 13 Jul 2023Shares in Moonpig ( MOON ) have rallied 44% to 163.6p year-to-date with the online greetings cards-to-gifting platform delivering solid trading and avoiding the downgrades sceptical investors expected. Shareholder excitement will be tempered by the fact the shares are trading more than 50% below...
Campbell Soup shares go cold as investors are disappointed over earnings progress
Thursday 06 Jul 2023Shares in US foods and snacks group Campbell Soup (CPB:NYSE) have fallen nearly 10% since it announced a disappointing set of third quarter earnings on 7 June. This share price slide extends earlier pains; year-to-date its shares have fallen 18% and are currently trading around $46. Although the...
Markets rally across the pond as cooling inflation supports soft landing scenario
Thursday 06 Jul 2023Despite recession fears and a banking crisis, US markets have proved strong year-to-date with the Nasdaq Composite having rallied 33% and the S&P 500 up 16.5% at the time of writing. Wall Street was buoyed by the latest US Core Personal Consumption Expenditures data on 30 June, which is the...
Thames Water: what its crisis means for water utility shares
Thursday 06 Jul 2023The potential collapse of Thames Water and a mooted move into public ownership amid spiralling debts has put the spotlight on the contingent of water utility firms on the UK stock market. Saddled with their own significant borrowings and with investment required to fix the UK’s ageing water...
The UK stocks which could suffer if Odey Asset Management becomes a forced seller
Thursday 06 Jul 2023Investors are looking hard at the stocks held in funds managed by Odey Asset Management for fear they will be dumped on the market as the hedge fund tries to raise cash. While some positions have already been cut, there remain plenty of stocks where its position has not changed (yet?). The firm is...
FirstGroup shares up 42% this year after string of good news
Thursday 06 Jul 2023Shares in the FTSE 250 transport company FirstGroup ( FGP ) have been on a strong run this year, up 42% as travel activity perks up. In March, it upgraded pre-tax profit expectations for the year thanks to a better performance with its bus operations (more passengers, fewer staff problems) and a...
The UK stock market is starting to look increasingly lopsided
Thursday 29 Jun 2023UK investors will be well aware of the lopsided performance of the US stock market in recent months, with a handful of stocks accounting for almost the entire index gains so far this year. However, a similar phenomenon is occurring right under our noses with most of the gains in the FTSE 100 and...
Carnival shares have soared this year but it’s become a rockier ride
Thursday 29 Jun 2023Shares in cruise operator Carnival ( CCL ) are trading 75% higher versus the start of 2023 thanks to strong customer demand for its voyages. Despite the strong rally, the shares have become more volatile in recent sessions after the company guided for lower than expected profit in the current...
Why the market was spooked by the Bank of England’s super-sized rate hike
Thursday 29 Jun 2023London’s FTSE 100 and FTSE 250 indices both fell on 22 June when the Bank of England raised interest rates by half a percentage point in response to inflation holding firm at 8.7%, as investors worried about the impact of further rate hikes on the UK economy. The central bank’s decision to raise...