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Investors disappointment with Future sees shares down over 40% year-to-date
Thursday 01 Jun 2023Shares in publishing firm Future ( FUTR ) have lost 42% year-to-date, putting recently appointed CEO Jon Steinberg under immediate pressure. The dramatic share price drop to around 760p, extends losses from the highs above £39 seen in 2021, for the company behind well-known titles like Marie Claire...
Investors chase Mitchells & Butlers shares higher as consumers return to pubs
Thursday 01 Jun 2023Shares in pubs group Mitchells & Butlers ( MAB ) are up 90% from their October 2022 lows which is roughly where they found support during the pandemic induced sell-off in March 2020. That may sound impressive, but the shares need to double again to reach their pre-Covid level of 415p. The...
Initial surge as Zoom beats expectations and lifts forecasts fails to last
Thursday 25 May 2023An early share price advance in after-hours trading for Zoom Video Communications (ZM:NASDAQ) off the back of its latest earnings update (22 May) evaporated fast. The video conferencing platform raised its annual revenue forecast to between $4.47 billion and $4.49 billion, representing year-on-year...
ATOME shares boosted by Baker Hughes investment and its fertiliser plan
Thursday 25 May 2023ATOME Energy ( ATOM:AIM ) is generating excitement after it attracted US energy services heavyweight Baker Hughes (BKR:NASDAQ) as a strategic investor. On 22 May it was revealed Baker Hughes is investing £2.4 million to take a 6.6% holding in the company at a 3.2% premium to the previous market...
Germany’s flagship DAX index surges to new all-time high
Thursday 25 May 2023Germany’s blue-chip DAX index comprising the country’s 40 largest quoted companies made a new intraday all-time high of 16,333 points on 19 May after it breached the prior high of 16,290 points set in November 2021. That makes the DAX the second-best European performer in 2023 with total gains of...
The owner of Boots loses a quarter of its value in six months
Thursday 25 May 2023Shares in Walgreens Boots Alliance (WBA:NASDAQ) , the owner of Walgreens and Boots, have lost over a quarter of their value in the past six months. This fall to around the $31 mark is surprising considering the retail pharmacy giant raised its full-year sales outlook. Or is it? Last year, the...
Sage seizes its chance to impress investors
Thursday 25 May 2023Having missed the January tech rally, accounting tools software supplier Sage ( SGE ) has been making up for lost time. The share price has stormed higher since reporting first-half results on 17 May, with analysts getting excited about the prospect of cloud adoption triggering a new era of growth...
Stealth rally in construction stocks suggests economy is on a firm footing
Thursday 25 May 2023While there is much handwringing over the outlook for the new-build housing sector, it seems the rest of the UK construction industry is in rude health. That has helped construction to be one of the best performing sectors in the FTSE 350 index year-to-date, up 20%. The latest S&P Global/CIPS...
End nears for Purplebricks’ life as a public company after Strike’s £1 bid
Thursday 18 May 2023Online estate agent Purplebricks ( PURP:AIM ) time on the stock market looks to be coming to an end as suitor Strike agrees a nominal £1 deal. Joining the stock market to some fanfare in 2015, at one time Purplebricks had grand ambitions of overseas expansion and reached a valuation of more than £1...
Are private equity investors turning cold on UK companies?
Thursday 18 May 2023All we have heard for the last few years is that private equity firms – especially those based in the US – have plenty of ‘dry powder’ to make acquisitions, and the UK market is a prime target due to the low valuations of stocks here. So why is it that several recent deals have failed to take off...