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Journeo travels to new heights as earnings show rapid progress
Thursday 13 Apr 2023Transport technology specialist Journeo ( JNEO:AIM ) is seeing the momentum behind its earnings feed into a strong share price performance. The stock market minnow is up more than 34% over the last six months. On 28 March Journeo, which provides a range of technical and data-related solutions to...
Cineworld shares slump as wipeout looms for certain investors
Thursday 13 Apr 2023Beleaguered cinema operator Cineworld ( CINE ) saw its shares drop a further 28% to 2p on 3 April taking the losses to 42% over the last three months and 94% over the last 12 months. It is likely current shareholders will be wiped out completely following news the company’s lenders plan to move...
Petrofac shares surge 70% after €13 billion offshore wind contract
Thursday 06 Apr 2023Sometimes contract awards are genuinely transformational for a business and, at first glance, the €13 billion award unveiled by Petrofac ( PFC ) is in that category. The agreement, the largest in Petrofac’s history, will see the UK firm work alongside Hitachi Energy to supply multiple offshore wind...
Burford makes 65% gains on positive US court decision in YPF case
Thursday 06 Apr 2023In a remarkable turn of events, investors in litigation finance firm Burford Capital ( BUR:AIM ) have seen their shares rocket from a 12-month low to a two-year high in less than two days of trading. At 4.14pm on 31 March, Burford issued a statement to say the Southern District Court of New York...
NCC is down 40% as it battles a cybersecurity demand slowdown
Thursday 06 Apr 2023FTSE 250 cybersecurity consultancy NCC ( NCC ) lost 40% of its market value after slashing annual guidance for the year to 31 May 2023 last week (31 Mar). The company had anticipated ‘adjusted operating profit’ of around £47 million, it’s now looking at between £28 million and £32 million. No...
Discover why EasyJet shares are up 57% since the start of 2023
Thursday 06 Apr 2023Shares in EasyJet (EZY) have jumped 57% over the past three months, however they are still trading 60% below their pre-pandemic high. The company seems to be forging ahead having been the subject of takeover bids from rivals British Airways-owner International Consolidated Airlines ( IAG ) in 2022...
After banking crisis and tech rally what is next for markets in 2023?
Thursday 06 Apr 2023As quarters go, the first three months of 2023 have been ‘interesting’ to put it mildly. Having been shunned at the end of last year due to worries over valuation and rising interest rates – which reduce the value of future free cash flows – technology stocks have roared back in 2023 with the US...
Latest retail sales figures show slide in non-essential spending
Thursday 30 Mar 2023The most recent retail sales figures from the Office for National Statistics make for illuminating if not uplifting reading. Sales in February were over 1% higher than January in volume terms suggesting consumers were feeling positive. Moreover, that gain took sales volumes back to where they were...
UK small cap trusts: upgrade for Mercantile and changes afoot for Abrdn Smaller Companies
Thursday 30 Mar 2023Weak sentiment towards UK small and medium-sized companies has seen investment trusts focused on this space languish at big discounts and driven consolidation as products with dwindling assets are combined. Stifel believes the 15% discount to net asset value at Mercantile Investment Trust (MRC)...
Discover why Wetherspoons shares are up 50% since the start of 2023
Thursday 30 Mar 2023Pubs group JD Wetherspoon ( JDW ) had a tough time both during the pandemic and as the UK emerged from Covid. A longstanding strategy of focusing on volumes rather than margins, in a bid to offer customers good value, left its profit heavily exposed to the rising cost of staff, energy, alcohol and...