Shares magazine
Magazine archive
News
Meta Platform’s Threads becomes fastest app ever to hit 100 million sign-ups
Thursday 13 Jul 2023The rival to Twitter launched by Meta Platforms’ (META:NASDAQ) – Threads – has become the fastest app ever to blast through the 100 million users mark. Having launched on 7 July, the new microblogging platform made the breakthrough in less than a week. By contrast, OpenAI’s ChatGPT, previously the...
Despite rising rates shares are holding up; will US earnings season change that?
Thursday 13 Jul 2023As markets move into the summer period the US economy appears as resilient as ever which puts greater focus on the upcoming earnings season which kicks-off on 13 July. The June non-farm payrolls report (7 July) came in weaker than expected for the first time in more than a year with 209,000 jobs...
OSB shares slump as mortgage-holders switch deals early
Thursday 13 Jul 2023Anyone following UK financial stocks must have wondered what on earth was so awful about the latest trading update from OSB ( OSB ) that the shares lost almost a third of their value in a single day last week. The answer is a sudden but we suspect long-overdue admission that higher interest rates...
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...