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Expert predicts further bad news for popular investment trust Scottish Mortgage
Thursday 26 Jan 2023Shares in Scottish Mortgage Investment Trust (SMT) are down by one third in value over the past 12 months at 746.6p, having sold off due to the impact of high inflation and rising interest rates on long duration assets including the ‘world’s most exceptional growth companies’ it invests in...
Activist investors give big boost to Salesforce and Restaurant Group
Thursday 26 Jan 2023It’s been a rough period for shareholders of software provider Salesforce (CRM:NASDAQ) with the shares halving since November 2021. Some relief came on 23 January after the Wall Street Journal reported activist investor Elliott Management had taken a multi-billion-dollar stake. The shares gained...
How Saga shares have more than doubled in three months
Thursday 26 Jan 2023Over-50s travel and insurance group Saga ( SAGA ) has rebounded strongly of late, gaining 120% in just three months. This increase in the share price is from all-time lows below 100p and the shares are still, once you adjust for a 2020 share consolidation, down more than 90% on the price at which...
UK stocks enjoy big gains as travel and retail lead the way
Thursday 19 Jan 2023Investors could not have hoped for a much better start to 2023 for UK stocks. The flagship FTSE 100 index is up approximately 4% year-to-date to trade within sights of its all-time high from May 2018 (when it briefly topped the 7,900 mark) and the more domestic-facing FTSE 250 has risen by circa 5...
Housebuilder warnings about a slowdown in activity does not bode well for suppliers
Thursday 19 Jan 2023The common factor across the latest trading updates from the big housebuilders is they are all forecasting fewer completions and land purchases this year. That could spell trouble for the various trades which support the new-build home industry, from legal services to building materials and...
Musicmagpie shares soar more than 300% from October lows
Thursday 19 Jan 2023After it delivered a major profit warning in March 2022, it looked as though Musicmagpie ( MMAG:AIM ) would become yet another casualty of the downturn in consumer spending which has seen so many smaller companies go to the wall over the past year. Yet, in recent months, the ‘circular economy’...
Marks & Spencer builds on sparkling Christmas with news of 20 new stores to come
Thursday 19 Jan 2023British retail bellwether Marks & Spencer ( MKS ) has built on much better-than-expected festive trading by announcing (16 January) a near half a billion-pound investment to open 20 new stores that the FTSE 250 firm insists is ‘core’ to its aim of becoming the UK’s leading omnichannel retailer...
Darktrace back to IPO price after slicing growth expectations
Thursday 19 Jan 2023Cambridge-based cyber security firm Darktrace ( DARK ) has cut its growth forecasts for the year as new customers pull the plug on technology spending in the face of a weakening global economy. Darktrace now expects annualised recurring revenue, adjusted for foreign exchange swings, to rise by...
The case for a big rebound in growth stocks in 2023
Thursday 12 Jan 2023Growth stocks could rally in the middle of 2023, according to Liberum which has based its prediction on the analysis of historic market trends. Liberum analysts Joachim Klement and Susana Cruz have calculated the relative performance of growth as an investment style versus the wider UK stock market...
Vodafone stock at 25-year low as attention turns to cutting debt
Thursday 12 Jan 2023Investors have been getting increasingly frustrated at the poor returns from Vodafone ( VOD ) , whose share price hit 25-year lows of 83.8p in the days before Christmas. That’s from 130p levels as recently as July 2022. Little wonder that calls from activists for change and improvement have been...