magazine archive
magazine archive
News
Bill Ackman: why we might see a stock market recovery in late 2023
Thursday 17 Nov 2022Billionaire investor Bill Ackman of FTSE 100 investment company Pershing Square Holdings (PSH) believes markets could have a better time in 2023 than in 2022. He says: ‘Predicting the market in the short-term is a sucker’s game’ but believes the latter part of next year could be when stocks pick up...
How Energean has been fired up by first gas from Israel and strong prices
Thursday 17 Nov 2022Shares in oil and gas firm Energean ( ENOG ) continue to rise as it benefits from higher energy prices and first gas from its Karish field offshore Israel in October. The FTSE 250 constituent is up 68% year-to-date to £14.96 as it has successfully brought the flagship Karish asset on stream...
Why Tesla’s big share price fall isn’t just about Twitter
Thursday 17 Nov 2022Shares in electric vehicle maker Tesla (TSLA:NASDAQ) recently slipped to their lowest levels in nearly three years after founder Elon Musk sold a big slug of shares in the company to help fund his takeover of social media platform Twitter. Musk’s struggles with Twitter are inevitably grabbing lots...
Strong customer demand puts Caterpillar shares 10% ahead on the year
Thursday 10 Nov 2022Global economic activity has not ground to a halt if you look at construction and mining bellwether Caterpillar (CAT:NYSE) . Its revenue has been soaring thanks to higher prices and greater sales volumes. The 28% share price jump over the past month has not only recovered all the previous losses...
Mid-cap stocks reverse losing streak versus FTSE 100
Thursday 10 Nov 2022Buyout speculation and a pick-up in investor risk appetite has helped power UK mid-cap stocks to reverse a 2022 trend of underperformance versus their blue-chip cousins. Over the past month, the FTSE 250 index has rallied 8.3% compared with a 4.7% gain from the FTSE 100. This represents a stark...
Why retail investors in JPMorgan Russian Securities are sounding the alarm on changes
Thursday 10 Nov 2022The board of JPMorgan Russian Securities (JRS) has moved to allay investor fears linked to a looming change of mandate for the investment trust. With trading in Russian stocks suspended thanks to the country’s invasion of Ukraine, the board revealed on 27 October that it was broadening the...
Veterinary group CVS plans to double profitability over the next five years
Thursday 10 Nov 2022Veterinary group CVS ( CVSG:AIM ) has ambitions to double EBITDA (earnings before interest, tax, depreciation, and amortisation) over the next five years. The goal is expected to be achieved through a combination of higher organic growth and improved margins through investment in facilities and...
Falling house prices and higher sales cancellations: why property market-related shares are down again
Thursday 10 Nov 2022Shares in housing-related stocks had already been weak this year in anticipation of a property market slowdown, but new data showing an actual decline in UK house prices and a warning from housebuilder Persimmon ( PSN ) about a rise in cancellations and a reset of its dividend policy have caused...
Chinese stocks surge on prospect of end to strict Covid measures
Thursday 10 Nov 2022Shares in Chinese and China-related stocks, including specialist UK-listed investment trusts, have risen for several days on market talk Beijing could end its zero-tolerance strategy on the Covid virus in early 2023. The official line is the government has no intention of changing course as ‘...
Hasbro hurt as toy demand drops following price hikes
Thursday 10 Nov 2022The definition of a company with pricing power is one that can put up prices without causing a drop in customer demand. Toy maker Hasbro (HAS:NASDAQ) doesn’t make the cut as its price hikes have weakened demand, leading it to miss its latest quarterly earnings estimates. Consumers are looking for...