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Investors turn wary eye to Marks & Spencer and Primark-owner
Thursday 03 Nov 2022Clothing retail will fall under the investor spotlight next week when Marks & Spencer ( MKS ) and Associated British Foods ( ABF ) report results, and bright spots are expected to be few and far between. Shares in Marks & Spencer dropped sharply last month after it warned of cost pressures...
US inflation remains sticky, but some there are signs it could be peaking
Thursday 03 Nov 2022Inflation data coming in hotter than expected has become a regular feature over the last few months and the latest US PCE (personal consumer expenditure) data continued the trend. PCE is the Federal Reserve’s preferred inflation gauge and the index advanced by 5.1% year-on-year in September,...
Halfords investors rejoice as the retailer’s share price finally starts to recover
Thursday 03 Nov 2022After being stuck in reverse for a large part of 2022, shares in car parts-to-bicycle seller Halfords ( HFD ) have finally got into top gear. The stock has moved 35% higher over the past month as the market appears to have reappraised the outlook for the retailer. The company had been sitting on...
Why shares in On The Beach remain down in the dumps
Thursday 03 Nov 2022The market remains unenthused about holiday seller On The Beach ( OTB ) , with its share price stuck in the mud. At 102.43p, the shares are down 65% year-to-date and 83% lower than the pre-pandemic high of 615p in April 2018. A trading update on 25 October said full-year pre-tax profit was in line...
RELX and CentralNic stand out in latest batch of earnings upgrades and downgrades
Thursday 03 Nov 2022There’s a diverse set of companies in the latest list of notable earnings upgrades and downgrades as analysts react to a mixed set of third quarter updates. Small cap internet services outfit CentralNic ( CNIC:AIM ) saw a string of upgrades following an encouraging trading statement on 18 October...
Lula stages remarkable political comeback to lead Brazil for a third term
Thursday 03 Nov 2022After a fierce campaign with far-right incumbent Jair Bolsonaro, former president Luiz Ignacio Lula de Silva won the second round of elections on Sunday to become Brazil’s leader for a third term. However, the narrowness of Lula’s win – by 50.9% against Bolsonaro’s 49.1% after a three-hour count –...
Markets steady as Sunak becomes PM, but is this the calm before the storm?
Thursday 27 Oct 2022UK financial markets gave their verdict on the victory of Rishi Sunak as the next prime minister with 10-year gilt yields dropping 22 basis points and the pound moving higher. Despite the relative calm unfolding after an extraordinary period of political chaos the UK’s cost of borrowing remains...
Why Chinese trusts and funds are hitting new multi-year lows
Thursday 27 Oct 2022Holders of funds and trusts investing in China probably woke up on Monday wondering why their holdings had taken such a drubbing overnight. The sharp fall in mainland and Hong Kong-listed stocks was all the more incongruous given third quarter GDP figures, which had been delayed by a week, were...
Revealed: stocks with the most weekly upgrades and downgrades
Thursday 27 Oct 2022Using data from Stockopedia Shares has identified those stocks which have the most upgrades and downgrades over the past week. Among the stocks where analysts have been nudging forecasts higher, tobacco firm Imperial Brands ( IMB ) stands out. We looked at the Imperial Brands investment case in...
Why FTSE 250 piping group Genuit is down in the dumps
Thursday 27 Oct 2022Once a favourite among UK fund managers, Genuit ( GEN ) has fallen out of favour this year with a near-60% share price loss. The FTSE 250 company, formerly called Polypipe, is one of Europe’s biggest plastic piping manufacturers and is also involved in underfloor heating and ventilation. The £630...