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Renold shares jump above offer price on speculation of a rival bid
Thursday 19 Jun 2025Industrial chains maker Renold (RNO:AIM) has seen its shares more than double since early March 2025 driven by private equity interest in the business. The company revealed it had received two separate unsolicited approaches on 29 May, pitched at 77p and 81p per share respectively, from MPE (...
Bellway update has helped lift the gloom towards housebuilders
Thursday 19 Jun 2025After drifting steadily lower for the last five years, it looks as though the FTSE 350 Household Goods & Housebuilders index has turned the corner this year. Admittedly, sentiment took a big hit from the MJ Gleeson (GLE) profit warning on 3 June, but it recovered a week later thanks to an...
FedEx guidance will be under scrutiny after back-to-back profit downgrades
Thursday 19 Jun 2025The world’s largest express-parcel delivery firm FedEx (FDX:NYSE) is due to report earnings for the fourth quarter and the full year to the end of May on 24 June, and there is a lot hanging not just on the results but also the outlook. Six months ago, the firm lowered its revenue growth forecast...
Crude surges from multi-year lows on Iran-Israel tensions
Thursday 19 Jun 2025Oil prices are back at levels last seen in January thanks to escalating tensions between Iran and Israel. This is an unpredictable and fast-moving situation which could have implications for the performance of the FTSE 100, inflation and much more besides. Prior to the exchange of missiles between...
Gaming stocks enjoy revival as Nintendo Switch 2 is launched
Thursday 19 Jun 2025A period in the sun during the pandemic, when alternative sources of entertainment were closed off to people, has been followed by a more difficult period for the video games industry. However, there have been some recent signs of life in the sector, perhaps most notably with the reception for the...
Gem Diamonds has been in a downward trend for a decade
Thursday 12 Jun 2025Diamonds may be a girl’s best friend, but they don’t seem to be a good friend to investors if the share price of Lesotho mine-owner Gem Diamonds (GEMD) is any guide. The firm owns a 70% stake in the Letseng mine, which is famous for producing large, exceptional white diamonds, making it the highest...
Where does CarMax stand on growth plans?
Thursday 12 Jun 2025Online used car dealer CarMax (KMX:NYSE) might pine for the lockdown days of Covid. Since peaking at nearly $155 in November 2021, the stock has been freewheeling downhill ever since, plagued by macro uncertainties, falling used car prices and a generally capricious investment backcloth. The big...
Where does WPP go next as CEO heads for the exit?
Thursday 12 Jun 2025The CEO of WPP (WPP) , Mark Read, announced his retirement from the advertising giant after seven years at the helm on 9 June. Read will be staying on at the communications company until the end of year until a successor is found to ensure a ‘smooth transition’ according to WPP chair Philip Jansen...
The UK market still shrinking as more mid-cap companies are taken over
Thursday 12 Jun 2025The takeover bandwagon is picking up speed as the year progresses with deals seemingly now being announced each week. On 9 June US chipmaker Qualcomm (QCOM:NASDAQ) agreed to take over Alphawave IP Group (AWE) , which designs high-speed data transmission technology and licences it to semiconductor...
Resilient US jobs report sends stocks higher but concern lingers
Thursday 12 Jun 2025Despite a raft of weak economic data recently, markets finished with a flurry on 6 June after the S&P 500 gained more than 2% and the small cap Russell 2000 index jumped more than 3%. The market’s enthusiasm was sparked by a surprisingly resilient jobs report which showed the US economy added...