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The great CEO merry-go-round: Vodafone chief executive is the latest to go
Thursday 08 Dec 2022It seems as though barely a week goes by without a chief executive or chief financial officer either jumping ship to another firm or leaving the business completely to pursue ‘other interests’. At the start of this week, FTSE 100 mobile network operator Vodafone ( VOD ) announced chief executive...
Which Cineworld assets could be on the block with Vue circling?
Thursday 08 Dec 2022Embattled cinema Group Cineworld ( CINE ) which filed for Chapter 11 bankruptcy in September 2022 denied it was looking to auction off certain Eastern European assets. Bloomberg reported (2 December) Cineworld had held talks to sell its Cinema City and Yes Planet chains in Eastern Europe and Rav-...
How banks are poised for major changes under proposed ‘Big Bang 2.0’ reforms
Thursday 08 Dec 2022After a bruising market reaction to his mini-Budget in September, then-chancellor Kwasi Kwarteng told banks and financial services bosses he wanted to introduce a ‘Big Bang 2.0’ package of reforms to make the City a more attractive place to invest. Readers with a long memory will recall the...
Live Nation shares remain in the doldrums despite ticket surge
Thursday 08 Dec 2022Ticketmaster-owner Live Nation Entertainment (LYV:NYSE) has suffered a terrible time on the stock market this year with its share price down 39%. A multitude of problems have weighed on the company’s valuation and sentiment remains poor going into 2023. You might have expected 2022 to be a good...
Find out what China’s protests and latest Covid plans mean for stocks
Thursday 01 Dec 2022Markets had a volatile end to November, driven by turmoil in China as the world’s second largest economy contends with lockdown protests and mounting Covid infections as it sticks (for now) with its zero-Covid policy. Renewed restrictions in response to new outbreaks of Covid sparked levels of...
Why no-frills Costco Wholesale continues to flourish
Thursday 01 Dec 2022Retailer Costco Wholesale (COST:NASDAQ) is expected to unveil further market share gains when it reports quarterly results on 8 December. The company has already reported sales up 7.7% year-on-year to $17.73 billion for October, building on a bumper 10.1% rise to $21.46 billion for September, as it...
Retail sector breathes sigh of relief as Black Friday sales top expectations
Thursday 01 Dec 2022Amid concerns sales would be significantly impacted by the cost-of-living crisis and the recent tax-grab in the Autumn Statement, it seems Black Friday was relatively successful for UK shops judging by anecdotal evidence gathered together by Shares . Industry magazine Retail Gazette described Black...
Card Factory bucks the negative retail sector trend with share price surge
Thursday 01 Dec 2022Shares in greeting cards-to-gifts retailer Card Factory ( CARD ) have surged since the delivery of a surprise bumper upgrade (15 November) to full year earnings guidance and have bucked the retail sector gloom with an 18% gain year-to-date. Signs that CEO Darcy Willson-Rymer’s refreshed growth...
Shares in Home REIT are down hard on short-selling report
Thursday 01 Dec 2022It was a week to forget for shareholders in Home REIT (HOME) , the investment trust which aims to alleviate homelessness in the UK through funding the creation of secure sheltered accommodation. US short seller Viceroy published a damning note causing shares in the UK firm to slide to 55p. Viceroy...
New life sciences investment company seeks to take advantage of depressed UK valuations
Thursday 01 Dec 2022Investment company Conviction Life Sciences is hoping to raise up to £100 million via an initial public offering on the Main Market of the London Stock Exchange on 16 December. It is targeting 20% annualised growth in total net asset value over time and intends to construct a portfolio consisting...