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Dampening inflation helps drive rally in US and UK equity markets
Thursday 18 Aug 2022The recent rally in US equity markets has been driven by figures showing the level of US inflation may have peaked. Since its most recent low on 16 June the S&P 500 index has rallied by 16.7%. The UK equity market has also risen during this period but to a far lesser extent with the FTSE 100...
Watches of Switzerland sales soar despite cracks in timepiece market
Thursday 18 Aug 2022S hares added luxury watches and jewellery seller Watches of Switzerland ( WOSG ) to its Great Ideas list at 792.4p on 16 June 2022. We argued the group’s global growth journey was just getting started and demand for luxury watches continued to outstrip supply. A trading update on 16 August was an...
Deliveroo and Just Eat Takeaway facing hard road to recover enormous losses
Thursday 18 Aug 2022Food delivery volumes more than doubled through the pandemic, yet profits remain elusive for many popular platforms, including Just Eat Takeaway ( JET ) and Deliveroo ( ROO ) , following a wave of a new investment chasing an expanded addressable market. Data from Daxue Consulting and Bloomberg...
Cyber security firm Darktrace gains nearly 25% after buyout talks revealed
Thursday 18 Aug 2022Cybersecurity company Darktrace ( DARK ) is in talks over a possible takeover offer from Thoma Bravo, the private equity firm that has been busy consolidating the wider space in 2022. Earlier in August, Thoma Bravo struck a deal to buy US-listed Ping Identity for $2.4 billion, its 27th...
Thungela could be crowned the UK market’s dividend king
Thursday 18 Aug 2022Coal producer Thungela Resources ( TGA ) is on a 2022 dividend yield of more than 40%, based on forecasts from Liberum. It is expected to pay above-average dividends for at least two more years. The scramble for energy as the world emerged from the pandemic and Russia invaded Ukraine has seen...
US investors chase former ‘meme’ stocks and heavily-shorted shares
Thursday 11 Aug 2022Investors have started chasing up shares of former ‘meme’ stocks and companies whose shares have been heavily shorted by hedge funds. Since the start of August, shares in cinema operator AMC Entertainment (AMC:NYSE) have rallied more than 65% to almost $24 after languishing below $15 for most of...
Tesla to do the splits for second time in two years as stock price soars
Thursday 11 Aug 2022T esla (TSLA:NASDAQ) shareholders have backed a move for its stock to be split for the second time in two years. The move should make investing in the company more affordable for small investors. The three-for-one division will see shareholders receive two additional shares for each one owned at...
Why China’s sabre-rattling over Taiwan matters to UK investors
Thursday 11 Aug 2022Last week’s trip to Taiwan by US House Speaker Nancy Pelosi – the highest-ranking American politician to visit Taipei in 25 years – seems to have been the pretext for China to unleash a demonstration of both its military might and its intention to unify the island with the mainland. While the White...
Why Next wants to own part of struggling retailer Joules
Thursday 11 Aug 2022Cash-strapped clothing and homeware brand Joules ( JOUL:AIM ) looks set to be saved by Next ( NXT ) , although we do not expect the FTSE 100 retailer to buy the company outright. Next is in talks to invest £15 million in Joules and become a strategic minority shareholder. While it has form in...
Fundsmith among the funds hit by £4.5 billion outflows in June
Thursday 11 Aug 2022The highly fragile nature of investor confidence has been revealed in the latest fund flow figures released by the Investment Association. In June UK retail investors pulled £4.5 billion from open-ended funds. This represents the most significant outflow since March 2020, which marked the onset of...