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Investors are rushing to exit funds as small cap specialists really suffer
Thursday 21 Jul 2022Recent fund flows data suggests investors have been withdrawing money from the market rather than waiting for it to rebound. According to Morningstar’s asset flows report, in June investors redeemed £2.6 billion from open-ended UK equity funds. This chimes with recent announcements from asset...
Wealth preserver Ruffer warns bear market is ‘only mid grizzle’
Thursday 21 Jul 2022Capital preservation trust Ruffer’s (RICA) portfolio is the most defensively positioned it has been since 2003, with its managers believing the worst is not yet over for stocks and other risk assets. Co-manager Duncan MacInnes told the AJ Bell Money & Markets Podcast that ‘investors under the...
Fevertree’s earnings forecasts slashed by nearly 50% after problems get worse
Thursday 21 Jul 2022The combination of supply chain problems and rising costs has prompted analysts to nearly halve their earnings per share forecasts for Fevertree Drinks ( FEVR:AIM ) for each of the next three years. The manufacturer of premium mixers warned on 15 July that several factors, including the soaring...
Collapse of Elon Musk’s Twitter deal could spark Tesla share price recovery
Thursday 14 Jul 2022Elon Musk’s decision to abandon his $44 billion takeover bid for Twitter (TWTR:NYSE) could potentially help Tesla’s (TSLA:NASDAQ) share price recover from big losses this year. Shares in the electric vehicle company have lost nearly 40% to $703 since Musk first pitched the idea of buying the micro-...
Kistos aims for £1 billion tie-up with Serica to create North Sea oil and gas champion
Thursday 14 Jul 2022A potential merger between North Sea gas producers Kistos ( KIST:AIM ) and its larger peer Serica Energy ( SQZ:AIM ) could create a FTSE 250 outfit with wider strategic importance. Russia’s invasion of Ukraine and its recent renewed threat to cut off gas supplies to Europe, plus the role of gas as...
The 2022 AGM season is seeing shareholder rebellions on pay gather pace
Thursday 14 Jul 2022Shareholders are baring their teeth as the annual general meeting season progresses, as Shares predicted would be the case back in April. Unsurprisingly, given many investors will have taken a fair amount of pain so far in 2022, much of the action has centred around pay for top executives. Among...
The big US companies reporting over the next week and what it could mean for the economy
Thursday 14 Jul 2022The second quarter US earnings season kicks off today (14 July) with banks JPMorgan (JPM:NYSE) and Morgan Stanley (MS:NYSE) reporting before the market open. This quarter takes on more significance than usual because of increasing concerns that rising interest rates and higher inflation caused by...
Latest Fundsmith letter offers investors comfort despite tough market conditions
Thursday 14 Jul 2022In a six-month period which included a significant downturn in global stock markets, and during which long-dated assets like high-quality growth companies have underperformed short-dated, lower-quality companies, it’s no surprise the Fundsmith Equity Fund (B41YBW7) trailed its benchmark. For the...
Investors in US banks could see higher dividends soon
Thursday 07 Jul 2022More generous dividends are expected to be a key theme in the forthcoming quarterly reporting season for US banks, which starts on 14 July. The sector underperformed during the pandemic due to fears of increasing loan losses. Banks took huge provisions in anticipation of a severe downturn. However...
Sainsbury’s celebrates blow-out Jubilee weekend but non-food sales slide
Thursday 07 Jul 2022S ainsbury’s ( SBRY ) supermarket boss Simon Roberts must have been thanking his lucky stars for the Platinum Jubilee bank holiday weekend, which saw Brits splashing out on scones and clotted cream, washed down with record sales of beer, wine and spirits at street parties up and down the country...