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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...
Are dividends in the UK banking sector safe during a recession?
Thursday 24 Nov 2022Shareholders in UK banks won’t need reminding of their sudden loss of income during the pandemic after the regulator put a stop to dividend payments. With the country now forecast to go into recession and gloomy forecasts of up to a 30% drop in the housing market, could we be facing a similar...
How Currys shares have charged higher ahead of key trading period
Thursday 24 Nov 2022Electronics retailer Currys’ ( CURY ) share price has managed a meaningful rebound in recent months. This implies the market is becoming more optimistic about the outlook and that a lot of bad news has already been factored into the share price. Investors will get some insight when the company...
Why Zoom woes continue as it lowers revenue guidance
Thursday 24 Nov 2022Video conferencing firm Zoom Video Communications (ZM:NASDAQ) may have beaten expectations with its quarterly earnings (21 November) but investors focused on weak revenue guidance instead. Zoom is one of those pandemic winners which has struggled as the world has moved to a new normality. This is...