magazine archive
magazine archive
News
Chrysalis shares slump 63% in six months on investment valuation fears
Thursday 07 Jul 2022Shares in private equity investment trust Chrysalis Investments (CHRY) continued to fall following reports in the Wall Street Journal that investee company Klarna is attempting to raise approximately $650 million from existing investors at a significant discount to previous funding rounds. Buy now...
This is where investors made money in the first six months of 2022
Thursday 07 Jul 2022The first half of 2022 has been tough for both experienced and novice investors with very few places to hide. However, it was possible to make money if you backed oil and gas producers and defensive stocks, among several other sectors. Virtually nobody would have predicted that the UK’s FTSE 100...
AO World shares slide to a record low on cash flow concerns
Thursday 07 Jul 2022As if the first half of 2022 wasn’t tough enough for online electricals retailer AO World ( AO. ) , with a cut to profit guidance, the second half started with a thorough drubbing for the shares. After reports that one of its credit insurance providers had cut cover for its suppliers, AO shares...
Why stock markets are taking Russia's debt default in their stride
Thursday 30 Jun 2022This week marked a landmark in international bond markets after Russia defaulted on its foreign debt for the first time in a century. Despite having a month’s grace, Moscow missed interest payments on $100 million of euro-denominated sovereign bonds on 27 June. Russia has struggled to keep up with...
Apple aims to arrest sagging share price as new product launch rumours swirl
Thursday 30 Jun 2022A pple (AAPL:NASDAQ) is thought to be preparing a flurry of new product launches as the tech giant attempts to reverse a slump in its share price. This year, Apple shares have fallen more than 22% as investors rejected growth stocks in the face of rising interest rates aimed at curbing high...
Investment trusts prove to be key sources of dividends
Thursday 30 Jun 2022Investment trusts paid record dividends of £5.5 billion in the 12 months to the end of March 2022, up 15.4% year-on-year according to research by Link Group. Dividends from investment trusts have proved much steadier through the pandemic than those from individual companies listed on stock markets...
The earnings downgrade cycle has only just begun, suggesting more pain ahead
Thursday 30 Jun 2022Up until last week’s (ended 24 June) gain the US benchmark S&P 500 index had dropped in 10 of the prior 11 weeks and entered bear market territory which is a 20% drop from the prior peak. While share prices have dropped, earnings forecasts from analysts have barely moved. This means the forward...
Copper has entered a bear market and history tells us it’s not a good sign
Thursday 30 Jun 2022Friday 24 June marked a gloomy milestone in the metals market as the copper price officially entered ‘bear’ territory, having tumbled more than 20% from its March peak to $8,255 per tonne. In the past three months, traders seem to have given up hope of a ‘soft landing’ for the US economy as the...
Supermarket sales slide extends to over a year as shoppers trade down
Thursday 23 Jun 2022The latest supermarket ‘till roll’ from Kantar for the 12 weeks to mid-June makes for more unhappy reading for the industry and consumers. Total sales by value in the period, which included the Platinum Jubilee celebrations, shrank by 1.9% due to a more than 10% fall in the number of items...
Trustpilot pulls forward breakeven target at its big investor day
Thursday 23 Jun 2022Online reviews and analytics platform Trustpilot ( TRST ) believes it will hit breakeven in 2024, on an EBITDA basis (earnings before interest, tax, depreciation and amortisation), sooner than most analysts are forecasting. The Danish company which listed in London in March 2021, revealed its...