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Henderson manager hits the sell button on Shell
Thursday 23 Jun 2022It’s time to sell shares in FTSE 100 oil producer Shell ( SHEL ) , according to Henderson Opportunities Trust (HOT) manager James Henderson. The trust will slowly reduce its position and recycle the proceeds into unloved AIM shares. Sentiment has shifted for AIM stocks. Two years ago, a wave of...
Why Primark's plan to trial new click and collect service could be smart
Thursday 23 Jun 2022Budget retail chain Primark will launch a UK click and collect trial on children’s products towards the end of the calendar year in what looks a useful halfway house into online retail at a tough time when the channel is weakening as cash-strapped consumers change their behaviour. Owned by foods-to...
How rising interest rates are increasing the risk of recession
Thursday 23 Jun 2022While all eyes were on the US Federal Reserve’s three-quarter point interest rate increase last week (15 June) the European Central Bank was conducting an emergency meeting to discuss the risks of fragmentation across the 19 countries of the eurozone. The ECB is worried about its one-size-fits-all...
Apple’s push into advertising poses challenges for Meta, Alphabet and Snap
Thursday 16 Jun 2022A pple (APPL:NASDAQ) is reportedly developing its own advertising business which incorporates detailed user data, including the types of apps downloaded and news stories consumed, according to The Sunday Times . If successful, this could provide a lucrative new source of income for Apple and could...
Airline shares dive amid prospect of high compensation costs
Thursday 16 Jun 2022The UK’s airline industry is bracing for a huge spike in passenger compensation payouts. Chaos at UK airports continues to see widespread flight cancellations as operators and transport hubs struggle to cope with surging demand as Covid restrictions are lifted. That casts a cloud over the sector’s...
Why shares in Primark parent Associated British Foods are languishing near five-year lows
Thursday 16 Jun 2022A ssociated British Foods’ ( ABF ) third quarter trading update on 20 June will provide investors with a window into the fortunes of its budget clothing arm Primark and whether sales and profits have started to tail off. Shares in the FTSE 100 foods-to-fashion conglomerate were priced at £15.72 at...
How decades high US inflation and new ECB direction are leading to market turmoil
Thursday 16 Jun 2022Economic data and central bank decisions are proving pivotal for markets and are setting the stage for a potentially difficult time for shares and bond investors alike over the rest of the summer. The ECB (European Central Bank) on 8 June signalled lift-off for higher interest rates at its July...
Why the timing of Sandberg’s exit from Meta is terrible given severe challenges
Thursday 09 Jun 2022On 1 June Sheryl Sandberg, Meta Platform’s (FB:NASDAQ) chief operating officer, trusted lieutenant and ‘the first real adult in the room at Facebook’, announced her departure from the business. Sandberg’s exit comes at a time when Facebook-owner Meta’s growth has slowed to single digits and risks...
What the latest FTSE reshuffle means for the UK's leading shares
Thursday 09 Jun 2022British Gas owner Centrica ( CNA ) and student property company Unite ( UTG ) look set to be promoted into the FTSE 100 index following the latest quarterly reshuffle of the blue-chip index. The changes become effective on 20 June 2022. Firms only get promoted when their size places them inside the...
Is it finally time to take a proper look at the Chinese market?
Thursday 09 Jun 2022After a fall of nearly 55% in the MSCI China Index between its peak in February 2021 and the middle of March this year, there are signs investors are starting to take an interest in the market again. While the short-term outlook for earnings growth is still fairly poor, ‘we believe the structural...