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A new government survey suggests hybrid working is firmly here to stay
Thursday 26 May 2022On Monday, the ONS (Office for National Statistics) released its latest labour market survey which asked if hybrid working was still a ‘thing’ now that all Covid restrictions have been lifted. The survey confirms that hybrid working is in fact here to stay, and suggests companies and commercial...
Why US retail titans dragged down Wall Street
Thursday 26 May 2022US retailers suffered their worst weekly performance since 1987’s Wall Street Crash after investors were rattled by the impact inflation is having on high-profile players. Major US outlets are struggling to pass soaring costs on to customers and low-income consumers are already struggling with...
Grocery delivery platform Instacart files $24 billion IPO on the quiet
Thursday 19 May 2022San Francisco-based Instacart has submitted draft plans to list its shares on Wall Street. While the company has not given an explicit timeline, some analysts believe it could happen before the end of 2022. Instacart, which runs a grocery delivery platform, saw growth explode during the pandemic...
Imperial Brands maintains the positive momentum behind the tobacco sector
Thursday 19 May 2022Cigarette manufacturer Imperial Brands’ ( IMB ) latest first-half results help explain why tobacco has been among the best performing sectors year-to-date. While the company took a £225 million hit to profit associated with its exit from Russia, investors were more interested in heated tobacco and...
Nick Train resists the temptation to change his style after weak period
Thursday 19 May 2022Investment styles don’t work all the time and periods of underperformance should be expected. How fund managers navigate such periods can be very instructive and investors might learn a lot from their actions. Style drift is not uncommon during difficult times as managers attempt to limit the...
Could new Greggs boss Roisin Currie be tempted to reset growth targets?
Thursday 19 May 2022G reggs’ ( GRG ) former retail and property director Roisin Currie (pictured) has taken over from the retiring Roger Whiteside to become the budget food-on-the-go retailer’s first female chief executive. Currie has big shoes to fill, since Whiteside transformed Greggs for the better and steered the...
BT and Vodafone deals add to excitement in once dull telecoms space
Thursday 19 May 2022The European telecoms sector has burst into life after years of restrictive regulations and poor investment returns. Last year saw the merger of Spanish rivals Euskaltel and Masmovil, and more recently private equity firm KKR tried and failed to buy Telecom Italia. Now, BT (BT.) has confirmed a TV...
Retail warnings do not bode well for Marks & Spencer’s results
Thursday 12 May 2022The market is increasingly concerned about the outlook for Marks & Spencer ( MKS ) ahead of the retail bellwether’s full year results on 25 May, judging by a 42% year-to-date share price decline. Investors should prepare themselves for potential news of disappointing recent sales and a downbeat...
Private equity is now casting its eyes over a sold-off UK tech sector
Thursday 12 May 2022The massive sell-off of technology growth stocks in 2022 to date may see an acceleration of opportunistic buyouts from private equity funds flush with cash. On 9 May, compliance and regulation software supplier Ideagen ( IDEA:AIM ) agreed a takeover deal from private equity outfit firm Hg worth £1...
Investors will be hoping for a bumper crop from Deere’s next results
Thursday 12 May 2022Next Friday (20 May) sees the much-anticipated release of second quarter earnings from iconic US tractor maker Deere & Co (DE:NYSE) . After a strong first quarter to the end of January, when the firm beat estimates for both revenue and earnings by some margin and chief executive John C. May...