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Anpario’s fifth full-year upgrade in a row feeds further gains
Thursday 16 Jan 2025Shares in Anpario (ANP:AIM) are up a portfolio-nourishing 67% over one year, the latest upward spike triggered by a fifth upgrade in a row (10 January) to full-year 2024 guidance from the natural sustainable feed additives supplier. Following a stronger-than-expected second half, Anpario now...
US wildfires could rank among the most costly natural disasters in country’s history
Thursday 16 Jan 2025The wildfires which seemingly came out of nowhere and have devastated large communities in the Los Angeles area, destroying more than ten thousand properties, are reckoned to have caused total damage approaching $250 billion according to forecasting service Accuweather. That would be equal to...
Greggs shares hit a 52-week low despite sales hitting £2 billion milestone
Thursday 16 Jan 2025The latest trading update from Greggs (GRG) saw the shares sink to a 52-week low. Greggs said seasonal lines like its Festive Bake, the all-new Festive flatbread and Gingerbread latte were in high demand, while it opened a record 226 new shops in 2024. So, what went wrong for the UK’s favourite...
Is another upgrade cooking at Cranswick?
Thursday 16 Jan 2025Only a few more sleeps before we find out how Cranswick (CWK) fared over the seasonally-important Christmas period, with the UK food producer prepping its third-quarter trading statement for release on 21 January. Shares believes the update could stoke another round of forecast upgrades, since...
Oil price hits six-month high amid sanctions and cold weather
Thursday 16 Jan 2025Oil prices have hit a six-month high amid cold weather and new US sanctions on Russian sales of crude. This is not entirely bad news for the FTSE 100 given the heavy weighting of oil giants BP (BP.) and Shell (SHEL) in the index, but not for nothing is oil known as a tax on economic growth. Higher...
Why rising bond yields are testing equity investors’ risk appetite
Thursday 16 Jan 2025American novelist Ernest Hemmingway coined the phrase ‘gradually then suddenly’ in his 1926 Novel The Sun also Rises, and that seems an appropriate description of investor’s reaction to rising bond yields. UK 10-year bond yields sit just shy of 5% compared with close to 4% in the middle of October...
Investors sour on alcohol stocks after US surgeon general calls for cancer warning labels
Thursday 09 Jan 2025Alcoholic drinks stocks are nursing hangovers in the wake of the US surgeon general’s call (3 January) for more prominent warning labels on boozy drinks to raise awareness of their link to cancer. A report addressed a ‘direct link’ between alcohol consumption and an increased risk of cancer;...
Next bucks weak retail trend while Tesco and Sainsburys celebrate blow-out Christmas sales
Thursday 09 Jan 2025It may not have been a ‘golden’ fourth quarter for UK retailers in general, but once again Next (NXT) – typically the first company to issue a Christmas trading statement – delivered the goods with forecast-beating sales and profit guidance. At the same time, supermarket groups Tesco (TSCO) and...
On The Beach shares hit 52-week high in January
Thursday 09 Jan 2025Shares in beach holidays specialist On The Beach (OTB) have been on a roll since the announcement of its record full-year results on 3 December. The strong momentum saw the stock hit a 52-week high of 258p on 2 January, also its highest level since 2022. A combination of factors have seen investors...
Investors see green shoots of life in a moribund new listings market
Thursday 09 Jan 2025Most UK investors will be glad to see the back of 2024 which saw the largest outflow of companies from the main market since the global financial crisis, with 88 companies delisting or transferring their main listing, according to new research from consultancy EY. It was also one of the quietest...