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Growth shows Netflix is on track for ambitious 2030 targets
Thursday 24 Apr 2025Executives at Netflix (NFLX:NASDAQ) have set an internal target for the streaming giant to achieve a $1 trillion market valuation by 2030, according to reports. And analysts are rapidly buying into the firm’s ambitions after the company’s strong annual revenue outlook alongside earnings on 17 April...
Housing services provider Mears hits five-year high on ’beat-and-raise’
Thursday 17 Apr 2025Shares in Gloucester-based social housing and care provider Mears (MER) surged 10% to a new five-year high last week after the firm posted strong full-year 2024 earnings and raised its 2025 outlook. Revenue at the FTSE 250 group increased to £1.13 billion, helped by around £220 million in new...
Weak US market and operational difficulties sink TT Electronics stock
Thursday 17 Apr 2025Shares in TT Electronics (TTG) slumped as much as 21p or 25% to a decade-low price of 62p at the open on 10 April after the specialist manufacturer reported widening losses for 2024 and announced its chief executive would step down. For the year to December 2024, the Woking-based company, which...
Tesco shares drop on fears it will launch ‘price war’ to raise market share
Thursday 17 Apr 2025Since taking over the helm at Tesco (TSCO) four years ago, chief executive Ken Murphy and the rest of the team have done a fine job of steering the grocery giant to record profits and its highest market share in a decade. It was a surprise, therefore, when the shares dropped 6% on the day the...
Can Relx maintain its strong performance in the first quarter?
Thursday 17 Apr 2025Back in February, business information and data analytics firm Relx (REL) reported a strong set of full-year results and investors will be hoping for more of the same when it posts its first-quarter earnings on 24 April. The shares are up 12% over the past year, hitting a 52-week high of £42.05 on...
Is this the end of the road for Tesla bulls?
Thursday 17 Apr 2025Could it get any worse for Tesla (TSLA:NASDAQ) ? Top executives have been fleeing the ship, demand is plummeting, sales slipping, and government incentives at home and abroad are under threat, and that’s not the worst of it. JPMorgan analysts recently slashed their forecasts after citing ‘...
After discovery bright spot for BP what next for UK energy giants?
Thursday 17 Apr 2025Together, BP (BP.) and Shell (SHEL) accounted for more than 10% of the FTSE 100 index at the end of the first quarter, meaning their fortunes matter to anyone with exposure to the UK market through a tracker fund. Both firms are finding life difficult thanks to slumping commodity prices, although...
Markets recover some poise after tariff U-turn
Thursday 17 Apr 2025Markets around the world have reacted with palpable relief to two major decisions by the Trump administration. First, on 9 April, reciprocal tariffs (except on China) were delayed for 90 days – which proved the catalyst for the third-largest daily gain for US stocks since the Second World War. Many...
Markets price in increased odds of recession as tariff uncertainty bites
Thursday 10 Apr 2025A weaker dollar, cheaper oil and lower 10-year treasuries were high up on US treasury secretary Scott Bessent’s agenda when he came into office. Crashing stock markets was not on the list, but this is exactly what has happened since Trump unveiled his barrage of global tariffs on 2 April, causing...
‘Liberation Day’ sell-off ranks up there with the worst of them
Thursday 10 Apr 2025When Donald Trump became president for the second time, many observers assumed he would use the stock market as a barometer of how well or how badly his policies were affecting US confidence as he did during his first term. However, this notion of markets forming a ‘guard rail’ has been well and...