magazine archive
magazine archive
News
Nvidia market cap could hit $5 trillion, says analyst
Thursday 27 Jun 2024The stunning rally in Nvidia (NVDA:NASDAQ) stock could be far from over, with one analyst believing that the AI (artificial intelligence) chip designer could see its market cap smash through the $5 trillion level during 2025. So says Louis Navellier, chief investment officer and founder of...
BP Marsh blows away forecasts with bumper returns
Thursday 20 Jun 2024Most investors won’t have heard of BP Marsh (BPM:AIM) , the specialist investor in early-stage financial services businesses. Formed over 30 years ago by current chairman Brian Marsh, the firm takes an ‘eyes-on, hands-off approach’ to investing, taking small stakes in new businesses where it knows...
Serica shares hit 12-month lows on fears over licences and windfall tax
Thursday 20 Jun 2024Things were really looking up for North Sea oil and gas producer Serica Energy (SQZ:AIM) in May. On 14 May, the firm announced that Chris Cox, formerly chief executive of Spirit Energy and currently a director at Caspian Basin-focused Nostrum Oil & Gas (NOG) , would bring his considerable...
Pub and bar operators are looking forward to a bumper summer of sport
Thursday 20 Jun 2024The UEFA Euro 2024 football tournament is likely to be one of the most-watched events of the year, on a par with the Olympic Games later this summer. According to broadcaster ITV (ITV) , more than 10 million viewers tuned in to watch the opening match between Scotland and Germany, the highest peak...
US markets embrace better inflation narrative but Fed remains reluctant to declare victory
Thursday 20 Jun 2024The yawning gap between market expectations for interest rate cuts at the start of 2024 and now is stark. From a market implied six quarter of a percentage point rate cuts, expectations going into the Federal Reserve’s latest policy meeting (12 June) have been cut to between one and two cuts before...
Why shareholders voted for Elon Musk’s $56 billion pay package
Thursday 20 Jun 2024Chief executive compensation has long been out of whack with the average worker. According to the Economic Policy Institute, US chief executive pay has increased 1,209% since 1978 compared with a 15.3% rise in typical worker’s pay. Put another way, in 2022 CEOs were paid 344 times as much as the...
Character Group in the pink as it predicts full-year profit beat
Thursday 13 Jun 2024Surrey-based maker of Peppa Pig, Teletubbies and Teenage Mutant Ninja Turtles toys, Character Group (CCT :AIM) , knocked earnings forecasts into a cocked hat with its first-half results as pre-tax profit multiplied from £0.2 million to £2.2 million. The firm said the jump in profitability in the...
European markets nervous as French president Emmanuel Macron calls snap election
Thursday 13 Jun 2024European markets reacted badly to president Emmanuel Macron’s call for a snap French election after far-right parties made major gains in the European elections held over the weekend. Macron’s decision on Sunday to suspend parliament and force an election next month was triggered by the far-right...
Moderna in prime position to offer first combined flu/Covid shot
Thursday 13 Jun 2024Covid-19 stock market darling Moderna (MRNA) appears to be getting its mojo back with investors following a punishing 85% drop in the shares from their September 2021 highs. Over the last six months Moderna’s shares have more than doubled and despite the fall over the past couple of years, they...
Raspberry Pi float off to great start, can it reinvigorate UK-listed tech sector?
Thursday 13 Jun 2024Affordable computer developer Raspberry Pi (RPI) made a stunning debut on the London Stock Exchange with its IPO (initial public offering) priced at 280p, the top end of the range, and the shares surging 30% higher to 360p in early dealings, valuing the company at nearly £700 million. UK tech...