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Ocado winning robot wars but UK sales have disappointed
Thursday 16 Dec 2021UK online grocery delivery firm Ocado ( OCDO ) won a major victory in a patent infringement battle with Norwegian robot maker AutoStore, prompting its shares to jumped nearly 10% on 14 December. This helped to make up for disappointing fourth quarter trading figures from its joint venture with...
Could Tesco or Sainsbury’s be in the market for Boots?
Thursday 16 Dec 2021Whispers that US retail pharmacy behemoth Walgreens Boots Alliance is putting Boots up for sale suggests an interesting 2022 for Britain’s best-known high street chemist. Speculation is swirling as to who might buy the 172-year-old health and beauty retailer, which would be valued at about £6...
Investors eye last minute Santa Rally on the markets
Thursday 16 Dec 2021There could still be time for the traditional ‘Santa Rally’ on stock markets, spurred on by the latest encouraging data from South Africa on the Omicron variant and positive technical evidence that US shares are building up a head of steam. Case levels in the Gauteng region of South Africa appear...
Vanguard expands LifeStrategy fund range with ESG options
Thursday 16 Dec 2021Pennsylvania-based investment firm Vanguard, which manages $8.4 trillion in global assets across more than 400 funds, has expanded its popular LifeStrategy range with new products aimed at investors wanting to include ESG (environmental, social and governance) factors in their process. The new...
BT could go down a different path for its sports arm
Thursday 09 Dec 2021BT’s protracted £600 million sale of its sports channels to streaming service DAZN could be off after reports emerged that the UK telecoms group was in separate talks with Discovery. The US broadcaster, which already operates the Eurosport channels, is thought to have proposed a joint venture with...
China crackdown on US listings to benefit Hong Kong Stock Exchange
Thursday 09 Dec 2021Tensions between America and China have escalated in recent months. This has been due, in part, to a Chinese preference for its companies to list closer to home coupled with reports that it is intending to ban companies from listing on foreign exchanges. The Biden administration has exacerbated...
Stock markets stage full recovery after Omicron fears
Thursday 09 Dec 2021Stock markets hate uncertainty, and the arrival of Omicron has created an information vacuum which is likely to persist until scientists and economists get to grips with the likely health and economic effects caused by the latest variant of concern. On 26 November, the so-called fear gauge, the VIX...
Thungela plots bumper dividend despite coal price retreat
Thursday 09 Dec 2021Despite observing a recent moderation in thermal coal prices, £518 million coal producer Thungela Resources ( TGA ) is on track to deliver a bumper maiden dividend – with a recent trading update (6 Dec) giving the shares a significant lift. The South Africa-based operator, spun out of Anglo...
Stocks relevant to efforts to licence vaping for medical use
Thursday 09 Dec 2021The UK could soon be the first country in the world to licence e-cigarettes or vapes as a medicinal product available on prescription in an effort to help people stop smoking. The news from the Medicines and Healthcare Products Regulatory Authority sent shares in medical cannabis firm Kanabo ( KNB...
New listing rules aim to bring more innovative companies to London
Thursday 09 Dec 2021In a bid to improve the attractions of the UK stock market as a venue of choice, the Financial Conduct Authority has introduced new rules for companies wanting to float their shares in this country. Firms can now list with a dual class structure within the London Stock Exchange’s premium listing...