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Poolbeg Pharma shares go into freefall after merger talks with US biotech firm revealed
Thursday 09 Jan 2025Shares in Poolbeg Pharma (POLB:AIM) nearly halved after the company announced it was in merger talks with US biotech firm Hookipa Pharma (HOOK:NASDAQ). If the all-share proposition goes ahead the newly combined group, with a special focus on next-generation immunotherapies for the treatment of...
UK stocks see October’s record outflow turn into net inflows in November
Thursday 19 Dec 2024In terms of an early Christmas present, the UK market received its very own ‘secret Santa’ gift last month with the first net inflow into funds invested in UK stocks since April 2021. According to data from consultants Calastone, fund flows turned positive in November after record outflows in...
SThree shares slump 28% after shock cut to earnings guidance
Thursday 19 Dec 2024Specialty recruitment firm SThree (STEM) , which focuses on filling roles in science, technology, engineering and mathematics settings, posted a downbeat trading statement for the 12 months to November and drastically cut its forecast for earnings for the current year. The shares, which were...
Raspberry Pi shares boot up after fresh tie-up and new product launch
Thursday 19 Dec 2024After the initial buzz around its June 2024 IPO, Raspberry Pi (RPI) seemed to be getting a few raspberries from the market as the shares drifted from their early highs. However, over the last month the stock has advanced more than 40% to trade at record levels. Founded by chief executive Eben Upton...
Vivendi spin-off Canal+ marks biggest UK IPO of 2024
Thursday 19 Dec 2024After what has been a poor year for UK listings, the London Stock Exchange could afford to celebrate this week with the float of French media group Canal+ (CAN) which debuted with a market value of around £2.5 billion. Although the shares were listed in London, and at that value would normally be...
Nasdaq hits new record as tech drives returns and investors lap up Bitcoin exposure
Thursday 19 Dec 2024The Nasdaq Composite index closed at a record high in mid-December as tech continued to drive returns ahead of the last Federal Reserve policy meeting of the year. Having recently smashed through the 20,000 mark, the index closed at 20,173.89 on 16 December, boosted by sharp jumps for Tesla (TSLA:...
Can Chemring profit play catch-up after slow start to the year?
Thursday 12 Dec 2024Military equipment supplier Chemring (CHG) would seem to be well placed considering the recent escalation of geopolitical tensions and conflicts which have lifted sector peers. However, the shares have fallen sharply during the last quarter of 2024. Investors are seemingly nervous about a back-...
Why Rolex seller Watches of Switzerland has clocked up a 40% gain in six months
Thursday 12 Dec 2024Following a tumultuous two-and-a-half year period in which the stock price plunged, Watches of Switzerland’s (WOSG) shares have rallied the best part of 40% in six months with the UK luxury watch and jewellery markets having bottomed out and US market share gains exciting investors. Having spooked...
China eases monetary policy ahead of Trump 2.0 and global tariff war
Thursday 12 Dec 2024It may not seem much to non-China watchers, but the Communist party’s politburo has changed the wording of its stance on monetary policy for the first time since the 2007/8 financial crisis from ‘prudent’ to ‘moderately loose’. Chinese and Hong Kong listed shares jumped, as did those of UK and...
Budget impact on UK firms tops £1 billion as hiring slows
Thursday 12 Dec 2024UK firms from the retail, leisure, hospitality, manufacturing, logistics and housebuilding sectors have said they will incur additional costs due to the increases in the national living wage and employers’ national insurance contributions announced in the Budget on 30 October. According to Reuters...