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Uranium’s glowing performance amid energy crisis
Thursday 21 Oct 2021There appears to be no let-up in the volatility in uranium prices and associated investments as the global energy crisis rumbles on. In the wake of the disaster at the Fukushima nuclear plant in Japan in 2011 there has been a steady reduction in demand for uranium as countries turned away from...
ProCook and Stelrad plot main market flotations
Thursday 21 Oct 2021A number of companies, such as roofing tiles maker Marley, have shelved float plans amid market volatility and there are concerns the quality of initial public offerings is deteriorating following a sustained new issues boom, yet some interesting hopefuls are testing investor appetite for new...
China could export inflation to the rest of the world
Thursday 21 Oct 2021After a couple of weeks of healthy gains, the global emerging markets index took a step back on 18 October after the latest Chinese economic data disappointed on two fronts. On the one hand, growth in the quarter to September was weaker than expected, while on the other industrial prices were...
Chubb’s $5.7bn Asian deal has positive read-across to Prudential
Thursday 14 Oct 2021American insurance company Chubb has acquired the life and health businesses of Cigna in seven Asia-Pacific markets for $5.7 billion in cash. This move validates Prudential’s ( PRU ) increasing focus on the appealing dynamics in the Asian insurance market. Penetration rates of savings, protection...
Entain’s silence on DraftKings takeover approach is puzzling
Thursday 14 Oct 2021Investors hoping that Ladbrokes and Coral owner Entain ( ENT ) would provide an updated response to September’s unsolicited takeover approach from US fantasy sports company DraftKings at its third quarter trading update on 12 October were sorely disappointed. If Entain’s management wanted the...
IPOs still coming thick and fast despite some cancellations
Thursday 14 Oct 2021UK investors seem to have got over the blow of Deliveroo ( ROO ) and other flop IPOs (initial public offerings) with London’s new listings matching Europe’s bulging pipeline. Despite ongoing inflation and interest rate hike threats, supply chain blockages and a stubborn Covid virus that refuses to...
Knock-on effects from higher gas prices are wider than many think
Thursday 14 Oct 2021A perfect storm has created a nasty energy shock which has seen natural gas, oil and coal prices soar this year. This isn’t just a UK issue, but a global problem in part exacerbated by the strong economic rebound. The fallout could soon be seen in the results from manufacturers and other sectors...
ASOS shareholders hope new CEO can revive share price growth
Thursday 14 Oct 2021ASOS ( ASC:AIM ) shareholders might be glad to see the retailer search for a new chief executive, given how the share price has performed poorly for chunks of Nick Beighton’s six-year tenure running the company. Like rival Boohoo ( BOO:AIM ) , ASOS is suffering from an uneven demand recovery and...
Investors warned to be wary of FTSE 100 super-yields
Thursday 07 Oct 2021FTSE 100 dividends are expected to jump 36% this year to £84.1 billion, according to figures from AJ Bell, just a fraction off pre-pandemic peaks of £85.2 billion in 2018. That implies a FTSE 100 yield of 4.1% in 2021, but several names promise significantly higher yields. Nine companies including...
Greggs will have to work hard to succeed overseas
Thursday 07 Oct 2021Having steered the company successfully through the pandemic, Greggs’ ( GRG ) CEO Roger Whiteside and the rest of his well-regarded management team have outlined big plans for the coming years. The company hopes to double turnover to £2.4 billion by 2026 and while this is an ambitious target,...