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Investors finally get a steer on Novacyt’s earnings potential

Thursday 22 Oct 2020

Investors in diagnostics specialist group Novacyt (NCYT:AIM ) have been treated to two important pieces of news. Earnings estimates are available for the first time since the company listed on AIM in 2017 after Numis starting research coverage on the stock, which has gone up by 7,190% in value this...

Reckitt Benckiser shares having best year since 2015

Thursday 22 Oct 2020

Dettol, Lysol and Durex maker Reckitt Benckiser ( RB. ) is having its best year on the stock market in five years. So far this year (to 20 Oct), its share price has risen by 17.4%. That is nearly twice as much as it achieved in 2016 (9.6%) and fast approaching the 20.6% achieved in 2015. Helping to...

Be prepared for a big movement in the oil price

Thursday 22 Oct 2020

The price of oil has proved resilient in recent months with the global benchmark Brent Crude still above the $40 per barrel mark it has largely held since the summer. However, the market now faces a key test as producers’ cartel OPEC and Russia announce their next big decision on production quotas...

Crisis brewing at JD Sports as orders delayed

Thursday 22 Oct 2020

A problem is brewing at JD Sports Fashion ( JD. ) where customers have experienced order delays and poor customer service, according to comments on social media. Negative sentiment towards the brand could potentially hurt earnings, particularly if the situation isn’t resolved soon. ‘Due to...

RIP austerity as Eurozone budget deficits soar

Thursday 22 Oct 2020

Eurozone governments have racked up close to €1 trillion of budget deficits on emergency measures to combat the economic pain caused by Covid-19. The Financial Times calculated the 19-country block’s fiscal deficit will increase to an aggregate €976 billion, equivalent to almost 9% of GDP this year...

Regulators on both sides of the pond size up big tech targets

Thursday 15 Oct 2020

Some of the world’s largest technology companies are facing attack from both sides of the Atlantic as regulators mull arming themselves with new powers aimed at capping the market dominance of Amazon, Apple, Facebook and Google-owner Alphabet among others. The four tech juggernauts are thought to...

AIM index regains strength and US tech stocks rally again

Thursday 15 Oct 2020

While the FTSE 350 and FTSE All-Share indices remain well below all-time highs, the AIM market has been on tear, recovering all the losses suffered during the lockdown-induced sell-off in March. Across the Atlantic the US technology sector-dominated Nasdaq 100 index registered its biggest one-day...

Leisure sector hit by Boris’ latest lockdown restrictions

Thursday 15 Oct 2020

In another blow for the hard-pressed leisure sector, Boris Johnson has introduced a new three-tier restrictions framework to combat the spread of coronavirus, notably across the north of England. Noting that wet-led (drinks) establishments are expected to be harder hit than food-led venues, Liberum...

Vodafone could raise stakes in TalkTalk buyout battle

Thursday 15 Oct 2020

Don’t rule out more bidders for embattled telecoms services supplier TalkTalk ( TALK ) . Private equity investor Toscafund has made a 97p per share offer for the business, valuing it at £1.1 billion. While the approach implies a rough 16.5% premium to the stock’s 83.3p level before the announcement...

Hipgnosis rival Round Hill Music to float new trust on UK stock market

Thursday 15 Oct 2020

FTSE 250 music royalty investor Hipgnosis Songs Fund ( SONG ) is to get another listed rival in mid-November as Round Hill Music plans to float an investment trust on the London Stock Exchange. Both companies generate an income through owning the rights to various songs, collecting royalty payments...

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