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Rightmove shows resilience in latest trading update despite housing market uncertainty
Thursday 30 Nov 2023An upbeat trading update and revised financial targets from the UK’s leading property portal Rightmove ( RMV ) proved a hit with investors on 27 November, but it hasn’t been all plain sailing for the FTSE firm of late. At the end of October, the group’s share price took a battering after US real...
Strong growth and a new head of operations drive rerating at Trustpilot
Thursday 30 Nov 2023It has been an eventful second half of the year for global review platform Trustpilot Group ( TRST ) after the firm raised its profit guidance and appointed a new chief executive. From their early July low of 63p, just before the release of the group’s first half trading update, the shares have...
NatWest retail share offer and booze duty freeze catch market attention in Autumn Statement
Thursday 23 Nov 2023Shares in banking group NatWest ( NWG ) slipped on news of a potential retail shareholder offer in the coming 12 months – with chancellor Jeremy Hunt giving a deliberate nod to the privatisations of the 1980s in his Autumn Statement. The concern will be that at least a portion of the state’s...
Nvidia blows the lights out, but China clampdown causes concerns
Thursday 23 Nov 2023The AI boom continues to drive stunning revenue growth for Nvidia (NVDA:NASDAQ) , which smashed already-elevated earnings expectations, but the firm issued a veiled threat that US restrictions on selling advanced chips to China may come at a cost. Nvidia clocked adjusted earnings per share of $4.02...
UK takeover focus turns to consumer-facing stocks
Thursday 23 Nov 2023Predators continue to swoop on the UK stock market’s undervalued prey and a number of consumer-facing firms have drawn bids or flagged takeover interest since Shares addressed the mergers and acquisitions theme on 16 November. High-profile targets include Hotel Chocolat ( HOTC:AIM ) , City Pub...
Uber shrugs off doubts about profitability after rise in third quarter revenue
Thursday 23 Nov 2023Shares in ride-hailing and food delivery outfit Uber Technologies (UBER:NYSE) are up 121% year-to-date with the latest rally driven by a strong outlook for the fourth quarter. While third-quarter revenue of $9.3 billion was slightly below forecasts it still represented 11% growth, and the firm...
Burberry shares suffer biggest one-day fall in over a decade
Thursday 23 Nov 20232023 has been anything but a vintage year for investors in Burberry ( BRBY ) , with the shares losing 23% year-to-date as sales succumb to the global economic slowdown. The firm’s fall from grace shows that even luxury fashion houses aren’t immune from seeing their customers cut back on spending...
AI-powered growth has seen Crowdstrike stock double
Thursday 23 Nov 2023After years of investment, cyber-security firm Crowdstrike (CRWD:NASDAQ) is poised to kick-start its profitable growth phase, one that could keep the stock on the boil. The shares have already doubled in 2023 as investors bet on AI-powered growth years into the future, and that optimism is shared...
Pearson shares on a roll after profit guidance upgrade and hiring a new CEO
Thursday 16 Nov 2023Shares in education media group Pearson ( PSON ) have been in a rising trend since August, up 19% to 968p as investors reappraise the company’s prospects. Helping to sustain the upward share price movement was a well-received trading update on 30 October where the company upgraded its full-year...
Why UK shares are vulnerable to further takeovers in 2024
Thursday 16 Nov 2023UK shares have lagged their US and European counterparts significantly since 2016 leaving them vulnerable to takeover by more highly-valued peers and private equity groups which are still flush with cash, argue Shore Capital research analysts Rob Sanders and Chris Bottomley. Since June 2016, at the...