magazine archive
magazine archive
News
US auto strikes deal now has big implications for inflation and Fed policy
Thursday 02 Nov 2023After seven weeks on strike the UAW (Union of Auto Workers) and the major US auto makers seem to have finally agreed workable deals. Fiat/Chrysler owner Stellantis NV (STLAM:BIT) and Ford Motor Company (F:NYSE) announced deals over the weekend while the last standout General Motors (GM:NYSE)...
What did we learn from the latest round of UK bank earnings?
Thursday 02 Nov 2023When it came to their third-quarter earnings updates, none of the UK’s ‘Big Four’ high-street lenders could be said to have covered themselves in glory. Shares in Barclays ( BARC ) , HSBC ( HSBA ) , Lloyds ( LLOY ) and NatWest ( NWG ) all declined on the day of their results, regardless of whether...
Ascential shares surge 30% on £1.4 billion divestments to focus on events
Thursday 02 Nov 2023The market is reacting extremely positively to news of events outfit and information provider Ascential’s ( ASCL ) sale of its digital commerce and product design businesses for a combined £1.4 billion. The digital commerce unit is being offloaded to Omnicom (OMC:NYSE) for £741 million and WGSN –...
Whirlpool shares in a spin amid big questions on white goods margin and earnings outlook
Thursday 02 Nov 2023Despite strong third quarter results, shares in the world’s leading electrical appliance-maker Whirlpool (WHR:NYSE) tumbled 20% last week to their lowest since the pandemic after the Michigan-based manufacturer lowered its full year earnings target. Revenue and earnings were well ahead of estimates...
Berkshire Hathaway continues to benefit from a strong US economy
Thursday 02 Nov 2023Investment conglomerate Berkshire Hathaway (BRK.B:NYSE) attracts investor interest in the companies it is buying and selling that is revealed through quarterly 13F filings. These are a regulatory requirement for all firms with more than $100 million in assets under management. At last count on 14...
‘Writing on the wall’ for open-ended property funds as M&G closes once popular product
Thursday 26 Oct 2023In what will seem like yet another case of déjà vu for property investors, one of the biggest open-ended funds in the market has decided to suspend dealing in its shares and shut up shop. This move brings into question the future of this type of property fund given the inherent structural problems...
Tesla investors left sweating over scope for margins recovery
Thursday 26 Oct 2023Tesla (TSLA:NASDAQ) is facing a stiff challenge to repair profitability as multiple price cuts this year threaten to leave a lasting mark on margins and the share price. At the start of October (2 October) Tesla unveiled another round of discounts in the US, the seventh time this year that the...
Netflix ‘turnaround complete’ as cash flow soars in the third quarter
Thursday 26 Oct 2023An impressive set of Netflix (NFLX:NASDAQ) third quarter earnings has helped get the share price moving again as it creates optimism in the market that the company is getting the balance right between growing its subscriber base and delivering profit and cash. The company’s cash flow was a stand-...
Big medical breakthrough drives huge gains in Oxford Biodynamics shares
Thursday 26 Oct 2023Biotechnology company Oxford Biodynamics ( OBD:AIM ) has seen its shares go up three-fold in the last month driven by positive news flow. The company, which is developing precision medical tests based on its proprietary EpiSwitch3D genomics platform, announced earlier than expected validation of...
Why global bond yields continue to shoot up and what it means
Thursday 26 Oct 2023After two consecutive years of losses (prices move in the opposite direction to yields) bond investors were relatively optimistic at the start of 2023. Sadly, that optimism was misplaced with the real prospect of an historic third consecutive year of losses in the cards. Since the US 10-year...