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Low visibility hampers travel sector recovery

Thursday 10 Sep 2020

The fragile recovery of the travel and leisure sector looks to have hit a bump in the road as companies across the industry struggle with little visibility on customer bookings. Jet2 owner Dart Group ( DTG:AIM ) says winter demand has so far failed to match up even to its revised capacity, with...

JD Sports says earnings will be 56% higher than expected

Thursday 10 Sep 2020

The outlook for athleisure demand looks stronger than many people might have expected, given how JD Sports Fashion’s ( JD. ) new full-year earnings guidance is 56% higher than the analyst consensus forecast. Shares in the retailer jumped nearly 7% to 772.7p on 8 September after the company said its...

Royal Mail shares jump 22% on higher revenue forecast

Thursday 10 Sep 2020

Shares in Royal Mail ( RMG ) leapt 22% to 213p on 8 September after the firm raised its guidance for annual turnover but warned that increased costs would still see it post a material loss for the year. It said a substantial shift from letters to parcels in the first five months of the current...

Investors spooked as technology stocks dive

Thursday 10 Sep 2020

High-flying US technology stocks have stumbled over the past week as investors back off from many of the mega-cap companies that have fuelled equity markets since March. Between the market close on 2 September and end of day trading on 8 September, the tech-heavy Nasdaq index fell 10%, while the S...

Brexit talks resume under a cloud

Thursday 10 Sep 2020

The eighth round of Brexit trade talks got underway on 8 September, with the European Union (EU) warning Boris Johnson not to row back on parts of the withdrawal agreement reached just a year ago while the UK’s chief negotiator insisted the bloc needed to be ‘realistic’. The pound took a hefty...

Saga white knight welcomed by investors

Thursday 03 Sep 2020

Over-50s travel and insurance specialist Saga ( SAGA ) is set to raise £150 million in a bid to shore up its balance sheet, improve liquidity and help execute its turnaround plan. Shares in the company have soared this week after the news, initially jumping 41% to around 19p, as it was also...

SDL’s tie-up with RWS offers a compelling story

Thursday 03 Sep 2020

Investors in language translation software developer SDL ( SDL ) have a decision to make after the company agreed an all-share takeover by RWS ( RWS:AIM ) . RWS is a provider of language localisation and intellectual property (IP) support services. It is the seventh largest company listed on the...

Shock resignation of Japan PM hits Nikkei

Thursday 03 Sep 2020

News of Japan’s prime minister Shinzo Abe stepping down due to ill-health has shocked financial markets. In a flash indication for what it means for Japanese stocks, the country’s benchmark Nikkei 225 index plunged 1.41% in afternoon trading on 28 August shortly before the news was confirmed...

US markets flash warning signs with echoes of past corrections

Thursday 03 Sep 2020

Technical analysis and other market developments suggest investors should be on their guard. Both the S&P 500 and Nasdaq 100 indices are rising at the same time as implied volatility is rising – a phenomenon known as positive correlation – which is not only highly unusual but typically presages...

US Federal Reserve tweaks monetary policy goals

Thursday 03 Sep 2020

US Federal Reserve chair Jerome Powell delivered what many Fed watchers had been expecting at the annual Jackson Hole speech on 27 August, when he signalled a change to monetary policy goals. In future the central bank will target average inflation, which means accepting periods of overshooting and...

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