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Travel stocks hammered on quarantine chaos

Thursday 20 Aug 2020

Travel stocks continue to take a hammering as a rising number of destinations come under the threat of facing quarantine measures from the UK Government. Following on from popular holiday destinations France and Malta being suddenly removed from the UK’s travel corridor list last week, reports...

Buffett backs away from banks in latest portfolio reshuffle

Thursday 20 Aug 2020

Berkshire Hathaway, the holding company controlled by legendary investor Warren Buffett, made several interesting changes to its portfolio in the quarter to the end of June. As well as the much-publicised dumping of airline shares, which Buffett admitted was ‘a mistake’ to have bought in the first...

Alarm bells ring for retail as UK sheds 730,000 jobs

Thursday 13 Aug 2020

According to the latest Office for National Statistics (ONS) unemployment data (11 Aug), the number of people in work in Britain has suffered the biggest drop since 2009, while the coronavirus will take a heavier toll on the labour market as the government winds down the furlough scheme. The grim...

European Assets sticks to dividend after quality shift

Thursday 13 Aug 2020

Small and mid cap European equity investment trust European Assets ( EAT ) has stuck to its generous dividend payout after shifting to quality names which were heavily sold in the market correction earlier this year. In its half yearly results, the trust’s board committed to paying a fourth interim...

Housing market and Rightmove are resilient (for now)

Thursday 13 Aug 2020

The resilience of the UK housing market has been one of the notable features as we moved out of lockdown and into the next phase of the pandemic. This was reflected in recent first half results from property site Rightmove ( RMV ) which saw the company reveal that between the beginning of June and...

This ETF owns more gold than the Bank of England

Thursday 13 Aug 2020

As investors flock to gold amid a wall of worries, one exchange-traded fund (ETF) has seen so a high level of inflows it now holds more gold than central banks including the Bank of England and Bank of Japan. SDPR Gold Shares , run by American ETF giant State Street, now has $80 billion of...

Big tech smashes forecasts in second quarter

Thursday 06 Aug 2020

The US technology-led Nasdaq index was given another huge lift at the end of last week as four of the world’s big five tech companies posted huge profits just days after a marathon five-hour grilling from Congress over their scale and power. Google-owner Alphabet , Amazon , Apple and Facebook ,...

Should BP have cut its dividend more?

Thursday 06 Aug 2020

A little more than three months after Royal Dutch Shell (RDSB ) moved to cut its dividend, BP ( BP. ) has followed suit alongside its second quarter results (4 Aug). This was widely expected and the market’s attention appears to have been drawn to further details on the long-term strategy which...

The implications of big commodities rally for the miners

Thursday 06 Aug 2020

Commodities have had a wild ride this year, recording their fastest ever recovery from their fastest ever bust. After the coronavirus pandemic various commodities took a major tumble. A World Bank report from April suggested energy commodities, like oil, natural gas and coal, were set to be 40%...

Stalling online growth at Next should prove temporary

Thursday 06 Aug 2020

While clothing-to-homewares retailer Next ( NXT ) rallied after the high street bellwether reported (29 Jul) a better than feared second quarter sales fall and upgraded annual profit guidance, online sales, for so long the growth driver for Next, appeared to stall between mid-June and mid-July...

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