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Disney CEO Bob Iger under increasing pressure from share activists
Thursday 07 Dec 2023It’s action stations at entertainment giant Walt Disney (DIS:NYSE) , where despite fourth-quarter results beating analysts’ expectations activist investors Nelson Peltz and ex-Marvel executive Ike Perlmutter are not happy bunnies. In collaboration with Perlmutter, Peltz and his firm Trian Fund...
Shift in interest rate expectations sends Barratt Developments to year-high
Thursday 07 Dec 2023Although its latest trading update in October did little to dispel the gloom surrounding the new housing sector, shares in the UK’s leading developer Barratt Developments ( BDEV ) have rallied sharply in the last few weeks and are currently hitting new 12-month highs. While private reservations...
Will the latest global climate conference result in meaningful progress?
Thursday 30 Nov 2023To precious little fanfare COP28 is underway. The 28th Conference of the Parties of the United Nations Climate Change Committee, is somewhat controversially being held in Dubai, a city whose fortunes and skyline were built on extracting fossil fuels. As global temperatures continue to rise – with...
The S&P 500 set to notch-up the biggest monthly gain of the year
Thursday 30 Nov 2023Market sentiment has shifted markedly over the last few weeks with major equity benchmarks set to record their best month of the year. So far the Nasdaq Composite is up nearly 14% in November, the S&P 500 is up nearly 11% while in Europe the German Dax and the FTSE 250 mid-cap index are up...
Frontier Development shares hit a nine-year low on sales disappointment
Thursday 30 Nov 2023Shares in Frontier Developments ( FDEV:AIM ) seem to be on a continual downward spiral, having fallen 84% year-to-date to the 154p mark. The once high-flying Cambridge-based games software group has been hit by a series of profit warnings, the last one causing its shares to slide over 20% in a day...
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...