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Hunting lifted by higher oil prices and inspiring long-term vision for business
Thursday 12 Oct 2023A combination of a favourable commodity price backdrop and positive operational progress has helped energy services firm Hunting ( HTG ) to a 20% share price gain in the past six months. As chief executive Jim Johnson explained to Shares an investor day on 13 September was intended to demonstrate...
VinFast stock’s rapid rise matched by equally fast falls
Thursday 12 Oct 2023A roller-coaster analogy is often used with high volatility stocks, but skiing is perhaps a better one for VinFast Auto (VFS:NASDAQ) . To say Vietnam’s supposed answer to Tesla (TSLA:NASDAQ) was a debut hit would be an understatement - the stock surged roughly 270% on its $22 IPO (initial public...
Tesla deliveries miss in third quarter and pose the risk of lower margins
Thursday 12 Oct 2023T esla (TSLA:NASDAQ) unveiled another round of vehicle price cuts in the US (2 October), the seventh time this year that the world’s biggest electric car maker has lowered prices on some models. Yet investors were left a little miffed by lower third-quarter deliveries, even after planned production...
Weak retail figures and Bank of England gloom dial down rates pressure
Thursday 12 Oct 2023Although the UK experienced the hottest September on record, shoppers showed no sign of loosening their purse strings according to the latest updates from Kantar Worldpanel and the BRC (British Retail Consortium). Combined with a gloomy assessment from the Bank of England of the prospects for the...
Greggs experiences some growing pains but there is no cause for alarm
Thursday 05 Oct 2023The difficulties in hitting its ambitious growth targets were laid bare in Greggs’ ( GRG ) third-quarter trading update (3 October) and combined with a lack of earnings upgrades the shares continue to lose the momentum they had built up over late 2022 and into 2023. There were things to like from...
Federal Trade Commission lawsuit could be the first step in an Amazon break up
Thursday 05 Oct 2023An antitrust lawsuit from 17 states and the Federal Trade Commission against Amazon (AMZN:NASDAQ) represents the US government’s biggest regulatory challenge yet against the e-commerce giant, one that could see the $1.34 trillion company eventually broken up. The landmark case targets Amazon’s...
The UK stock market is almost back on top in the European rankings
Thursday 05 Oct 2023It’s not often the UK stock market gets to blow its own trumpet but in September the FTSE 100 was the best-performing major global index, gaining 2.3%, while Germany’s Dax lost 3%, the S&P500 lost 4% and the tech-heavy Nasdaq 100 ended the month 4.5% lower. Key drivers of international weakness...
Why Digital 9 Infrastructure’s shares are down 60% over one year
Thursday 05 Oct 2023Digital infrastructure investor Digital 9 Infrastructure (DG19) slumped 40% as disappointing first-half results (28 September), showing an 8.8% drop in net asset value (NAV), and the suspension of the dividend sent investors heading for the exits. This extended 12-month losses to more than 60% with...
Future shares jump 20% as publisher paints improved full-year picture
Thursday 05 Oct 2023Shares in Future ( FUTR ) have risen nearly 20% to the 857p mark after it said (29 September) that its adjusted full year profits will now be £254.1 million ‘in line with board expectations.’ This figure represents ‘a turnaround’ of sorts for the publisher who warned back in May that its full year...
Could a wet summer derail recovery at Wetherspoons?
Thursday 05 Oct 2023The UK’s biggest pub group JD Wetherspoon ( JDW ) is due to release its full year results to 31 July on 6 October and, given strong trading in the first 10 weeks of the final quarter, they are likely to at least meet expectations. That looks like a bare minimum given positive investor sentiment...