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Soft drink and snack giant PepsiCo's earnings have surprised positively twice this year
Thursday 05 Oct 2023Despite PepsiCo (PEP:NASDAQ) having twice beaten earnings forecasts this year, by an average of 8%, and twice raised its outlook, the shares have fallen close to their lowest level since January on concerns over pricing and its continued presence in Russia. Although the firm raised its sales...
Shares in Orcadian Energy pick up speed as they gain more than 200% in two weeks
Thursday 28 Sep 2023North Sea oil and gas minnow Orcadian Energy ( ORCA:AIM ) has seen its share price increase more than four-fold to 14.5p since mid-September. The big driver is a proposed farm-out deal on its Pilot project in the central North Sea (18 September). Orcadian has granted exclusivity on a provisional...
How mooted UK policy changes could impact UK businesses and investors
Thursday 28 Sep 2023Prime minister Rishi Sunak has floated and announced big policy changes recently from delaying a ban of the sales of new petrol and diesel cares, pulling back on phasing out gas boilers and introducing a New Zealand-style anti-smoking policy. There has also been the public discussion of abandoning...
DFS Furniture sees shares fall 30% year-to-date in a tough market
Thursday 28 Sep 2023Shares in DFS Furniture ( DFS ) have lost nearly 30% of their value so far in 2023 as the sofa seller has struggled with weak demand and inflationary pressures. In the company’s recent set of results, DFS saw its full year profits for the 12 months to 25 June almost halve to £29.7 million compared...
US stocks endure worst week in six months amid rate fears and seasonal ennui
Thursday 28 Sep 2023Historically, the autumn months have not been kind to investors in shares with September and October historically weak relative to other periods of the year. The two months have also registered some of the worst declines in history including the stock market crash of 1987. We are not suggesting a...
What Aldi’s expansion plans mean for its rivals and suppliers
Thursday 28 Sep 2023This week, discount retailer Aldi revealed UK sales in the year to December 2022 increased by £1.9 billion or 14% to a staggering £15.5 billion, a new record in its 33 years of operating here. The company, which has attracted around one million more customers to its stores over the past year, said...
Drax shares tank on fears over new report on UK Government biomass strategy
Thursday 21 Sep 2023Renewable energy supplier Drax ( DRX ) came under pressure on 15 September following news that the National Audit Office will issue a report on the Government’s biomass strategy, including analysis of how support had been funded and implemented. Drax argues burning wood pellets is a sustainable...
Bakkavor shares remain in the doldrums after workers vote to strike
Thursday 21 Sep 2023Shares in Bakkavor ( BAKK ) are trading 20% lower than their February year-to-date high, with strike action being the latest issue to worry investors. Production staff in its London pizza factory have voted to down tools in a dispute over pay. This could affect supplies for big name clients...
TSMC spooks chip industry with slowdown threat
Thursday 21 Sep 2023Global microchip stocks from Nvidia (NVDA:NASDAQ) to ASML (ASML:AMS) have been under stiff selling pressure after a Reuters report said that Taiwan’s TSMC (2330:TPE) , the world’s largest contract chipmaker, had asked its suppliers to delay deliveries amid concerns over slowing demand. The report...
Centrica share price rally has been ‘meteoric’, up 420% since 2020
Thursday 21 Sep 2023Shares in British Gas owner Centrica ( CNA ) have risen by 150% in value since October 2022. Those gains increase to 420% if you go back to April 2020. ‘Centrica’s share price recovery since Covid lows has been meteoric, as the company successfully navigated volatile market conditions, culminating...