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Frasers could be the key to Shein becoming a bigger player in the UK
Thursday 21 Sep 2023FTSE 100 retail group Frasers ( FRAS ) is in talks to sell Missguided to China’s Shein, according to reports. Such a move could have significant implications for the UK retail industry. It could see the Chinese group become a much bigger player in this country and potentially kick-start a new wave...
State pension set to go up by 8.5% from April 2024
Thursday 14 Sep 2023The old state pension is set to rise by 8.5% in April 2024, equating to an extra £13.30 per week or £691.60 a year to £8,814. The new state pension should increase by an extra £17.35 a week or £902.20 a year to £11,502. The Government uses the triple lock system to decide on the rate of growth in...
How deal-hungry CVS became a dog with fleas
Thursday 14 Sep 2023Shares in acquisitive vet services provider CVS ( CVSG:AIM ) are down 23% year-to-date following a savage sell-off triggered by the launch of a Competition and Markets Authority review into the UK pet industry, prompted by an uptick in vet prices driven by industry consolidation. In response to the...
Could Restaurant Group’s leisure disposal lead to a full break-up?
Thursday 14 Sep 2023Shares in Restaurant Group ( RTN ) have been on a tear over the last nine months, gaining 84% after positive trading updates and a strategic review of the business prompted in part by activist investors pushing for change. The company has now agreed to offload its underperforming leisure division (...
Without fanfare, Berkshire Hathaway shares have climbed to all-time high
Thursday 14 Sep 2023While investors have been fretting over the direction of interest rates, the rise in crude oil prices, the state of the US consumer and any number of other things in recent weeks, the B class shares in investment giant Berkshire Hathaway (BRK.B:NYSE) have sailed serenely to a new all-time high of $...
Oil surge is reigniting fears over inflation as Brent hits $91 per barrel
Thursday 14 Sep 2023The decision of Saudi Arabia and Russia to extend their current output cuts has helped Brent crude oil prices reach $91 per barrel for the first time this year. While a potential boon for energy companies listed in the UK and elsewhere, the development threatens to be an inflationary pressure which...
Burford Capital’s $16 billion court win is not a done deal
Thursday 14 Sep 2023On 8 September, investors in litigation finance provider Burford Capital (BUR:AIM) were treated to a 22% spike in the share price to a four-year high of £13.43 following a landmark US ruling on its largest case. For the past eight years Burford has been pursuing a legal case against Argentina for...
Analyst forecasts big increase in profits at Entain and Flutter Entertainment
Thursday 07 Sep 2023Gambling giants Flutter Entertainment ( FLTR ) and Entain ( ENT ) have seen their shares fall between 15% and 20% over the last few months. However, Shore Capital analyst Greg Johnson flags declining regulatory headwinds and an inflection point in US profitability could lead to a step change in...
Novo Nordisk shares continue to soar on strong demand for its weight-loss drugs
Thursday 07 Sep 2023Shares in Danish diabetes specialist Novo Nordisk (NVO:NYSE) have been on a tear over the past 12 months, rising more than 83% in value. Novo has been riding the crest of a wave as demand for its highly effective diabetes and weight-loss drugs has sent its earnings and share price to record highs...
Risk appetite returns after softer US jobs data signals rate pause
Thursday 07 Sep 2023While the US economy added more jobs than expected in August with non-farm payrolls coming in at 187,000 compared with 170,000, the markets took comfort from the big downward revisions to June and July which knocked a combined 110,000 from the prior labour market reports. Stocks and bonds rallied (...