magazine archive
magazine archive
News
Experts rate shares in housebuilders as good value despite property price shock
Thursday 07 Sep 2023As headlines go, last week’s Nationwide house price report showing prices down at their fastest annual rate since 2009 takes some beating even if a decline was more or less expected by experts. The building society’s August survey showed the average house price was 0.8% lower than the previous...
Walgreens’ shares droop as CEO Brewer steps down
Thursday 07 Sep 2023Shares in Walgreens Boots Alliance (WBA:NYSE) , the retail pharmacy giant behind Walgreens and high street chemist Boots, have fallen 37% year-to-date to $23.43 and are down more than 65% on a five-year view. Walgreens’ shares have struggled this year due to a drop in demand for Covid testing and...
Moderna shares surge on cancer venture and Biden booster plan
Thursday 31 Aug 2023Shares in pharmaceutical and biotechnology company Moderna (MRNA:NASDAQ) have had a difficult time since we emerged from the pandemic. However, they’ve started to move up since mid-August. The company’s success in developing a Covid-19 vaccine using mRNA technology helped propel it to highs of...
Asset manager Abrdn is having a tough time on the stock market
Thursday 31 Aug 2023Having only been promoted to the FTSE 100 index last December, fund management firm Abrdn ( ABDN ) is looking to be a leading candidate for demotion from the large-cap benchmark at the next quarterly review. Confirmation of the changes to the index were due as this edition of Shares was being...
Discover the reasons behind these three retail share price jitters
Thursday 31 Aug 2023August is a quiet period for UK retail reporting, but the month proved volatile for the share prices of three shopkeepers as investors reacted to the negative read-across from corporate activity and updates from the US retail sector. Watches of Switzerland’s ( WOSG ) shares plunged 27% to 499p on...
Darktrace investment case strengthening, claims analyst
Thursday 31 Aug 2023Analysts have raised Darktrace ( DARK ) profit forecasts ahead of annual results set to be published on 6 September. Having revisited the investment case, Liberum has upgraded 2023 adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) estimates by 14%, and nudged full year...
August hasn’t been kind to stocks but investors find a silver lining
Thursday 31 Aug 2023Investor confidence has been tested this month as global indices have put in their worst performance so far this year, weighed down by the realisation UK, US and European interest rate rises have further to go, despite softening economic data, and by a continued sluggish recovery in China. As of...
Market faces up to ‘5% world’ ahead of Powell’s Jackson Hole appearance
Thursday 24 Aug 2023While a pre-earnings surge for Nvidia (NVDA:NASDAQ) shares may have helped US stocks snap their recent losing streak, there’s no doubt concerns about interest rates staying higher for longer have helped temper market sentiment. US 10-year treasury yields hit a 16-year high of 4.35% amid continuing...
Why Intel’s blocked Israeli chip deal could pose threat to technology M&A
Thursday 24 Aug 2023US technology firm Intel (INTC:NASDAQ) has pulled the plug on plans to acquire Israeli chip maker Tower Semiconductor after the deal failed to get regulatory approvals from Chinese authorities, a move that ups the ante in the technology battlefield between Washington and Beijing. China’s regulator...
Hotel groups Dalata and PPHE look to benefit from strong summer trading trends
Thursday 24 Aug 2023Ireland’s largest hotel operator Dalata Hotels ( DAL:AIM ) is due to report its results for the six months to the 30 June 2023 on 29 August and fellow hotelier PPHE Hotel Group ( PPH ) on 31 August. Dalata posted a strong second quarter update in June with like-for-like group RevPar (revenue per...