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Strong Biden support brings relief for Wall Street

Thursday 05 Mar 2020

US stock markets may have avoided a major headwind as former vice president Joe Biden took the lead in the race to battle Donald Trump in November’s presidential election. Democrat-voting Americans in several states voted on ‘Super Tuesday’ for the candidate they want to take on Republican...

Sirius Minerals to leave the stock market after £405m takeover

Thursday 05 Mar 2020

Potash miner Sirius Minerals ( SXX ) will be taken over by Anglo American ( AAL ) after more than 80% of shareholders by value voted in favour of the deal. Shareholders should receive 5.5p per share in cash by early April and Sirius will delist from the stock market. The £405m takeover also...

Greggs rolls out five-year growth plan

Thursday 05 Mar 2020

In many ways 2019 was a landmark year for food-on-the-go retailer Greggs ( GRG ) . Not only did it record its highest ever level of like-for-like growth at 9.2%, it opened its 2,000th store and pre-tax profit topped £100m for the first time. Far from resting on its laurels, the firm has plans in...

Asset managers including Nick Train snap up Fevertree shares following share price slump

Thursday 05 Mar 2020

Nick Train of asset manager Lindsell Train has joined other big name investors Fundsmith and Majedie Asset Management to buy shares in Fevertree ( FEVR:AIM ) following recent share price weakness. The fund manager has taken a maiden stake in the posh tonics business for his £1.7bn Finsbury Growth...

Economic powerhouses must act fast to avoid meltdown

Thursday 05 Mar 2020

Stock markets around the world started to recover at the start of this week on expectations that the world’s central banks and governments would do whatever they could to prevent an economic meltdown. According to Bloomberg data, markets have already priced in a significant policy response from the...

Breaking up Prudential would not be straightforward

Thursday 27 Feb 2020

Global insurer Prudential ( PRU ) is in the crosshairs as activist investor Dan Loeb took a near-5% stake in the company and urged the FTSE 100 constituent to separate its US and Asian operations. Loeb runs Third Point, manager of investment trust Third Point Offshore ( TPOU ) which we recently...

The stocks sinking and soaring as global markets wobble

Thursday 27 Feb 2020

On 24 February stock markets finally seemed to hit the panic button on the coronavirus with the FTSE 100 hitting its lowest level since early December and the Dow Jones index in the US enduring its worst day in two years. WHAT TRIGGERED THE MARKET SELL-OFF? The catalyst for the big sell-off in...

What to buy and sell if inflation keeps rising

Thursday 27 Feb 2020

Economists and the Bank of England received a rude reminder last week that inflation has a nasty habit of confounding expectations. According to the Office for National Statistics, consumer prices rose at an unexpectedly high 1.8% in January, compared with just a 1.3% increase in December and...

Government review could put the brakes on rail operators’ earnings

Thursday 20 Feb 2020

In the next few weeks the Government is set to publish a review of the UK rail industry which is likely to recommend a major shake-up in the way trains are run and the way we pay for them. The Williams Review, led by former British Airways boss Keith Williams, has been a year in the making and is...

Why the markets could be too complacent about the coronavirus

Thursday 20 Feb 2020

The news from Apple that the coronavirus will hit sales of its iPhone should not have come as a surprise but has nonetheless provided a jolt to investors who had seemed quite relaxed about the outbreak. There may now be increased attention on the impact on other firms. The management teams of...

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