magazine archive


magazine archive

News

ANGLE shares surge 58% after gaining US regulatory approval

Wednesday 01 Jun 2022

After six long years of gathering data and evidence ANGLE’s ( AGL:AIM ) liquid biopsy platform Parsortix was given regulatory approval from the US Federal Drug Administration for use in the detection of metastatic breast cancer. Although it has been a long wait for investors FDA approval is a...

Why Authentic Brands is favourite to bag Ted Baker

Wednesday 01 Jun 2022

New York-based Authentic Brands has emerged as the frontrunner to buy quirky British fashion brand Ted Baker ( TED ) and is reportedly being advised by Bank of America on a £300 million takeover deal. Sky News reports that Authentic Brands, which owns Brooks Brothers, Forever21 and Reebok, is...

A windfall tax shock puts North Sea oil firms on the spot

Wednesday 01 Jun 2022

There were two key takeaways for the energy sector from chancellor Rishi Sunak’s cost of living measures (25 May). First the windfall tax – or ‘temporary, targeted energy profits levy’ – went further than the measures proposed by Labour. Second, power generation firms are not out of the woods yet...

Supermarkets are hoping for a bumper Platinum Jubilee spending spree

Wednesday 01 Jun 2022

Supermarkets are keeping their fingers and toes firmly crossed that the weather stays nice for the Queen’s Platinum Jubilee bank holiday and customers push the boat out on barbecue food and fizz. According to analysts at Kantar, grocery sales for the 12 weeks to the middle of May were less dire...

Oh Snap! Share price plunge reflects an advertising slowdown

Thursday 26 May 2022

Shares in the owner of social media platform Snapchat – Snap (SNAP:NYSE) – slumped by over 30% after the group revealed it will miss quarterly estimates. The group blamed a macroeconomic environment that had ‘deteriorated further and faster than anticipated’. While a degree of the weakness in Snap’...

Why Deere shares fell 14% despite lifting profit guidance

Thursday 26 May 2022

Despite what looked like a decent set of quarterly figures, accompanied by a robust outlook, shares in agricultural equipment maker Deere & Co (DE:NYSE) fell sharply on the news (20 May). Several factors accounted for share price reaction, one being the febrile market environment where...

S&P 500 tips a toe into bear territory, but what should investors expect next?

Thursday 26 May 2022

Unlike in sports nobody blows a whistle when stocks move from a bull market into a bear market. But one conventional definition says it is when a market drops 20% from the previous peak. On 20 May the S&P 500 index briefly registered a 20% drop from its peak in January 2022. The technology...

A new government survey suggests hybrid working is firmly here to stay

Thursday 26 May 2022

On Monday, the ONS (Office for National Statistics) released its latest labour market survey which asked if hybrid working was still a ‘thing’ now that all Covid restrictions have been lifted. The survey confirms that hybrid working is in fact here to stay, and suggests companies and commercial...

Why US retail titans dragged down Wall Street

Thursday 26 May 2022

US retailers suffered their worst weekly performance since 1987’s Wall Street Crash after investors were rattled by the impact inflation is having on high-profile players. Major US outlets are struggling to pass soaring costs on to customers and low-income consumers are already struggling with...

Nick Train resists the temptation to change his style after weak period

Thursday 19 May 2022

Investment styles don’t work all the time and periods of underperformance should be expected. How fund managers navigate such periods can be very instructive and investors might learn a lot from their actions. Style drift is not uncommon during difficult times as managers attempt to limit the...

Pages