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Could rising oil prices derail interest rate cuts?
Thursday 11 Apr 2024With geopolitical tensions rising, the price of Brent Crude could top $100 a barrel for the first time since Russia’s invasion of Ukraine in 2022 suggests former White House advisor Bob McNally in an interview with Bloomberg. Brent Crude has rallied more than a quarter since December 2023 and...
Krispy Kreme shares spike as McDonald’s deal sweetens growth prospects
Thursday 04 Apr 2024Though its shares have drifted 20% lower over the past five years, Krispy Kreme (DNUT:NASDAQ) spiked on news (26 March) the sweet treat brand is expanding its partnership with burger chain behemoth McDonald’s (MCD:NYSE) . This follows a successful test at 160 McDonald’s restaurants in Kentucky...
Markets put in best first-quarter performance for five years
Thursday 04 Apr 2024After posting an impressive 24.4% US dollar return last year, its fourth annual gain of more than 20% since 2017, the MSCI World Index has climbed another 7.7% in the first three months of 2024 to register its best first-quarter return since 2019. Investors would be forgiven for thinking the best...
Good Energy shares fall over 20% after results ‘misinterpretation’
Thursday 04 Apr 2024Shares in Good Energy (GOOD:AIM) fell more than 20% despite reporting an ostensibly positive set of full year results on 26 March. Revenue for the renewable electricity and energy services provider increased by 2.4% to £254.7 million for the year ending 31 December 2023 ‘driven by the high...
The companies that could have made you a tax-free millionaire
Thursday 04 Apr 2024The ISA turns 25 on 6 April 2024 and few would argue that the tax-efficient savings wrapper has been anything other than a raging success story. Something like 22 million Brits have one, attracting somewhere over £700 billion of cash and stock market investments since 1999. In the coming 12-months...
Next shares reach new all-time high as earnings top estimates
Thursday 28 Mar 2024Shareholders in retail bellwether Next (NXT) were breaking out the champagne after the stock price hit a new lifetime high on the release of forecast-beating results for the year to January (21 March). Full-price sales rose a better-than-expected 4%, with growth driven by strong online trading,...
Dowlais shares skid to record low on bumper provision
Thursday 28 Mar 2024Investors in automotive products maker Dowlais (DWL) were drowning their sorrows as the shares hit their lowest level since the firm spun out of conglomerate Melrose Industries (MRO) last year and listed as a stand-alone entity. The group’s underlying performance for 2023 was steady if not...
Markets move higher on more ‘dovish’ central bank comments
Thursday 28 Mar 2024As expected, there was no change in benchmark interest rates either in the UK or the US last week but markets found plenty to like in the commentaries from both central banks. Bank of England governor Andrew Bailey sounded more optimistic on rate cuts than many had predicted given inflation is...
Why Apple US antitrust probe has spooked investors
Thursday 28 Mar 2024Technology giant Apple (AAPL:NASDAQ) is facing an epic fight with regulators after the US Department of Justice launched a lawsuit accusing the iPhone maker of violating antitrust laws and suppressing competition by blocking rivals from accessing hardware and software features on its devices. The...
Gold and stocks scale new heights after dovish Fed meeting
Thursday 28 Mar 2024For investors, what Federal Reserve chair Jay Powell says during press conferences following interest rate decisions is more important than the official statement accompanying each rate decision. In other words, monetary policy is set by the communication of rate decisions rather than the decisions...