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Strong domestic economy and improving balance sheet see Bank of Georgia shares surge
Thursday 24 Aug 2023Shares in Bank of Georgia ( BGEO ) are 171% higher than they were three years ago and up more than 20% in just the last six months to all-time highs of nearly £36. More good news if you are a shareholder is that the European lender has raised its interim dividend by 65% to 3.06 lari (0.92 pence)...
VinFast zooms on to US market as investors pick holes in Tesla’s China strategy
Thursday 24 Aug 2023Shares in EV (electric vehicle) maker Tesla (TSLA:NASDAQ) slumped last week on the announcement the company would cut prices again in China, the number one market for its products. Just last month, the US firm and 15 of its Chinese rivals signed an agreement promising to compete ‘fairly’ with each...
Barbenheimer can’t even save Everyman Media with the shares down 30% so far in 2023
Thursday 24 Aug 2023Box office record smashers Barbie and Oppenheimer helped lift admissions for Everyman Media ( EMAN:AIM ) in the final week of July and this is set to continue in August. But that’s where the good news stops, there is no hiding the fact that Everyman is struggling to get known amongst consumers, its...
Analysts cautious after a 50% AI-driven rally in Salesforce shares
Thursday 24 Aug 2023Riding the wave of frenzied interest in artificial intelligence and its potential to provide the next catalyst for growth, Salesforce (CRM:NYSE) stock has been hot this year, up more than 50% to date. But maybe Wall Street is getting a little too upbeat, at least in the short-term, with some...
Pod Point powers down but hopes change at the top can recharge the shares
Thursday 17 Aug 2023There was some excitement when EV (electric vehicle) charging play Pod Point ( PODP ) joined the stock market in 2021. At the time Shares expressed concerns about a lofty valuation, limited visibility on its road to profit and a competitive marketplace. These reservations have proved to be...
Top fund managers continue to back the UK consumer amid record wage growth
Thursday 17 Aug 2023Recent weeks have seen a couple of encouraging economic data points for investors betting on the resilience of the UK consumer. Second-quarter GDP (gross domestic product) grew at a faster rate than expected, even as interest rates have risen, pushing up mortgage costs on top of rising food and...
Two potential UK winners from the Tapestry-Capri luxury mega-merger
Thursday 17 Aug 2023Coach, Kate Spade and Stuart Weitzman brands owner Tapestry (TPR:NYSE) has agreed to buy Versace, Michael Kors and Jimmy Choo parent Capri (CPRI:NYSE) in an $8.5 billion (£6.7 billion) tie-up between the two American fashion houses. Slated to close by the end of 2024, the mega-merger should create...
Big breakthroughs on obesity and Alzheimer's make Eli Lilly world’s largest pharma firm
Thursday 17 Aug 2023Shares in pharmaceutical giant Eli Lilly (LLY:NYSE) have put in an outstanding performance over the last 12 months rising 71.4% to the $539 mark to become the world’s largest drugmaker by market value. Much of the excitement around the stock has been driven by new treatments for two of the globe’s...
Fresh ‘Spot The Dog’ research reveals big increase in funds failing to deliver for investors
Thursday 17 Aug 2023Newly published research names and shames the funds which have failed to deliver for investors over three consecutive 12-month periods. The latest ‘Spot The Dog’ report has identified 56 equity funds as serious and persistent underperformers – a 27% increase on 44 dog funds exposed in the last...
Marks & Spencer share price at highest level since January 2022
Thursday 10 Aug 2023Investors are finally buying into the story that Marks & Spencer ( MKS ) is fit for the modern world. Its shares have more than doubled in price since last October and now trade at their highest level since January 2022. Chairman Archie Norman wrote in this year’s annual report: ‘Of all the...