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Dunelm’s price looks too high given China risks

Thursday 20 Feb 2020

Shares in homewares market leader Dunelm ( DNLM ) have surged 148% higher since the start of 2019 thanks to a series of positive trading updates. Its latest half year results, published on 12 February, show the benefits of a recently-upgraded digital platform which has made it easier for customers...

Major cost-cutting fails to lift HSBC’s shares

Thursday 20 Feb 2020

Europe’s largest bank HSBC ( HSBA ) has revealed plans to slash up to 15% of its workforce over the next three years after earnings more than halved in the year to 31 December. Despite a 4% increase in revenue, net profits slid 53% to just $6bn from $12.6bn as the bank took a $7.3bn write-down on...

Infrastructure stocks diverge on HS2 hopes and energy price fears

Thursday 13 Feb 2020

There was good and bad news for infrastructure investors over the past week, depending on where in the sector they invested. On the plus side, an infrastructure boom could be about to hit the UK after the government gave the green light to build the £106bn High Speed 2 (HS2) rail project, spelling...

Micro Focus rethink could scupper takeover hopes

Thursday 13 Feb 2020

Infrastructure software company Micro Focus ( MCRO ) has abandoned plans to sell off parts of the business and return to cash to shareholders, a move that may scupper any hopes of a possible takeover of the whole business. Micro Focus has effectively been in play since its latest profit warning in...

Why the Lindsell Train funds sell-off is continuing

Thursday 13 Feb 2020

Two Lindsell Train funds were among the most sold by investors in January as the fallout from a ratings downgrade continues. Around £225m was pulled in January from LF Lindsell Train Global Equity (B3NS4D2) and LF Lindsell Train UK Equity (B18B9X7) , according to estimates by Morningstar. This...

Investigating the China supply chain risk facing UK firms

Thursday 13 Feb 2020

The number of deaths from China’s coronavirus has exceeded those from the 2003 SARS outbreak and the restrictions imposed in the country are already wreaking havoc with the domestic economy as well as the supply chains of businesses based outside China. Shares has done some digging to discover to...

China trusts under pressure from coronavirus fears

Thursday 06 Feb 2020

JPMorgan Chinese (JMC) and Fidelity China Special Situations ( FCSS ) have both suffered falling share prices. Since mid-January, the former is down 6.9% and the latter has fallen 7.7%. The market is in part pricing in the economic impact of the deadly coronavirus outbreak on the world’s second...

Sales growth challenges weigh on Diageo and Unilever shares

Thursday 06 Feb 2020

Two of the best known companies on the UK stock market, Diageo ( DGE ) and Unilever ( ULVR ) , have seen their shares marked down amid signs of slowing growth. Drinks giant Diageo’s shares have fallen 13% since September, not helped by the Johnnie Walker maker downgrading full year 2020 organic...

The key challenges facing new BP boss

Thursday 06 Feb 2020

After a near-decade-long tenure during which he won plaudits for restoring BP’s ( BP. ) fortunes, Bob Dudley has stepped down in style after the oil producer beat fourth quarter expectations and raised its dividend (4 Feb). His successor Bernard Looney, an internal appointment, arguably faces...

Surging stock prices mask concerns about a US economic slowdown

Thursday 06 Feb 2020

Despite the recent stellar share price performance of ‘new economy’ stocks such as Amazon, Apple and Tesla, and an unexpectedly strong reading for the January US manufacturing Purchasing Managers’ Index ( PMI ) data, there is mounting evidence that the underlying US economy is slowing. This...

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