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BP’s best underlying profit in a decade will only add to windfall tax calls

Thursday 05 May 2022

Even $20.4 billion worth of write-offs linked to BP’s (BP) exit from Russia couldn’t obscure the strong first quarter enjoyed by the company. The non-cash impairments principally linked to BP’s investment in Russian oil producer Rosneft may have been hefty but the UK oil company’s underlying net...

Novacyt faces £134.6 million NHS legal claim

Thursday 28 Apr 2022

Shares in international specialist diagnostics company Novacyt ( NCYT:AIM ) came under further pressure (26 Apr) after it received a claim of £134.6 million from the DHSC (Department of Health and Social Care). The shares dropped 12% to 167p on the news and languish around 85% below the highs...

Can consumer-facing firms beat the big squeeze?

Thursday 28 Apr 2022

Soft drinks giant Coca-Cola’s (KO:NYSE) first quarter results (25 Apr) topped Wall Street expectations as consumers gulped down more of its namesake brand as well as Powerade and Costa Coffee as the world continued to reopen. But the beat was also driven by higher prices, with Coca-Cola’s sales...

Growth stocks continue to struggle as we reveal stocks at 52-week highs and lows

Thursday 28 Apr 2022

It is one thing for analysts to forecast which stocks and sectors will do well in a rising-rate or inflationary environment, but when it actually comes to pass it’s always fascinating to see what works in practice. Judging by the list of stocks making 12-month highs over the past week, those who...

Shares in mining companies hurt by Chinese lockdowns and operational issues

Thursday 28 Apr 2022

The strong run enjoyed by mining stocks has come to a juddering halt after Chinese lockdowns raised the prospect of reduced demand and some of the sector’s largest players revealed operational issues and downbeat outlooks. China is the world’s leading consumer of many commodities and the country’s...

Why language services group RWS could be the latest private equity victim

Thursday 28 Apr 2022

Language services and technology company RWS ( RWS:AIM ) has attracted private equity interest following the announcement (21 Apr) Baring Private Equity Asia fund was considering making an offer for the company. Under stock exchange rules the private equity fund has until the close of play on 19...

Central banks impotent in the face of inflation fuelled by supply issues

Thursday 21 Apr 2022

Inflationary pressures continue to build on both sides of the Atlantic. In the US the annual rate of inflation jumped again in March to 8.5% from 7.9% in February. In the UK inflation hit 7%, up from 6.2% in February. This has placed mounting pressure on central banks that have been tasked with...

How inflation is hurting companies on the UK stock market

Thursday 21 Apr 2022

UK inflation is officially running at 7%, but unfortunately it is likely to go higher once the impact of the Ukraine conflict and the removal of the energy price cap take effect. A year ago, consumer prices weren’t even a concern, now they are front and centre with Google Trends showing internet...

Why Volkswagen’s potential shift to higher profit models matters to investors

Thursday 14 Apr 2022

German car giant Volkswagen (VOW3:ETR) plans to axe up to 60% of its combustion-powered models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, according to reports. ‘The key target is not growth,’ finance chief Arno Antlitz told the...

Supermarkets face twin challenges of rising competition and new legislation

Thursday 14 Apr 2022

The latest grocery market share data from research firm Kantar makes chilling reading for the big four supermarket groups. First, the 12-week ‘till roll’ data shows the market has been contracting in value terms for an unprecedented 10 months as shoppers make fewer shopping trips. More worrying for...

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