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Budget 2024: British ISA launched, booze duty freeze lifts pub stocks
Thursday 07 Mar 2024The unveiling of a new British ISA helped give domestic stocks a modest lift after its announcement in the Budget. The £5,000 limit on the new tax wrapper, which can only be invested in UK assets, will be in addition to the existing £20,000 ISA allowance. The key test will be whether this provides...
Indivior enjoys a strong recovery as it targets primary US listing
Thursday 07 Mar 2024Shares in Indivior (INDV) are up 36% year-to-date. The latest catalyst for the opioid-use disorder treatment specialist came in the form of 2023 sales and profit towards the top end of expectations and guidance for stronger than forecast profit growth in 2024 (22 February). Also giving the shares a...
Halfords skids lower on weak demand and wet weather woe
Thursday 07 Mar 2024Car parts, bikes and tyres seller Halfords (HFD) has let investors down again. The retailer’s latest profit warning (28 February) pinned on weakening demand for bicycles as well as wet weather, which has deterred customers from visiting its stores and purchasing winter and car cleaning products in...
Seraphim reaches for the stars with 31% year-to-date gains
Thursday 29 Feb 2024Shares in Seraphim Space Investment Trust (SSIT) have nearly doubled from a low of 29p last November but are still a long way off their initial public offering (IPO) price of 100p. The trust’s share price has been volatile post-pandemic as investors ‘fell out of love’ with blue-sky stocks like...
Brakes slammed on Mobico recovery as results delay frustrates investors
Thursday 29 Feb 2024Shares in bus and rail business Mobico (MCG) have fallen 37% over one year and more than 80% over five years as the slow post-pandemic margin recovery at the renamed National Express continues to frustrate long-suffering investors. Having spooked the market less than six months ago by cutting...
Competition authority finds ‘fundamental concerns’ in the UK housebuilding market
Thursday 29 Feb 2024No-one could accuse the CMA (Competition and Markets Authority) of sitting on its hands, least of all this year. As well as investigating several high-profile mergers – including this month alone Aviva (AV.) /AIG Life, SpreadEx/Sporting Image, RedBird IMI/Telegraph Media Group, Pharmacy2U/Lloyds...
Berkshire cash hits record $168 billion as deals dry up
Thursday 29 Feb 2024The annual Berkshire Hathaway (BRK-B:NYSE) shareholder letter is eagerly awaited by investors looking for insights and clues into Warren Buffett’s next big move. This year’s missive throws a bucket of cold water on the idea of finding businesses to buy which might be ‘transformational’ for...
Japan’s Nikkei 225 hits all-time high, but what is the next move for investors?
Thursday 29 Feb 2024The Japanese benchmark index breached its 1989 all-time high of 38,915.87 on 22 February 2024. So, what is fueling Japan’s Nikkei 225 which rallied 28% last year and is this rally a sign for investors to ‘pile in’ or maintain a ‘safe distance’? A combination of factors has driven the surge in...
Why interest in Currys could spark further mergers and acquisitions in the sector
Thursday 22 Feb 2024UK mid caps are seemingly under siege with a noticeable increase in takeover approaches from overseas suitors in recent months. The latest target is leading UK TV and laptop-to-washing-machine retailer Currys (CURY) , providing further evidence that valuations are attractive across the sector argue...
What have the top US fund managers been doing recently?
Thursday 22 Feb 2024Each quarter the analyst community eagerly awaits the publication of the 13F forms by the leading US investment managers. The releases, which have to be published within 45 days of the end of the quarter, are parsed for clues into what these ‘star’ managers are thinking about the world and about...