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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...
XP Power plummets to 10-year low after two successive profit warnings
Thursday 22 Feb 2024Leading provider of critical power components to the electronics industry XP Power (XPP) has seen its shares drop 55% over the last six months to a low of 898p prompted by two profit warnings. The drop continues the fall from grace for the shares which peaked around £55 in August 2021. In a year-...
YouGov looks in great shape amid talk of move to US listing
Thursday 22 Feb 2024Data analytics and market research business YouGov (YOU:AIM) continues to impress as speculation builds over a potential move to a US listing. While the shares are still some way off reclaiming the all-time highs seen in December 2021, they are on a strong upward trajectory with confidence in the...
Uber unveils $7 billion buyback as ride hailing firm shocks investors
Thursday 22 Feb 2024Ride hailing and delivery group Uber Technologies (UBER:NYSE) ended its financial year (to 31 December) in profit for the first time ever after finally managing to make more money than it spent on its operations. This was not the only surprise in store for investors with Uber also unveiling a shock...
Shares in specialty chemical maker Victrex hit fresh multi-year lows
Thursday 15 Feb 2024High-performance polymer-maker Victrex (VCT) delivered a downbeat assessment of the outlook for the current financial year last week citing weakness in demand in several end-markets. The update caused the shares to fall almost 15% to a new multi-year low of £11.52 before clawing their way back...
Global data services specialist Experian continues to deliver positive news
Thursday 15 Feb 2024Shares in global data services specialist Experian (EXPN) are on a roll after the firm reported another strong set of results lifted by strong global demand. In November, the group reported a 5% increase in revenue on an organic basis to $3.42 billion for the six months ending 30 September 2023...