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Amazon drops a bombshell during bumper US earnings season

Thursday 04 Feb 2021

Online shopping giant Amazon dropped the bombshell during the peak of the US earnings season by announcing that chief executive Jeff Bezos will stand aside from the day-to-day running of the company. Andy Jassy, current boss of Amazon’s cloud computing business AWS, will become CEO later this year...

Pfizer sales boost puts vaccine economics under the spotlight

Thursday 04 Feb 2021

The price of Covid-19 vaccines have been put under the spotlight after Pfizer said it should generate around $15 billion in sales during 2021 from its Covid-19 vaccine, higher than its previous estimate. Global industry vaccine sales before the pandemic were around $33 billion. AstraZeneca ( AZN )...

Dr. Martens and Moonpig ‘pop’ on market debuts

Thursday 04 Feb 2021

Iconic footwear brand Dr. Martens ( DOCS ) and online greetings cards website Moonpig ( MOON ) both enjoyed strong debuts on the UK market. This demonstrates there is strong demand from both institutional and retail investors for initial public offerings (IPOs). Dr. Martens’ shares have risen from...

BP’s big challenge in funding its transition to renewable energy

Thursday 04 Feb 2021

Oil major BP ( BP. ) has nailed its colours to the mast: it wants to become a cleaner and greener company over time. However, the problem is that it still derives nearly all of its profit and cash flow from its oil and gas assets. The company’s latest full year results showed output at a four-year...

GameStop loses momentum but is the Reddit movement here to stay?

Thursday 04 Feb 2021

It has been a wild couple of weeks in stock market terms as a group of traders on the Reddit social media platform have wreaked havoc by targeting short sellers. At the time of writing, both Gamestop shares and the price of silver – another Reddit ‘target’ – were losing momentum. There are two main...

What you need to know about changes to Bankers and Baillie Gifford European shares

Thursday 04 Feb 2021

On the face of it, the share price of Baillie Gifford European Growth ( BGEU ) plunged a whopping 90% this week, but investors shouldn’t be alarmed as the investment trust has actually completed a 10-for-1 stock split. A stock split is where a company divides its existing stock into multiple shares...

Marston’s fights takeover interest from US private equity firm

Thursday 04 Feb 2021

Pubs group Marston’s ( MARS ) has rejected three takeover proposals from US private equity firm Platinum Equity at prices ranging between 88p and 105p per share, saying they significantly undervalue the company. Merger and acquisition activity in the pubs sector has been steadily brewing since 2019...

Terry Smith denies overexposure to highly valued tech firms

Thursday 28 Jan 2021

Fundsmith Equity (B41YBW7) manager Terry Smith has taken aim at commentators who have attributed the fund’s good performance to its heavy weighting in technology stocks which benefited from a tailwind last year. It returned 18.3% in 2020 versus 12.3% from the MSCI World Index. While Smith...

Market excitement is building over electric vehicle growth

Thursday 28 Jan 2021

UK companies are accelerating their exposure to the rapid growth of electric vehicles (EVs), which showed a big jump in 2020 global sales. More than 3.2 million plug-in hybrid and battery-powered EVs were sold last year, according to data from EVvolumes.com, the Sweden-based consultancy and market...

Rolls-Royce under pressure after new setback

Thursday 28 Jan 2021

Shares in aircraft engine maker Rolls-Royce ( RR. ) remain highly volatile with its latest trading update (26 Jan) revealing cash flow pressure as much of the aviation sector remains grounded. A delay in a recovery among its customer base in the airline industry was always a material risk even with...

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