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Finsbury Growth & Income marks three years of underperformance
Thursday 25 Jan 2024Following on from our coverage of Fundsmith Equity (B41YBW7) and the fact it has lagged its benchmark for three years running, another popular fund with retail investors, the Nick Train-run Finsbury Growth & Income (FGT) , has also failed to outperform over the last three years. As the manager...
Under the radar tech star Super Micro Computer surges as earnings set to smash forecasts
Thursday 25 Jan 2024Shares in US data centre hardware outfit Super Micro Computer (SMCI:NASDAQ) have extended their remarkable gains over the last 12 months to 491% as the company flagged an exceptional second quarter performance (19 January). Revenue for the three-month period to 31 December is expected to total...
UK core dividend payments rose 5.4% to £88.5 billion last year
Thursday 25 Jan 2024While it may have been choppy seas for growth investors last year, for those with an income strategy it was plainer sailing with regular dividend payments for the FTSE All-Share excluding investment trusts growing by more than 5% to over £88 billion according to the latest Dividend Monitor report...
How Advanced Micro Devices has surfed AI wave
Thursday 25 Jan 2024It’s been easy to overlook Advanced Micro Devices (AMD:NASDAQ) as Nvidia (NVDA:NASDAQ) cornered the market for AI microchips last year. Yet analysts are increasingly seeing scope for AMD to emerge as a second AI chip champion as computer processing power demands surge. Microsoft (MSFT:NASDAQ) is...
Birkenstock under pressure after disappointing post-IPO earnings
Thursday 25 Jan 2024Birkenstock (BIRK:NYSE) tripped over itself on Wall Street last week, with the shares falling by as much as 14% at the opening bell before stabilising after the German shoemaker delivered a mixed earnings report for the fourth quarter of 2023 and a muted outlook for 2024. The stock slid as the...
After a dearth of IPOs last year, 2024 already looks more interesting
Thursday 18 Jan 2024According to London Stock Exchange data there were just 23 IPOs (initial public offerings) in total on the UK market in 2023, only slightly more than half the number the preceding year and the lowest since the exchange started publishing records in 1995. For the first time since the financial...
Warpaint shares continue to soar after strong trading update
Thursday 18 Jan 2024Value-focused cosmetics company Warpaint (W7L:AIM) can do no wrong in investors’ eyes, it seems. The shares hit a new-all time high on 12 January after the colour cosmetics supplier upgraded its full-year 2023 revenue guidance for the fourth time. Warpaint is now forecasting full-year 2023 revenue...
Burberry shares hit a new low after second profit warning
Thursday 18 Jan 2024Burberry (BRBY) has had a terrible start to 2024, although 2023 was hardly a vintage year for the British fashion house either. The company slashed its profit guidance due to a slowdown in demand for luxury purchases – its second profit warning in three months. Burberry now expects adjusted...
FCA to investigate commission deals in the UK motor finance market
Thursday 18 Jan 2024Having hammered the insurance industry for its practice of “walking up” renewal prices for existing car and home policyholders, the FCA (Financial Conduct Authority) has a new target in its sights – the motor finance market. Firms which generate revenue from providing motor finance include Close...
Why the outcome of a pre-trial hearing could prove good news for GSK
Thursday 18 Jan 2024Shares in global bio-pharmaceutical firm GSK (GSK) have performed poorly in recent times, relatively speaking, lagging the FTSE 100 index by 4% and peer AstraZeneca (AZN) by a whopping 87% over the last five years. Operationally there have been clear signs of improvement, with the company...