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Airline revenue and profit at risk if Covid sickness disruption drags on

Thursday 07 Apr 2022

The UK’s airline industry is facing another slap in the face with hundreds of flights cancelled because of widespread Covid staff sickness, hiking the risk that prolonged disruption could impact revenue and profit. Budget flyer EasyJet ( EZJ ) axed 222 flights during the weekend of 2 and 3 April...

Investors to focus on the outlook as Tesco reveals earnings next week

Thursday 07 Apr 2022

On 13 April Tesco ( TSCO ) , the UK’s largest supermarket chain by market share, is set to release its results for the year to the end of February 2022. There is likely to be more attention on the outlook for the current year rather than on what happened last year. Consensus forecasts compiled by...

Why Starbucks boss Howard Schultz has suspended buybacks

Thursday 07 Apr 2022

The founder of Starbucks (SBUX:NASDAQ) , Howard Schultz has returned as CEO, with the coffeehouse colossus seeking a permanent replacement for departing chief Kevin Johnson. And in a move that surprised Wall Street, he has immediately suspended billions of dollars in share buybacks to free up cash...

What a harsh EU clampdown means for Apple, Google and other big tech firms

Thursday 31 Mar 2022

The key questions facing investors as the EU looks to get tough with big tech on anti-competitive practices are two-fold: will the changes make any difference, and will the economic bloc’s more aggressive approach be repeated elsewhere? The landmark Digital Markets Act, announced by the EU in...

Why Pendragon might be the next auto retail takeover target

Thursday 31 Mar 2022

Could Pendragon ( PDG ) be the next quoted car retailer to be taken over, following on from Marshall Motor ( MMH:AIM ) and Cambria Automobiles? Shares in the firm behind the CarStore, Evans Halshaw and Stratstone brands have revved up from 19.65p to 28p since 8 March, more than 40%, on rumours it...

US Treasury yields surge as Fed toughens stance on mounting inflation

Thursday 31 Mar 2022

As we write March is shaping up to be the worst month for US government debt (Treasuries) since 2016. Downward pressure on prices recently pushed the 10-year Treasury yield as high as 2.5%. This marks not far off a full percentage point increase since the beginning of 2022. Bond prices and yields...

Mark Barnett makes a comeback with new Tellworth equity income fund

Thursday 31 Mar 2022

Former Neil Woodford protégé Mark Barnett has made a funds industry comeback with the launch of the TM Tellworth UK Income and Growth fund. The new vehicle provides Barnett with the chance to rebuild a reputation tarred by a period of underperformance that resulted in his inglorious departure from...

Terry Smith uses Fundsmith investor meeting to criticise Unilever top brass

Thursday 31 Mar 2022

This year’s Fundsmith Equity Fund (B41YBW7) annual shareholder meeting had to convene over the internet, after group co-founder and chief investment officer Terry Smith contracted Covid. However, it was well up to the usual standard with no shortage of blunt observations about markets and one or...

Hospitality enjoys good times despite spending pressures

Thursday 24 Mar 2022

Leisure and hospitality shares are trading below pre-pandemic levels but arguably the underlying fundamentals have improved. Financially strong operators have taken advantage of favourable market conditions to accelerate their expansion plans. These include Wagamama owner Resturant Group ( RTN ) ,...

Value and inflation protection leave FTSE 100 well placed

Thursday 24 Mar 2022

As the first quarter draws to a close most investors will be hoping for less turmoil for the remainder of 2022, with major markets sitting well below where they started the year. For example, the S&P 500 is down around 7% while the technology driven Nasdaq 100 is off 12%, as higher interest...

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