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Currys shares climb to three-year high on resumption of dividends
Thursday 10 Jul 2025Washing machine, air fryer and laptop seller Currys (CURY) reported a solid set of results for the year to 3 May, sending its shares up as much as 12p or 10% to a three-year high of 130p last week (3 July). Group sales were up 2% on a like-for-like basis to £8.7 billion, driven by 4% like-for-like...
Scorching weather takes its toll on Hollywood Bowl
Thursday 10 Jul 2025When tenpin bowling operator Hollywood Bowl (BOWL) reported record trading in the first half (29 May) to the end of March, the shares fell by around a tenth reflecting a prolonged period of unprecedented dry and warm weather from March to May. The scorching temperatures in June appear to have added...
Frasers Group targets Hugo Boss dividend policy and treasury shares
Thursday 10 Jul 2025Having finally decided last month not to make an offer for Revolution Beauty (REVB:AIM) – in which it owns a minority stake via its 29% holding in online fashion firm Boohoo – retail brand owner Frasers (FRAS) has turned its attention to German luxury brand Hugo Boss (BOSS:ETR) . According to the...
Stock markets react with relief as tariff deadlines extended
Thursday 10 Jul 2025An extension to the 9 July deadline for a previous pause on ‘Liberation Day’ tariffs, now shifted until the beginning of August, is overshadowing the threat of new levies on US trading partners. Investors seem to be back on the TACO (Trump Always Chickens Out) train for now. One driver of the...
Musk risks alienating supporters with new political intervention
Thursday 10 Jul 2025Elon Musk could face boardroom revolt if the Tesla (TSLA:NASDAQ) chief executive presses ahead with plans to launch a new political party, and analysts are worried. Shares in the embattled electric vehicle maker fell sharply as investors fear that the move will likely further divert his attention...
Wizz Air shares hit year-low as headwinds continue to grow
Thursday 03 Jul 2025Shares in European budget carrier Wizz Air (WIZZ) recently hit a 52-week low of £10.36 (26 June) as the airline struggles to get a handle on its GTF (geared turbofan) woes and ongoing conflicts in Israel and Ukraine, two of its key markets, disrupt the travel industry. In 2023, Wizz grounded 13...
London’s most senior index, the FT30, turns 90 this week
Thursday 03 Jul 2025Following on the heels of AIM’s 30th anniversary last month, this week marks the 90th anniversary of the FT30 index (on 1 July, to be precise). Never heard of it, you say? Founded in 1935 by the Financial News, it was originally called the Financial News 30-Share Index before changing its name to...
Mystery ‘whale’ seeds JPMorgan’s first actively managed high yield bond ETF
Thursday 03 Jul 2025At a time when credit spreads are historically tight across the spectrum of duration and quality, it is noteworthy that JPMorgan Asset Management announced the launch of its first actively-managed high-yield bond ETF (exchange traded fund). High-yield bonds, sometimes referred to as ‘junk bonds’,...
Nvidia stock strikes new all-time high
Thursday 03 Jul 2025On the last day of June, AI (artificial intelligence) chip design champion Nvidia (NVDA:NASDAQ) set a new all-time share price high closing at $157.99. The new record values the company at $3.85 trillion, making it once again the world’s most valuable company, ahead of both Microsoft (MSFT:NASDAQ)...
Rank hits the jackpot after government relaxes gaming rules
Thursday 03 Jul 2025Shares in Grosvenor casino and Mecca Bingo operator Rank Group (RNK) are up 60% year to date compared with a 5% advance in the FTSE 250 index. The stock has been buoyed by strong trading through the first nine months of the firm’s financial year to the end of June, and the highly-anticipated land-...