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This year’s UK IPOs reward investors despite Deliveroo and Alphawave flops
Thursday 20 May 2021Coming just six weeks after shares in food takeaway platform Deliveroo ( ROO ) dropped more than 30% on its first day as a public company, the negative reaction to chip designer Alphawave IP’s ( AWE ) market debut – down 10% in a day – has lead to wider concerns about London’s merits as a listing...
Indian Covid strain a threat to hospitality and travel sectors
Thursday 20 May 2021A big story of the first four-and-a-bit months of 2021 has been a recovery for UK assets with the domestic-facing FTSE 250 index reaching all-time highs and sterling recently hitting $1.42 against the dollar for the first time since 2018. Sentiment towards the UK has been boosted by the successful...
Is good news on the UK property surge now priced into housebuilders?
Thursday 20 May 2021The muted reaction to a positive update from housebuilder Vistry ( VTY ) on 17 May suggests the market has already priced in the current buoyant property sector conditions and may be concerned about their sustainability. In the wake of the pandemic there has been booming demand for UK houses and a...
Retail sector is red hot from strong earnings updates
Thursday 13 May 2021Shares in numerous retailers are flying high after upgrading earnings guidance or on relief they have come through the other side of the Covid crisis. Sector optimism centres on the successful vaccine rollout, easing unemployment concerns, and a strong housing market, but has the market now priced...
Why the market is fretting about inflation again
Thursday 13 May 2021Inflation fears are back to haunt the market resulting in renewed volatility in tech stocks and leading to a wider sell-off in global equities. As Shares went to press the latest US inflation numbers were set to be announced (12 May), which could dampen or exacerbate concerns over rising prices...
Two stock market entrants offering high dividend yields
Thursday 13 May 2021Among the stock market hopefuls lining up to test investors’ appetites are two companies offering high yields backed by cash generative business models. Shipping trust Taylor Maritime Investments ( TMIP ) should debut on 27 May, targeting an 7% dividend yield. The trust’s objective is to provide an...
Expect big demand for Liontrust’s debut investment trust
Thursday 13 May 2021Potentially high demand for Liontrust’s first investment trust could see it quickly trade at a premium to net asset value once it starts trading in June. Liontrust has a reputation for being one of the best asset managers in the ethical and environmental investment space. Its £1.4 billion Liontrust...
Travel stocks only suffer mild sell-off from reopening setback
Thursday 13 May 2021Shares in low-cost short-haul airlines and holiday companies fell by up to 3% on 10 May as investors reacted to the reopening of international travel from 17 May. The Government’s traffic light system didn’t include the popular holiday destinations of France, Greece and Spain under the ‘green list...
Warren Buffett dismisses push for greater ESG disclosure
Thursday 06 May 2021Berkshire Hathaway’s annual shareholder meeting on 1 May brought the two nonagenarians Warren Buffett and Charlie Munger (chairman/CEO and vice chairman respectively) back together onstage after Munger’s absence last year. They were also joined by Ajit Jain and Greg Abel who run the insurance and...
Tech stocks fight back after big earnings season
Thursday 06 May 2021Tech stocks have been catching investors’ attention again with Amazon, Apple and Facebook the latest US tech titans to report earnings that have been going through the roof. The share prices of all three have risen markedly after their latest quarterly figures to the end of March, which round out a...