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A string of lost cases sends Litigation Capital Management shares to five-year low
Thursday 26 Jun 2025Alternative asset manager Litigation Capital Management (LIT:AIM) , which specialises in dispute financing, has seen its shares fall 75% over the last year and recently marked a new five year low of 25.8p. The share price weakness reflects a string of announced case losses, the most recent of which...
Kier shares hit new 52-week high on strong trading
Thursday 26 Jun 2025A combination of a solid trading update and a healthy order book have helped propel Kier (KIE) shares to a new 52-week highs. On 3 June CEO Andrew Davies said the company continued to trade well an ‘in line’ with the board’s expectations and noted that as of 30 April 2025 the order book stood at...
How is Sainsbury's faring in the battle of the supermarkets?
Thursday 26 Jun 2025In Sainsbury’s (SBRY) last set of results for the 52 weeks ending 1 March, the company impressed investors with double-digit growth and an underlying operating profit topping £1 billion. The company also said it had completed a £200 million share buyback and increased its full-year dividend by 4%...
Consolidation trend continues for investment trusts
Thursday 26 Jun 2025Wide discounts to NAV (net asset value), strategic reviews and pressure from activist investors such as Saba have helped spur the record levels of takeover activity in the investment trust sector that shows no sign of letting up. Despite a noticeable narrowing of discounts in recent months, many...
Oil sees extreme volatility as Middle East tensions wax and wane
Thursday 26 Jun 2025As we write, it seems the Middle East is in de-escalation mode, a shift which has seen oil prices give back a large portion of their recent gains and investors rediscover their risk appetite. US strikes on Iranian nuclear facilities on 21 June raised the temperature before Iran came up with what...
Recruitment firm Robert Walters falls to post-pandemic low
Thursday 19 Jun 2025It has been a tough start to 2025 for investors in recruitment firms, and particular for those holding Robert Walters (RWA) , with the shares down exactly one third at the time of writing, at a 10-year low of 210p. The fact the stock is trading even lower than it did during the pandemic sell-off in...
Renold shares jump above offer price on speculation of a rival bid
Thursday 19 Jun 2025Industrial chains maker Renold (RNO:AIM) has seen its shares more than double since early March 2025 driven by private equity interest in the business. The company revealed it had received two separate unsolicited approaches on 29 May, pitched at 77p and 81p per share respectively, from MPE (...
Bellway update has helped lift the gloom towards housebuilders
Thursday 19 Jun 2025After drifting steadily lower for the last five years, it looks as though the FTSE 350 Household Goods & Housebuilders index has turned the corner this year. Admittedly, sentiment took a big hit from the MJ Gleeson (GLE) profit warning on 3 June, but it recovered a week later thanks to an...
FedEx guidance will be under scrutiny after back-to-back profit downgrades
Thursday 19 Jun 2025The world’s largest express-parcel delivery firm FedEx (FDX:NYSE) is due to report earnings for the fourth quarter and the full year to the end of May on 24 June, and there is a lot hanging not just on the results but also the outlook. Six months ago, the firm lowered its revenue growth forecast...
Crude surges from multi-year lows on Iran-Israel tensions
Thursday 19 Jun 2025Oil prices are back at levels last seen in January thanks to escalating tensions between Iran and Israel. This is an unpredictable and fast-moving situation which could have implications for the performance of the FTSE 100, inflation and much more besides. Prior to the exchange of missiles between...