magazine archive
magazine archive
News
Energy storage companies power up for UK stock listings
Thursday 25 Nov 2021COP26 reinforced the move away from gas, coal and oil, while the energy crisis this year has partly been caused by the unpredictability of renewables – with less windy weather leading to a lower contribution from wind power. The solution to the intermittent nature of renewable energy supply is...
Could lockdown winners soon get a second wind?
Thursday 25 Nov 2021Just as the US Treasury bond is a key driver of global risk appetite, watching trends in US equities is always a useful guide to what changes we might expect to see in the UK and Europe at some stage. In recent trading sessions, US investors have begun rotating out of their holdings in...
Investors celebrate Diageo’s ambitious growth targets
Thursday 18 Nov 2021Shares in drinks-maker Diageo ( DGE ) hit a new all-time high of £39.48 this week after the firm released an ambitious set of sales targets reaching from the current financial year out to 2030. Chief executive Ivan Menezes said: ‘We believe our sales growth trajectory has accelerated, underpinned...
UK to see 24 stocks added to important global market index
Thursday 18 Nov 2021A wide range of UK stocks are set to benefit from inclusion in the MSCI Global Small Cap index when it rebalances at the end of the month. Tracker funds that follow the index will be forced to buy the newly qualified stocks. The MSCI Global Small Cap index captures small cap representation across...
Johnson & Johnson rips off Band-Aid in consumer healthcare battle
Thursday 18 Nov 2021Johnson & Johnson plans to spin off its consumer products unit which comprise some of the world’s most iconic brands such as Neutrogena, Tylenol and Band-Aid. The division is expected to generate around $15 billion of revenues in 2021 which represent around 16% of the company’s overall revenues...
What Shell’s corporate restructure means for UK shareholders
Thursday 18 Nov 2021The decision by Royal Dutch Shell ( RDSB ) to tidy up its corporate structure has gone down well with the stock market. It means that Shell will no longer have two classes of shares, currently A and B, and it will have a more streamlined corporate name. Formed as a combination between Netherlands...
Walt Disney’s slowing subscriber growth hobbles its shares
Thursday 18 Nov 2021Shares in entertainment company Walt Disney plunged 9%, extending their losses in a difficult year for the company, as fourth quarter results (10 Nov) disappointed investors and fell short of analysts’ expectations. The company has been tripped up by a combination of weaker than expected subscriber...
China’s Singles’ Day shopping event could disappoint
Thursday 11 Nov 2021Inspired by the annual Black Friday sales event in the US, Singles’ Day began as a way for people in China to celebrate being single by treating themselves to gifts, but is now popular with consumers across the board. Moreover, it no longer just takes place on 11 November but begins weeks before as...
Market fails to reward consensus-beating third quarter results
Thursday 11 Nov 2021Research by the Morgan Stanley strategy team reveals that European third quarter earnings are on target to exceed consensus analyst forecasts. This should trigger a series of earnings upgrades which in theory provides support to equity markets. However, the response from the market to third...
UK stock winners from the $1 trillion US infrastructure plan
Thursday 11 Nov 2021The belated approval of US president Joe Biden’s $1 trillion infrastructure plan is a positive development for several UK-listed businesses. However, this is not ‘new’ news to the market as the spending package had been in the post for months, held up by brinksmanship and haggling. The spending...