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B&M continues to slump despite return to like-for-like growth
Thursday 24 Jul 2025Warmer weather and soft comparatives helped embattled shopkeeper B&M (BME) return to like-for-like growth in its core UK business in the first quarter to 28 June 2025. However, this growth came in at the lower end of market expectations and the variety goods discounter warned of lower margins...
Nvidia poised to resume H20 sales to China with Washington’s blessing
Thursday 24 Jul 2025Artificial intelligence chip designer Nvidia (NVDA:NASDAQ) hopes to resume sales of its H20 processing chips to China with Washington’s blessing in what would be a major boon for a company that has suffered from US export curbs. The H20 is a less-advanced semiconductor designed for AI workloads...
Supermarket sales show households continuing to tighten spending
Thursday 24 Jul 2025The uptick in UK CPI (consumer price index) to 3.6% in June from 3.4% in May – and just 2.5% in December – was largely attributed to a sharp increase in housing and energy costs, which are growing at an annual rate of 7.5% according to the ONS (Office for National Statistics). However, food price...
Can Next deliver yet another upgrade?
Thursday 24 Jul 2025Best-in-class retailer Next (NXT) has delivered 11 upgrades to earnings forecasts in the last three years, the latest (8 May) driven by warm spring weather in the first quarter to 26 April. Consequently, there is pressure on the fashion-to-homewares seller to raise guidance for a 12th time with its...
Diploma shares make new all-time high on stronger sales outlook
Thursday 24 Jul 2025We have said it before, but there’s nothing better than a ‘boring’ company which quietly goes about its business and compounds earnings at a higher rate than the market, and once again specialist distributor Diploma (DPLM) has proved our point. The group, which makes and distributes seals, controls...
Infrastructure group Galliford Try hits five-year high on raised guidance
Thursday 17 Jul 2025In case investors were in any doubt as to which part of the UK construction market looks most attractive, infrastructure and civil engineering firm Galliford Try (GFRD) laid that to rest this morning with another increase to full-year revenue, margin and earnings guidance. Ahead of the release of...
‘Ugly’ update sends former ad giant WPP’s stock to 15-year low
Thursday 17 Jul 2025In a disappointing six-month trading update (9 July), global media group WPP (WPP) said it had seen a deterioration in performance as the second quarter had progressed. As a results, it lowered its first-half like-for-like revenue guidance to a drop of 4.2% to 4.5%, with a second-quarter decline in...
New tariffs threaten European, Canadian and Mexican trade with the US
Thursday 17 Jul 2025Another week and another round of US tariffs on imports, with the White House threatening a 35% levy on Canada and 30% on goods from the EU (European Union) and Mexico. The three regions are major trading partners with the US, so if the tariffs are implemented as planned on 1 August it would mean a...
Lockheed Martin’s Q2 clues to US defence spending regime
Thursday 17 Jul 2025If the global defence sector is undergoing a paradigm shift driven by geopolitical tensions and technological innovation, Wall Street-listed Lockheed Martin (LMT:NYSE) is a critical player, not that you would have guessed so by recent share price performance. While European defence firms like...
Bitcoin prices set record as investor bet big on ‘crypto week’
Thursday 17 Jul 2025Bitcoin vaulted past $120,000 for the first time on 14 July, the latest milestone for the world’s largest cryptocurrency as investors bet on industry policy wins in what been dubbed ‘crypto week’. This is a banner being used to describe a series of debates by US lawmakers that could lay the...