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Shares in McDonald’s stall as challenges mount
Thursday 21 Jan 2021Like many established businesses, fast food giant McDonald’s is being forced to adapt rapidly to the changes wrought by a global pandemic – and its ability to do so successfully will be a key focus when it announces fourth quarter earnings on 28 January. Having enjoyed a strong recovery in the six...
Shares in cruise operators start to rise as potential early vaccine beneficiaries
Thursday 21 Jan 2021Certain travel stocks with relevance to cruises have enjoyed a new lease of life as investors bet on them being early beneficiaries of the Covid vaccine rollout. Cruises are typically popular among people in retirement and vaccines are now widely being administered to those in their 70s and 80s in...
Moonpig and Dr. Martens unveil flotation plans
Thursday 14 Jan 2021A UK stock market uptick twinned with the inking of a Brexit trade deal have coaxed boot maker Dr. Martens and online greeting card platform Moonpig to pull the trigger on Main Market IPOs. If successful, these could provide the catalyst for a flurry of further flotations in 2021. An iconic British...
Market reacts to Biden agenda and US drama
Thursday 14 Jan 2021Stock markets started the new year in spectacular fashion, spurred on by rising expectations of a global economic recovery, US stimulus and a Democratic victory in the Senate. The FTSE 100 recorded a 6% gain in the first trading week of the year, with strong gains also seen on Wall Street and...
The Hut Group owner THG continues to beat expectations
Thursday 14 Jan 2021Cosmetics and nutrition website owner THG ( THG ) is building on its strong start to life on the stock market. On 12 January the company better known as The Hut Group, unveiled the latest in a series of earnings upgrades since its September 2020 market flotation – suggesting the firm was well...
A history-making bubble in bitcoin
Thursday 14 Jan 2021Bitcoin could turn out to be the ‘mother of all bubbles’ according to Bank of America’s Michael Hartnett who has compared the price action of the cryptocurrency to former bubbles in history including the 1979-to-1981 Gold bubble which took the price up 400% in around two years. As the charts...
UK investors no longer able to buy Ryanair shares
Thursday 14 Jan 2021UK investors can no longer buy shares in budget airline Ryanair ( RYA ) as it looks to stay compliant with EU rules for airlines after Brexit. EU operating airlines require a minimum of 50% of shares to be held by EU nationals and it’s believed Ireland-headquartered Ryanair is below this threshold...
New fears for retail, leisure and oil sectors as Covid bites
Wednesday 23 Dec 2020The rally in global markets reversed on 21 December as investors started to consider the implications of a more infectious strain of coronavirus. Share price declines were most prevalent in the retail, leisure and oil sectors, which shows that the market is worried about a delay to economic...
All eyes on AstraZeneca as markets wait for vaccine approval
Wednesday 23 Dec 2020Amid news of tighter consumer and business restrictions in various parts of the world, developments in the Covid-19 vaccine space will have a major influence on global markets as they will provide the path for society to reopen. AstraZeneca’s ( AZN ) vaccine developed with the University of Oxford...
The underappreciated risks to markets in 2021
Wednesday 23 Dec 2020As we wrote in our 2021 outlook , there are plenty of reasons to be cheerful looking ahead. Several Covid vaccines are in production with a view to mass immunisation over the course of the year, allowing life to get back to normal and the global economy to repair itself, and interest rates are set...