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Britvic shareholders left feeling flat as stock price decline continues
Thursday 11 Apr 2024After a strong post-lockdown rebound, soft drink and mixer maker Britvic (BVIC) seems to have well and truly lost its fizz over the last year with the shares slumping to 12-month lows last week. Quite why the market has soured on the £2 billion market-cap firm isn’t obvious, given it has an...
Shareholders in Pinewood Technologies set for bumper special payout
Thursday 11 Apr 2024Although Pinewood Technologies (PINE) , the SAAS (software-as-a-service) provider to motor dealers, may not seem familiar to UK investors at first glance, it is simply the rump of the old Pendragon business following the sale of the UK motor and leasing division to North American dealership group...
Can Dunelm demonstrate there’s no place like home?
Thursday 11 Apr 2024Investors will be hoping for news of a strong start from new spring lines, continued market share gains and growth in active customers when Dunelm (DNLM) delivers its third quarter update on 18 April. The leader in a fragmented UK homewares market, Dunelm will provide a read on the health of the UK...
Can Johnson & Johnson beat first quarter expectations again?
Thursday 11 Apr 2024Healthcare giant Johnson & Johnson (JNJ:NYSE) is expected to report first-quarter earnings on 16 April before the market open. Consensus forecasts call for EPS (earnings per share) of $2.63, a slight fall of 2% compared with the same period in 2023. Over the prior four quarters the company has...
Strong labour market continues to undermine case for Fed rate cuts
Thursday 11 Apr 2024To paraphrase pop singer Britney Spears, ‘oops, it’s done it again’ would probably be a fair response to last week’s US non-farm payrolls which once again blew past expectations and dashed any lingering hopes of an early cut in interest rates. Rather than 214,000 news jobs being added last month...
UK finance officers are bullish which is good news for the economy
Thursday 11 Apr 2024In its latest quarterly survey of UK CFOs (chief financial officers), entitled ‘Turning The Corner’, business advisory group Deloitte paints a picture of the UK corporate scene which will be music to investors’ ears. Optimism among the UK’s largest businesses is running at well above average levels...
Could rising oil prices derail interest rate cuts?
Thursday 11 Apr 2024With geopolitical tensions rising, the price of Brent Crude could top $100 a barrel for the first time since Russia’s invasion of Ukraine in 2022 suggests former White House advisor Bob McNally in an interview with Bloomberg. Brent Crude has rallied more than a quarter since December 2023 and...
Krispy Kreme shares spike as McDonald’s deal sweetens growth prospects
Thursday 04 Apr 2024Though its shares have drifted 20% lower over the past five years, Krispy Kreme (DNUT:NASDAQ) spiked on news (26 March) the sweet treat brand is expanding its partnership with burger chain behemoth McDonald’s (MCD:NYSE) . This follows a successful test at 160 McDonald’s restaurants in Kentucky...
Markets put in best first-quarter performance for five years
Thursday 04 Apr 2024After posting an impressive 24.4% US dollar return last year, its fourth annual gain of more than 20% since 2017, the MSCI World Index has climbed another 7.7% in the first three months of 2024 to register its best first-quarter return since 2019. Investors would be forgiven for thinking the best...
Good Energy shares fall over 20% after results ‘misinterpretation’
Thursday 04 Apr 2024Shares in Good Energy (GOOD:AIM) fell more than 20% despite reporting an ostensibly positive set of full year results on 26 March. Revenue for the renewable electricity and energy services provider increased by 2.4% to £254.7 million for the year ending 31 December 2023 ‘driven by the high...