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The companies that could have made you a tax-free millionaire
Thursday 04 Apr 2024The ISA turns 25 on 6 April 2024 and few would argue that the tax-efficient savings wrapper has been anything other than a raging success story. Something like 22 million Brits have one, attracting somewhere over £700 billion of cash and stock market investments since 1999. In the coming 12-months...
Next shares reach new all-time high as earnings top estimates
Thursday 28 Mar 2024Shareholders in retail bellwether Next (NXT) were breaking out the champagne after the stock price hit a new lifetime high on the release of forecast-beating results for the year to January (21 March). Full-price sales rose a better-than-expected 4%, with growth driven by strong online trading,...
Dowlais shares skid to record low on bumper provision
Thursday 28 Mar 2024Investors in automotive products maker Dowlais (DWL) were drowning their sorrows as the shares hit their lowest level since the firm spun out of conglomerate Melrose Industries (MRO) last year and listed as a stand-alone entity. The group’s underlying performance for 2023 was steady if not...
Markets move higher on more ‘dovish’ central bank comments
Thursday 28 Mar 2024As expected, there was no change in benchmark interest rates either in the UK or the US last week but markets found plenty to like in the commentaries from both central banks. Bank of England governor Andrew Bailey sounded more optimistic on rate cuts than many had predicted given inflation is...
Why Apple US antitrust probe has spooked investors
Thursday 28 Mar 2024Technology giant Apple (AAPL:NASDAQ) is facing an epic fight with regulators after the US Department of Justice launched a lawsuit accusing the iPhone maker of violating antitrust laws and suppressing competition by blocking rivals from accessing hardware and software features on its devices. The...
Gold and stocks scale new heights after dovish Fed meeting
Thursday 28 Mar 2024For investors, what Federal Reserve chair Jay Powell says during press conferences following interest rate decisions is more important than the official statement accompanying each rate decision. In other words, monetary policy is set by the communication of rate decisions rather than the decisions...
Activist investor buys into Scottish Mortgage as buyback is announced
Thursday 28 Mar 2024It has been a busy time for shareholders in Scottish Mortgage Investment Trust (SMT) , but it has been a fruitful time too with the shares hitting new 12-month highs in March. First, the board announced it would buy back at least £1 billion worth of shares in order to help narrow the discount to...
Springfield Properties hits new highs as confidence recovers
Thursday 21 Mar 2024It’s something of a rarity to find a housebuilding company whose shares are hitting new 12-month highs but regional developer Springfield Properties (SPR:AIM) is flying high after its first-half trading update. The firm, which builds new homes in evocative locations such as Elgin and Inverness...
Focusrite shares nosedive after company warns on sales and earnings
Thursday 21 Mar 2024Shares in Focusrite (TUNE:AIM) took a turn for the worse this week, at one point falling 32% intraday as the professional music and audio products group downgraded 2024 full year sales and profit expectations. The group said ‘challenging’ market conditions first highlighted at its AGM (annual...
Scottish Mortgage tackles NAV discount with £1 billion buyback while Witan invites new managers
Thursday 21 Mar 2024Unlike investment funds, trusts can trade at a discount or premium to the underlying assets which can be to the advantage of potential buyers but a thorn in the side for existing shareholders and trust boards alike. Poor performance is often a key factor driving the share price below NAV (net asset...