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Nvidia unveils new ‘superchip’ at its first conference for four years
Thursday 21 Mar 2024At a huge indoor concert venue in Silicon Valley on 18 March Nvidia (NVDA:NASDAQ) founder and chief executive Jensen Huang took the stage to a score composed entirely by AI (artificial intelligence) to introduce his company’s latest creation. Assembled at the developer conference were researchers...
Could litigation headaches lead to a breakup of Reckitt Benckiser?
Thursday 21 Mar 2024It has been a rough few years for shareholders in hygiene, health and nutrition products powerhouse Reckitt Benckiser (RKT) with the stock down 30% on a five-year view. The FTSE 100 company flourished during the pandemic, which heightened hygiene awareness and boosted sales of its Dettol and Lysol...
Easyjet flies high with promotion to the FTSE 100 as miners and energy slip
Thursday 14 Mar 2024For anyone who owns a FTSE 100, FTSE 250 or FTSE All-Share tracker fund or ETF, there are one or two changes next week as a result of the latest quarterly index review. Investors in these securities don’t need to do anything themselves as the underlying indices – compiled by FTSE Russell, part of...
Why convenience food giant Greencore has gained 12.3% year-to-date
Thursday 14 Mar 2024Investors have regained an appetite for sandwich, salad and sushi-maker Greencore (GNC) with the shares up 12.3% to 106.7p year-to-date, extending their one-year rally to 28%. Building on a profit upgrade delivered in October, the Dublin-headquartered soup-to-sauce supplier served up encouraging...
Can Nike get back on the front foot?
Thursday 14 Mar 2024Investors in Nike (NKE:NYSE) have endured an unusually tough period of late with shares in the Oregon-based sportswear giant down 15% over one year amid slowing growth and weaker consumer spending. Fierce competition from fast-growing trainer brands and some self-inflicted wounds have also knocked...
Investors turn sour on Tate & Lyle
Thursday 14 Mar 2024Food ingredients business Tate & Lyle's (TATE) recent third-quarter update (21 February) saw an 11% decline in its Food & Beverage Solutions business as it was hit by a mixture of customer destocking and weaker consumer demand. Foreign exchange headwinds are also having a negative impact,...
UK financial regulator softens stance on digital currencies as Bitcoin surges to new high
Thursday 14 Mar 2024The UK FCA (Financial Conduct Authority) is falling into line with other financial regulators and softening its stance on investing in digital currencies as bitcoin hits a record high. From April 2024, issuers will be able to list exchange traded products linked to Bitcoin and Ethereum coins on the...
Darktrace hits 18-month high as hack threats increase
Thursday 14 Mar 2024UK enterprise cybersecurity firm Darktrace (DARK) is rediscovering its mojo after unveiling surprisingly strong growth and margin expansion in the six months to end December 2023. Against a backcloth of intense geopolitical tension, governments and corporate clients are becoming increasingly wary...
Is Adobe primed for an upside surprise?
Thursday 07 Mar 2024Analysts have been turning increasingly optimistic on Adobe (ADBE:NASDAQ) this year, but you wouldn’t have guessed it by looking at the price. Shares in the Photoshop to Illustrator graphic designs software firm have drifted so far in 2024, partly due to soft revenue guidance issued in December...
Competitive pressures are piling up for Pets at Home
Thursday 07 Mar 2024Shares in Pets at Home (PETS) have plunged 30% over one year due to an overhang from the CMA (Competition and Markets Authority) review of the UK veterinary sector and signs there are limits to the sums pet owners will spend on their animal companions during a cost-of-living crisis. While...