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What have the top US fund managers been doing recently?
Thursday 22 Feb 2024Each quarter the analyst community eagerly awaits the publication of the 13F forms by the leading US investment managers. The releases, which have to be published within 45 days of the end of the quarter, are parsed for clues into what these ‘star’ managers are thinking about the world and about...
XP Power plummets to 10-year low after two successive profit warnings
Thursday 22 Feb 2024Leading provider of critical power components to the electronics industry XP Power (XPP) has seen its shares drop 55% over the last six months to a low of 898p prompted by two profit warnings. The drop continues the fall from grace for the shares which peaked around £55 in August 2021. In a year-...
YouGov looks in great shape amid talk of move to US listing
Thursday 22 Feb 2024Data analytics and market research business YouGov (YOU:AIM) continues to impress as speculation builds over a potential move to a US listing. While the shares are still some way off reclaiming the all-time highs seen in December 2021, they are on a strong upward trajectory with confidence in the...
Uber unveils $7 billion buyback as ride hailing firm shocks investors
Thursday 22 Feb 2024Ride hailing and delivery group Uber Technologies (UBER:NYSE) ended its financial year (to 31 December) in profit for the first time ever after finally managing to make more money than it spent on its operations. This was not the only surprise in store for investors with Uber also unveiling a shock...
Shares in specialty chemical maker Victrex hit fresh multi-year lows
Thursday 15 Feb 2024High-performance polymer-maker Victrex (VCT) delivered a downbeat assessment of the outlook for the current financial year last week citing weakness in demand in several end-markets. The update caused the shares to fall almost 15% to a new multi-year low of £11.52 before clawing their way back...
Global data services specialist Experian continues to deliver positive news
Thursday 15 Feb 2024Shares in global data services specialist Experian (EXPN) are on a roll after the firm reported another strong set of results lifted by strong global demand. In November, the group reported a 5% increase in revenue on an organic basis to $3.42 billion for the six months ending 30 September 2023...
Consolidation in commercial property market shows no signs of slowing
Thursday 15 Feb 2024The recent wave of takeovers and mergers in the quoted UK commercial real estate sector has continued this week with the proposed all-share takeover of UK Commercial Property (UKCM) by Tritax Big Box (BBOX). The deal, which values UKCM at 71.1p per share or a 10.8% premium to the previous day’s...
S&P 500 surpasses 5,000 milestone and chip design firm ARM almost doubles in a week
Thursday 15 Feb 2024The S&P 500 hit another historic high on 9 February, closing above 5,000 for the first time. This milestone comes as no surprise for those investors paying close attention to the index. The S&P 500 has been on a general uptick since last October, rising 21% since the of that month. And the...
Big banks expected to report largely benign fourth quarter earnings
Thursday 15 Feb 2024The publication of full-year results by the big four UK high-street banks is imminent and there will inevitably be a good deal of scrutiny of their margins and provisions for bad loans. If last week’s update from Virgin Money UK (VMUK) is any guide, net interest margins should be fairly steady...
Blow-out US jobs report sends stocks higher despite implications for rates
Thursday 08 Feb 2024Markets often move in unexpected ways and Friday’s (2 February) release of blow-out non-farm payrolls data was no exception. The US economy added 255,000 jobs per month on average in 2023 and coming into the latest data for January the consensus was looking for the rate to slow to 180,000. The...