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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...
Will the Reddit initial public offering live up to investors’ hopes?
Thursday 07 Mar 2024After repeated delays due to stock market volatility, social media business Reddit will finally make its Wall Street debut some time later this month according to its Securities and Exchange Commission (SEC) filing on 22 February. If the New York listing does go ahead it will be the first major...
Budget 2024: British ISA launched, booze duty freeze lifts pub stocks
Thursday 07 Mar 2024The unveiling of a new British ISA helped give domestic stocks a modest lift after its announcement in the Budget. The £5,000 limit on the new tax wrapper, which can only be invested in UK assets, will be in addition to the existing £20,000 ISA allowance. The key test will be whether this provides...
Indivior enjoys a strong recovery as it targets primary US listing
Thursday 07 Mar 2024Shares in Indivior (INDV) are up 36% year-to-date. The latest catalyst for the opioid-use disorder treatment specialist came in the form of 2023 sales and profit towards the top end of expectations and guidance for stronger than forecast profit growth in 2024 (22 February). Also giving the shares a...
Halfords skids lower on weak demand and wet weather woe
Thursday 07 Mar 2024Car parts, bikes and tyres seller Halfords (HFD) has let investors down again. The retailer’s latest profit warning (28 February) pinned on weakening demand for bicycles as well as wet weather, which has deterred customers from visiting its stores and purchasing winter and car cleaning products in...
Seraphim reaches for the stars with 31% year-to-date gains
Thursday 29 Feb 2024Shares in Seraphim Space Investment Trust (SSIT) have nearly doubled from a low of 29p last November but are still a long way off their initial public offering (IPO) price of 100p. The trust’s share price has been volatile post-pandemic as investors ‘fell out of love’ with blue-sky stocks like...
Brakes slammed on Mobico recovery as results delay frustrates investors
Thursday 29 Feb 2024Shares in bus and rail business Mobico (MCG) have fallen 37% over one year and more than 80% over five years as the slow post-pandemic margin recovery at the renamed National Express continues to frustrate long-suffering investors. Having spooked the market less than six months ago by cutting...
Competition authority finds ‘fundamental concerns’ in the UK housebuilding market
Thursday 29 Feb 2024No-one could accuse the CMA (Competition and Markets Authority) of sitting on its hands, least of all this year. As well as investigating several high-profile mergers – including this month alone Aviva (AV.) /AIG Life, SpreadEx/Sporting Image, RedBird IMI/Telegraph Media Group, Pharmacy2U/Lloyds...
Berkshire cash hits record $168 billion as deals dry up
Thursday 29 Feb 2024The annual Berkshire Hathaway (BRK-B:NYSE) shareholder letter is eagerly awaited by investors looking for insights and clues into Warren Buffett’s next big move. This year’s missive throws a bucket of cold water on the idea of finding businesses to buy which might be ‘transformational’ for...