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Why Lululemon shares rallied despite second quarter sales miss

First revenue miss in over two yearsFull year guidance trimmed30% overseas growth pleasesComing out of the gate there was a sour reaction to second quarter results (29 August) from Canadian athleisure specialist Lululemon...

30 August 2024
Best Buy surges 14% to new two year high on earnings beat

Second quarter sales and earnings beatRaised full year profit guidanceGreen shoots of recoveryElectronics retailer Best Buy (BBY:NYSE) grew second quarter adjusted EPS (earnings per share) by around 10% to $1.34 compared with Wall...

30 August 2024
UK and European stocks close in the green

Stocks in London managed to shake off a tepid response to Nvidia's earnings across the pond on Thursday, with the positive sentiment also seen elsewhere in Europe.The FTSE 100 index closed up 35.79 points, or 0.4%, at 8,379.64. The...

29 August 2024
European and UK Stocks resilient ahead of US GDP

European stocks were higher on Thursday midday, as investors prepare for a US GDP print, while top US White House aide Jake Sullivan met Chinese President Xi Jinping in Beijing.The FTSE 100 index was up 24.13 points, or 0.3%, at...

29 August 2024
More questions for Quiz as micro cap fashions £6.7 million loss

Full year swing into the redQ1 sales down 11%CEO eyes return to profitable growthBeleaguered fashion brand Quiz's (QUIZ:AIM) market valuation looks even more threadbare following the latest downwards lurch in the share price.The...

29 August 2024
Blue-chip FTSE 100 index opens marginally higher ahead of US GDP data

Stock prices in London opened softly in the green on Thursday as investors remained cautious ahead of upcoming US GDP data.The FTSE 100 index opened up just 4.00 points at 8,347.85. The FTSE 250 was down 11.24 points, or 0.1%, at...

29 August 2024
Go for growth with The Global Smaller Companies Trust

The Global Smaller Companies Trust (GSCT) 166pMarket cap: £794.4 millionDespite the recent stock market dominance of mega-cap US tech companies, high-quality smaller caps have a longer term record of outperforming. With greater...

29 August 2024
Frasers steps up growth push Down Under through strategic Accent tie-up

Takes 14.65% stake in Aussie retailer'Mutually beneficial opportunities' for both groupsStrengthens ties with Hoka, SkechersDespite already having fingers in multiple pies, Mike Ashley-controlled Frasers (FRAS) has swooped on yet...

28 August 2024
GSK shares up 2% after court decision on prior Zantac ruling

Delaware court agrees to reviewHepatitis B drug gets fast track approvalNucala approval in JapanBiopharma giant GSK (GSK) was one of the top gainers in the FTSE today, rising 2% to £16.47 after releasing positive drug updates and...

28 August 2024
Short seller Hindenburg puts Super Micro Computer in the dock

Improper revenue recognition among list of accusationsInvestors largely shrug off report after temporary sell offSuper Micro Computer stock has rallied more than 90% this yearShort seller Hindenburg Research has launched an attack...

28 August 2024

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