Luxury goods brand Burberry (BRBY) has ended its 15-year sojourn in the FTSE 100.The relegation comes after dramatic share price falls for the company in 2024. EasyJet (EZJ), which had been on course to suffer the same fate, looks to have saved itself with a recent rally (confirmation of the outcome of the reshuffle was due after market close on 4 September).In May this year, EasyJet investors bec

You might not think online grocery retailer Ocado (OCDO), luxury goods group Burberry (BRBY) and UK water utility giant Pennon (PNN) have much in common. However, they are all among the most shorted stocks according to data from the FCA (Financial Conduct Authority) daily short position report which you can find on the published on the ShortTracker website.WHAT IS SHORT SELLING?Short selling also

Stock prices opened lower on Monday morning in Europe, which has a lot of purchasing managers' index data out today, while financial markets in the US and Canada remain closed for Labor Day.In early corporate news, Australia's REA Group confirmed it is considering making a takeover offer for UK peer Rightmove.The FTSE 100 index opened down 15.50 points, or 0.2%, at 8,361.13. The FTSE 250 was down

It was a week of ups and downs for the US market as investors awaited Federal Reserve chair Jerome Powell's address to the Jackson Hole Symposium on 23 August.<img src="https://datawrapper.dwcdn.net/O7wOm/full.png" alt="" data-mce-fragment="1" data-mce-src="https://datawrapper.dwcdn.net/O7wOm/full.png"><span id="mce_marker" data-mce-type="bookmark" data

Burberry (BRBY) 719pLoss to date: 44.3%It's never easy confronting a big loss, but we have to admit we were too early in calling the turn at mono-brand fashion firm Burberry (BRBY).We said at the time there was risk involved given the company had issued two profit warnings, which tend not to be isolated events, but we felt with the shares having halved in the 12 months to February there wasn't muc

Shares in luxury goods group Burberry (BRBY) slumped more than 15% to 747p, their lowest level in more than a decade, after the firm warned it could make a first-half operating loss if weakness in its core markets persisted.In its first-quarter trading update covering the three months to the end of June, the company said its performance had been disappointing due to a luxury market which is provin

Warning of potential first-half lossFY25 dividends suspendedNew chief executive appointedLuxury group Burberry (BRBY) posted another disappointing trading update, saying the market weakness it had experienced in the fourth quarter of its financial year to the end of March had continued into July meaning it needed to take drastic action to deliver a second-half improvement.As well as suspending its

Up to $2 billion impairment expectedBP sees earnings hit from lower refining marginsHunting upgrades guidance, Wood wins Shell contractBP (BP.) shares slid 3.6% to 457.6p on Tuesday after the energy producer warned it would book impairments of up to $2 billion in the second quarter of 2024 arising from plans to scale back refining operations in Germany which have been hit by rising energy costs an

Stock prices in London were in the green on Wednesday morning, despite its peers in Paris and Frankfurt falling, ahead of a slew of data from the eurozone and the US.The FTSE 100 index opened up 22.67 points, or 0.3%, at 8,254.83. The FTSE 250 was up 48.92 points, or 0.2%, at 20,766.91, and the AIM All-Share was up 2.15 points, or 0.3%, at 800.35.The Cboe UK 100 was up 0.2% at 822.79, the Cboe UK

The American financial markets writer and publisher Jim Grant once observed that: 'Successful investing is having everyone agree with you ?. Later.' This makes perfect sense, as it distils the concept of going against the crowd to buy cheaply and then sell expensively to lock in the gain and the initial thesis is now the consensus view and thus reflected in the valuation.However, this column does

The FTSE 100 finished strong on Thursday, coinciding with a successful day for New York stocks in the aftermath of the Federal Reserve?s status quo interest rate decision on Wednesday evening.The FTSE 100 index closed up 50.91 points, 0.6%, at 8,172.15. The FTSE 250 ended up 125.74 points, 0.6%, at 20,052.33, and the AIM All-Share closed up 3.13 points, 0.4%, at 768.11.The Cboe UK 100 ended up 0.6

Group revenue year-on-year down 6.7%Print revenue down 6%Circulation revenue down 3.4%Shares in Reach (RCH) were up over 9% to 81p in morning trading as one of the UK?s biggest newspaper groups said it was ?on track? to deliver full year expectations.Investors seemed to ignore the 6.7% fall in group revenue with print revenue falling 6% and circulation revenue falling 3.4% in the first quarter.The

US-listed large-caps shone last year with shares in mega-caps, and the ?Magnificent Seven? in particular, surging higher. However, this outperformance only widened the valuation gap between US large and small-caps and left shares in the latter cohort languishing at the low end of historical valuations.Over one and five years, the Russell 2000 index of US small-cap stocks is up 14.6% and 30.5% at t

HgCapital Trust (HGT) 458.8pMarket cap: £2.1 billionWhile it may not be as well known as FTSE 100 private equity firm 3i (III), specialist software and services investment trust HgCapital (HGT) has an equally impressive track record.Total share-price returns over the last decade are 18.8% per year, slightly ahead of the FTSE 100 giant which has posted 18% compound annual growth, while 2023 saw it

Revenue down 5.4% to £568.6 millionPrint circulation revenue up 2%Pre-tax profits down 10% to £92.7 millionShares in Reach (RCH) were up over 15% at one point in morning trading to 68p after annual profit came in slightly ahead of market expectations. The newspaper publisher reported a 5.4% fall in revenue to £568.6 million for the 53 weeks to 31 December 2023.The shares were also buoyed by po

Equities in Europe were in a muted mood Tuesday afternoon, while stocks in New York were called to open lower, with key political, fiscal and monetary policy events on the docket in the days to come.Wednesday?s UK budget, the last before the next general election, could see some tax cuts announced. Federal Reserve Chair Jerome Powell speaks in front of lawmakers that day too. Sticking with monetar

Stock prices in London were mainly down on Tuesday, ahead of a handful of data readings, and the UK Spring Budget on Wednesday.The FTSE 100 index opened down 23.82 points, 0.3%, at 7,616.51. The FTSE 250 was up 9.02 points at 19,258.10, and the AIM All-Share was down 2.36 points, 0.3%, at 735.33.The Cboe UK 100 was down 0.3% at 763.23, the Cboe UK 250 was up slightly at 16,596.27, and the Cboe Sma

By his own admission, Nick Train, manager of Finsbury Growth & Income (FGT), isn?t one for nostalgia, whether that is reflecting on past glories or the ?melancholy fact? as he puts it that the popular investment trust has underperformed the FTSE All-Share index for the last three years.Moving into 2024, the trust has again lagged the benchmark with a share price return of -1.9% in January against

It was another superb week for the major US indices with the S&P 500 breaching the 5,000 mark for the first time ever on 8 February, ending the session 0.1% to the good at 4,997.91 points, as a narrow set of America?s biggest companies continued to drive the market higher.The Nasdaq Composite and Dow Jones Industrial Average indices also sustained their strong starts to 2024 amid a busy corporate

Stocks in London saw mixed fortunes at Wednesday?s market open, with the flagship FTSE 100 held back by a strong pound.The FTSE 100 index opened down 37.16 points, 0.5%, at 7,418.08. The FTSE 250 was up 71.67 points, 0.4%, at 18,458.67, and the AIM All-Share was up 1.6 points, 0.2%, at 714.19.The Cboe UK 100 was down 0.5% at 740.29, the Cboe UK 250 was up 0.4% at 15,998.72, and the Cboe Small Comp