European equities opened higher on Wednesday, after US tech shares, including chipmaker and artificial intelligence titan Nvidia, returned to form overnight.In London, investors had a host of corporate updates to sink into, including bullish earnings from pandemic winners AO World and ProCook. A merger agreement between Witan Investment Trust and Alliance Trust also grabbed some of the...

Marks Electrical (MRK:AIM) 69.35pLoss to Date: 29.3% In late August 2023 we said online domestic appliances and consumer electronics retailer Marks Electrical (MRK:AIM) had good growth potential driven by market share gains and geographical expansion. Over the last three years, its share of the online major domestic appliances market has more than doubled to 4.7% while its share of the online...

European equities traded lower on Wednesday afternoon, ahead of a host of risk events later in the week, including earnings from major US banks and an inflation reading from the world?s largest economy.AJ Bell analyst Russ Mould commented: ?The market is still trying to work out if central banks are going to under-promise and over-deliver on interest rates cuts or if they really mean it when...

We believe Marks Electrical (MRK:AIM) has the potential to grow earnings at an attractive rate over the next few years driven by geographical expansion and market share gains.Although the shares have only been publicly traded since November 2021, the company has been honing its customer proposition for 35 years.Founded by Mark Smithson in Leicester in 1987 at the tender age of 21 the company...

- Electricals retailer reports record revenue- Momentum remained strong in final quarter- Continues to take market shareShares in Marks Electrical (MRK:AIM) sparked up 8.4% to 90.5p after the rapidly-growing online electricals retailer defied the tough consumer backdrop to deliver a forecast-beating performance for the year to March 2023, driven by continued sales growth and margin...

- Positive news flow from electrical retailer continues- AO World delivering sustained margin improvements- Customers remain resilient despite cost-of-living pressuresShares in AO World (AO.) rallied 20% to 67.6p after the online electrical retailer upgraded profit guidance for the third time since November in another unscheduled trading update.Despite headwinds from inflation and...

- Online electricals retailer proposes maiden dividend- Sales growth exceeding 20% in new financial year- CEO Mark Smithson sees huge growth runway aheadShares in Marks Electrical (MRK:AIM) sparked up 2.2% to 93.5p after the fast growing online electricals retailer reported better than expected full year earnings and a positive start to the new financial year despite facing increased...

The FTSE 100 finished the first trading session of the week in the red, shedding 0.54% to close at 7,445.25 points. Housebuilders dragged on the blue chip benchmark on the UK Government's plans to force them to pay to fix the cladding crisis which has followed the Grenfell tragedy in 2017.The more domestically-focused FTSE 250 ended the day 1.5% lower at 23,001.81 points.Investor sentiment was...

London's FTSE 100 was flat by midday at 7,482.12 points, with housebuilders weighing on the blue chip benchmark as the UK Government announced plans to force them to pay to fix the cladding crisis which has followed the Grenfell tragedy in 2017.The housing secretary will unveil plans this week for a £4 billion grant scheme to pay for repairs demanded by banks and insurers in the wake of the...

Shares in Marks Electrical (MRK:AIM) sparked up 1.3% to 121p as the online televisions, fridge freezers and washing machines retailer shrugged off supply chain challenges and demanding comparatives to deliver record sales for the all-important Christmas quarter to December 2021.The fast-growing online retailer managed to cope with a surge in demand for its products by working closely with...

UK stocks took a step back on Tuesday after the FTSE 100 began the week at a new year-high. For the next two days investor attention is likely to be on the pace of interest rate hikes, with the US Federal Reserve meeting tomorrow evening and the Bank of England meeting on Thursday lunchtime.Overnight there were record highs in the S&P 500, Dow Jones and Nasdaq 100, despite further evidence of...