Edinburgh Worldwide Investment Trust (EWI) surprised the market this week when it announced it had developed 'a comprehensive action plan to improve execution' and would return up to £130 million of capital to shareholders next year.'Our vision, to identify and manage a carefully selected portfolio of transformative businesses, has the potential to deliver outsized returns for shareholders,' insi

There is a huge body of academic work highlighting behavioural biases which consistently trip-up investors' supposedly rational thinking. In this article we look at seven big sins of investing, with some examples and insights on how to avoid them.A lot of the credit for these principles goes to Daniel Kahneman and Amos Tversky who collaborated in the 1960s to research apparent anomalies and contra

Ocado Retail revenue up 15.5% to £658 millionUK's fastest growing grower for seven months in a rowAverage basket value was broadly flat at £120.97Shares in Ocado (OCDO) were up more than 7% to 375p in morning trading as the company raised 2024 revenue guidance for its Ocado Retail joint venture with Marks & Spencer (MKS) to low double-digit growth following a strong performance in the first thre

London's FTSE 100 prospered in early trading on Thursday after the US central bank cut rates by a hefty 50 basis points.The FTSE 100 index added 56.60 points, 0.7%, at 8,310.28. The FTSE 250 added 168.08 points, 0.8%, at 21,003.39, and the AIM All-Share rose 2.30 points, 0.3%, at 744.86.The Cboe UK 100 rose 0.7% to 832.14, the Cboe UK 250 added 0.8% to 18,528.62, and the Cboe Small Companies rose

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

Anyone lucky enough to have enjoyed a long summer holiday and focused on the beach rather than their portfolio might not have noticed the recent jolt in global stock markets.While the second half of July was a miserable time markets amid fears of a US recession, the scale of the subsequent rebound has been remarkable.Glance at your portfolio now and you might only see a small dent. There is certai

Two new delivery hubs open in AustraliaDelivery hubs will serve customers in Melbourne and SydneyYear-to-date shares are down more than 50%Shares in Ocado (OCDO) were marginally higher at 364p in morning trading as the online grocery retailer said two (customer fulfilment centres) CFCs in Australia had opened in July (a year later than originally planned).The joint venture with Coles has now final

Shares up 13% to 386pRevenue up 12.6% to £1.5 billionAdjusted EBITDA of £71.2 millionShares in Ocado (OCDO) were up as much as 18% this morning before falling back as the online grocer raised its full year 2024 EBITDA (earnings before interest taxation depreciation amortisation) and cash flow guidance.Underlying cash flow is expected to improve by £150 million (previously £100 million). The co

New delivery hub will go live in 2027Relief rally after bad news on CanadaOcado shares down 53% year-to-dateShares in Ocado (OCDO) were up nearly 6% to 346p as the online grocery retailer said it planned to build a third CFC (customer fulfilment centre) in Kuki-Miyashiro prefecture in Japan.The new CFC will go live in 2027 and will be developed with hypermarket group AEON (8267:TYO). SIGN O

Defence and banks stocks top tableM&A wave creates big winnersConsumer stocks on the skidsIt hasn't been a vintage year for the UK stock market, but there are signs investors are coming back attracted by the cheap valuations on offer compared with the US as well as decent earnings prospects for UK companies.The FTSE 350 index is up 5.5% year-to-date, with the FTSE 100 large-cap benchmark up 5.6% j

Shares in online grocery delivery and technology group Ocado (OCDO) slumped as much as 70p or 20% to 281p on 20 June, taking them to their lowest level in seven years, after Empire Company (EMP.A:TSE), the owner of Canadian supermarket firm Sobeys, announced it would delay the opening of its Vancouver CFC (customer fulfilment centre).!function(){"use strict";window.addEventListener("message",(func

For readers who may not be aware, being market-cap weighted both the FTSE 100 and the FTSE 250 index are reviewed and rebalanced every three months to take account of share price movements.In the previous review, which took place at the end of February, budget airline group EasyJet (EZJ) won promotion to the FTSE 100 while precious metals group Endeavour Mining (EDV) was relegated to the FTSE 250

Retail bellwether Marks & Spencer's (MKS) latest results (22 May) suggest the food, fashion and furniture seller has embarked on the turnaround which has been long in the making with many false dawns down the years.Shares in the FTSE 100 retailer are at a fresh five-year high of 300p following the delivery of forecast-beating full-year figures and a first final dividend since 2019. Yet despite the

Retail bellwether Marks & Spencer (MKS) may need to deliver a modest 'beat' to the £679.8 million consensus pre-tax profit estimate, along with a reasonably confident outlook statement, when it serves up full-year results (22 May) if the foods-to-fashion giant is to sustain recent positive share price momentum.Led by CEO Stuart Machin, the FTSE 100 company's turnaround is gaining traction and Mar

In the last few weeks, the drumbeat of companies complaining about the lowly valuation of their shares and floating the idea of moving to the US market has grown steadily louder.First there was miner Glencore (GLEN), then oil major Shell (SHEL) started making noises and most recently online retailer Ocado (OCDO) has come under shareholder pressure to move its listing.What is significant is these a

Shares in Ocado (OCDO) have fallen by 20% over the past month as the online grocer continues with its fractious relationship with joint venture partner Marks & Spencer (MKS).Despite reporting average orders per week of 414,000, an 8.4% increase compared with the first quarter of 2023, and a 10.6% rise in revenue for Ocado Retail for the 13 weeks to 3 March, trouble is brewing for the online grocer

After almost closing at a new high in early April, the UK?s blue-chip FTSE 100 has finally made it into the ranks of indices hitting new all-time highs thanks to a 4.5% gain since the start of January.On 22 April the index reached its highest ever close and on 23 April it moved through its previous intra-day high.The UK clearly isn?t in the same league as the US, where the S&P 500 has notched up n

The FTSE 100 came off session lows but still struggled to find its groove heading into Tuesday afternoon, with share price falls for miners meaning it underperformed continental peers.The FTSE 100 index was up just 3.00 points at 7,920.57. The FTSE 250 was up a more convincing 90.13 points, 0.5%, at 19,703.66, while the AIM All-Share was down just 0.02 of a point at 737.24.The Cboe UK 100 was marg

Average orders of 414,000 per week grew 8.4%Average basket value up 2.1%, basket size stableOcado shares down 37% year-to-dateShares in Ocado (OCDO) were marginally higher at 463p this morning as the online grocer reported a 10.6% rise in revenue for its Ocado Retail joint venture to £645.23 million for the 13 weeks to 3rd March 2024Average orders per week of 414,000 grew 8.4% compared with the f

London?s FTSE 100 ended higher on Friday, but suffered another losing week, as focus turns to some key updates on fiscal policy in the UK and monetary policy in the eurozone.On Wednesday, the UK government delivers its latest budget, expected to be the final one before a general election. On Thursday, the European Central Bank announces its latest interest rate decision.The FTSE 100 index rose 52.