Steepest US jobs revisions since 2009Interest rate cut nailed on for SeptemberJackson Hole speech likely to be dovishThe US BLS (Bureau of Labor Statistics) failed to post revisions to the monthly payroll figures at the allotted 10am New York time yesterday causing confusion among economists, many of whom had to call the department directly to get the number.A spokesperson for the BLS said: 'The i

Stock prices in Europe were mildly higher on Thursday morning, as investors await the start of the Jackson Hole conference on Thursday which could indicate clues on the trajectory of US interest rates.Amongst individual stocks, JD Sports Fashion saw its shares jump, after updating shareholders on its second quarter growth. Eckoh also took some of the spotlight, after receiving a takeover offer fro

Wall Street anticipates another strong quarter for Nvidia (NVDA:NASDAQ) as investors' favourite chip stock prepares to release fiscal second-quarter 2025 results (28 Aug), so the pressure is on.There's been no sign that demand for the firm's high-end graphics processing units is waning, the benchmark for running generative AI workloads, but good hasn't been good enough for Nvidia for months: only

Stocks in Europe were in the green at midday Wednesday, as investors await the release of the latest minutes from the US Federal Reserve's meeting.Investors will be looking to tonight's reading not only for clues on the number of rate cuts from the US this year, but also for hints as to the contents of Fed Chair Jerome Powell's speech at Jackson Hole on Friday.The FTSE 100 index was up 13.23 point

Strong first-half returnsInterim dividend up 20%Portfolio still undervaluedValue-focused investment trust Temple Bar (TMPL) continued its run of outperformance in the six months to 30 June with an NAV (net asset value) total return of 13.1% against a 7.4% return for the FTSE All-Share index.The share price total return was 11% following a widening of the discount to NAV to 7.5% from 5.6% at the en

Stock prices in London closed lower on Tuesday, with the FTSE 100 dragged down by hits to index heavies, BP and Shell, on the back of declining oil prices, as well as BT.The FTSE 100 index closed down 83.62 points, 1.0%, at 8,273.32. The FTSE 250 ended down 171.32 points, 0.8%, at 20,986.15, and the AIM All-Share closed down 2.55 points, 0.3%, at 774.04.The Cboe UK 100 ended down 1.1% at 826.27, t

London listed stocks waned going into Tuesday afternoon while the pound ticked up against the dollar.The FTSE 100 index was down 55.96 points, 0.7%, at 8,300.98. The FTSE 250 was down 44.06 points, 0.2%, at 21,113.41, and the AIM All-Share was down 1.37 points, 0.2%, at 775.22.The Cboe UK 100 was down 0.8% at 829.05, the Cboe UK 250 was down 0.3% at 18,496.27, and the Cboe Small Companies was down

49% premium to undisturbed share priceDirectors unanimously recommend offeri3 shareholders to receive cash dividendCanadian oil and gas producer i3 Energy's (I3E:AIM) shares surged 25% higher to 12p on Tuesday morning after the board recommended a £174 million takeover by Toronto-listed Gran Tierra Energy (GTE:TSE) following a period of poor share price performance.While the offer represents a de

London indices closed higher on Monday with mining stocks benefitting from rising gold prices while aerospace & defence manufacturers waned.The FTSE 100 index closed up 45.53 points, 0.6%, at 8,356.94. The FTSE 250 ended up 108.56 points, 0.5%, at 21,157.47, and the AIM All-Share closed up 2.32 points, 0.3%, at 776.59.The Cboe UK 100 ended up 0.6% at 835.35, the Cboe UK 250 closed up 0.7% at 18,55

Tate & Lyle (TATE) 645pMarket cap: £2.5 billionInvestors have soured on Tate & Lyle (TATE) since the global ingredients group announced the $1.8 billion (£1.4 billion) acquisition of 'mouthfeel' specialist CP Kelco in June.The food producer's shares have fallen more than 20% from May's 831.5p five-year high on concerns over price and integration risk, since large acquisitions have an unfortun

Cambridge-based Raspberry Pi (RPI), the designer and maker of low-cost computing equipment, announced the release this week of Pico 2, a new single-board computer built on RP2350, its new secure microcontroller platform.The new microcontroller offers faster processors, more memory, better interfacing and new security features, and like its predecessor professional customers will be able to integra

Out of nowhere, signs of life are appearing in the cannabis sector following a near total collapse in share prices over the last three years. Unlike prior booms and busts, of which there have been many over the last six years, this latest flourish appears to have legs.The Financial Times reported (15 July) several European start-ups are looking to go public to take advantage of potentially signifi

Revenue fall smaller than fearedHealthy rise in year-end order bookCompany eyes return to growth in 2025Housebuilder Bellway (BWY) suffered a 30% slump in housing completions during the year to 31 July 2024, one marred by more expensive mortgages, property market softness as well as significant build-cost inflation.Yet shares in the Newcastle-headquartered builder bounced 3% higher to £27.32 as i

Stocks in London opened in the red on Thursday amid a slew of earnings, ahead of Irish consumer price inflation and US jobs data.The FTSE 100 index opened down 84.56 points, 1.0%, at 8,082.32. The FTSE 250 was down 282.48 points, 1.4%, at 20,293.55, and the AIM All-Share was down 5.40 points, 0.7%, at761.92.The Cboe UK 100 was down 0.9% at 807.54, the Cboe UK 250 was down 1.4% at 17,786.75, and th

With the UK economy seemingly headed for a 'soft landing' and interest rates set to fall at some point this year, more adventurous investors will be looking to add a little more risk to their portfolios.Given the UK market, and the mid-cap space in particular, is widely acknowledged to be cheap, the passive option would be to buy a mid-cap ETF (exchange-traded fund) such as the iShares FTSE 250 (M

On 23 July, India announced its first budget under a new coalition government led by Narendra Modi, who became prime minister for the third time albeit with a reduced majority of 293 MPs for his BJP (Bharatiya Janata Party).In the Indian general election held between 19 April to 1 June, 642 million people voted out of a total population of 1.4 billion.WHAT WERE THE KEY POINTS?India's finance minis

First-half operating profit down 3% to £646 millionOffloads communications firm for £611 millionInterim dividend per share unchanged at 15.0pShares in WPP (WPP) were down over 2% to 700p in morning trading as the advertising giant reported disappointing interim results and lowered full year like-for-like guidance reflecting macro pressures and weakness in China.The advertising giant reported a m

TSMC stock has fallen 23% since mid-July$88 billion wiped off market cap in five volatile daysDelays temporary, demand remains 'strong'In five volatile days, the world's biggest contract chip manufacturer has seen roughly $88 billion wiped off its market cap. The New York-listed stock of TSMC (TSM:NYSE) has fallen from about $166 on the last day of July, to barely $147 today, based on pre-market d

Suitor walks awayBlames geopolitical risks, financial market turmoilWood reiterates outlooks for 2024 and 2025Shares in oil services and consulting firm Wood Group (WG.) slumped 38% to 122.3p on Monday after Sidara terminated takeover talks, the suitor citing 'rising geopolitical risks and financial market uncertainty' for its decision not to make a firm offer.Aberdeen-headquartered Wood had rejec

What is the best performing S&P 500 stock so far this year? AI (artificial intelligence) chip champ Nvidia (NVDA:NASDAQ) maybe? Weight loss wonder Eli Lilly (LLY:NYSE) or bitcoin proxy MicroStrategy (MSTR:NASDAQ) perhaps? No, no, and no.The gong goes to another AI story stock, Super Micro Computer (SMCI:NASDAQ), even after the past month's 16% decline. Super Micro is finding a home in ever more in