Wall Street beat in Q2Higher capex incoming as Meta seeds AI soil$590 target price slapped on stockAll gardeners know you plant seeds today to reap a harvest tomorrow and it's what Facebook-owner Meta Platforms (META:NASDAQ) is doing with AI (artificial intelligence). Yes, it means higher capex now, but the rewards down the line could be considerable.Investors seems to understand this, which is wh

Stocks in London fell at Thursday's market open, with trading downbeat ahead of the European Central Bank's interest rate decision and US economic growth data.The FTSE 100 index opened down 50.64 points, 0.7%, at 7,363.70. The FTSE 250 was down 72.15 points, 0.4%, at 16,798.56, and the AIM All-Share was down 1.76 points, 0.3%, at 672.06.The Cboe UK 100 was down 0.7% at 734.72, the Cboe UK 250 was

Equities in London kicked off the final session of the week on the back foot, with the FTSE 100 looking like it will extend its losing streak to five days.Stocks in Asia and Europe struggled on fears that major central banks will keep interest rates higher for longer. Among them, the Bank of England, fresh from enacting a chunkier rate lift than what was predicted, is expected to hike again in the

- Virgin Orbit will cease operations, say media reports- 85% of workforce axed after failure to find fresh funding- Shares plunge nearly 50% Shares in Virgin Orbit (VORB:NASDAQ) plunged nearly 50% in after-hours trading in New York to $0.34 after the company said it will be laying off 85% of its workforce after failing to secure much-needed new investment.According to media reports, Virgin Orbit w

London share prices were in the red at midday on Tuesday, though off morning lows, ahead of a speech in Europe by US Federal Reserve Chair Jerome Powell.Interest in Powell's speech in Stockholm was heightened by hawkish remarks made by two of the chair's colleagues on Monday.Two Fed board members - Mary Daly and Raphael Bostic - said there is some way to go before the US central bank begins loweri

During volatile market conditions and high inflation, investors are looking for ways to protect their income. Investment trusts have an income advantage which is particularly important for seekers of rising payouts.This is because they are able to hold back up to 15% of the income they receive from their investments in their revenue reserves. They can use these reserves to boost dividends during l

Anyone setting off on holiday this summer will want to make their money go the furthest - and one easy way to do that is being savvy about how you spend money while abroad.The difference between using the wrong card and one with low fees, or getting your cash at the airport compared to a more competitive rate could add hundreds of pounds in costs to your trip away.Here we look at the different opt

European stocks were posting modest gains at midday on Monday despite the EU preparing to debate further sanctions on Russia, which could take aim at its key oil sector, following reports of 'atrocities' in Ukrainian towns.In New York, the tech-heavy Nasdaq Composite was pointed higher as Twitter shares soared pre-market on news that Tesla boss Elon Musk has taken a near $3 billion stake in the mi

Stocks in London ended higher on Friday in defiance of UK households coming to terms with rising prices, with a healthy US jobs report, and sharp rises from small cap stocks on takeover bids and strong trading.US nonfarm payrolls for March slightly undershot consensus, data showed, but February saw a notable upwards revision.At the same time, the unemployment rate continued to decline and wage gro

The EU's move to cut off Belarus, one of the world's top suppliers of potash, is creating a potential earnings boost for non-Russian and Belarus potash companies. Belarus has permitted Moscow to use its territory as a conduit to invade Ukraine.Potash is a term commonly used for potassium and it is a crucial ingredient for agricultural fertilisers. Its production is heavily concentrated in just fou

Europe's largest recycling company Renewi (RWI) delivered another strong quarter for the three months to December and announced a further 'material upgrade' to its outlook for the full year to March.The waste-to-product firm has been on a charge over the last year with its shares rallying from below 400p to over 800p in November before falling back in line with the market. Today's update saw the s

Shares in AIM-listed building materials firm SigmaRoc (SRC:AIM) jumped 5% to 88p after the group announced the acquisition of privately-owned Johnston Quarry Group for £35.5 million.Johnston owns and operates eight quarries and two processing sites in Oxfordshire, Lincolnshire and the South West, supplying Cotswold Ironstone and Bath Stone for upmarket new-build residential housing as well as agr

In late September 2021, when the UK market had its most recent wobble, many ESG or 'sustainable' stocks and funds experienced a sharper sell-off than the FTSE All-Share index, prompting some to wonder if the boom in ethical investing had run its course.Fast forward to today and the best of those ethical stocks and funds are trading at even higher levels than the start of September. Sustainable inv

Investors looking for anomalies in the investment trust space should cast an eye on one name in the Asian equity income space.In recent years, Aberdeen Asian Income (AAIF) has generally been the most unpopular of the five trusts in this sector based on how it has typically traded on the biggest discount to net asset value.However, what's interesting is the fact it is now the best performing stock

THIS IS AN ADVERTISING PROMOTIONAfter a turbulent year for gold so far, many commodity experts are bullish on the long-term outlook for the yellow metal - citing financial and geopolitical uncertainty topped off by the spectre of low interest rates - suggesting the recent price dip presents a ripe opportunity to snap up bullion.Against this backdrop, an emerging East African-focused gold producer

Unlike a lot of firms, international waste-to-product company Renewi (RWI) - which was formed from the merger between Shanks Group and Van Gansewinkel Group in 2017 - has emerged from the pandemic in better shape than it started.First half turnover at its ongoing operations, which exclude the Canada municipal business sold in September last year and the Reym business sold in October 2019, was down

UK stocks ended a busy week in reflective mood after a big jump in Covid-19 cases was reported yesterday and European policymakers sounded a cautious note on the economic outlook going into year-end.At the close on Friday the FTSE 100 was down 22 points or 0.4% at 6,316 points. Domestic stocks such as banks and house builders gained while overseas earners including energy stocks fell as the pound

UK stocks retreated on Friday after a big jump in Covid-19 cases was reported yesterday and European policymakers sounded a cautious note on the economic outlook going into year-end.At midday the FTSE 100 was down 27 points or 0.4% at 6,312 points. Domestic stocks such as banks and house builders gained while overseas earners including energy stocks fell as the pound continued to strengthen agains

Shares in Schroder Oriental Income Fund (SOI) were marked down 1% to 243p on Friday on news of a negative return for a 'truly unprecedented' year to August 2020 and the announcement that well-followed manager Matthew Dobbs is to retire early next year.Cushioning the blow for investors was yet another annual dividend increase from the fund, which was able to draw 'modestly' on its revenue reserves.

UK stocks retreated on Friday after a big jump in Covid-19 cases was reported yesterday with the FTSE 100 down 0.6% at 6,300 points. A stronger pound dragged down exporters and weaker oil put pressure on energy stocks.The pound was 0.5% higher against the US dollar at $1.31 and Brent crude prices were 1.4% lower at $40.5 per barrel. Gold prices nudged-up 0.2% to $1.880 an ounce.Overnight trading i