Stocks in London ended in the red on Wednesday, as the market eagerly awaited the earnings from chipmaker and AI-play Nvidia.The FTSE 100 index ended down just 1.61 points at 8,343.85. The FTSE 250 declined 95.20 points, or 0.5%, at 21,066.87, and the AIM All-Share closed down 8.88 points, or 1.1%, at 770.30.The Cboe UK 100 ended down 0.1% at 834.14, the Cboe UK 250 fell 0.4% at 18,566.65, and...

Shares in Focusrite (TUNE:AIM) took a turn for the worse this week, at one point falling 32% intraday as the professional music and audio products group downgraded 2024 full year sales and profit expectations.The group said ?challenging? market conditions first highlighted at its AGM (annual general meeting) in January had continued to impact the company. Sales for this year are now seen...

Sales and profit guidance 15% and 25% below consensusContinued weakness in AsiaMarket share gains amid challenging marketGlobal music and audio products group Focusrite (TUNE:AIM) has downgraded 2024 full year sales and profit expectations following a continuation of the ?challenging? market conditions highlighted at its annual general meeting in January.Investors were in unforgiving mood,...

Stock prices opened mixed on Monday, with the FTSE 250?s landscaping products company Marshalls plunging amid a profit dive, as investors prepare for a week full of interest rate decisions.The FTSE 100 index opened up 3.59 points at 7,731.01. The FTSE 250 was down 39.45 points, 0.2%, at 19,473.46, and the AIM All-Share was down 2.29 points, 0.3%, at 736.02.The Cboe UK 100 was up slightly at...

- Surplus inventory amid market weakness hits sales- Inventories back to normal pre-pandemic levels- Second half trading in line with expectations Despite seeing a strong rebound in live events, global audio products company Focusrite (TUNE:AIM) said surplus channel inventories and market weakness led to a 7% drop in first-half revenues and a 26% fall in adjusted operating profit.The shares...

- Trading in line with expectations, second half weighting- Asian demand weakness- Freight and supply chain headwinds reversingGlobal audio products company Focusrite (TUNE:AIM) said trading in the first four months of its financial year to 31 August 2023 was in line with the board's expectations and its full-year outlook was unchanged.The timing of product releases means the board anticipates...

This is part one of three articles looking at how to find and analyse growth stocks. We also explain important financial considerations to consider.In the second and third articles we will take a deeper dive into a UK stock.Growth and value investing have become part of the investment lexicon in recent years. Investment consultants use the labels to pigeonhole a fund manager's style of...

Global music and audio products company Focusrite (TUNE:AIM) gave an upbeat trading update for the year ending 31 August 2022 in the face of tough comparisons from last year.First half revenues are expected to be at least £91 million as overall demand for the company's products remained 'strong', while profits and cash are in line with the board's expectations.The shares sounded a confident...

UK stocks ended the week on a positive note, just, despite an unexpected rate rise from the Bank of England and a record level of Covid infections driven by the new Omicron variant.Earlier in the day retail sales for November surprised to the upside, lifting retail and other consumer-facing stocks.At the close the FTSE 100 index of leading shares was up 9 points or a little over 0.1% at 7,270...

In contrast with European and other international markets, UK stocks were higher on Friday after retail sales rose faster than expected for the second consecutive month.At midday the FTSE 100 index of leading shares was up 21 points or 0.3% at 7,276 points led by mining and consumer-facing stocks.US futures were indicating a lower opening after yesterday's sell-off, while Asian markets were...

Shares in global music and audio products company Focusrite (TUNE:AIM) dropped 2.6% to £15.42 on Friday after the company flagged continuing supply constraints and higher freight and shipping costs.The company released a brief trading statement ahead of its annual general meeting saying demand had remained strong in first quarter to the end of November despite tough year-on-year comparatives...

UK stocks were higher on Friday after retail sales rose faster than expected for the second consecutive month as consumers brought forward Christmas shopping due to worries over the availability of products linked to global supply constraints.The FTSE 100 index of leading shares was 0.2% higher at 7,276 points in early trading.In Asia, the Japanese central bank left interest rates unchanged...

Sukh Chamdal, chief executive and co-founder of specialist fresh cream cakes retailer Cake Box (CBOX:AIM) has sold shares with a market value of £10.5 million.The sale represents 7.5% of the company's shares and was executed through an accelerated book build with house broker Shore Capital. The sale leaves Chamdal with 9.8 million shares, representing just under 25% of the company.STRONG...

UK stocks were subdued on Tuesday after strong September employment data and rising average wages sent the pound higher against the dollar and the euro, creating a headwind for the globally-focused FTSE 100 index.Energy prices were higher with Brent crude up 1% to $83 per barrel as commentators talked of a tight market heading into winter, helping to lift the oil majors, but weakness in...

UK stocks traded lower on Tuesday, in spite of an advance in US markets and better than expected jobs numbers from the Office for National Statistics.According to the latest data, the number of UK workers rose by 241,000 between July and August, sending employment back to levels not seen since the start of the pandemic.By the close, however, the FTSE 100 of leading shares was down 34 points or...

UK stocks traded lower on Tuesday, dragged down by weakness in the mining and banking sectors. This was despite the number of workers rising by 241,000 between July and August, sending employment back to levels not seen since the start of the pandemic, according to the Office for National Statistics.At 1pm the FTSE 100 of leading shares was down 21 points or 0.3% at 7,048 points.Trading in...

UK stocks traded lower on Tuesday dragged down by weakness in the mining and banking sectors. At 8.45am the FTSE 100 of leading shares was 0.5% lower at 7,031 points.A report this morning by market research consultancy Kantar said UK grocery sales rose 1.3% on a like-for-like basis year-on-year for the four weeks ended 5 September, but the period also saw the lowest level of promotions in 15...

Focusrite (TUNE:AIM) £14.16Gain to date: 106.1%Original entry point: Buy at 687p, 23 July 2020Music and audio products firm Focusrite (TUNE:AIM) continues to mark record share price highs driven by earnings upgrades.The company's latest trading statement (20 Jul) once again lifted revenue and profit expectations for the financial year to 31 August 2021.Focusrite has done well as musicians,...

Shares in global music and audio products company Focusrite (TUNE:AIM) gained 1.4% to reach a new all time high of £14.25 after upgrading revenue and profit expectations for the financial year to 31 August 2021.The shares have gained 37% since the half year results in February, in line with the increase in consensus earnings estimates, according to Refinitiv, following raised company...

UK stocks rose in early trading on Tuesday, paring some of Monday's steep losses, as investors attempted to balance reopening optimism with an accompanying surge in coronavirus infections.At 8.30, the benchmark FTSE 100 index was up 1.2% at 6,923.64 points, having closed 2.3% lower on Monday, or so-called Freedom Day.Leading the charge were miners, oil producers and banks, all sectors highly...