Just Eat warns on profits as it burns cash to compete with rivals November 1, 2018 Online takeaway giant Just Eat's share price climbed this morning, despite a warning to investors that efforts to fight off rivals Deliveroo and Uber Eats would take a chunk out of the company's profits. Branching out into markets in Latin America, investing in its own delivery network and acquisitions are likely to weigh on earnings, the FTSE [...]
Ocado to develop 20 new US warehouses in first three years of deal with Kroger October 30, 2018 The terms of Ocado’s landmark deal with US supermarket chain Kroger were unveiled this morning, with the British online grocer set to operate 20 warehouses across the pond in its first three years of the agreement. Ocado's shares were up more than five per cent in early morning trading. Kroger is set to order 20 warehouses, [...]
Market falls: cause for alarm or calm? October 26, 2018 | City Talk Stock markets globally have been falling since the end of September. Economic worries including a potential trade war between the US and China, currency crises in Turkey and Argentina, debt problems in Italy and rising interest rates have seen stocks globally begin to fall from record highs. As the chart shows, since 31 August emerging [...]
Stock market slide continues after Amazon fails to deliver the goods October 26, 2018 The UK stock market slide has continued this morning after disappointing overnight results from US tech giants Google and Amazon. Joshua Mahony, market analyst at IG, said: “European markets are in decline yet again, with the stock market rout that has dominated throughout the month of October showing little signs of letting up.” The FTSE [...]
Audit re-appointments waved through by shareholders despite year of failures in sector October 25, 2018 Shareholders overwhelmingly vote to back the re-appointment of company auditors despite widespread controversies in the sector, new research shows. Analysis of annual general meeting votes in 2018 by outsourcing firm Equiniti has found that the average votes in favour of re-appointing an auditor ranged from 97.6 per cent to 99.5 per cent across the FTSE [...]
Twice as many Johns and Jonathans sit on UK FTSE 100 boards as black or minority ethnic Brits October 25, 2018 There are twice as many people named John or Jonathan on the board of the UK’s biggest firms than there are British black and minority ethnic (BME) directors, according to new research. The statistics, which show that two per cent of FTSE 100 board members are BME – seven times lower than if representation matched [...]
The one-word secret of the greatest investor you’ve never heard of October 24, 2018 | City Talk Type a phrase such as ‘world’s greatest investors’ into Google and Philip Carret’s name is unlikely to crop up. And yet, as the following chart shows, for sheer longevity of success, he is one of just a handful of investors who can be mentioned in the same breath as Warren Buffett. That is why his [...]
FTSE 100 falls to seven-month low amid Europe-wide sell-off of stocks October 23, 2018 The FTSE 100 fell to a seven-month low this morning as a Europe-wide sell-off of stocks saw shares drop 1.1 per cent. The index opened below the 7,000 mark today as investors were rattled by world events including Italy’s expansionary budget, Brexit, Saudi oil prices and a poor run of third quarter results this morning. It [...]
FTSE round up: Unilever boosts index as Easyjet sinks October 19, 2018 The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Reading week picks: Will these two books make me a better investor? October 18, 2018 | City Talk For one whole week this summer, the value investment team I lead at Schroders held its inaugural Reading Week – all heading to our respective homes to read books. To be very clear, great care was taken to ensure no portfolios were left unattended and we could always be contacted. Nor, just in case you [...]