Questor, Victrex is a Hold. Matchtech is a Buy.
UK to be fastest growing major economy this year according to IMF.
Japan’s Takeda Pharmaceuticals and American Eli Lilly have been told to pay $6bn and $3bn respectively over claims that they concealed a cancer threat in a drug used for diabetes.
Just Eat down as investors start to worry about recent over priced tech shares.
Oaktree sells remaining holding of Stock Spirits.
Investors looking to sue FCA over way it handled the announcement regarding inquiries on old life insurance policies.
Bob Diamond poaches former senior colleague at Barclays to run his banking ventur Atlas Mara.
Aldi and Lidl grab market share from big supermarkets.
Samsung to announce second fall in quarterly profits.
Mothercare down on note from Cantor’s.
Lex, Takeda hit with $6bn fine for concealing that a diabetes drug may have cancer link. Recovery will be hard but can be done. Sports Direct has had a brilliant run over 5 years. Share price is up 1195%,10 times more than the rise in the FTSE general retailers index. But were they down on Mike Ashleys sale or should we be looking as to whether it is now priced at top end. Sudzucker down on falling sugar prices (read across saw AB Foods pff yesterday),but still worth having a go with. Samsung profits down but still good profits from mainly phone sales. Has cash and will have to look at another angle if phone sales do slow more.
Tempus. Victrex, sell on over 20 times earnings. One for the long term investor. Just Eat, retail investors who were unable to buy before the float have no need to rush in now. Dragon Oil, erratic at times and growth to come in at lower end of guidance so no need to pile in now.
W H Smith were being sold yesterday ahead of figures out tomorrow.
Mike Ashley’s sale of 24m shares in Sports Direct at 850p to Goldman Sachs was main cause for the share price to drop 82p to 811p. Unconfirmed rumours are that Goldman’s only placed 5m and that remaining are on their books.
Exchange rates causing problems for Hornby.
Oasis healthcare is buying Smiles Dental in Ireland.
Retailers cut prices on clothes,shoes and electrical goods last month in a battle to attract shoppers.
Aldi and Lidl are gaining market share against the big boys.
Geoff Foster, Stock Spirits down after Oaktree Capital sold its entire holding of 73.7m shares at 275p to institutional investors. Tech shares down yesterday after Nasdaq fell again. Northgate improved slightly after Berenberg gave a buy rating and target price of 650p.
Samsung profits down on competition from other phone makers and a slowdown for hightec hand sets.
Gala Bingo in sights of same US investor who bought Comet just before it went bust creeating 7000 job losses but making his investment vehicle Opcapita £70m.
AB Foods hit yesterday over impact of falling sugar prices.
McColl’s is upping its expansion plans as sales have soared.
Dyson is launching its Dyson Airblade wash tap technology in Japan.
Diageo has teamed up with David Beckham to promote its whisky and launch a new Scottish brand.