The Synairgen share price was up 27.1% to 33.9p in late afternoon trading on Monday, after the biotech group presented the results of its Phase 3 SPRINTER trial for its SNG001 treatment at the American Thoracic Society (ATS) on Monday. The company reported that its SPRINTER trial failed to meet the primary endpoints of discharge […]

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Synairgen shares have suffered a devastating year after the stock plummeted from 177p to 28p in just a few days in late February this year. The nasty disappointment followed the results of Synairgen’s SNG001 Covid-19 treatment, which failed to meet its primary and secondary efficacy endpoints in its Phase three SPRINTER late stage trial. The […]

The post Will the Synairgen share price ever recover? appeared first on UK Investor Magazine.

Inflation for non-food household goods have hit the highest rate of inflation on record, according to figures from the British Retail Consortium (BRC) and market research firm NielsenIQ. Non-food inflation climbed from 1.5% to 2.2% in April, with the prices of clothing, furniture and children’s toys soaring at the fastest rate on record since tracking […]

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Johnson thinks restrictions will be lifted but adds that “we may need to wait” Up to 75% of all new Covid-19 infections involve the Indian variant according to UK health secretary Matt Hancock. Hancock confirmed that cases were on the rise across the UK, as more than 3,500 new cases were identified on Wednesday. There […]

The post Increase in UK coronavirus cases puts reopening in doubt appeared first on UK Investor Magazine.

Scotland-based brewery and pub chain BrewDog is revelling in the news that the UK’s national lockdown is set to come to an end this summer. The company reported it has had its busiest day for bookings on record after Prime Minister Boris Johnson announced the easing of restrictions in the coming months. Beer gardens are […]

The post BrewDog bookings come to a head appeared first on UK Investor Magazine.

Vaccine passports ‘unlikely’ for those remaining in the UK The UK government is looking at its options around rapid testing for coronavirus as a route to reopening venues where social distancing is unfeasible. “Quick turnaround testing is part of a plan to get mass gatherings back,” one insider said, according to the Financial Times.  Prime […]

The post UK considering rapid testing to allow return of mass gatherings appeared first on UK Investor Magazine.

As the mass Covid-19 vaccination drive continues, new data from Finaria.it has revealed that vaccine developers BioNTech-Pfizer (NASDAQ:BNTX, NYSE:PFE) and Moderna (NASDAQ:MRNA) are set to bank $14.7bn in revenue from sales of their coronavirus vaccines by 2023. The Pfizer-BioNTech candidate made headlines for becoming the first vaccine to be approved for use in the general […]

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The UK Supreme Court has ruled in favour of small firms receiving insurance payouts to cover losses during the first national lockdown in the spring of last year. The ruling means insurance firms will have to pay out on previously-disputed coronavirus business interruption claims totalling at least £1.2bn. Tens of thousands of businesses are expected […]

The post Insurers to pay small firms for lockdown losses appeared first on UK Investor Magazine.

A new report by UK merchant payment provider Dojo has revealed how industries in the UK and beyond have been impacted by the Covid-19 pandemic. The report, which used Yahoo Finance and public Purchase Intent data, analysed and ranked which industries benefited most and least from the “unforeseen changes” in their customers’ lifestyles during the […]

The post The pandemic success stories ripe for investment appeared first on UK Investor Magazine.

Shares at British biotechnology firm Synairgen (LON:SNG) have surged more than 7% after the launch of its new large-scale Covid-19 treatment trial. The Southampton-based company treated its first patient at Hull Royal Infirmary on Tuesday afternoon, using the newly-developed formulation SNG001, which involves the inhalation of a naturally-occurring protein named interferon beta which is believed […]

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Leading UK home builder Redrow (LON:RDW) published its market predictions for the next year on Tuesday morning, projecting a “strong” 2021 and a steady housing demand despite the ongoing coronavirus pandemic. Matthew Pratt, CEO of Redrow, commented: “We are very excited about 2021. We entered our new financial year in a position of strength and, […]

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Through an ongoing global pandemic and a seemingly never-ending Brexit negotiation process, small and medium-sized businesses (SMEs) across the UK have been forced to operate in a climate of uncertainty. Rules and regulations are changing by the day, and as a new strain of Covid-19 emerges and the UK prepares to dive out of the […]

The post Will 2021 be a boom year for UK SMEs? appeared first on UK Investor Magazine.

A new study commissioned by trading broker HYCM has revealed how anxieties surrounding the coronavirus pandemic and Brexit has affected UK investors’ plans for 2021, with the majority believing the true impact on the UK economy will not be seen until next year. The survey was conducted across 885 UK-based investors, all of whom have […]

The post Investors predict worse Covid fallout in 2021 appeared first on UK Investor Magazine.

Speaking in the Commons on Monday, Health Secretary, Matt Hancock, said that the UK government had informed the WHO about a new strain of the Covid virus spreading in southeast England. Discovered by Porton Down Laboratory scientists, the new Covid strain is not currently viewed as more serious than previously-known variants. Mr Hancock added that […]

The post New Covid Strain: should we be worried? appeared first on UK Investor Magazine.

Shares at the world’s second-largest cinema chain, Cineworld (LON:CINE), have rocketed more than 22% on the back of the news that the firm has secured waivers for its debt deadlines until June 2022 and £336 million in new loans to help see it through the remainder of the pandemic. Last week, Cineworld shares took a […]

The post Cineworld shares rocket on securing debt lifeline appeared first on UK Investor Magazine.

Shares at Cambridge-based pharmaceuticals firm AstraZeneca (LON:AZN) have slid over 1% on Monday morning despite the news that their coronavirus vaccine, in collaboration with Oxford University, has proven to be up to 90% effective in interim trial data. Initial results showed the first half dose is able to provide 70% protection against the virus, but […]

The post AstraZeneca share price slides despite positive trial results appeared first on UK Investor Magazine.

New research by travel cash provider Bidwedge has revealed that almost a third of Brits still rely on cash for essential shopping, even as UK retailers opt for card-only payments over concerns that coins and notes could aid the transfer of infectious Covid-19 particles. The survey – conducted across 2,083 UK adults – found that […]

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Pfizer and BioNTech have announced that their coronavirus vaccine was 90% effective in tests, which has caused global shares to surge. The drug companies have said that the vaccine was “found to be more than 90% effective in preventing Covid-19 in participants without evidence of prior Sars-CoV-2 infection in the first interim efficacy analysis.” The […]

The post Who are the winners & losers on latest Pfizer vaccine news? appeared first on UK Investor Magazine.

New surveys of business activity have raised concerns of a pre-Christmas slump due to the latest Covid-19 restrictions. With lockdown 2.0 now in full swing, widespread store closures and thousands back on furlough, business activity has already taken a sharp dive into the negative, according to two separate studies by accountancy firm BDO, and the […]

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Vietnam is one of the few countries which has emerged from the Covid-19 pandemic in relatively good shape. To date, the South-East Asian country has registered just over 1,100 cases and only 35 deaths, thanks to a prompt and proactive response in clamping down on the virus early on in the year, and subsequently its […]

The post Vietnam: How Asia’s blossoming economy tackled the pandemic appeared first on UK Investor Magazine.

British brewery, pub and hotel operator Marston’s plc (LON:MARS) has seen its share price slide nearly 5% after announcing it will cut up to 2,150 furloughed jobs. The government’s wage subsidy scheme is set to wrap up at the end of the month, and with a swathe of British cities facing further coronavirus restrictions which […]

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American multinational medical and pharmaceutical firm Johnson & Johnson (NYSE:JNJ) has seen its shares slip 1.50% on Tuesday afternoon after it announced that its coronavirus vaccine trial has been forced to halt due to the ‘unexplained illness’ of a participant. The company has stated that the volunteer’s illness is currently being assessed by an independent […]

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It appears the public opinion snowball has picked up enough momentum, and the optics look favourable enough for prime minister Boris Johnson to consider a second lockdown, even if it is implemented incrementally. And, while a tragedy for businesses and communities alike, I think the prime minister airs on the side of the prudent majority […]

The post Is a second lockdown the correct approach? appeared first on UK Investor Magazine.

Shares at Swiss pharmaceutical giant Roche (SWX:RO) have remained unfazed by reports of a major supply chain problem, which has affected the distribution of crucial NHS supplies as well as causing a drop in its processing capacity for Covid-19 samples. The healthcare firm has seen its share price rise more than 0.50% on Thursday morning, […]

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Ravaged by more than 8 million Covid-19 cases, and at least 328,000 reported deaths, Latin America’s virus crisis seldom makes the headlines in the UK media, yet it remains the most affected region in the world by the ongoing coronavirus pandemic. ‘The fear for many is that the region has tried to do too much, […]

The post Latin America: is an economic recovery viable? appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

The post UK economy shrivels in record second quarter GDP free-fall appeared first on UK Investor Magazine.

Around the world, pharmaceutical companies and governments are working at record speed to develop a vaccine for the novel coronavirus. There are currently more than 150 potential vaccines in development, with high hopes that an effective product can be introduced to the market within the next year. The demand for a vaccine has increased since […]

The post AstraZeneca and GlaxoSmithKline – the Covid-19 vaccine frontrunners to watch appeared first on UK Investor Magazine.

FTSE 250 listed specialist insurance firm Beazley (LON:BEZ) booked an almost 11% fall in its share price on Tuesday, as it announced it would have to revise its original Covid insurance claims cost estimate, to double its previous prediction. In April, the company estimated that that the cost of Covid claims for its first party […]

The post Beazley shares lead FTSE 250 fallers as it doubles Covid insurance claims estimate appeared first on UK Investor Magazine.

Enjoying a prolonged summer holiday, global equities have finally smelled the coffee, sat up and banged their heads on the Covid second wave reality check. Shedding points at will on Monday morning, the European equities horror show only worsened as the afternoon progressed, as a worse-than-expected Dow Jones open did little but stoke existing anxieties. […]

The post Global equities hit two-month low as Covid second wave anxiety takes hold appeared first on UK Investor Magazine.

London City Airport has become the latest in the aviation sector to announce a swathe of job cuts, amid plans to lay off 239 staff as part of a “crucial restructuring” drive prompted by the coronavirus pandemic. The airport, which is based in East London and serves a largely business clientele, was shut for three […]

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New data presented by Buy Shares has revealed that 14 of the world’s largest banks cumulatively lost $635.33 billion in market capitalisation during the coronavirus pandemic. Some of banking’s biggest names were found to have suffered huge losses, with America’s Wells Fargo down -56.26% in market cap, followed by Spain’s Banco Santander at -46.16%. The […]

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Shares at Cambridge-based biopharmaceuticals firm AstraZeneca (LON:AZN) have begun a modest rally on Monday as the company resumes its high-stakes coronavirus vaccine trial. Clinical trials of AstraZeneca’s joint venture with Oxford University were forced to halt last week after it emerged that an anonymous participant had suffered from an alleged “adverse reaction”. A New York […]

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Shares at Cambridge-based pharmaceutical firm AstraZeneca (LON:AZN) have slipped 1.55% as its coronavirus vaccine trial is put on hold after a participant suffered a suspected adverse reaction. The firm has suspended all clinical trials of its proposed COVID-19 vaccine – which had been in the final stage of human tests – while it routinely reviews […]

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High street Italian chain Pizza Express (HKG:3396) has revealed that it is set to close 73 stores across the UK – jeopardising as many as 1,100 jobs – as part of a major restructuring plan after creditors approved a rescue deal. The brand is owned by Beijing-based Hony Capital, which bought Pizza Express for £900 […]

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Clinical biotechnology firm Destiny Pharma plc (AIM:DEST) has seen its shares soar by more than 14% after the company announced it has received an £800,000 grant from the country’s leading innovation agency Innovate UK to help develop a novel, preventative treatment for COVID-19. The programme will see Destiny Pharma work alongside London-based biotechnology research company […]

The post Destiny Pharma receives grant for Covid-19 treatment, shares soar appeared first on UK Investor Magazine.

Primark owner Associated British Foods plc (LON:ABF) has released its pre-close trading update for the full year ending September 2020, with emphasis on Primark’s “strong” performance in the fourth quarter, despite the looming impact of the coronavirus pandemic on retail sales. All Primark stores across the UK were reopened in staggered phases between May, June […]

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Anglo-Dutch consumer goods conglomerate Unilever (LON:ULVR) has announced its plans to invest €1 billion in cutting out fossil fuel from its cleaning products as part of a move “to transform the sustainability of global cleaning”. The manufacturing giant – which boasts a number of household name brands such as Cif, Domestos, and Persil – stated […]

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With lockdown slowly but surely coming to an end, and the UK government’s furlough scheme set to wrap up in October, the vast majority of employees across the country now face the awkward reality of going back to work in the post-pandemic world. But after months of disruption, returning to normality is not going to […]

The post Back to work: how Londoners feel about the new normal appeared first on UK Investor Magazine.

The price of gold has slipped below the $1,900 per ounce benchmark, reaching a near three-week low of $1,872.19 on Wednesday, while gold futures also slid 2.4% to $1,900. It marks the largest one-day fall since 2013. Just last week, gold prices soared to a record high of $2,075 after sustaining one of its longest […]

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On Wednesday, data collected by the Office for National Statistics (ONS) showing two quarters of consecutive GDP decline confirmed what many have been expecting since the impact of the coronavirus pandemic first struck the economy at the start of the year: the UK is officially in recession. After a record contraction of 20.4% between April […]

The post “Hard times are here” as UK plummets into recession appeared first on UK Investor Magazine.

Dutch-owned food delivery tycoon Just Eat Takeaway N.V. (LON:JET) has published its half-year results, celebrating a 44% increase in revenue to €1 billion and a similarly impressive 34% growth in gross profit to €630 million. Shares at the company have risen more than 4% on the news. Just Eat reported that its adjusted earnings before […]

The post Just Eat shares up as H1 results reveal 44% increase in revenue appeared first on UK Investor Magazine.

British cinema chain Cineworld (LON:CINE) has seen its share price soar more than 30% on Tuesday after a landmark US court decision to lift the Paramount Decree – a sweeping anti-trust law which banned private Hollywood studios from being able to own theatres. What was the Paramount Decree? Essentially an extension of the 1890 Sherman […]

The post Cineworld shares soar 30% after US antitrust law dissolved appeared first on UK Investor Magazine.

Shares at Prudential plc (LON:PRU) have bounced 2.76% after the company released a “resilient” set of half year 2020 results, celebrating a 14% adjusted operating profit across its services in Asia. The British multinational life insurance and financial services firm – based in London and boasting more than 20 million customers – announced that it […]

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Family favourite fast-food pizza chain Domino’s (NYSE:DPZ) has released its interim results for the six months leading up to June 2020. Despite citing “resilient performance during unprecedented trading conditions”, the company’s underlying profits took a major 4.6% hit during the coronavirus pandemic. UK and Ireland system sales reportedly increased 5.5% year-on-year to £628.9 million, with […]

The post Domino’s Pizza posts “resilient” H1 results despite collection-only lockdown appeared first on UK Investor Magazine.

The Saudi state oil group, Aramco, shared its Q2 results on Monday – revealing a 73% dive in net profits. According to the group, the global pandemic has been a challenging period hitting all in the energy sector. Despite the difficult conditions, Saudi Aramco has proved resilience. Net profits from $24.7bn in the same period […]

The post Saudi Aramco is latest oil giant to be hit – profits plunge 73pc appeared first on UK Investor Magazine.

The Bank of England‘s Monetary Policy Committee (MPC) voted on Thursday to maintain its all time low interest rate at 0.1% and leave its target for bond-buying unchanged at £745 billion. Although it looks as if the central bank will hold off on any further stimulus packages or the like to help bolster the UK […]

The post Bank of England sits tight on 0.1% interest rate appeared first on UK Investor Magazine.

Virgin Atlantic – partly owned by British entrepreneur and billionaire Sir Richard Branson – has filed for bankruptcy protection in the US, just weeks after securing a £1.2 billion rescue deal to save the airline from impending collapse. According to Sky News, a US court has heard that Virgin Atlantic is seeking protection under Chapter […]

The post Virgin Atlantic files for bankruptcy protection, warns it is running out of money appeared first on UK Investor Magazine.

High street newsagent WH Smith (LON:SMWH) has become the latest UK retailer to announce a restructuring plan after sales were slashed by the impact of the coronavirus pandemic in the first half of 2020. The firm has reportedly begun to consider axing as many as 1,500 jobs – 11% of its total workforce – primarily […]

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Profits at Direct Line (LON:DLG) fell 9.5% for the first six months of the year down to £236.4m. Blaming a one-off restructuring cost and bad weather, the insurer said that the affects from Coronavirus were “broadly neutral” and that a fall in travel claims was offset by a rise in Motor and Commercial. The group […]

The post Direct Line shares up despite fall in profit appeared first on UK Investor Magazine.

Shares at Europe’s largest bank HSBC (LON:HSBA) have slid nearly 4% on the back of the company’s grim 2020 interim results, outlining an alarming 96% drop in net income in the second quarter, down to just $192 million. The company’s pre-tax profits also plummeted over 80% to $1.1 billion over the same period. Although based […]

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Trying to manage money during a global pandemic is challenge enough, but trying to position yourself as an investor in an uncertain climate is an even greater cause for sleepless nights. The predominant issue here is uncertainty. Not necessarily over what the virus will do next, but the week-by-week adjustments in political policy that are […]

The post Fortune 500 data scientist backs tech rally but gold and bitcoin could see volatility appeared first on UK Investor Magazine.

Bitcoin – the world’s largest cryptocurrency – rose above $10,000 on Monday for the first time in more than 6 weeks, alongside risk asset gold hitting an all-time high of $1,940. According to Bloomberg, Bitcoin opened at $10,169 at 6am in New York, wavered a little in the early trading hours before rallying to $10,335. […]

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Goldentree Asset, Avenue Capital and Goldman Sachs (LON:GS) owned hotel chain Travelodge, has, like many, been near the eye of the storm during the Coronavirus lockdown, with regular trading all but flat-lining. What sets it apart from its hotel counterparts, though, is that its future may be equally problematic. The staycation renaissance may not be […]

The post Two reasons Travelodge backers can expect sleepless nights appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) opened on a sour note on Monday morning, sinking to a low of 6225.11 points at BST 08:25 on the back of slow progress at the EU rescue deal summit and ongoing tensions between the UK and China over Hong Kong and allegations of abuse against Uighur Muslims. EU nations […]

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Marks & Spencer (M&S) will reportedly announce hundreds of job cuts this week. According to a Sky News report, the retailer will be revealing a redundancy plan that may affect thousands of employees. During the lockdown, M&S closed between 100 – 120 stores and furloughed 27,000 of its 78,000 employees. Many of these employees have […]

The post M&S to cut hundreds of jobs in response to pandemic appeared first on UK Investor Magazine.

On Thursday the ONS posted some of its damage assessment statistics for the Coronavirus pandemic, which entailed a relatively understated job loss estimate of under 700,000, as well as detailing the losses of turnover incurred by businesses that continued trading. Where were businesses hardest hit? Country-by-country, Scottish and Welsh businesses fared worst. Around 62% of […]

The post Pandemic sees up to 64% of businesses lose revenue with arts worst hit appeared first on UK Investor Magazine.

British luxury fashion retailer Burberry (LON:BRBY) has seen its share price slip by more than 6% on the back of news that the company is planning to cut 500 jobs as part of its post-coronavirus recovery operation. In a statement included in the company’s first quarter trading update, Burberry said: “In Q1, sales were severely […]

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Cambridge Cognition Holdings plc (AIM:COG), a leading digital neuroscience software development firm, has teamed up with charity 4YouandMe and The Centre for International Emergency Medical Services (CIEMS) to launch a study using mobile phones to assess the stress recovery rates of frontline Covid-19 healthcare workers in the USA. The project is to be funded by […]

The post New virtual study to measure stress in Covid-19 healthcare workers appeared first on UK Investor Magazine.

While some have praised the 1.8% growth in UK GDP in May, it lagged far behind the forecast 5.5% growth for the month, as consumer anxiety began to diminish and businesses readied themselves for the ‘new normal’. In what has been dubbed the biggest economic decline in 300 years, the Office for Budget Responsibility predicted […]

The post UK fiscal sustainability questioned as May GDP growth 3.7% below expectations appeared first on UK Investor Magazine.

Virgin Atlantic is set to announce a £1 billion rescue deal from Atlanta-based financial services firm First Data, in a last-ditch attempt to avoid collapse without relying on taxpayers’ money. The airline, launched in 1984 by British business tycoon Richard Branson, has struggled to stay afloat during the coronavirus pandemic due to almost universal travel […]

The post Virgin Atlantic set to receive £1bn rescue deal appeared first on UK Investor Magazine.

Fashion retailer Primark, an Associated British Foods (LON:ABF) subsidiary, has turned down a £30 million offer from the UK government for bringing back its 30,000-strong furloughed workforce. The high street clothing chain stated that it “should not be necessary” to take the government up on its offer, which includes a £1,000 bonus for each employee […]

The post Primark rejects £30m coronavirus job retention bonus appeared first on UK Investor Magazine.

Airline giant easyJet plc (LON:EZJ) has been accused by prominent pilots’ trade union, the British Airline Pilots’ Association (BALPA), of using staff sickness records to calculate which employees to make redundant as the company pushes ahead with plans to axe 4,500 jobs. The firm is preparing for 727 pilot redundancies as well as shutting down […]

The post EasyJet accused of using sickness records to decide on job cuts appeared first on UK Investor Magazine.

As quarantine rules are relaxed for travellers from dozens of countries arriving in the UK, the airline industry faces a grim few months ahead. The relaxing of lockdown measures around the globe may have seen an initial “explosion” in holiday bookings, but airlines are expecting cautious travellers to opt to stay home for the summer […]

The post Airlines to battle turbulence as quarantine measures ease appeared first on UK Investor Magazine.

The number of Americans applying for unemployment benefits reached 1.314 million in the week ending 4 July 2020 – a grim total compared to the mere 209,000 applications this time last year – according to statistics released by the U.S. Labor Department on Thursday. The figures do, however, come in at fewer than the expected […]

The post US weekly jobless claims better than expected at 1.3 million appeared first on UK Investor Magazine.

High street beauty and pharmacy staple Boots – owned by Walgreens Boots Alliance Inc (NASDAQ:WBA) – has announced plans to axe 4,000 jobs and 48 stores nationwide as it attempts to mitigate the “significant impact” of the coronavirus pandemic. The move is expected to affect around 7% of the company’s workforce, with staff at its […]

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A press release by British engineering giant Rolls-Royce Holding plc (LON:RR) published on Thursday has outlined the company’s £2 billion loan withdrawal to help see it through the tail-end of the coronavirus crisis. Shares at the company have plummeted by more than 8% on the back of the news. Covid-19’s long shadow Rolls-Royce has warned […]

The post Rolls-Royce shares tumble as company seeks £2bn loan appeared first on UK Investor Magazine.

Bus and train operator First Group (LON:FGP) saw their shares dive on Wednesday, as Coronavirus saw the company book a deflated set of full-year results for the period ended March 31. Unfortunately for the UK travel group, their results included March – the month in which the company saw a 90% reduction in passengers. Despite […]

The post First Group books £150m loss as Coronavirus hampers transport sector appeared first on UK Investor Magazine.

The future of Malaysian budget airline, AirAsia (KLSE:AIRASIA), is in ‘significant doubt‘ according to auditing firm Ernst & Young. Prior to the challenges posed by Coronavirus, the company’s liabilities already exceeded its current assets by 1.84 billion ringgit (£340 million). With tight travel restrictions and grounded flights, AirAsia cash flow and balance sheet have been […]

The post AirAsia shares drop 18% with future in ‘significant doubt’ appeared first on UK Investor Magazine.

After a somewhat sore day of trading, global equities were shown mercy with a (very) partial recovery towards the end of the Tuesday session. After being forecast to drop over 200 points, the Dow Jones dipped and then regained ground, down 140 points to 26,147. In the meantime, the S&P 500 and Nasdaq played the […]

The post Global equities stung by US COVID cases and potential second lockdown appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) has dipped 1.54% or 96.70 points on the back of Tuesday’s gloomy Summer 2020 Economic Forecast published by the European Commission (EC), projecting an 8.7% contraction of the economy across the year – significantly worse than the earlier 7.7% prediction from the EC’s Spring Forecast back in May. Despite the […]

The post FTSE retreats nearly 100 points on gloomy European economic forecast appeared first on UK Investor Magazine.

FTSE 100 listed hotel and restaurant franchise and operator of Premier Inn, Whitbread plc (LON:WTB), announced on Tuesday that it planned to bounce back in style, after the lockdown period which perhaps hit hospitality and hotel sectors the hardest. The company said that it had already reopened 270 of its UK hotels and 24 of […]

The post Whitbread looks to bounce back with reopenings and £1bn rights issue appeared first on UK Investor Magazine.

Swedish fashion tycoon Hennes & Mauritz AB (STO:HM-B) – popularly known as H&M – has announced its plans to permanently close 170 stores across Europe, knocking its share price down 1.40%. The move is said to be a response to plummeting sales during the coronavirus crisis, which caused the retail sector to grind to a […]

The post H&M share price slips amid plans to axe 170 stores appeared first on UK Investor Magazine.

Sports and fashion brand JD Sports (LON:JD) booked robust financial performance for the full-year ended February 1 2020, with Coronavirus lockdown since ‘constraining’ the company’s progress. In its full-year results, though, the company were pleased to book a 30% year-on-year revenue bounce, up from £4.7 billion to £6.1 billion, while like-for-like sales in Sports Fashion […]

The post JD Sports saw yearly revenues spike 30% before lockdown appeared first on UK Investor Magazine.

Residential property developers Barratt Developments plc (LON:BDEV) have announced that they are set to begin the new financial year with “cautious optimism” on the back of surprisingly resilient trading figures, and intend to pay back a total of around £25 million in furlough fees as it welcomes back its staff. The company’s share price has […]

The post Barratt Developments shares rally as company announces it will repay £25m in furlough fees appeared first on UK Investor Magazine.

Chancellor Rishi Sunak is expected to announce a ‘mini budget’ on Wednesday, in which he will propose a stamp duty holiday, similar to the proposal made by former Chancellor Phillip Hammond in 2017. The move is expected to see the raising of the initial stamp duty threshold from £125,000 to as much as £500,000, in […]

The post Sunak to announce stamp duty holiday for properties under £500k appeared first on UK Investor Magazine.

Coffee and sandwich chain Pret A Manger is set to close 30 of its 410 UK stores – jeopardising at least 1,000 jobs – as the company prepares to navigate the post-coronavirus high street. The company has warned that the impact of the pandemic has forced it to make a “difficult decision”. The eye of […]

The post Pret A Manger to close 30 stores due to “significant operating losses” appeared first on UK Investor Magazine.

The UK government has announced that it is set to spend £400 million on a stake in bankrupt satellite firm OneWeb, as part of its post-Brexit plan to replace the loss of access to the EU’s Galileo sat-nav system. OneWeb declared itself bankrupt back in May after the company racked up $2 billion in debt, […]

The post UK injects £400m stake into failed satellite firm OneWeb as part of UK-EU space race appeared first on UK Investor Magazine.

The US Labor Department announced a non-farm payroll jump in June, with a monthly all-time-high of 4.8 million jobs created. This surge was led by the reopening of factories and restaurants, and far surpasses both the 2.5 million joining the labour market in May, and the 3 million forecast for new jobs in June. The […]

The post US created record 4.8m jobs in June but Eurozone led the equities charge appeared first on UK Investor Magazine.

Government sources have suggested that dozens of countries are to be made exempt from the current compulsory 14-day quarantine period upon arriving in the UK. Last week saw a surge in holiday bookings as rumours began to swirl that the Foreign Office is set to relax its standing “essential travel only” advice to allow for […]

The post Booking surge buoys travel industry as quarantine rules to be lifted appeared first on UK Investor Magazine.

The UK’s High Court has ruled against the Venezuelan government in a legal battle over access to $1 billion worth of gold currently held by the Bank of England. Incumbent president Nicolás Maduro launched legal action against the Bank when it refused to hand over the gold, following opposition leader Juan Guaidó’s warning that it […]

The post UK High Court rules against Nicolás Maduro in row over Venezuelan gold appeared first on UK Investor Magazine.

Italian high street staple Prezzo has become the latest restaurant chain to seek out a buyer, as the dining industry looks set to emerge from the coronavirus crisis with a slew of bankruptcies and widespread job losses. Prezzo has reportedly asked corporate advisors FRP Advisory to orchestrate an auction of the chain as its 180 […]

The post Prezzo begins sale process as the latest chain struck by coronavirus crunch appeared first on UK Investor Magazine.

Clothing retailer Primark saw a large knock to its first half profits due to Coronavirus and its lack of online presence. Despite this and upon publishing its results on Thursday, parent company Associated British Foods (LON:ABF) enjoyed a healthy share price rally. The company noted that its revenues had contracted 75% year-on-year for the three […]

The post Primark owner AB Foods shares rally despite quarterly profits dipping 75% appeared first on UK Investor Magazine.

The FTSE 100 index (INDEXFTSE:UKX) has dipped this afternoon by 1.16%, despite being on course to record its best quarter since 2010, at the tail-end of the financial crisis. Ongoing concerns surrounding coronavirus have weighed heavily on markets for the past few weeks, and PM Boris Johnson’s announcement of a New Deal-style spending spree has […]

The post FTSE slips while US markets rally – a mixed bag for global equities appeared first on UK Investor Magazine.

Cineworld Group plc (LON:CINE) has announced that it will postpone the reopening of its UK and US cinemas until 31st of July, citing a lack in new film releases. The company had previously stated that all of its transatlantic sites would be able to open from the 10th of July. In a company statement, Cineworld […]

The post Cineworld shares stable as reopening date postponed until July 31st appeared first on UK Investor Magazine.

The Royal Dutch Shell PLC (LON:RDSA) share price has slipped by 2.34% just before lunchtime on Tuesday as the company warns that the historic slump in oil prices could reduce the value of its assets by as much as $22 billion. A tumultuous few months for the oil industry look set to have a lasting […]

The post Shell share price slips amid warnings of $22 billion slash to assets value appeared first on UK Investor Magazine.

British burger chain Byron Hamburgers Limited – also known as Byron Burger – is currently embroiled in last-ditch negotiations with buyers after its private equity owners filed a notice for bankruptcy this afternoon. The hope is that a “pre-packed” administration deal will attract bidders to buy up either the brand name or a number of […]

The post Byron Burger seeks buyer as it teeters on the brink of administration appeared first on UK Investor Magazine.

Shale gas drilling powerhouse Chesapeake Energy Corporation (NYSE:CHK) has filed for bankruptcy, sending its share price down 7%. The Oklahoma-based fracking pioneer has racked up debts of $9 billion as well as a notorious reputation for its negative environmental impact – the company is ranked the 90th most polluting business in the world. Chesapeake has […]

The post Chesapeake Energy share price plummets as company files for administration appeared first on UK Investor Magazine.

UK prime minister Boris Johnson spoke on Times Radio on Monday, and stated that the UK would face “bumpy times” and that Coronavirus had been an “absolute nightmare” for the country. Aside from the inevitable discussion about the government’s handling of the pandemic, there was also talk about whether Mr Johnson would stay true to […]

The post Boris Johnson to double down on Keynesian spending post Coronavirus appeared first on UK Investor Magazine.

UK Prime Minister Boris Johnson has vowed to spend billions of pounds to rescue the economy, as the country fast approaches a looming economic fallout in the wake of the coronavirus pandemic. Early on Sunday, Johnson took to Twitter to announce his plans to build the country’s way “back to health”. In an interview with […]

The post Boris pledges billions to rescue economy – but is it destined to be yet another broken promise? appeared first on UK Investor Magazine.

The UK’s Chancellor of the Exchequer Rishi Sunak has warned that there are “tragic projections” for unemployment in the months ahead in a dire reflection on the impact of the coronavirus pandemic on the UK economy. Scrambling to recover Despite the success of the government’s furlough scheme and the much-needed boost from the Bank of […]

The post Sunak warns “tragic projections” for unemployment appeared first on UK Investor Magazine.

A set of newly-released figures by the Society of Motor Manufacturers and Traders Ltd (SMMT) demonstrate the devastating impact that the coronavirus pandemic has had on the automotive manufacturing industry. Car production was down 95.4% in May 2020 on the previous year, with just 5,314 cars produced compared to 116,035 during the same month in […]

The post UK car production down 95% as Covid “decimates” industry appeared first on UK Investor Magazine.

Shopping centre landlord Intu (LON:INTU) saw its shares go into free-fall as it announced on Friday that it had put KPMG administrators on standby. It follows the company’s failure to reach a ‘standstill’ agreement with its lenders, which it had hoped to have achieved by Wednesday. The company operates 17 major shopping centres around the […]

The post Intu shares dive 55% on administration fears – 17 shopping centres at risk appeared first on UK Investor Magazine.

British supermarket chain Tesco plc (LON:TSCO) announced on Friday that it had booked impressive first quarter financials, led by significant growth in online activity and deliveries. The company said that first quarter sales rose 8.2% across the UK and Ireland, and up 7.9% across all of its operations, up to £13.38 million. It added that […]

The post Tesco books 8% sales growth as Coronavirus leads online shopping boom appeared first on UK Investor Magazine.

UK favourite sandwich shop Pret A Manger has told landlords it is in “the eye of the storm” as it faces losses of “tens of millions of pounds” due to the coronavirus pandemic and prepares to pay only 30% of its quarterly rent. In a letter sent to landlords this week, Pret chief executive Pano […]

The post “Eye of the storm” for Pret as sales plummet 80% appeared first on UK Investor Magazine.

Oil prices slipped below $38 per barrel on Thursday as US crude stockpiles swell and fears of a second wave of coronavirus mount across the pond. US benchmark West Texas Intermediate (WTI) dropped to $37.57 at GMT 12:30, having tumbled from a high of $38.46 during the early hours of the morning. Its decline was […]

The post Oil prices slip amid swelling stockpiles and coronavirus fears appeared first on UK Investor Magazine.

The International Monetary Fund (IMF) has announced that the global economy will suffer a $12 trillion hit as a result of the coronavirus pandemic, according to new analysis released as part of the organisation’s June 2020 World Economic Outlook update. Some of the report’s grim projections include a 4.9% shrink in the global economy over […]

The post IMF says coronavirus crunch worse than predicted appeared first on UK Investor Magazine.

A new report, Manufacturing and Brexit, published by UK-EU think tank UK in a Changing Europe has outlined the extraordinary impact that Brexit is expected to have on the manufacturing sector, just as the industry fights to overcome the challenges posed by the coronavirus pandemic. The research, collated by the Economic and Social Research Council […]

The post Brexit poised to wreak havoc on manufacturing appeared first on UK Investor Magazine.

Everyman Media Group (LON:EMAN) announced that it would be reopening its venues from the 4th of July, in line with the government’s permitted reopening of restaurants, bars and cinemas. The company said that it will reopen the entirety of its venues throughout the month. The relaunch will begin on July 4th, but the group said […]

The post Everyman cinemas back in July with big titles and new flagship venue appeared first on UK Investor Magazine.

The FTSE 100 (INDEXFTSE: UKX) surged by 81 (1.3%) points to reach 6,326 at its peak on Tuesday after PM Boris Johnson announced further lockdown easing measures and reports indicate that the UK’s economic activity is beginning to pick up. Markets were buoyed by good news on Tuesday, but the long-term implications of the coronavirus […]

The post News round-up – markets rally as lockdown eases appeared first on UK Investor Magazine.

A rare story of financial success emerged during the Coronavirus chaos, with musical instrument and equipment retailer Gear4music (AIM:G4M) watching their shares spike on an impressive set of full-year results. For the 12 months ended 31 of March, the company booked a 9% year-on-year jump in revenues, up to £120.3 million. This led a 16% […]

The post Gear4music shares bounce 21% as annual earnings more than double appeared first on UK Investor Magazine.

Supplier of advanced composite material kits to the aerospace market, Velocity Composites (AIM:VEL), saw their losses widen year-on-year as Coronavirus hits the airline sector. The company saw its revenues fall from £12.2 million to £9.5 million on-year for the first half. This led a switch from an adjusted EBITDA of £0.2 million for the six […]

The post Velocity Composites shares rally despite demand falling by 75% appeared first on UK Investor Magazine.

The Society of Motor Manufacturers and Traders state that there is a ‘critical need’ for help as it claims up to one in six car industry jobs will be at risk as the furlough scheme comes to an end. With one in three staff still on furlough across the industry – and with this support […]

The post UK car industry warns one in six jobs at risk appeared first on UK Investor Magazine.

The Dow Jones had a tough time deciding where it wanted to go after the bell, with US housing market news neither going one way or the other. After dropping over 150 points, the index bounced, fluctuated and now sits 0.34% up at 25,959 points. The confusion began with the headline that monthly home sales […]

The post Dow Jones flattened by housing market mixed messages appeared first on UK Investor Magazine.

The CBI noted that UK factory output had fallen at its fastest pace since records began in 1975, during the first three months of the year. The pressure group stated that 360 firms responded to their survey between late Mate and mid June, and of that number, an unsurprising 74% said they had produced less […]

The post CBI states UK factory output fell at fastest rate since records began appeared first on UK Investor Magazine.

Bank of England governor Andrew Bailey candidly revealed the true extent of the impact of the coronavirus pandemic on the UK economy, admitting that Britain reached the brink of insolvency in the early stages of the outbreak. If the Bank had not intervened, the government would have faced a “market meltdown” and struggled to fund […]

The post BoE Governor says UK was on brink of insolvency appeared first on UK Investor Magazine.

The FTSE 100 (INDEXFTSE: UKX), DAX (INDEXDB: DAX) and CAC 40 (INDEXEURO: PX1) all opened with an underwhelming performance on Monday morning, dropping over 1% as markets responded to mounting fears of a second wave of coronavirus. By mid-morning, both the DAX and the CAC 40 had recovered, up 0.4% – however the momentum trailed […]

The post FTSE 100 wavers amid fears of coronavirus second wave appeared first on UK Investor Magazine.

The UK government’s debt has exceeded the size of the economy for the first time since 1963, following a record £55.2 billion of government borrowing during May. In the last year, UK debt has risen to a total of £1.95 trillion – 100.09% of GDP – joining the likes of the USA and Japan in […]

The post UK debt exceeds GDP for first time since 1963 appeared first on UK Investor Magazine.

On Thursday the Bank of England announced it would extend its bond-buying programme by £100 billion, in a bid to support the UK economy through the Coronavirus pandemic. The move sees a continuation of the bank’s quantitative easing, which began at £200 billion in 2009, and after today’s announcement stands at £745 billion. It follows […]

The post Bank of England £100bn stimulus – what are the pros and cons of QE? appeared first on UK Investor Magazine.

Tesco PLC (LON: TSCO) announced on Thursday the sale of its business in Poland to Salling Group A/S, Denmark’s largest retailer, in a move intended to capitalise on Tesco’s stronger market position and good growth prospects in Central Europe. Back in early March, Tesco also announced the sale of its Thai and Malaysian business unit, […]

The post Tesco to sell Polish stores in bid to focus on Central Europe appeared first on UK Investor Magazine.

Hornby (LON:HRN) invoked the spirit of its founder and the company’s history – having lived through economic crises and wars – in its full-year results published on Thursday. This was line the company chose to tow, anyway, having booked improved year-on-year financial performance. The company said it had shown resilience while recording a jump in […]

The post Hornby ‘came out fighting’ – losses narrow despite pandemic appeared first on UK Investor Magazine.

PR-focused software-as-a-service provider Access Intelligence posted an all-round positive first half, with good progress across its fundamentals and swift action to adapt to Coronavirus trading. The company’s main source of bragging rights was its £1.04 million Annual Contract Value, which was led by strong renewal rates, and was more than double the £0.45 million for […]

The post Access Intelligence sees contract value double during the first half appeared first on UK Investor Magazine.

The Bank of England has announced that it will pump an additional £100 billion into the UK economy to help offset the impact of the coronavirus pandemic. The bank’s Monetary Policy Committee (MPC) voted by an 8-1 majority to increase the target stock of UK government bonds – a continuation of the previous £200 billion […]

The post BoE unveils £100bn stimulus package to boost economy appeared first on UK Investor Magazine.

On the one hand stimulus hopes and Coronavirus treatments, on the other hand geopolitical tensions and a looming second wave. Global equities certainly weren’t short of things to consider on Wednesday, but rather had trouble dealing with contradictory news and mixed sentiments. On one side, markets were running off of the steam of Tuesday’s Fed-based […]

The post Tensions, stimulus and Coronavirus leave global equities caught in two minds appeared first on UK Investor Magazine.

Immunodiagnostic Systems (AIM:IDH) posted healthy full-year results on Wednesday, despite reduced lab testing capacity. The group booked revenue of £39.3 million, up 2% year-on-year. More impressively, though, the company’s adjusted shares jumped from £4.8 million to £6.1 million, up 26% on-year. The situation was equally positive for Immunodiagnostic Systems shareholders, with adjusted EPS hiking 208%, […]

The post Immunodiagnostic Systems boasts 26% earnings growth appeared first on UK Investor Magazine.

A “debt nightmare” is brewing for UK families, according to a survey by the Joseph Rowntree Foundation (JRF) and Save the Children. The report revealed that 60% of families on universal credit have been forced to borrow money due to the impact of the coronavirus pandemic, resorting to payday loans or credit cards to cover […]

The post “Debt nightmare” brewing for families on Universal Credit appeared first on UK Investor Magazine.

The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

The post UK inflation slips to four-year low in May appeared first on UK Investor Magazine.

The Labour party has called for an emergency budget to be released this summer in anticipation of soaring unemployment levels once the government’s furlough scheme is fully terminated in October. Shadow Chancellor Anneliese Dodds has urged Rishi Sunak to deliver a “full budget” aimed at preventing unemployment, improving skills training and giving more substantial support […]

The post Labour urges Sunak to deliver emergency budget appeared first on UK Investor Magazine.

The UK’s largest bakery chain Greggs (LON:GRG) announced that on Thursday, it would be expanding the number of its site reopening for takeaway services to 800, alongside publishing the rest of its provisional plan of action. The company said that recent trials of gradual shop reopenings had been successful. Their trials included operational changes such […]

The post Greggs to reopen 800 stores for social distancing sausage rolls appeared first on UK Investor Magazine.

BP plc (LON:BP) is to slash $17.5 billion off the value of its oil and gas assets following grim projections of the impact of the coronavirus pandemic on global oil demand. Just last week, the company announced plans to cut up to 10,000 jobs by the end of the year, representing nearly 15% of its […]

The post BP to slash $17.5 billion off oil and gas assets appeared first on UK Investor Magazine.

The world’s second largest cinema chain Cineworld (LON:CINE) saw its share price bounce over 4% on Tuesday, as it announced its anticipated reopening dates for cinemas across its international operations. The company said that with big box office candidates such as Mulan and Tenet being confirmed for release in the coming weeks, it was pleased […]

The post Cineworld shares rally as it announces social distancing cinema from July 10 appeared first on UK Investor Magazine.

An open letter backed by 90 firms was sent to PM Boris Johnson, stating that if social distancing remains in place, they will need support in the form of tax, rent and other rebates, to avoid mass closures and job losses. The letter was organised by Deliveroo, and was signed by partner restaurants Itsu and […]

The post Restaurant chains predict mass redundancies without government support appeared first on UK Investor Magazine.

With many employees returning from furlough, and with shops opening for the first time in months on Monday, questions are being asked about the ability of high street retailers to pick up steam as lockdown restrictions are loosened. Offering diverging accounts of the situation for companies post-quarantine were Fortnum and Mason CEO Ewan Venters, and […]

The post Should retailers celebrate a busy high street post lockdown? appeared first on UK Investor Magazine.

Rishi Sunak, a young and charismatic Chancellor, and one of the few members of the government to see their stock rise during the Coronavirus crisis. But why should we be interested in Mr Sunak, and more importantly, should we get used to seeing him on our TV screens? After six years in politics, he moved […]

The post Rishi Sunak – Boris Johnson’s crown jewel or dagger in the back? appeared first on UK Investor Magazine.

UK fresh food provider Bakkavor plc (LON:BAKK) issued a tentative update at the end of the week, stating that its sales were stable, and were even beginning to improve. The company said that its Chinese business had been ‘severely’ impacted by Coronavirus in January, while a positive start to the year in its UK and […]

The post Bakkavor sales steadily increase after Coronavirus challenges appeared first on UK Investor Magazine.

The UK economy nosedived 20.4% in April 2020 in the largest monthly fall since records began, according to the Office for National Statistics (ONS). The report described the impact of the coronavirus pandemic as a “significant shock” to the economy, citing the dramatic fall in GDP and “record broad-based falls in output for production, services […]

The post UK economy shrinks record 20.4% in April appeared first on UK Investor Magazine.

British Airways, owned by International Consolidated Airlines Group (LON:IAG), has resorted to selling some of its multi-million pound art collection in order to raise money as airlines continue to struggle against the economic impact of the coronavirus pandemic. Thursday afternoon saw the company’s share price plummet by 8.8%. More than 10 pieces from the collection, […]

The post IAG British Airways dips 8.8% – sells art collection to stay float appeared first on UK Investor Magazine.

Despite the rough end to the year caused by Coronavirus, renewables asset management company JLEN (LON:JLEN) reported on its ability to remain a dependable source of income for its investors, and on recent additions to its portfolio, in its full-year results published on Thursday. The company reported that power price forecasts had driven down its […]

The post JLEN offers attractive income despite Coronavirus crunch appeared first on UK Investor Magazine.

On Thursday, American President Donald Trump characteristically took to Twitter to express his rejection of the Federal Reserve’s grim economic forecast, as the FTSE 100 sank 3% to 6,132 during afternoon trade amid concerns over the longer-term impact of the coronavirus pandemic. Claiming that the Federal Reserve is “wrong so often”, Trump’s tweet comes a […]

The post Trump claims Fed “wrong so often” in the face of dire 2020 forecast appeared first on UK Investor Magazine.

After falling bellow 27,000 points on Wednesday, the Dow Jones followed the FTSE in making notable losses during Thursday trading. This followed a series of bleak Coronavirus updates and the painful Fed and OECD projections double-whammy. During the Thursday session, the US market had to contend with the news that an additional 1.542 million Americans […]

The post Dow Jones dives 1,900 points as US unemployment claims hit 44 million appeared first on UK Investor Magazine.

U.S. banking giant The Goldman Sachs Group, Inc. (NYSE:GS) has been forced to turn away customers from its easy-access online savings account, Marcus, after a £21 billion surge in deposits threatened to overtake regulatory limits. The company decided to temporarily halt new applications following fears it would reach the Bank of England’s £25 billion cap, […]

The post Savings surge forces Goldman Sachs to close Marcus to new clients appeared first on UK Investor Magazine.

FTSE 100 construction company Taylor Wimpey showed its desire to return to business as usual, as it announced gradual returns to regular construction work alongside some areas of healthy activity. The company said that the entirety of its staff had returned from furlough, while the majority of its English and Welsh sites had resumed regular […]

The post Taylor Wimpey construction resumes as employees return from furlough appeared first on UK Investor Magazine.

British pharmaceutical company AstraZeneca (LON:AZN) has stated that it will begin producing doses of its potential Coronavirus vaccine, while awaiting the results from its new treatment’s trials. Astrazeneca Chief Executive Pascal Soriot, told BBC Radio 4’s Today programme, “We are starting to manufacture this vaccine right now. “And we have to have it ready to […]

The post AstraZeneca pledges to mass produce potential Coronavirus vaccine appeared first on UK Investor Magazine.

The Dow Jones ended the week with another giddy rally, following another set of more-positive-than-expected data on employment. The index bounced 700 points after the bell, briefly touching the 27,000 point mark last seen at the end of February – a far-cry from the sub-18,200 point nadir suffered at the end of the March. “In […]

The post Start of June defined by triple-point Dow Jones rally & non-farm payroll rise appeared first on UK Investor Magazine.

Running on a precarious combination of national solidarity and political incompetence, the UK’s Coronavirus outlook ended the week much the same as it began. There is a lack of clarity, a lack of optimism, and we still seem far behind our peers in dealing with the virus. Any hope of enforcement? On Friday, Home Secretary […]

The post UK and Coronavirus – reviewing a difficult week for Boris’s government appeared first on UK Investor Magazine.

The Dow Jones enjoyed a bright start to the session, rallying 400 points to 24,600 points. This was led by some ‘solid’ earnings, lingering vaccine optimism and hopes of further Fed stimulus in coming weeks, and came despite what many pundits described as the ‘Moderna (NASDAQ:MRNA) shuffle’ – the fluctuating price of the stock since […]

The post Dow Jones keen to rebound after Moderna vaccine doubts appeared first on UK Investor Magazine.

Associated British Foods PLC (LON:ABF) have told shareholders that their Primark retail business could face significant bruising from the ongoing coronavirus pandemic – in an update published this morning. “Our priority continues to be the health and safety of our colleagues, customers and partners. Each of our businesses are closely monitoring the current and potential […]

The post Associated British Foods feel coronavirus effect, as Primark sales stumble appeared first on UK Investor Magazine.

Buckle up! Normally we dole out quaint titles like ‘Black Monday’ to mark the pinnacle of a market peak or trough, before some sort of consolidation. Well, in that case, we’ve thrown out convention. Thursday marked the most drastic losses for the FTSE since 1987, bringing it down 9.3%. The index now clings on for […]

The post Coronavirus crash continues: FTSE books worst session since 1987 appeared first on UK Investor Magazine.

Novacyt SA (LON:NCYT) have seen their shares bounce, as the firm gave an update on its’ coronavirus testing kit. The firm said that its coronavirus test kit, which has been developed by Primerdesign, its molecular diagnostics division, have invested a significant increase in manufacturing capacity following strong demand. Novacyt noted that as of March 11, […]

The post Novacyt shares bounce as coronavirus test kit develops appeared first on UK Investor Magazine.

WH Smith Plc (LON:SMWH) have given shareholders an update on its first half trading and the impact of the coronavirus. The high street retailer said that across the first half of its’ financial year – which ended on February 29, group total revenue had jumped 7%, however on a like for like basis revenue had […]

The post WH Smith shares crash as coronavirus could have significant impact on results appeared first on UK Investor Magazine.

The Chancellor of the Exchequer, Rishi Sunak has unveiled the latest budget by the government this afternoon. Over the last few weeks, the global population have been trying to combat the ongoing coronavirus epidemic. Since its initial spread, the coronavirus has affected Europe in a manner which is larger than anticipated. Italy seem to have […]

The post Rishi Sunak unveils new budget plans to mitigate coronavirus impact appeared first on UK Investor Magazine.

Future plc (LON:FUTR) have remained confident that their annual results will not be impacted by the current epidemic of coronavirus. The firm noted that it has decided to cancel two of its’ biggest events, which are e Photography Show and Homebuilding & Renovating Show. Both these events had been scheduled for March however the Photography […]

The post Future remain confident that COVID-19 will not hurt profit levels appeared first on UK Investor Magazine.

Wizz Air Holdings PLC (LON:WIZZ) announced yesterday that they have suspended flights to Italy and Israel. Many travel businesses are facing the full force of the coronavirus epidemic – and airline carriers have seen their shares in red since the outbreak of COVID-19. Wizz Air have made ensured efforts to try and limit the impact […]

The post Wizz Air suspend travel to Italy and Israel appeared first on UK Investor Magazine.

The Bank of England have decided to cut interests rates in an emergency move to combat the current coronavirus epidemic. Legislators at the Central Bank decided to lower interest rates from 0.75% to 0.25% – a large cut considering increments are normally made in steps of 0.25% either way. The current state of affairs with […]

The post Bank of England cuts interest rates to combat coronavirus impact appeared first on UK Investor Magazine.

After the leap year horror show took its fair share of casualties, global equities were keen to defiantly claw back ground, only to be halted as Coronavirus fears gripped the hearts of investors once again. Despite becoming apt at finding any source of optimism to grab onto, markets were knocked back into correction mode on […]

The post Equities gains unravel on prevailing Coronavirus fears appeared first on UK Investor Magazine.

Saga PLC (LON:SAGA) have seen their shares crash on Thursday afternoon, as the firm gave an update on its operations. The financial services provider said that the current situation with the coronavirus has been affecting results. However, Saga noted that the impact cannot yet be quantified – but did note that cancellations and lower bookings […]

The post Saga unable to fully assess coronavirus impact appeared first on UK Investor Magazine.

The FTSE 100 has received a bruising over the last few weeks, as the coronavirus has continued to take its’ toll on global markets. Data from the FTSE Russell confirmed that there had been some shifts within the FTSE 100. Three big names in Kingfisher plc (LON:KGF), TUI AG (LON:TUI) and NMC Health PLC (LON:NMC) […]

The post FTSE 100 promotions and relegations – TUI, NMC and Kingfisher all demoted appeared first on UK Investor Magazine.

IG Design Group PLC (LON:IGR) have told the market that they have not been materially impact by the outbreak of the coronavirus. The firm did note that they do have operations in China, but production volumes are set to rise over the next few weeks. The firm said: “The Group is closely monitoring the developments […]

The post IG Design unaffected by coronavirus, and remain confident to meet expectations appeared first on UK Investor Magazine.

Wizz Air Holdings (LON:WIZZ) have told the market that they have taken some precautionary measures to limit the impact of the coronavirus. Last week, British stocks faced a bruising after reports suggested that the coronavirus was in the UK and also had reached Italy. There was no surprise that airline stocks had received the largest […]

The post Wizz Air announce measures to limit coronavirus impact appeared first on UK Investor Magazine.

Hostelworld Group PLC (LON:HSW) have seen their shares crash on Wednesday following speculation over the coronavirus impact. The hostel booking firm cut its payout as earnings also fell, whilst adding that the ongoing coronavirus issues have caused treading to decline. Hostelworld said that across 2019, revenue was 1.7% lower from €82.1 million to €80.7 million. […]

The post Hostelworld shares crash 10% following coronavirus speculation appeared first on UK Investor Magazine.

Coronavirus hasn’t yet had its fill of using equities, assets and national economies as chew toys, and will almost certainly weigh on people and capital the world-over, for a good chunk of 2020. One asset class I can’t help but feel sorry for (in the midst of the biggest dips since 2008) are sustainable and […]

The post Sustainable Investment vs Coronavirus: stay the course & think long-term appeared first on UK Investor Magazine.

Last week the UK Investor Magazine attended the OenoFuture investor evening, which treated guests to a wine tasting, masterclasses and a seminar on fine wine investment delivered by wine expert and Oeno CEO, Daniel Carnio. Set against the jolly backdrop of aperitivo and the City skyline, the message at the core of the event was […]

The post Can investing in fine wine see us through market uncertainty? appeared first on UK Investor Magazine.

Best satirised by the FT, the G7 meeting today was all bun and no filling. Some of the brightest and best minds in economics convened to devise a plan of action to deal with the crippling effect Coronavirus has had on equities and national economies the world-over. It’s fair to say the outcome was about […]

The post Impromptu Fed rate cut compensates for lack of G7 Coronavirus action plan appeared first on UK Investor Magazine.

Budget airline carriers, Wizz Air Holdings (LON:WIZZ) and Ryanair Holdings (LON:RYA) hav released their monthly passenger figures. 2020 has been a tough year for the airline industry. The ongoing coronavirus epidemic has meant that many travel restrictions have been enforced, and rivals such as IAG (LON:IAG) have suspended flights both ways into China. Following the […]

The post Ryanair and Wizz Air release February passenger figures appeared first on UK Investor Magazine.

The UK’s construction PMIs recovered from a slow start to 2020, with its best monthly performance since 2015. The ‘Boris bounce’ describes an influx of demand for housebuilding and commercial building work since the breaking of the political deadlock last December, with the highest rate of new construction orders since 2015. This brought about the […]

The post Can ‘Boris bounce’ in construction PMIs withstand Brexit & the Coronavirus crunch? appeared first on UK Investor Magazine.

After inklings of monetary policy responses began trickling out of central banks over the weekend, in an effort to fight the effects of the Coronavirus threat, the huge rallies enjoyed during the Monday session were somewhat hampered by the best efforts of international organisations. The WHO fulfilled its usual obligation – remind everyone the situation […]

The post Market recovery hangs in the balance despite Dow Jones mega rally appeared first on UK Investor Magazine.

Intertek Group plc (LON:ITRK) have seen their shares in green, following a steady set of final results. Shares in Intertek Group trade at 5,434p (+2.07%). 3/3/20 12:16BST. The firm noted that its’ profit was higher in 2019, as divisional growth proved strong and the profits were boosted by an acquisition late in 2019. The quality […]

The post Intertek see higher profits in 2019, but speculate over coronavirus impact appeared first on UK Investor Magazine.

Oil prices have extended their gains across the Tuesday session, following a busy week for commodities and global markets. There have been expectations that central banks could inject a fiscal stimulus to offset the recent impact of the coronavirus, which led to the FTSE 100 dropping to a twelve month low last week. Global ministers […]

The post Oil prices extend gains on Tuesday as OPEC+ plan further cuts appeared first on UK Investor Magazine.

The UK Government have announced their plans to tackle to ongoing coronavirus epidemic. The coronavirus has been haunting the globe for the last few months, and since the outbreak at the end of December – the situation has vastly escalated. Last night, I was watching the news – when I suddenly realized that the death […]

The post UK Government announce plans to tackle coronavirus appeared first on UK Investor Magazine.

Amazon (NASDAQ:AMZN) have confirmed yesterday that two employees in Milan have caught the coronavirus. The two employees who have tested positive for COVID-19, have been placed under quarantine, Amazon added. 2020 has not exactly been the best start to the decade for global business and trading. The ongoing saga of the coronavirus still continues to […]

The post Amazon report two cases of coronavirus in Milan appeared first on UK Investor Magazine.

Finablr PLC (LON:FIN) have told the market that its results could be affected by a malware attack and the ongoing coronavirus epidemic. Just before the turn of the New Year, Finablr saw their subsidiary business Travelex face an attack with a software virus. Following this attack, the firm had to conduct its business manually which […]

The post Finablr warn that results could be affected by coronavirus and malware attack appeared first on UK Investor Magazine.

Blue-chip oil extraction and refinement company Royal Dutch Shell (LON:RDSB) has long been known as a reliable sit and hold stock, but recently the company has been at the forefront of the Coronavirus-led commodities crash, with its share price falling at a rate not seen since the start of 2015. Value for money The company’s […]

The post 3 reasons it’s the best time to buy Shell shares since 2015 appeared first on UK Investor Magazine.

With the seemingly unshakeable Coronavirus working its way across Europe, the FTSE was the worst-hit casualty of a hauntingly bad session for global equities. After spending most of the last month behind its peers, the FTSE spent a few days leading the pack (in recovery mode), before blazing a trail in the opposite direction during […]

The post Coronavirus & commodities carnage knocks FTSE down to 12 month lows appeared first on UK Investor Magazine.

Playtech PLC (LON:PTEC) shares are in red, as the firm issued a warning over its 2020 results. The online gambling firm said that the coronavirus could bruise results for 2020, as profits also fell in 2019. Playtech also released their final results for 2019. Revenues across the yearly period totaled €1.51 billion, seeing a 22% […]

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Bakkavor Group Plc (LON:BAKK) have seen their shares dive, as the firm issued a warning over its profit levels. The FTSE 250 listed company told the market that profits had dropped 44% in 2019, and ongoing issues with the coronavirus are continuing to take a toll on business. The firm said regarding the coronavirus situation […]

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SSP Group PLC (LON:SSPG) are the latest firm to tell the market that their results and performance will be hindered by the outbreak of the coronavirus. The food and drinks brand have specific operations at travel destinations, including airports and train stations. Brands within SSP Group include Upper Crust, Millie’s Cookies, Burger King and Starbucks […]

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The FTSE 100 has crashed to a five month low on Tuesday, as it dropped below 7,100 for the first time since October following concerns over the coronavirus. The fall for the FTSE 100 started yesterday, as further fears over the coronavirus continued to take their toll on global stocks and indices. Currently, the FTSE […]

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Oil prices have seen another spike on Tuesday morning, following slumps of almost 4% recorded on Monday. Concerns about the coronavirus are continuing to spread – and a few days back I was here writing about how it looked like the epidemic was under control. This turned out to be a call made too soon […]

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Multinational pharmaceuticals titan, GSK (LON:GSK) have told the market that they have teamed up with Clover Biopharmaceuticals are to collaborate on a coronavirus vaccine. Shares in GSK trade at 1,631p (-1.63%). 24/2/20 12:40BST. Writing at this moment – it seems that the coronavirus has been around for months, however in the few weeks that it […]

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AB Foods plc (LON:ABF) have told the market that the coronavirus may impact their half year results. The multinational firm have said that they expect to announce their interim results at the end of April – however the recent outbreak of the coronavirus may dampen these. Primark sales and performance remained strong – the firm […]

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Shares in Spectris plc (LON:SXS) have jumped following a strong set of 2019 full year results. Following these strong results, the firm has decided to pay a special dividend which has been driven by its strong performance and its restructuring program. The Chief Executive said: “We have announced a special dividend of £175 million, in […]

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Oil prices have jumped across Thursday trading, which has extended gains from the previous session. The price of oil derivatives has been volatile, following both demand and supply issues which have weighed down on global commodities. The coronavirus has been the main demand side factor which has pulled oil prices down – the outbreak reported […]

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AVEVA Group PLC (LON:AVV) have seen their shares dip as the firm warned shareholders about trading performance following the outbreak of the coronavirus. Many global business have seen their performances hindered by the breakout of the coronavirus – as global governments and health organizations look to battle and contain the lethal disease. AVEVA are the […]

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Despite the potential for a wobble being brought on by inflation figures and the sluggish Dow Jones open, the FTSE crossed the finish line of the Wednesday session at the head of the pack. Falling just short of a one-week high, the FTSE finished the session at 7450, following a 1.2% bounce. The index’s success […]

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Two of the biggest names in the sportswear industry in Puma (ETR:PUM) and Adidas (ETR:ADS) have issued warnings on their trading following the outbreak of the coronavirus. A few weeks back, it seemed that the coronavirus was spiraling out of control. Millions had been wiped off global equities, stock prices and indices. Many countries had […]

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Ahead of the inflation data released on Wednesday, the FTSE led the early morning rally in global equities, bouncing 1.0% following a Tuesday hampered by Apple‘s (NASDAQ:AAPL) bleak Coronavirus outlook and ZEW-based sentiment. The FTSE can celebrate this small victory, having also led the rally yesterday, but should brace itself for a turbulent few days. […]

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Multinational investment bank and financial services group HSBC Holdings (LON:HSBA) announced on Tuesday that it would be implementing a large-scale job-cutting programme, as its full-year profit before tax contracted 33% year-on-year, down to $13.3 billion. The company continued to lay on the woeful news, telling investors that it was pessimistic about the outlook for 2020. […]

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Sharp losses at the start of the Tuesday session were prompted by Apple (NASDAQ:AAPL) issuing a profit warning, amid disruption caused by the outbreak of the Coronavirus. The company’s Chinese stores and international delivery of stock have been hampered by the outbreak of the illness, and as such it said it expected to miss its […]

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As is often the way of things, removing the Dow Jones from play tends to slow down market movements. Today, the FTSE was happy to lead Eurozone equities as it rose 0.3% on Monday, with the DAX and CAC following closely behind. The biggest news of the day, though, perhaps came from Japan, which reported […]

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Novacyt SA (LON:NCYT) shares have rallied as the firm announced that it has made progress in battling COVID-19, the most recent strain of coronavirus which has spreading vastly. COVID-19, now its formal name as declared by the World Health Organization has been running riot across the globe. The outbreak was first reported in December, and […]

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Petra Diamonds Limited (LON:PDL) have seen their shares plummet as the firm issued a warning this morning. Shares in Petra Diamonds trade at 6p (-16.67%). 17/2/20 13:17BST. The diamond firm said that it has cut its cash flow targets as the diamond market has weakened. The CEO commented: “Our financial results for H1 were impacted […]

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Oil prices have been relatively stable on Monday, as the fears of the coronavirus are starting to be cleared up. The coronavirus has no doubt been affecting the price of global commodities and currencies over the last few weeks, as businesses and investors have remained cautious. Last week it was announced that there were people […]

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An elemental piece of knowledge within the world of finance is that, as an asset, the price of gold tends to work inversely to bearishness in equity markets. This isn’t to say that there is a perfect trend – whereby precious metals dip when global equities are doing well – but when markets falter, gold […]

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With the Chinese Communist Party ousting its provincial leader in Hubei, and the Coronavirus death toll going past 1,350 on Wednesday evening, equities recoiled once again. Markets were seemingly getting used to the idea of the virus, despite some experts predicting that 60% of the world will have contracted the illness before its day is […]

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Oil prices have jumped on Wednesday morning following new developments to global affairs including an update on the coronavirus. China today reported that it had seen its lowest number of new coronavirus cases since late January, which seems to have struck investor and business enthusiasm. The jump in oil prices may mean that global businesses […]

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The Dow Jones booked another session of impressive performance on Monday, but Tuesday’s winners were the European indices, displaying something of an unsubstantiated market rebound. Twittering Trump & Donald’s Dow Project POTUS Donald Trump offered his two cents on the performance of US stocks today – opting to blame the sluggish start on Powell’s unaccommodating […]

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Nakama Group PLC (LON:NAK) have seen their shares crash on Tuesday as revenues took a bruising from the ongoing coronavirus epidemic. There is no doubt that the coronavirus now has become a global crisis, and millions of Chinese stocks, businesses and indexes have been wiped off following the spread. Global Governments are now taking a […]

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China New Energy Ltd (LON:CNEL) have seen their shares lifted by over 5% following a strong second half performance. The firm said that it had traded consistently in the second half of 2019 and gave shareholders reassurance over current tensions in China. It is no doubt, that shareholders would have been worried about the firm’s […]

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The British Pound has appreciated on Tuesday following positive reports of UK Economic Growth in December. The data from the ONS, painted a positive picture on Tuesday where December was a positive month for the UK economy, however on a quarterly basis economic growth remained flat. Despite quarterly growth remaining flat, it seems that there […]

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Tekcapital (LON:TEK) have said that one of its subsidiaries in Belluscura PLC have filed a patent for an oxygen device which treats respiratory diseases. Interestingly, Tekcapital noted that the new device could treat patients that had been diagnosed with the coronavirus. The firm said: “The latest patent application covers devices and systems for treating people […]

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After being given a boost by Tuesday’s PMI results, Sterling was knocked down a peg on Wednesday by the news that the EU was moving to amend its MiFID regulations in order to remove concessions from the UK. The MiFID II was designed as a standardising regulatory package to improve protections for investors and restore […]

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Griffin Mining Ltd (LON:GFM) have suspended their operations in China following fears that the coronavirus could disrupt operations and supply chains. Griffin said that work at its Caijiaying mine has been held following an announcement from the Chinese Government telling businesses to suspend “non-essential business”. The mine, which provides gold, zinc, silver and lead has […]

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Oil prices have remained volatile across the last few months, as both political and economic factors have been influencing oil indices. Prices have spiked this morning following hopes of a coronavirus cure which has left the globe in a state of shock. On Wednesday, Oil prices jumped over 3% as news broke through on a […]

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Western equities were soothed by the WHO statement on Coronavirus on Tuesday afternoon, which stated that ‘we are not in a pandemic’. After worries of a potentially deadly virus spreading across the Eurasian land mass, the trends so far appear to suggest the illness lacks the potency of previous pandemics such as Ebola, and doesn’t […]

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Kate Kirby, Construction & Infrastructure Partner at global legal business, DWF (LON:DWF), offered a pessimistic outlook on the construction sector. With global equities looking back fondly at 2017 and 2018, 2019 and the start of 2020 have offered little in the way of certainty or reasons to celebrate. Markets have been weighed down by prevailing […]

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Hong Kong have reported their first coronavirus death on Tuesday, as the country has been hit with a global health worry about the potency of the lethal disease. Hong Kong became the second mainland that has reported a death, which has killed 427 people as the numbers rise vastly. Only a few days back, I […]

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Oil prices have slipped on Monday as global and political affairs have taken their toll on commodity prices as updates came from the UK, OPEC and more on the coronavirus. As Boris Johnson now looks to get his Brexit deal implemented in time for the next deadline, the British Pound has seen a slump however […]

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The coronavirus, those dreaded words that have been the subject of not just British headlines, but global headlines is spreading and at a rate that many did not once anticipate. The virus has been vastly expanding and spreading throughout the world, and reports had surfaced suggesting that UK was now in the light of exposure […]

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Despite the continued spread of the index-ailing Coronavirus, European indices began trading on Tuesday with an unexpected rally. Its early success was in jeopardy with developments on the virus’s spread in Europe, before being given a leg-up by a strong start from the Dow Jones. The CAC, DAX and FTSE rallied to 5900, 13300 and […]

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With Chinese stock exchanges shut for an additional two days and the most recent death toll standing at 81 (likely to be well over 100 when the next reported figure is announced), equity markets have been left shaken by the potency and reach of the Coronavirus. It was confirmed on Monday that Canada had identified […]

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Asian markets have continued to suffer worst from the spread of Coronavirus, with investors fearing tentative attitudes towards trade and travel with China and surrounding regions. The situation was also dim for European indices, with the FTSE and DAX also suffering losses after trading began, though this was also caused, in part, by the back-and-forth […]

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Asian markets fell sharply during the Tuesday session, with fears surrounding the fast-spreading potential of Coronavirus. The virus, which first saw prevalence in Wuhan, China, has now claimed 6 lives, with 291 infected. Having thought the virus was passed from animals to humans, scientists have now confirmed that the virus can be transmitted from person […]

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