Exciting news out of Vienna for energy equities, with announcements from OPEC sending Brent crude over $75/barrel. Naturally, traders are rushing to grab a bit of BP and Shell, but they aren’t the only shares benefiting. We’ve discovered several other energy names with exciting potential. Now, don’t get me wrong, no self-respecting energy investor should…
The UK 100 started the week on a shaky note after US President Donald Trump talked up rhetoric on possible sanctions on China the previous Friday over their handling of the COVID-19 outbreak. The US President has consistently blamed China for the outbreak and spread of COVID-19. The talk of placement of new sanctions on…
Broadcasting giant ITV saw its share price fall almost two per cent as it reported a seven per cent drop in external first quarter revenues. The broadcaster recorded a two per cent rise in advertising revenues in the first quarter but has disclosed a fall of 42 per cent in April, since the global pandemic…
Share prices turned sour for sugar manufacturer Tate & Lyle, falling 3.7 per cent at one point this week, after it revealed its latest trading update. It disclosed that while sales for its at-home store cupboard products had spiked at the beginning of April, uptake for its bulk sweeteners, used in soft drinks in restaurants,…
Fashion favourite JD Sports was kicked by the Competition and Markets Authority, which blocked its £90m takeover of competitor Foot Asylum, this week. Shares in the sports retailer fell 1.4 per cent after the news, although they have regained ground now standing at 518.20p at the time of writing. The UK watchdog has ruled that…
High street stalwart Marks and Spencer has relaxed covenants with its lenders until 2021, as it revealed that coronavirus is having a severe impact on its Clothing & Home business. The retailer also admitted it had not managed to cash in on any of the grocery boom that other supermarkets have enjoyed thanks to its…