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Funds Continue to Short Ocado Shares – Here’s why

Ocado (LON: OCDO) shares have rallied more than 24% in the last week, but the online grocery giant remains a contentious stock among investors, with several firms going short.

Ocado delivery
Sam Boughedda
Kingfisher Shares: Bullish or Bearish?

Kingfisher plc (LON: KGF), the parent company of B&Q and Screwfix, is subject to a mix of analyst views. While one camp sees the home improvement giant as a promising investment, others are taking a more cautious stance.

B&Q Kingfisher
Sam Boughedda
Will The New UK IPO Rules Impact London Listings?

The United Kingdom's Financial Conduct Authority (FCA) has announced a comprehensive overhaul of listing rules aimed at making London a more competitive destination for initial public offerings (IPOs). In the latest bid to dr

European IPOs
Asktraders News Team
FTSE 100 Index Showing Resilience

The FTSE 100 index has seen a notable start to 2024, striking record highs in May and demonstrating a resilience that outpaces its performance from the previous year. Desp

Asktraders News Team
Next Share Rating Boosted at Citi on Positive Consumer Environment

Next plc (LON: NXT) shares gained more than 2% in Wednesday's session after positive commentary and a re-rating from an analyst at one investment bank.

Next store
Sam Boughedda
British Airways Owner IAG’s Shares Jump – Here’s Why

IAG (LON: IAG) shares rose around 3% on Wednesday, fueled by a double-upgrade from Morgan Stanley. Analyst Conor Dwyer upgraded the stock from Underweight to Overweight, citing a more positive outlook on pricing and capacity

how to buy iag shares 2023
Sam Boughedda
Begbies Traynor Shares (LON:BEG) Gain Bullish Note With Price Target Cut

Canaccord has revised its price target for Begbies Traynor shares (LON:BEG), marking a reduction from 175p down to 158p. Despite the lowered price target, the firm continues to see a promising outlook for the company, maintai

Asktraders News Team
Diversified Energy Company to Acquire Eastern Texas Natural Gas Assets

Diversified Energy Company (LON: DEC) announced Wednesday that it has struck an agreement to acquire high-quality natural gas assets in eastern Texas from Crescent Pass Energy.

How to trade oil
Sam Boughedda
Barratt Developments Sees FY24 Profit ‘Slightly Ahead’ of Previous Expectations

UK housebuilder Barratt Developments (LON: BDEV) announced today that it expects to report a profit before tax for the fiscal year 2024 (FY24) that is slightly higher than previously anticipated.

Barratt
Sam Boughedda
Shell Bolsters LNG Operations

Shell PLC (LON: SHEL) has announced a significant step in expanding its Liquified Natural Gas (LNG) operations with the final investment decision (FID) for the d

shell liquid natural gas station
Asktraders News Team
Baltic Classifieds Group Stock (LON: BCG) Holds Bullish Analyst Targets

Baltic Classifieds Group shares (LON: BCG), the leading online classifieds platform in the Baltic region, has recently garnered positive attention from financial analysts. Berenberg Bank has initiated coverage on Baltic Class

baltic classifieds group logo
Asktraders News Team
Kinovo Forgoes Dividend Amid Profit Surge

Kinovo PLC shares (LON: KINO) have had a great start to July, delivering 14% of gains through the month to date. The firm announced robust financial growth today, though it did not declare a dividend following last year's su

kinovo logo
Asktraders News Team
HSBC and Visa Partner on Multi-Currency Zing App

In a notable move within the financial services industry, Visa (NYSE: V) and HSBC (LON: HSBA) have embarked on a technological partnership. The collaboration underlines the growing emphasis on digital payments solutions, aimi

zing logo by hsbc
Asktraders News Team
Vistry Group Shares (LON: VTY) Dip As Strong Trading Update Fails To Ignite Bulls

Vistry Group (LON: VTY), a prominent figure in the British homebuilding industry, has seen its shares dip by 2% in early morning trading. Despite this pullback, the recent trend for the stock has shown impressive 39% gains in

Vistry Group
Asktraders News Team
GSK Stock Rating Cut at UBS On Zantac Litigation Concerns

UBS analysts downgraded GSK shares (LON: GSK) in a note to clients Monday, citing concerns regarding its potential RSV vaccine Arexvy. The

GSK Office
Sam Boughedda
BP’s Q2 Profits to Be Impacted by ‘Significantly Lower’ Refining Margins

BP's (LON: BP.) second-quarter profits are expected to be hit by a significant drop in refining margins despite a rise in oil prices. In i

BP
Sam Boughedda
Trainline Share Price Target (LON: TRN) Boosted By JPMorgan to 410p

Trainline Plc shares (LON: TRN) have received a welcome adjustment by JPMorgan, with the firm's price target rising to 410p from 395p, while maintaining an Overweight rating on the stock.

Trainline logo office
Asktraders News Team
Carlsberg Agrees £3.3bn Deal to Acquire Britvic

Danish brewing giant Carlsberg has reached an all-cash agreement to acquire Britvic (LON: BVIC), a leading soft drinks manufacturer in the UK, for £3.3 billion. The deal wi

britvic bvic drinks
Sam Boughedda
FTSE 100 Starts Week Lower Ahead of GDP Data on Thursday

The FTSE 100 has started the week beginning Monday, July 8, 2024, on the back foot, with the index declining 0.29% to 8,180.00 just after the opening bell. On Friday, London’s blue-chip index dropped by 0.45%, falling 37.33 p

Sam Boughedda
Glencore Gains Final Approval For Elk Valley Resources Acquisition

Glencore (LON: GLEN) said Friday that it has secured the final regulatory hurdle for its acquisition of a 77% stake

Glencore mining site
Sam Boughedda
Rolls-Royce Shares Trading Up As Barclays Lift Price Target to 495p

Rolls Royce shares (LON: RR) are trading up by 1.1% into the afternoon session, taking the YTD gains to a combined 54.65%. Bullish sentiment is continuing to

Rolls Royce logo
Asktraders News Team
Glencore Halts Sale of Kazzinc Stake

Glencore PLC (LON: GLEN) has withdrawn from its planned sale of a significant share in Kazzinc, a major player in Kazakhstan's mining sector, after failing to

Asktraders News Team
NatWest Shares (LON: NWG) Up This Morning As JP Morgan Hike Price Target, And Repurchase Continues

Natwest shares (LON: NWG) are trading higher this morning, up 1.3% as an upgraded price target moves the stock close to 50% gains through 2024 so far. With the firm's H1 results due on 26th July, attention is beginning to i

Asktraders News Team
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