Digital coupons business jumps 17% post New York IPOJoins Reddit and Astera Labs as major new listings this yearAt $103.25 day one close, Ibotta market cap over $3 billionThere?s been plenty of talk about an IPO (initial public offering) market revival this year, and Ibotta?s (IBTA:NYSE) blistering New York debut will only bolster that narrative.On its first day as a public company, shares in the

Microsoft (MSFT:NASDAQ)-backed cybersecurity firm Rubrik (RBRK:NYSE) plans to raise up to $750 million as it becomes the latest company to unveil plans for an IPO (initial public offering) in the US. The roster of companies planning to go public is starting to fill out after two years of relative drought following recent successes by social media platform Reddit (RDDT:NYSE) and semiconductor conn

Shares priced at $34 a share, top end of range$750 million raised from the IPOReddit begins trading under ticker RDDTAfter eyeing a New York listing since 2021, social media company Reddit (RDDT:NASDAQ) was finally granted its wish on 21 March.The shares finished the day 48% higher than their IPO price of $34, giving the company a market cap of about $9.5 billion.The website, which hosts millions

Major US indices notched-up further all-time highs this week on dovish comments from Fed chair Jay Powell in the press conference following the central bank?s decision to leave interest rates unchanged.The Fed?s summary of economic projections sees stronger economic growth and stickier inflation, but it still anticipates a couple of rate cuts later in the year.The small-cap, economically sensitive

Car parts, bikes and tyres seller Halfords (HFD) has let investors down again. The retailer?s latest profit warning (28 February) pinned on weakening demand for bicycles as well as wet weather, which has deterred customers from visiting its stores and purchasing winter and car cleaning products in the fourth quarter.Halfords now expects to deliver pre-tax profit in the £35 million to £40 million

After repeated delays due to stock market volatility, social media business Reddit will finally make its Wall Street debut some time later this month according to its Securities and Exchange Commission (SEC) filing on 22 February.If the New York listing does go ahead it will be the first major technology IPO (initial public offer) of 2024 and the first social media float since Pinterest (PINS:NYSE

Demand weakened further in Q4Profit guidance lowered by 25%Flat profits expected next yearCar parts-to-bicycles purveyor Halfords (HFD) has cut its current-year profit guidance by 25% and sees flat profits next year at best, crushingly disappointing news that sent shares in the Worcestershire-based retailer skidding 26% lower to 148p.Halfords pinned the blame for the material earnings downgrade on

Top-yielding stocks in the FTSE 350 dominated by banksBank of Georgia has been the best-performing bank shareRedde Northgate offers a 7.1% yield covered 2.4 timesThe prevailing market consensus is that central banks are close to the end of their rate hiking cycle and as long as inflation behaves, rate cuts are back on the agenda for 2024.If that view prevails competition from bonds and cash deposi

First half PBT up 15.8%But full year profit guide downgradedSofter sales in discretionary categoriesCar parts-to-bicycles retailer Halfords (HFD) has warned annual profits will fall short of previous guidance after seeing weak sales of discretionary big ticket products such as bicycles and tyres in the past few months as consumers contend with higher interest rates and the ongoing cost-of-living c

Predators continue to swoop on the UK stock market's undervalued prey and a number of consumer-facing firms have drawn bids or flagged takeover interest since Shares addressed the mergers and acquisitions theme on 16 November.High-profile targets include Hotel Chocolat (HOTC:AIM), City Pub Group (CPC:AIM) and Musicmagpie (MMAG:AIM), and given the lowly valuations currently ascribed to UK consumer

London?s FTSE 100 was lower on Monday, with underwhelming corporate earnings and some caution ahead of a major day on the UK fiscal calendar keeping a lid on enthusiasm.There was some impetus from M&A news among smaller listed companies in London.The pound was also on the up, with Dutch bank ING predicting sterling could edge close to the $1.26 mark should there be a ?risk-positive environment? fo

BT and Aurelius circling MusicmagpieRedde Northgate/Halfords merger talks rumouredAnalyst sees some logic in proposed tie-upsPotential bids for two unloved stocks have come out of the blue and from unexpected suitors to boot, as the UK takeover machine continues to whir.Shares in Musicmagpie (MMAG:AIM) fluttered 30% higher to 25p after the refurbished electronics seller confirmed it is in early st

Value stocks have outperformed growth stocks by 12% since Pfizer (PFE:NYSE) announced the first effective Covid-19 vaccine on 9 November 2020. That's comparing the MSCI World Value index against the MSCI World Growth index.We have reason to believe the value investing style could soon deliver even bigger outperformance given the shift in the backdrop from cheap money to more normalised interest ra

Stocks in London were down at midday on Wednesday as US financial markets returned from the Fourth of July holiday, amid a risk-off mood following a slew of weak economic data.The FTSE 100 index was down 41.96 points, or 0.6%, at 7,477.76. The FTSE 250 was down 84.09 points, or 0.5%, at 18,449.70, and the AIM All-Share was down 2.14 points, or 0.3%, at 754.30.The Cboe UK 100 was down 0.6% at 745.7

Airline and package holidays provider Jet2 (JET2:AIM) is expected to report between £387 million and £395 million pre-tax profit before foreign exchange adjustments on 6 July when it publishes full-year results to 31 March 2023.The company last updated on trading on 20 April when it came across as upbeat despite flagging cost pressures from fuel, carbon taxes, a higher US dollar and wages. It sa

Whether or not you are a value investor by nature, we all get a kick out of finding companies which are trading on big discounts to 'fair value'.Rather like Warren Buffett, who claims he buys dollar stocks for 50 cents, we all like to think we can spot a bargain.The problem is identifying fair value, first, then having the courage of our convictions to go for it, second.In the investment trust wor

Suman works as a junior doctor at an NHS hospital in Liverpool. He came to the UK in 2015 but started his investment journey in 2010 while he was living in India and where he invested in Indian equities.'I started investing for myself primarily, and the reason I started was to try and get significant returns. I didn't initially have a long-term strategy in place, all I thought is I can put some mo

The consumer health spin-out from Johnson & Johnson (JNJ:NYSE), Kenvue (KVUE:NYSE) enjoyed a positive stock market debut on 4 May, with shares in the company surging 22% to $26.90 in a move valuing the business at about $50 billion.Behind iconic brands rooted in science including Listerine mouthwash, Tylenol painkillers and Band-Aid adhesive bandages, Kenvue raised $3.8 billion at $22 a share - th

- Trading above expectations across the board- Earnings seen top of the range of estimates- Shares still look cheap, upgrades to followIt was pedal to the metal for shareholders in vehicle hire and mobility services group Redde Northgate (REDD) after it issued an unscheduled trading update for the year to the end of April.The shares raced to the top of the FTSE 250 leader board, gaining 28p or 7.7

London shares opened lower on Wednesday, after UK consumer price inflation remained in double digits last month, all-but ensuring an interest rate hike by the Bank of England next month.The FTSE 100 index opened down 16.52 points, 0.2%, at 7,892.92. The FTSE 250 was down 120.27 points, 0.6%, at 19,176.05, and the AIM All-Share was down 3.70 points, 0.4%, at 828.74.The Cboe UK 100 was down 0.2% at