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Wall Street Week: US markets close out November in fine form as investors pay respects to an investment giant featured picture

Wall Street Week: US markets close out November in fine form as investors pay respects to an investment giant

Swashbuckling gains were clocked up in November as investors bet that falling inflation, a firm jobs market, and mostly better than expected corporate earnings bode well for the US economy into 2024. The Dow Jones Industrial Average added 1.8% over the past week, and while the S&P 500 and Nasdaq Composite rose more modestly, it's still been a hell of a month for US stocks. The Dow Jones...
Growth concerns leave Auction Technology stock 13.5% down on February 2021 IPO price featured picture

Growth concerns leave Auction Technology stock 13.5% down on February 2021 IPO price

Worries about slowing growth are putting the squeeze on investor hopes for Auction Technology (ATG) as TMV (total hammer value) weakens. The London-based online auction operator said the economic environment has become 'more challenging', hurting growth in the second half of its financial year to 30 September 2023. This sent shares in the company plunging, down almost 18% to 519p by midday and...
Dr. Martens tripped up again as weak third quarter sales trigger another profit warning featured picture

Dr. Martens tripped up again as weak third quarter sales trigger another profit warning

Investors put the boot into Dr. Martens (DOCS) after the iconic footwear brand downgraded its year-to-March 2024 EBITDA (earnings before interest, tax, depreciation and amortisation) guidance once again and withdrew previous guidance for high single digit sales growth in full year 2025. The shares slumped more than 20% to 89p, a fraction of 2021's 370p initial public offering price, after the...
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