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Aviva and Balfour Beatty directors snap up shares on results, Cakebox CEO ups stake | Directors Deals featured picture

Aviva and Balfour Beatty directors snap up shares on results, Cakebox CEO ups stake | Directors Deals

T Neil Morrison, non-executive director at life insurer Aviva (AV.) has bought 100,000 shares at 484p for a total value of £484,000 on 25 June. Over the past year Aviva shares have gained 23%. Morrison's move comes after the life insurer reported a strong set of results for the first quarter in May with 'robust' growth across its divisions. Aviva remains confident about meeting its targets in...
November investor D-day beckons for Nike after sales guidance cut and share price plunge featured picture

November investor D-day beckons for Nike after sales guidance cut and share price plunge

Nike (NKE:NYSE) continues to look flat footed after warning investors to expect its slowest sales growth since 2010, barring the pandemic. Out of hours trading data shows the stock plunging nearly 14% to around $80, not half 2021's near-$180 dollar peaks. It may be the world's biggest sportswear company but Nike is feeling the pinch as competition bites and sales in China and its US backyard f...
Hedge funds finished gorging on chips, leaden footed Nike fails to get ‘Air’ | Wall Street Week featured picture

Hedge funds finished gorging on chips, leaden footed Nike fails to get ‘Air’ | Wall Street Week

Investors have been playing a waiting game this week with all eyes on today's (28 Jun) US personal consumption price index, a key input in the Federal Reserve's 'data-driven' model which will tell it when it's safe to cut interest rates. A May figure of 2.6% or lower, against April's 2.8% print, and the market will be off to the races, although as Fed chair Jay Powell has said many times before...
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