THIS IS AN ADVERTISING FEATURE Magnificent businesses are not confined to the US. In this article, Imran Sattar, Portfolio Manager of the Trust, explains why there are reasons for investors to be optimistic about the UK stock market despite the well documented headwinds, including the fact there are many companies with high returns and good growth prospects.I was appointed portfolio manager of

Breedon purchase related to non-exec chairmanSofcat sale related to current chief executiveLight Science Technologies director buys sharesA PCA or person closely associated to Amit Bhatia, non-executive chair of construction materials giant Breedon (BREE:AIM), bought 1.1 million shares at 383p for a total value of £4,210,250 on 10 May.The purchase was made through Abicad Holding Limited, similar

London stocks were up at midday on Friday, on the back of an interest rate hold from the Bank of England and a better-than-expected gross domestic product reading from the Office for National Statistics.The FTSE 100 index was up 66.70 points, 0.8%, at 8,448.05, after hitting a record high 8,455.77 earlier. The FTSE 250 was up 163.86 points, 0.8%, at 20,695.16, and the AIM All-Share was up 5.05 poi

Investors are feeling more chipper as the week comes towards its close after latest economic data left US markets largely happy with the macro outlook.Crashing recession avoided, interest rate cuts coming - it might not be quite the Goldilocks outcome hoped for but good enough. Thursday?s S&P 500 move higher left the crucial US index to close above the 5,200 level for the first time in a month and

Stocks in London started strong on Friday following the Bank of England?s dovish hold on interest rates on Thursday, as new data showed UK gross domestic product reached a stronger-than-expected level in March.The FTSE 100 index opened up 43.05 points, 0.5%, at 8,424.40. The FTSE 250 was up 68.41 points, 0.3%, at 20,599.71, and the AIM All-Share was up 2.06 points, 0.3%, at 785.76.The Cboe UK 100

Stock prices in London edged down at the open on Thursday, while investors expect the Bank of England to keep its benchmark bank rate unchanged.The FTSE 100 index opened down just 2.68 points at 8,351.37. The FTSE 250 was down 10.32 points, 0.1%, at 20,481.67, while the AIM All-Share was up 1.41 points, 0.2%, at 781.24.The Cboe UK 100 was marginally up at 833.97, the Cboe UK 250 was up 0.1% at 17,

From pop groups, TV shows, cars, home appliances, electronics and smartphones, South Korean brands have for years been familiar to global consumers. Millions of homes are filled with Smartphones and TVs made by Samsung Electronics (005930:KRX) and LG Electronics (006657:KRX), cars made by Hyundai Motor (005380:KRX) and Kia (000270:KRX), while microchips made by Hynix (000660:KRX) power these gadge

Stock jumps 7% after Q1 earnings/revenues beatGlobalFoundries handed $1.5 billion in US Gov grantsAnalysts predict record revenues and earnings in 2025Taiwan?s TSMC (TSM:NYSE) may dominate the chip foundry sector but it is far from being the only potential winner as the industry picks up through 2024 and beyond. For example, South Korea?s SK Hynix (000660:KRX) recently revealed that it had nearly

Stock prices in London opened higher on Wednesday, beating Asian peers which trended lower over night, and following a flatter session in the US.The FTSE 100 index opened up 34.20 points, 0.4%, at 8,347.87. The FTSE 250 was up 30.83 points, 0.2%, at 20,443.91, and the AIM All-Share was up 1.94 points, 0.3%, at 778.36.The Cboe UK 100 was up 0.4% at 833.39, the Cboe UK 250 was up 0.3% at 17,713.33,

Stocks prices in London were higher at midday on Tuesday, as local data added to the uplift provided by US markets on Monday.The FTSE 100 index was up 82.73 points, 1.0%, at 8,296.22. The FTSE 250 was up 225.42 points, 1.1%, at 20,389.96, and the AIM All-Share was 5.72 points, 0.7%, at 777.25.The Cboe UK 100 was up 1.0% at 828.39, the Cboe UK 250 was up 1.0% at 17,662.42, and the Cboe Small Compan

Stocks in London were in the green on Tuesday morning, tracking a rise in global equities following weaker US jobs data and a UK public holiday on Monday.The FTSE 100 index opened up 69.25 points, 0.8%, at 8,282.95. The FTSE 250 was up 187.86 points, 0.9%, at 20,352.21, and the AIM All-Share was up 4.81 points, 0.6%, at 776.37.The Cboe UK 100 was up 0.9% at 826.93, the Cboe UK 250 was up 0.9% at 1

It was another topsy-turvy week for US markets buffeted by macro data which revealed stronger than expected wage growth on Tuesday (30 Apr) after the employment cost index rose 1.2% compared with 1% expected by economists.Labour costs increased 4.2% year on year in the first quarter, a similar pace to the prior quarter which gives the Fed little wriggle room to cut interest rates anytime soon. Fed

Jewellery retailer hikes guidanceQ1 organic growth of 18%But China remains a trouble spotDanish jewellery brand Pandora (PNDORA:CPH) raised its full-year organic revenue guidance after first quarter sales and profits breezed past estimates with the key US market sustaining its strength.The rings-to-lab-grown diamonds seller?s confident outlook demonstrated that its ?Phoenix? growth strategy, which

While the market?s focus moved on to US company earnings last week, spurring a strong rebound, investors received another reality check in the form of the first-quarter GDP and core PCE (personal consumption expenditure) figures.GDP grew at the slowest rate in two years while the PCE came in sticky as expected, presenting the Federal Reserve with an unwelcome combination as it prepares to meet for

Investment trust Smithson (SSON) has work to do to repair its relationship with shareholders after recent controversy over a continuation vote at the stablemate of Terry Smith?s Fundsmith Equity (B41YBW7).Smithson, which looks to apply Smith?s ?buy good companies, don?t overpay, do nothing? approach to small- and mid-cap companies, had said to investors at its inception it would consider holding a

Chemicals companies produce the compounds used in a huge variety of different industrial and consumer products across sectors which include agriculture, healthcare, technology, aerospace, sports, leisure and beauty.The breadth of the industry?s focus means its fortunes are closely tied to the economy and movements in GDP as well as volatility in raw material prices and energy costs.In 2023 the sec

Galaxy smartphone maker reports 10-fold jump in profitAI driving demand for memory chipsSouth Korean firm targeted by activists earlier in the yearThe world?s biggest memory chips and smartphone maker Samsung Electronics (005930:KS) is getting a much-needed lift from the AI (artificial intelligence) demand boom.The South Korean technology giant clocked a 10-fold surge in its first quarter profit,

Cards-to-gifts seller reinstates shareholder rewardStore estate performing wellFY25 profits will be second half weightedShares in Card Factory (CARD) rallied 6% to 106.6p after the value-focused greeting cards-to-party supplies retailer announced a welcome return to the dividend list, having paused payouts during the pandemic.The reinstatement of dividends signalled confidence from Card Factory an

London equities finished in the green on Monday, outpacing its European peers, ahead of the Federal Reserve?s eagerly awaited interest rate decision on Wednesday.The FTSE 100 index closed up 7.20 points, 0.1%, at 8,147.03. The FTSE 250 ended up 260.63 points, 1.3%, at 20,084.79, and the AIM All-Share closed up 8.05 points, 1.1%, at 763.33.The Cboe UK 100 ended up 0.1% at 814.08, the Cboe UK 250 cl

Stock prices in London were up heading into the afternoon on Monday, beating more cautious trade on mainland Europe, as investors shifted focus onto this week?s Federal Reserve interest rate decision in the US.The FTSE 100 index rose 40.94 points, 0.5%, at 8,180.77. It had climbed to 8,189.14, its best-ever level.?The blue-chip index continues to glow and sustain energy that we haven?t seen in the