Shares in specialist ‘angel’ investor Naked Wines (WINE:AIM) fell 4% to 762p after the firm posted in-line revenues and a small loss for the year to March. Total sales were up 68% to £340.2 million compared with consensus estimates of just below £340 million, while earnings before interest and taxes were negative to the tune of £1.5 million against a consensus of minus £8.5 ...

If you missed out on the pandemic-driven share price gains at Naked Wines (WINE:AIM) fear not, for another listed online wine retailer offers a tasty proposition and fruitful growth prospects. Open a position in Virgin Wines (VINO:AIM) at 224p, where the stock market newcomer trades at a steep discount to online peers. Based on estimates for the year to June 2022, Virgin Wines trades on ...

We are championing UK stocks despite the introduction of the latest lockdown measures. For more than four years London-listed shares have trailed in the wake of nearly all other major global markets, but the early Christmas present of a Brexit deal should end much of the uncertainty which led to this underperformance. We are already seeing a dramatic reversal in fortunes with the FTSE 100 going ...

After an extraordinary year we look back at some of the top performers in different size categories from the heavyweights all the way down to sub £100 million market cap stocks at the bottom of the market and examine what has driven them higher in 2020. We have excluded investment trusts. £4 billion + market cap Share price movements in mining companies can be about exposure to the ...

A second national lockdown in England and restrictions in Wales and Scotland mean the run-up to Christmas 2020 will be very different to anything retailers and shoppers have experienced before. This year is going to be a digital Christmas and that has implications for numerous companies on the stock market, which we will explore in this article. People have started ordering goods online far in ...

London’s FTSE traded lower on Thursday, the blue chip benchmark down 0.97% at 6,323.56 points following a soft session on Wall Street and in spite of positive vaccine updates. Investors remained concerned by the continuing spread of coronavirus, worried that Covid-19 restrictions will slow the economic recovery, as well as by the lack of progress on a new stimulus aid package across the ...

Nick Devlin, chief executive of high-flying Naked Wines (WINE:AIM), has demonstrated confidence in the online wine seller’s long-run growth story by buying the best part of £20,000 worth of stock. A beneficiary of the inflection in consumer demand for online wine as a result of the pandemic, Naked Wines’ share price has more than doubled since the March lockdown to trade at ...

UK stocks were weakeer on Friday with the FTSE 100 index closing near its lows for the day, down 88 points or 1.4% to 6,124. Weighing on the benchmark were travel and leisure stocks and large insurers such as Legal & General (LGEN), M&G (MNG) and Prudential (PRU). Continuing geopolitical tensions between the US and China offset the positive news that UK retail sales bounced back ...

London’s FTSE 100 traded 1.1% lower on Friday at 6,145 as geopolitical tensions between the US and China offset the positive news that UK retail sales bounced back in June and industrial confidence soared this month. US-Sino relations hit a new low after China ordered the US to shut a consulate in Chengdu, in retaliation for being ordered to shut a consulate in Houston, sending the US dollar ...

London’s FTSE 100 traded 1.65% lower on Friday at 6,109.18 as geopolitical tensions between the US and China offset any positive sentiment generated from the news UK retail sales bounced back 13.9% in June as lockdown measures were eased. US-Sino relations hit a new low after China ordered the US to shut a consulate in Chengdu, in retaliation for being ordered to shut a consulate in ...

We’ve all been buying fridges, wine and sparkly tops this year, judging by how the market has rewarded certain retail stocks. There has been a lot of chatter about how alcohol sales have increased during lockdown, so it’s no surprise to see online specialist Naked Wines (WINE:AIM) become the second best retail stock in share price terms year-to-date. Boohoo’s (BOO:AIM) ongoing success ...

The FTSE 100 opened on the back foot Wednesday, falling 1.2% to 6,249 after a spike in coronavirus cases across the globe compounded fears of a second wave. In overnight trading China’s Shanghai Composite nudged up 0.3% while Japan’s Nikkei 225 index slipped 0.2%. Brent Oil prices were 0.6% lower at $42.4 dollars a barrel and Gold prices were slightly higher at $1,769 an ounce. The pound ...

While no firm wants to be seen publicly to be ‘having a good crisis’, given the gravity of the threat to the economy and public health from coronavirus, the fact is some firms are doing rather well despite, or in some cases as a result of, the pandemic. Some have been in the right place at the right time – think of healthcare, sanitation and hygiene firms – while others have been less ...

UK markets regathered momentum to accelerate gains in afternoon trading after a firm start on Wall Street. Both the Dow Jones and S&P 500 rose more than 1.5% early in the Thursday session, although the tech heavy Nasdaq made more modest progress. Earlier in the day the UK government extended its Bank of England overdraft so it can borrow billions of pounds and bypass the bond market. The ...

Online wines retailer Naked Wines (WINE:AIM) saw its share price rally more than 12% to 306.5p after revealing a surge in demand during the coronavirus lockdown. The company now expects to beat its previous 2020 sales forecast. Since restrictions on social gathering began Naked Wines, the online business developed by Majestic Wine before the chain was sold last year, has seen higher levels ...

London’s FTSE 100 gave up 49.2 points to trade at 7,213.3 early on Thursday with investors growing tired of the lack of progress with US/China trade talks and the Federal Reserve’s latest meeting minutes showed it is in no hurry to make further interest rate cuts in the US. CENTRICA REMAINS ON TRACK Unloved energy giant Centrica (CAN) rallied 4.5% to 75.96p after leaving its full year ...

Shares in Majestic Wine (WINE:AIM) jumped 1% to 262p on news that its physical stores had been sold to private equity group Fortress for £95m. A separate sale of one freehold property will realise a further £5m subject to it receiving planning approval for the redevelopment of the site. If the sale is voted through the transaction will represent a coup for Naked Wine boss Rowan ...

UK stocks trade higher on Thursday, pushing to their best level in a month with the FTSE 100 index up 0.3% to 7,390 thanks to strength in construction, industrial and technology stocks. Best performer in the FTSE is plumbing supplies company Ferguson (FERG), up 6% to £56.34 after it emerges that US activist investor Nelson Peltz has taken a 6% stake in the firm. Peltz’s stake, valued at ...

Shares in Majestic Wine (WINE:AIM) have slumped 7.7% to 293.5p in early trade on Thursday despite progress on the sale of its physical stores. Alongside in line full year results the £213m wine seller confirmed ‘advanced discussions’ with ‘multiple bidders’ as it seeks to sell its retail and commercial arms and focus on the faster growing online sale of wines through its Naked Wines ...

Activist investor Gatemore Capital Management has acquired a 9.57% stake in struggling, lately unloved high street suit hire specialist Moss Bros (MOSB). News of the stake may spur on expectations of an activist campaign from Gatemore, although according to a source close to the asset manager cited by Sky News, it has yet to engage with management. Gatemore’s arrival on the share register ...