Rolls-Royce, a prominent jet engine manufacturer for commercial aircraft along with power systems for ships and submarines and other major projects posted an underlying operating profit of £1.6 billion in 2023, compared to £652 million in 2022. Rolls-Royce was the top performer in the UK’s FTSE 100 in 2023, climbingRead More →
The bumper festive period led to the High Street giant to raise its profit forecast by 5% to £960m for 2024. NEXT has about 460 outlets in the UK and Ireland. The company also expects sales to grow by 3% in 2024/25 but warned that attacks on shipping in theRead More →
Nvidia stock closes at all-time high, a day before earnings Shares of Nvidia closed up 2.3% at an all-time high of $504 on Monday 20th November 2023. The record comes ahead of the company’s Q3 results due Tuesday 21st November 2023, when analysts are expecting to see revenue growth of over 170%.Read More →
The Omaha-based conglomerate’s operating earnings totalled $10.761 billion last quarter, 40.6% higher than from the same quarter in 2022. Berkshire held a record level of cash at the end of September 2023 of $157.2 billion. The ‘Oracle of Omaha’ has been taking advantage of surging bond yields, buying up short-termRead More →
The world may be facing ‘the most dangerous time… in decades’, bank boss Jamie Dimon has reportedly warned. The chief executive of JP Morgan Chase told investors recently that he was concerned about the risks to the economy from rising geo-political tensions. He said wars in Ukraine and Israel couldRead More →
Some analysts say yes! Buying the dip means purchasing an asset, usually a stock, when its price has dropped. The expectation is that the drop is a short-term anomaly, and the asset’s price will soon go back up. It is a strategy that some traders and investors use to take advantage ofRead More →
Profits up! Rolls-Royce share price soared by 20% in july 2023 after it raised its profit guidance and reported strong demand in its jet engine and defence businesses. The company, which makes engines for aeroplanes, ships and submarines, repoertedly said it expects to make between £1.2 billion and £1.4 billionRead More →
British Gas owner Centrica and Shell see profits soar as bills rise. Profit for the six months ending in June 2023 for British Gas owner Centrica rose to around £1.34bn from £262m a year earlier. The rise in profits came from the company’s nuclear and oil and gas business, rather than from theRead More →