Image source: Getty Images I’ve been watching the Greggs (LSE: GRG) share price for months, wondering whether this was a good time to buy it. Britain’s favourite bakery chain has turned itself into a national treasure, supplying traditional fayre like sausage rolls and steak bakes, without feeling stodgy or old-fashioned itself. Unlike so many retailers, the cost-of-living crisis did it a favour, as cash-strapped shoppers saw a trip to Greggs as an affordable treat. Greggs has been marketed brilliantly, from its clothing range (with Primark) to its legendary vegan sausage rolls. I’m not sure how many it actually sold, but…
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FRIENDSWOOD, Texas–(BUSINESS WIRE)–Castle Biosciences, Inc. (Nasdaq: CSTL), a company improving health through innovative tests that guide patient care, today announced that it will present new data related to its DecisionDx-Melanoma and DecisionDx ®-UM tests for patients with cutaneous melanoma (CM) and uveal melanoma (UM), respectively, at the 21st International Congress of the Society for Melanoma Research (SMR), taking place Oct. 10-13, 2024, in New Orleans. In large prospective and retrospective studies, our DecisionDx-Melanoma test has been shown to provide clinical value above and beyond current staging paradigms and other tests currently available for patients with cutaneous melanoma, said Derek Maetzold,…
Image source: Rolls-Royce plc Rolls-Royce’s (LSE: RR) share price is now trading near a 12-month high, following a dip at the beginning of September to £4.56. This came after the in-flight failure on 30 August of a part in a Cathay Pacific A350-1000 Rolls-Royce XWB-97 engine. However, the European Union Aviation Safety Agency (EASA) said on 19 September that the failure may not have been a structural flaw in the engine nozzle. It may instead have been due to a process used to clean the fuel hose. How do the growth prospects look? The day before the EASA statement, Rolls-Royce…
Investing.com — Shares in WeightWatchers surged by nearly 38% in extended hours trading on Wednesday, pointing to an extension in sharp gians logged in the prior session after the firm announced it would offer a compounded version of Novo Nordisk (NYSE:)’s popular weight-loss drug Wegovy. Major drug companies, including Denmark’s Novo Nordisk and peer Eli Lilly (NYSE:), have struggled to keep up with the soaring demand for their blockbuster GLP-1 obesity medications, which have been shown to help patients lose up to 20% of their weight on average. Because of this shortage, US regulators have allowed businesses, including telehealth groups like…
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California.Patrick T. Fallon | AFP | Getty ImagesAn abrupt turn higher for mortgage interest rates caused weekly demand from both potential homebuyers and current homeowners to drop. Total mortgage application volume fell 5.1% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $766,550 or less, increased to 6.36% from 6.14%, with points increasing to 0.62 from 0.61, including the origination fee, for…
(Reuters) – Stock index futures fell on Wednesday as investors awaited the release of minutes from the Federal Reserve’s last meeting for insight into the interest-rate path, while Alphabet dipped after the U.S. said it was considering breaking up Google.Shares of Alphabet fell 1.4% in premarket trading after the U.S. Department of Justice said it may ask a judge to force Google to divest parts of its business, including the Chrome internet browser and Android operating system.At 5:20 a.m. ET, Dow E-minis were down 66 points, or 0.16%, S&P 500 E-minis were down 8.75 points, or 0.15%, and Nasdaq 100…
Image source: National Grid plc On 19 October 1987, the FTSE 100 — the index of leading UK stocks — lost 10.8%. Thirty-seven years later, it’s easily forgotten that Black Monday was followed by an even worse Tuesday, when the index fell another 12.2%. The UK wasn’t alone. Global stock markets are estimated to have lost $1.7trn as a result of the mass sell-off. And history tells us that October can be a volatile time for the Footsie. Four of the five biggest one-day falls (and six of the 10 largest) have all taken place in the same month as…
Over the last few months, we’ve seen some loud governmental rallying calls to support the scaling of the voluntary carbon market (VCM). With some macro and market-specific uncertainties, these endorsements provide a valuable impetus. The market has been further bolstered by continued endorsements from the size of the credit deals to regulatory scrutiny as well as a roll out of standardised transaction documents. US Government Backs the Carbon Market Over the course of the summer, the US government has announced a number of coordinated major endorsements and guidance for the VCM. The Biden administration, the US Commodity Futures Trading Commission…
By Lili Bayer (OTC:) BRUSSELS (Reuters) – Hungary is putting European security at risk, European Commission President Ursula von der Leyen said on Wednesday in an unusually blunt speech blasting Budapest’s relationship with Russia and China. Speaking at a debate with nationalist Hungarian Prime Minister Viktor Orban at the European Parliament in Strasbourg, von der Leyen took aim at Budapest’s reluctance to join EU partners in helping Ukraine against Russia’s invasion, and its decisions strengthening ties with Moscow and Beijing. “The world has witnessed the atrocities of Russia’s war. And yet, there are still some who blame this war not…
There is notable disagreement among academics about how investment time horizon should affect portfolio allocations. In recent research released through CFA Institute Research Foundation, we explored this topic at length. We find that the assumption that returns are independent over time is inconsistent with historical evidence, both domestically and internationally across stocks, bonds, and alternatives. These findings suggest that investment professionals may need to re-think their portfolio optimization routines — including mean variance optimization (MVO) — which typically assume returns are random across time. This article is the first in a series of three. Here, we will provide context about…