A trader works on the floor at the New York Stock Exchange on March 24, 2025.Jeenah Moon | ReutersU.S. stock futures were little changed early Wednesday after the S&P 500 posted a marginal gain, marking its third positive session in a row.Futures tied to the Dow Jones Industrial Average fell just 19 points. S&P 500 futures and Nasdaq 100 futures slipped 0.1% each.Stocks closed slightly higher on Tuesday despite the release of consumer confidence data on Tuesday showing that U.S. consumers’ near-term outlook on income, business and job prospects dropped to their lowest reading in 12 years. But this doesn’t…
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Image source: Getty Images ASOS (LSE:ASC) is a FTSE 250 stock that’s been attracting a lot of interest lately. That’s because the online retailer’s two largest shareholders have both decided to increase their stakes. On 17 March, Anders Holch Povlsen, and his father, Troels Holch Povlsen, increased their combined interest from 27.1% to 28%. Two days later, Frasers Group raised its shareholding from 24.21% to 25.1%. Both are now close to owning 30% of the company. Once this threshold is reached, City rules require an offer to be made for all of the remaining shares. A bit of a mystery…
A new report from the National Audit Office (NAO) has set out insights on models of private financing for public infrastructure projects. The report, from its studies and discussions with stakeholders in the public and private sectors, aims to support public bodies on how to finance new public infrastructure. In order to create the right conditions to support investor and public confidence, public bodies need clear objectives and a credible and consistent forward pipeline for investment, it stated. The NAO report highlights the importance of establishing a stable and consistent National Infrastructure and Construction Pipeline. It identifies opportunities to support…
Image source: Getty Images FTSE media firm ITV (LSE: ITV) has dropped 10% from its 22 July 12-month traded high of 88p. This might signal the business is worth less than before. Or it could indicate a stock undervaluation and therefore a bargain to be had. I did a deep dive into the firm and ran some key numbers to find out which is the case here. Are the shares undervalued? ITV trades at a price-to-earnings ratio of just 7.4 against an 11.9 average for its competitors. These comprise Atresmedia Corporación de Medios de Comunicación at 9.7, Métropole Télévision at 10.1, MFE-Mediaforeurope at 11.6, and RTL…
Image source: Getty Images One UK stock that I’ve been following is Fevertree Drinks (LSE: FEVR). Yesterday (25 March), it jumped 4.4% to 778p after the premium mixers maker released its preliminary 2024 results. This means the share price is up 16% so far this month, but still down 71% since late 2021. Should I invest? Let’s look at some details. Recovering profits Fevertree’s profitable growth came to a shuddering halt in 2022 when the business was hit by surging glass and transatlantic freight costs. Its gross margin fell sharply, causing the share price to plummet. However, there are signs…
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Image source: Olaf Kraak via Shell plc Shell’s (LSE: SHEL) share price has tracked the benchmark Brent oil price higher this month. However, the stock is still down 6% from its 13 May one-year traded peak of £29.56. I think even that 12-month high is nowhere near the fair value of the energy giant. And I think a turning point in realising its full potential may be yesterday’s (25 March) strategy update. What’s the new idea? At its Capital Markets Day, it broadly announced its aim to become the world’s leading gas and liquefied natural gas (LNG) business. Gas is…
Care REIT‘s (LSE: CRT) a relatively small real estate investment trust (REIT) that has surged over 33% in the past month. In late February, it was trading near a five-year low at around 78p. Now it’s escaped penny stock territory, boasting the impressive price of £1.08 per share. Prior to the jump, it had barely made any gains in the past five years, so I had to find out what was going on — and will it keep going? Let’s take a look. Real estate investment trusts REITs are publicly traded companies that own, manage and develop income-generating property portfolios.…
Britain’s Labour government will come under intense scrutiny on Wednesday, as Finance Minister Rachel Reeves prepares to update lawmakers on her spending and taxation plans and the nation’s economic outlook amid unsettling times for the U.K.Reeves is expected to announce billions of pounds worth of spending cuts as a way to close a budget shortfall caused by a rise in borrowing costs since her first fiscal plan, released last fall.The finance minister has already vowed to stick to her self-imposed “fiscal rules” set out in the “Autumn Budget” last October: to ensure that day-to-day spending is met by tax revenues…
By Dharamraj Dhutia MUMBAI (Reuters) – With inflation close to the Reserve Bank of India’s target and growth weak, the country’s overnight indexed swap (OIS) markets have started pricing in far more aggressive rate cuts by the central bank than previously anticipated. OIS rates, the closest gauge of interest rate expectations, have eased by 10-15 basis points so far in March, with the absolute levels hinting at more than 50 basis points of rate cuts cumulatively over the next 12 months. India’s fiscal year 2025-26 begins on April 1. “Inflation in the current quarter is tracking 50 bps lower than…