Stock Market

How is Omicron affecting financial markets?

  • November 29, 2021 03:07 AM AEDT
  • Akshay
 How is Omicron affecting financial markets?

Highlights On Sunday, the Dutch health authorities said that they had found 13 infected cases of Omicron. The Dow Jones Industrial Average declined by 2.5% on Friday, recording its worst day in over a month. The Tadawul All Share Index traded ...

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3 real estate stocks you can buy despite the slump in UK home sales

3 real estate stocks you can buy despite the slump in UK home sales

Highlights The number of homes sold in the UK witnessed a sharp decline of over 52% in October 2021. The significant drop in residential transactions could be due to the end of the tax break holiday on property purchases and seasonally lower sa...

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River and Mercantile (RIV) shares zoom 12%: Is the stock a buy now?

River and Mercantile (RIV) shares zoom 12%: Is the stock a buy now?

Highlights  River and Mercantile Group has received preliminary approaches for a possible takeover from competitors - Premier Miton Group Plc and AssetCo Plc. In October, River and Mercantile announced a deal to sell its pensions division ...

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AO World (AO.) shares slump 25%: Can it bounce back by Black Friday?

AO World (AO.) shares slump 25%: Can it bounce back by Black Friday?

Highlights Shares of AO World Plc, an online retailer of domestic appliances and electronic goods, slumped after announcing its interim results for the six months ended 30 September 2021. AO Group reported total revenue of £760 million, a...

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UK oil firms to up decommissioning spending: 2 midcap stocks to buy

UK oil firms to up decommissioning spending: 2 midcap stocks to buy

Highlights OGUK report found that UK oil and gas companies are estimated to spend about £16.6 billion on decommissioning over the next 10 years, as business activity recovers from the pandemic About 1.2 million tonnes of disused oil and g...

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Imperial Brands (IMB) shares: Should you buy before it goes ex-dividend?

Imperial Brands (IMB) shares: Should you buy before it goes ex-dividend?

Highlights Tobacco major Imperial Brands’ shares continued the uptrend, rising over 1 per cent today, ahead of going ex-dividend later this week. The group’s third interim dividend of 48.48 pence per share will be paid on 31 Decembe...

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Pets At Home (PETS) shares soar 7%: Is it the right time to buy?

Pets At Home (PETS) shares soar 7%: Is it the right time to buy?

Highlights Pets At Home’s pre-tax profits were up by 81.3% to £70.6 million for the half-year ended 7 October 2021. Pets At Home Group reported an 18% year-on-year surge in revenues to £677.6 million in the first half of the y...

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Compass Group (CPG) resumes dividend pay-outs: Buy alert?

Compass Group (CPG) resumes dividend pay-outs: Buy alert?

Highlights Catering giant Compass group’s shares dropped almost 2 per cent on Tuesday, despite reporting a surge in its profits and after reinstating dividends. Compass’ FY 2021 underlying operating profit rose by 55.4 per cent to &...

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UK workforce shrinks: 3 recruitment stocks you can buy now

UK workforce shrinks: 3 recruitment stocks you can buy now

Highlights  The UK workforce has undergone a structural change after the Covid-19 pandemic, according to the latest survey conducted by the thinktank The Resolution Foundation. The UK economy continues to recover from the pandemic, with yo...

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Rio Tinto, Fresnillo & Glencore: 3 blue-chip mining stocks to buy & hold

Rio Tinto, Fresnillo & Glencore: 3 blue-chip mining stocks to buy & hold

Highlights  Rio Tinto invested in InoBat Auto, a European battery technology company aimed at supporting the latter’s R&D centre and pilot battery line in Slovakia. Fresnillo reported silver production of 12.7 moz and gold produc...

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3 retail stocks to buy amidst growing Christmas sales

3 retail stocks to buy amidst growing Christmas sales

Highlights Next’s overall full-price sales, including online and retail, for the thirteen weeks to 30 October, were up 17.0% compared to the same period in 2019. JD Sports completed the takeover of an 80% stake in Cosmos Sport S.A., which...

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