4 Small Profitable Companies Crossing their 200 Day Moving Average
Taking Stock on Monday 27th November 2023
Taking Stock: Is a look at today's top business news & investment views plus we cover the winners, losers, the most read company news & the most followed. Today this includes:
4 Small Profitable Companies Crossing their 200 Day Moving Average
These are companies below £300m market capitalisation, profitable with revenue growth and are moving above their 200 day moving average.
Companies discussed on “Taking Stock” today:
00:34 & 03:55 Creightons #CRL
03:00 Hemogenyx Pharmaceuticals #HEMO
06:00 Scirocco Energy #SCIR
06:26 Frontier Developments #FDEV
09:55 Team17 #TM17
11:30 Vodafone #VOD
13:30 Empire Metals #EEE
14:17 Andrada Mining #ATM
14:45 Horizonte Minerals #HZM
16:13 Valereum #VLRM
16:27 Gfinity #GFIN
17:13 Bluestar Capital #BLU
19:28 Metals Exploration #MTL
20:42 Polarean Imaging #POLX
21:06 Revolution Beauty #REVB
21:53 Busveld Minerals #BMN
21:05 Powerhouse Energy #PHE
22:30 East Star Resources #EST
22:50 Concurrent Technologies #CNC
25:30 Gately #GTLY
26:20 Water Intelligence #WATR
27:20 Volvere #VLE
27:50 Epwin #EPWN
30:45 ITM Power #ITM
TOP BUSINESS STORIES
Sunak welcomes foreign firms' £29.5bn 'vote of confidence'
The prime minister will host a group of leading business figures on Monday at Hampton Court to highlight foreign firms' plans to invest in the UK.
Rishi Sunak said £29.5bn of new investment had been promised, which he described as a "huge vote of confidence" in the UK economy.
Deanne Stewart, chief executive of Australia's biggest pension fund Aware Super, is attending the summit and is opening the firm's first overseas office in London to invest in infrastructure, property and private equity.
Ms Stewart said that Aware Super plans to invest £5bn in the UK, adding: "We would not participate in [projects] if they did not have that really strong certainty and really strong policies around them."
As well as Ms Stewart, 200 other business and investment leaders will attend the summitincluding Stephen Schwarzman, chief executive of investment giant Blackstone, David Solomon from investment bank Goldman Sachs and Jamie Dimon at JP Morgan Chase.
British advertised salaries fall but job ads pick up
Advertised salaries in Britain hit their lowest level in six months in October, indicating easing inflation pressure, but a first rise in vacancies since June suggested a recovery in the labour market, a survey showed on Monday.
Job search website Adzuna said annual advertised salaries averaged 36,946 pounds ($46,038.41) last month, down 0.4% from September and taking the decline since April to 1.9%.
However, online job ads climbed 0.35% to 1.03 million adverts, the biggest month-on-month jump since June, helped by pre-Christmas hiring in sectors such as retail and warehousing.
Chinese officials have launched an investigation into one of the country's biggest shadow banks, which has lent billions to real estate firms.
Zhongzhi Enterprise Group (ZEG) has an asset management arm that at its peak reportedly handled more than a trillion yuan ($139bn; £110bn).
Authorities said they are investigating "suspected illegal crimes" against the firm, in a statement on the weekend.
This comes days after reports that ZEG had declared it was insolvent.
The struggling firm reportedly told investors in a letter last week that its liabilities - up to $64bn - had outstripped its assets, now estimated at about $38bn.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.