GCIBest AIM Recovery Play Ever? What's Next?
Taking Stock on Tuesday 30th January 2024
Best AIM Recovery Play Ever? What's Next?
Companies mentioned on, "Taking Stock" today:
01:20 & 06:00 & 35:45 Diageo #DGE
02:20 Helium One #HE1
08:45 JD Sports Fashion #JD.
09:45 & 34:10 Dr Martens #DOCS
13:40 Hornby #HRN
14:45 Auction Technology #ATG
20:00 Hvivo #HVO
23:35 & 36:30 Supreme #SUP
23:40 Chill Brands #CHLL
26:35 Argentex #AGFX
29:23 Cornerstone FS #CSFS
30:00 Oxford Cannabinoids #OCTP
30:20 Saga Plc #SAGA
37:05 Great Western Mining #GWMO
37:37 Synectics #SNX
38:15 Speedy Hire #SDY
40:45 Microlise #SAAS
42:00 Fintel #FNTL
43:20 Tertre Rouge Assets #TRA
TOP BUSINESS STORIES
Shop prices rose at their slowest rate in more than 18 months in January
According to the latest report from the British Retail Consortium (BRC), discounts and lower prices for milk and tea saw shop price inflation fall to 2.9%, from 4% in December.
Overall, prices are still going up in the shops but at a slower rate.
On average, food prices are still rising by more than 6% a year.
Separate data from research company Kantar said food price inflation fell at a slower rate in January due to fewer people buying promotional items compared with December.
It said some 86 million more lunchboxes were taken to work in 2023 as people sought to manage budgets more closely.
England and Wales see most company insolvencies since 1993
England and Wales saw the most company insolvencies since 1993 last year, although the rate of businesses going bust was not as severe as during the 2008-09 financial crisis when adjusted for a rise in the total number of companies, official data showed.
Britain's Insolvency Service, a government agency, said 25,158 companies were declared insolvent last year, up from 22,123 in 2022.
Last year 53.7 companies went insolvent out of every 10,000 trading, up from 49.6 in 2022. This was the highest rate since 2014 but much lower than the rate of 94.8 during the 2008/09 recession.
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.