GCICan these Performers keep Performing?
Taking Stock on Friday 26th January 2024
Can these Performers keep Performing?
If winners keep on winning these companies are worth looking at because they are at their 52 week highs.
Companies mentioned on, "Taking Stock" today:
04:20 4Imprint #FOUR
06:00 Cranswick #CWK
06:45 & 51:00 Warpaint London #W7L
11:20 Time Finance #TIME
12:50 Cairn Homes #CRN
14:00 Autotrader #AUTO
14:50 Motorpoint #MOTR
18:00 Avon Protection #AVON
22:10 Chill Brands #CHLL
22:39 Global Petroleum #GBP
23:00 Predator Oil & Gas #PRD
23:30 AFC Energy #AFC
24:30 On The Beach #OTB
27:50 Helium One #HE1
28:50 CT Automotive #CTA
32:09 Hargreaves’s Lansdown #HL.
34:55 Learning Technologies #LTG
40:44 & 52:15 Titon Holdings #TON
42:00 Silver Bullet Data Services #SBDS
43:40 Michelmersh Brick Holdings #MBH
43:50 Brickability Group #BRCK
44:00 Forterra #FORT
45:15 Active Energy #AEG
46:05 & 52:17 Coral Products #CRU
51:50 Haydale Graphene #HAYD
TOP BUSINESS STORIES
Lower inflation lifts UK consumer sentiment to two-year high
British consumers are their most confident since January 2022 as lower inflation helped them to feel better about their finances, a survey showed on Friday, welcome news for Prime Minister Rishi Sunak before a national election expected this year.
The GfK consumer confidence index rose to -19 in January from -22 in December. A Reuters poll of economists had forecast a slightly smaller improvement to -21.
While British inflation unexpectedly rose to 4% in December, denting investors' hopes of quick interest rate cuts by the Bank of England, it is well below its peak of 11.1% in October 2022.
UK halts trade negotiations with Canada over hormones in beef ban
Negotiations between the UK and Canada on a post-Brexit trade deal have broken down after nearly two years, following a row over beef and cheese.
Canada has been pushing for the UK to relax a ban on hormone-treated beef, which its producers say in effect shuts them out of the British market.
Meanwhile, the UK has concerns about Canada putting import taxes of up to 245% on British cheese products.
The pause in talks mean British car firms could also face higher tariffs.
It will also mean the UK's trading terms with Canada will now be worse than when it was part of the EU's deal with the country.
Total goods trade between the two countries was worth £19.2bn in 2020, according to the UK government, with UK imports from Canada worth £7.3bn and UK exports to Canada worth £11.8bn.
Tesla: Electric carmaker's shares slide after Musk warns of slowdown
Shares in Tesla slumped by more than 12% on Thursday after it warned its sales growth would be weaker this year than in 2023.
That wiped around $80bn (£63bn) off the company's stock market value.
The electric carmaker, which is led by multi-billionaire Elon Musk, said its sales growth "may be notably lower" in 2024 despite cutting prices.
Tesla's annual earnings, which were announced on Wednesday, also came in below Wall Street expectations.
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.