26 April 2024

The FTSE 100 has once again made a strong challenge on the 8,100 level closing up at 8,078.86 yesterday.  It has pushed on this morning through that level peaking at over 8,150 although it has once again fallen back to stand at 8,115 just before noon.  It was good to see AstraZeneca shares close at over £120 last night – readers will recall that we tipped them as a trading buy at £96 in the February issued.  A gain of 25% in just two and a half months is not to be sneezed at.  Nevertheless, the fact that interest rate cuts may not come until later in the year will act as a negative on the market and so some general profit taking may soon be seen.

Featured Companies

Looking for a quick 10% gain!

4 March 2024 - NEW SHARE TIP Marston's - 29.25p We believe that shares in the pub and brewing group Marston's are worth a look following their recent price action.  The share price has dropped from 35.4p at the beginning of January to 29.25p - a decline of almost 17.5%. ...

The latest from The Trader

AIM MARKET

Journeo – 263p

25 April 2024 - director dealing Non-executive director Barney Kent has purchased 9,656 shares in the company at 258.89p.  This purchase worth around £25,000 is...

Alliance Pharma – 36.1p

22 April 2024 - notice of results The AIM-listed pharmaceutical group has been forced to delay its annual results' announcement once again as the auditors,...

Journeo – 257p

22 April 2024 - new contract The company has announced yet another new contract, this time in Sweden, for its transport information systems which will...

Surgical Innovations – 0.5p

18 April 2024 - final results The AIM-listed technology group has announced its annual results for 2023 and these make for encouraging reading.  Revenues for...

MAIN MARKET

AstraZeneca – 12026p

25 April 2024 - trading update Strong first quarter results from pharmaceutical group AstraZeneca have resulted in the shares rising to over £120 compared with...

JD Sports Fashion – 116p

24 April 2024 - acquisition The leading retailer of spaorts and outdoor goods has announced that it is to increase its exposure to the world's...

Volex – 298p

18 April 2024 - trading update The power and data connection group has issued a trading update for the year to 31 March and this...

Qinetiq – 331p

16 April 2024 - trading update The leading UK defence group has issued a trading update covering the final quarter of its financial year ending...

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