Taking Stock on Friday 20th October 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:
The market has been bad but is it about to get worse?
COMMENTS
Chris
Thanks again guys. Been investing for two years and all questions I had posed to those in the know were answered by 'dyor'. Great advice but meaningless unless you know how. Then I stumbled into the cashmere podcast and daily watch you go through how to do research. You need to cotton on to how useful this is and put together a lexicon pod. If this pod was a chart, even John would be ramping
Companies discussed on “Taking Stock” today:
Destiny Pharma #DEST 07:00
Intercontinental Hotels 08:05
Ocado #OCDO 08:10
RELX #REL 14:00
XP Factory #XPF 16:30
Avacta #AVCT 17:20
Harland & Wolff #HARL 19:43 & 42:00
Atlantic Lithium #ALL 20:10
Tirupati #TGR 22:10
Upland Resources #UPL 23:25
ITM Power #ITM 24:09
Quantum Blockchain Technologies #QBT 25:30
Oxford Biodynamics #OBD 27:15
Xeros Technology #XSG 28:50
Hargreaves Lansdown #HL. 31:55
JD Sports #JD. 32:30
Sanderson Design #SDG 33:55
Shoe Zone #SHOE 34:36
Belvoir #BLV 35:20
H&T #HAT 35:30
Journeo #JNEO 36:00
Good Energy #GOOD 37:05 & 43:27
YouGuv #YOU 38:29
Team17 #TM17 38:49
Spirax-Sarco #SPX 39:30
MOST FOLLOWED
Quantum Blockchain Technologies
MOST READ RNS
Harland & Wolff - Contract Win - SeaRose Upgrade
Atlantic Lithium - Mining Lease Granted for Ewoyaa Lithium Project
Upland Resources - September JTS Summary
ITM Power PLC announces completed sale of Motive Fuels Ltd
Oxford BioDynamics - Director/PDMR Shareholding
RISERS
Harland & Wolff - Contract Win - SeaRose Upgrade
FALLERS
Xeros Tech Grp - 2023 Interim Results
TOP BUSINESS STORIES
Warm weather in September hits autumn coat sales
Retail sales fell more than expected in September as shoppers held back buying autumn clothing amid unseasonably warm weather, official figures show.
Consumers also struggled with cost of living pressures, the Office for National Statistics (ONS) said.
Around the world, September was the warmest on record due to ongoing global warming, and the El Niño weather event.
Sales volumes fell 0.9% in the month, the ONS said, while economists had predicted a 0.2% fall.
Banks call for clarity on Britain's investment path to net-zero economy
Britain needs to better track funds going into green investments to assess how much is needed from the private sector and should consider targeted tax changes to encourage sustainable projects, banking industry body UK Finance said.
In its first major position paper on the topic, UK Finance also told the country's political parties that more clarity is needed on the path to a net zero economy to help financial markets muster the huge amounts of capital needed.
China curbs graphite exports in latest critical minerals squeeze
China announced on Friday that it will require export permits for certain graphite products to protect national security, its latest move to curb shipments of minerals that are critical to the energy transition.
Graphite, a soft form of carbon, is a key component of batteries for electric vehicles and China is the world's top producer, accounting for two-thirds of global supply, according to the U.S. Geological Survey (USGS).
Elon Musk says X to have two new premium tiers
Elon Musk has said his social media platform X, formerly known as Twitter, will launch two new tiers of premium subscriptions.
"One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads," the billionaire said in a post on X.
It comes as the firm started charging new users $1 in New Zealand and the Philippines for accessing the platform.
Mr Musk did not provide more details on the plans.