Payment services provider Paysafe Group (LSE:PAYS) said this morning that it expects 2016 results to be "ahead of market expectations". The group's revenue is set to "exceed $1 billion", while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to reach $300m for the first time.
The bullish tone of this morning's update was probably also a response to December's short-selling attack, which wiped 16% off Paysafe's share price in one day.
The grocery sector has delivered some post-festive cheer, with Morrisons, Sainsbury's and Tesco issuing bumper results this week, but a cloud hangs over clothing retailers following Next's recent slump. Can the sector avoid a fashion disaster?
This morning's 4% rise for Debenhams (LSE:DEB) makes it one of this week's top retail performers. The department store group said that like-for-like sales rose by 5% over the Christmas period and by 3.5% over the eighteen weeks to 7 January.
Online sales rose by 13.9% during the same eighteen-week period, raising two-year online sales growth to more than 25%.
Market appetite for Sage Group (LSE:SGE) has trended lower since the stock hit record tops in October, the firm now dealing at a 10% discount to those heady levels. I reckon this provides a fresh opportunity for savvy dip hunters to pile in.
And I reckon a bubbly full-year statement (scheduled for Wednesday, 30 November) could prompt fresh inflows into the accounting software specialist.
While the FTSE 100 continues to trade close to its all-time high, there are a number of bargain buys on offer. Certainly, the short run could prove to be a challenging time as political risk remains high from Brexit and a new US President. However, for long term investors there continue to be excellent opportunities from high quality stocks which offer wide margins of safety. Here are two such companies which could be worth buying before the end of the year.
The healthcare sector is likely to become increasingly popular over the coming months. Why? The global economy faces a degree of risk that's exceptionally high with Brexit, a new US presidency and a continued slowdown in China likely to have at least some negative impact on growth rates. As such, healthcare's low positive correlation with the wider economy is likely to prove popular among investors.
Few expected Donald Trump to sweep to the US presidency, and few expected sterling to be one of the immediate beneficiaries.
Yet sterling enjoyed a dramatic and unexpected 'Trump boost', surging in the wake of the shock election result, as investors suddenly started to treat the UK has a safe haven. After talk of the pound hitting parity with the dollar, it was suddenly trading at a more respectable $1.26. It is now up more than 5% against the euro, currently trading at around ?1.16, a big leap from the lows around ?1.10.
Over the coming months, share prices are likely to be volatile following Donald Trump's election win. That's not necessarily because his policies are good or bad, but rather because they're likely to represent significant change from the status quo. As such, investors are likely to adopt a more cautious attitude over the coming weeks and particularly once Trump becomes President.
Since the EU referendum, the pound has weakened by as much as 18% versus the dollar. This has been caused by uncertainty surrounding the UK's economic outlook, as well as an increasingly loose monetary policy in the UK. The effect of weak sterling on UK retailers has been mixed, with one retailer today reporting difficulties caused by the weak pound and another saying that it has benefitted its business - a lot.
News of declining earnings has seen private hospital group Mediclinic International (LSE:MDC) fail to keep touch with its FTSE 100 peers in Thursday business, the stock last seen dealing 6% lower on the day.
Mediclinic -- which operates medical facilities across South Africa, Switzerland and the United Arab Emirates -- announced that underlying earnings per share dropped 26% during April-September, due to the cost of acquiring the Al Noor hospital group.