Taking Stock on Thursday 7th December 2023
The One Quality you need to Make Money in the Stock Market
Patience is key. Especially in this market it is essential you have the discipline to exercise some patience.
You can afford to wait for financial results to come out before you take a position because if there's any whiff of under performance or doubt about the outlook, then the share price gets hammered. See for example share price today.
Companies Mentioned on, "Taking Stock" today:
01:00 & 22:30 Future Plc #FUTR
09:50 Polarean Imaging #POLX
17:50 Shield Therapeutics #STX
22:00 Silver Bullet Data Services #SBDS
22:30 & 28:30 Vertu #VTY
23:00 Motorpoint #MOTR
26:15 Deliveroo #ROO
26:47 easyJet #EZJ
29:40 Games Workshop #GAW
33:45 Tui Plc #TUI
34:55 AJ Bell #AJB
37:20 Hargreaves Lansdown #HL.
39:43 Barratt Developments #BDEV
39:50 Taylor Wimpey #TW.
40:00 & 44:14 Persimmon #PSN
TOP BUSINESS STORIES
House prices rise again as mortgage rates ease
House prices rose again last month and there are signs that activity in the market is picking up, according to the UK's biggest mortgage lender.
Halifax said prices rose by 0.5% in November, the second increase in a row.
It said recent figures for mortgage approvals suggested "a slight uptick" in activity among buyers as the cost of home loans eases.
However, prices are still lower than a year ago, and Halifax said the market would remain under pressure in 2024.
Property prices are 1% lower than in November last year, the lender said, with the average property costing £283,615.
UK's hot labour market shows sign of cooling
Britain's labour market remains tight, despite a fall in job postings by employers over the course of 2023 and broader weakness in the economy, figures from recruitment platform Indeed showed on Thursday.
At the start of December last year, there were 48% more job postings on Indeed than before the COVID-19 pandemic. But on Dec. 1 this year, this had shrunk to 10%.
"The UK economy enters 2024 facing strong economic headwinds. But the labour market continues to show resilience and the imbalance of labour demand and supply is only gradually easing," Indeed economist Jack Kennedy said.
Indeed said the percentage of job postings offering the option of remote or hybrid working had dropped to 14.4% by the end of October from an all-time peak of 16.3% in early May, possibly reflecting slightly less competition for staff.
Cash use grows for first time in 10 years as people pay closer attention to household budgets
Cash usage has grown for the first time in a decade as households look to balance their budgets amid the cost-of-living squeeze.
Across the UK, coins and banknotes accounted for nearly a fifth (19%) of transactions in 2022, according to the British Retail Consortium (BRC) annual Payments Survey.
Its report said: "This year's Payments Survey shows an increase in cash usage for the first time in a decade, up from 15% (in 2021) to just under 19% of transactions (in 2022).
Card payments were used for 76% of transactions in 2022, with debit cards accounting for around four in five of these transactions.