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Three things that grabbed my attention on reading Warren Buffett’s latest letter to shareholders of Berkshire Hathaway
A little over a week ago, Warren Buffett released his annual letter to the shareholders of Berkshire Hathaway. The letter of 24 February. 2024 was attached to an 2023 annual report for the company, but the report doesn’t generate the same sort of buzz. I will of course be talking about the letter here, but,More Read more
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Direct Line shares up 25% after Aegeas confirms it is considering a 233p per share offer
Shares in Direct Line (LSE: DLG) are up 25% after Ageas SA/NV, a Belgian-based insurer, confirmed media speculation that it was considering a possible offer for Direct Line. Aegeas management has not yet taken the proposal to Direct Line’s board, and it reserves the right to make an offer on less favourable terms. The offerMore Read more
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The GSK share price has barely budged despite positive phase three trial data for a new antibiotic.
GSK (LSE: GSK), he company formally known as GlaxoSmithKline when it had a consumer healthcare business as well as a pharmaceutical one, released promising results from its Eagle-1 phase three clinical trial for gepotidacin in uncomplicated gonorrhoea yesterday. You would not know that by looking at the GSK share price which declined through to today.More Read more
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BP shares are yielding 4.8% but they go ex-dividend today
BP (LSE: BP) has experienced a volatile year, with its share price currently trading at 479p, reflecting a 1.86% increase year-to-date. The stock faced a minor setback on February 1 due to an electrical failure at a US refinery but rebounded following the release of its full-year 2023 earnings report on February 6. BP reportsMore Read more
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The UK stock market and indexes like the FTSE 100 are cheaper than their US counterparts like the S&P 500 but are they undervalued?
UK stocks markets have disappointed so far in 2024. The FTSE 100 and FTSE All-Share are both down since the new year rolled around. In contrast the S&P 500 is up, handsomely. The last five years tell the same story. The FTSE 100 is about where it was a half decade ago, yet the S&PMore Read more
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Petrofac is the UK’s most shorted stock with a net short position of almost 12% against it
It’s probably not a good sign if a stock is shorted. Find out which UK stocks are the most heavily shorted as of Friday, 10 February, 2024More Read more
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