Panmure Liberum downgraded Dunelm Group PLC from 'hold' to 'sell', cutting its target price from 820p to 590p due to concerns over the retailer's ability to reaccelerate sales growth, achieve £100 million in cost savings, and overhaul its technology within three years. The broker highlighted that Dunelm's recent capital markets day revealed plans for over £260 million in growth investment, but much of this may be aimed at stopping sales decline rather than boosting growth. Profit forecasts were cut by about 7%, with adjusted pre-tax profit now expected to remain flat at around £211 million for the year to June 2027. Panmure Liberum also noted slowing market share gains and limited evidence supporting Dunelm's strategy to optimize store space and product range, raising doubts about near-term cash generation and dividend potential.
Tesla's stock has shown significant volatility around earnings reports, moving 8% or more after 10 of its last 15 earnings announcements. This pattern highlights the market's strong reaction to Tesla's financial results, making its stock particularly...
Chainlink's native token LINK fell 2.23% over the past 24 hours, trading at $11.98 as of early Sunday. The price faced resistance around $12.26 and stronger resistance at $12.54, while support levels were noted at $11.72 and $11.46. Various moving av...
Justin Sun, founder of TRON, sold 80-90% of his Ethereum holdings between $3,600 and $4,000, reallocating the proceeds primarily into US technology stocks, including a significant position in NVIDIA and the Nasdaq 100 index. He retains 20% of his ori...
On October 17, 2026, two Bitcoin wallets from 2013 moved a combined 416.69 BTC, worth about $34 million, after more than 13 years of dormancy. These transfers occurred within seconds and suggest coordinated activity, though there is no evidence the c...
This week, closed-end funds (CEFs) had mixed performance with 10 of 26 sectors rising on price and 15 of 26 sectors increasing on net asset value (NAV). Master Limited Partnerships (MLPs) led the gains, while Senior Loans lagged, showing the widest s...
