Tekcapital portfolio company Innovative Eyewear has recently received notices of allowance on three new design patents covering its forthcoming Lucyd Armor smart safety glasses product. The allowed design patents (application Nos. 29/806,204, 29/806/207, 29/806/209) protect the ornamental design of the AR-enabled protective eyewear. The company has also filed new utility and design patent applications specifically […] The post Tekcapital Innovative Eyewear addresses $4bn safety glasses market with new patents appeared first on UK Investor Magazine ..read more

The FTSE 100 maintained its positive tone on Thursday, with corporate earnings providing investors the impetus to buy into London’s leading equities.  London’s leading index briefly traded above 8,100 – a new intraday high – before falling back to trade at 8,077 at the time of writing. “The FTSE 100 is having the time of […] The post FTSE 100 breaks above 8,100 as BHP bids for Anglo American appeared first on UK Investor Magazine ..read more

Data analysis and information publisher Merit Group (LON: MRIT) has conformed that it made a sharp improvement in profitability in the year to March 2024. Cost control and positive foreign exchange movements helped pre-tax profit reach £1.2m. A further improvement to £1.7m is expected for 2024-25. The share price increased 19.6% to 64p. Transport infrastructure […] The post AIM movers: Merit profit recovery and ex-dividends appeared first on UK Investor Magazine ..read more

Barclays Q1 update is another steady-as-you-go report from a UK bank. With clouds forming over banks’ net interest margins and questions remaining about the global economy, Barclays investors will be pleased to see that the bank performed marginally better than expected in the first quarter. Total income was £7bn, a smidge higher than the £6.9bn […] The post Barclays shares jump as income and profits beat expectations appeared first on UK Investor Magazine ..read more

After the acquisition of Argos, the supermarket decided to refocus on its bread-and-butter food business and bolster its position in the grocery market amid growing pressure from discounters. The measures implemented by Sainsbury’s are working as intended, and grocery sales grew 9.4% in the 52 weeks to 2nd March 2024. Total retail sales grew 6.8% […] The post Sainsbury’s strategy to focus on food leads to sales growth appeared first on UK Investor Magazine ..read more

Anglo American shares surged sharply higher on Thursday after BHP, the world’s largest mining company, made a $31bn approach for the company. The move comes amid a recovery in commodities prices and improving sentiment towards China. Starting from a low base, investor sentiment toward Chinese equities is warming, and stocks with exposure to the world’s […] The post Anglo American shares surge higher as BHP proposes takeover appeared first on UK Investor Magazine ..read more

There’s no stopping the FTSE 100’s ascent this week as the index looked set to break to another fresh record high. The FTSE 100 was 0.4% higher at 8,077 at the time of writing on Wednesday, as upbeat earnings helped lift the index while the risk premium associated with geopolitical tensions dimished. “The FTSE 100 […] The post FTSE 100 continues rally as Reckitt Benckiser jumps appeared first on UK Investor Magazine ..read more

Tesla shares were 10% higher in the US premarket after the EV maker released earnings in which revenue missed despite broad price cuts. Musk outlined a strategy to take on increased competition by integrating next-gen technology into ranges targeted at the mass market. Plans to accelerate the launch of robotaxis and autonomous vehicles were an […] The post Tesla shares jump despite revenue miss as Musk outlines strategy appeared first on UK Investor Magazine ..read more

After near-constant disappointment for Reckitt Benckiser investors since the pandemic, they finally have something to cheer about. Like-for-for like sales grew 1.5% in the first quarter as a mix of higher sales prices and steady volumes culminated in a robust period for the group. Prices did most of the heavy lifting, rising 2% while volumes […] The post Reckitt Benckiser investors finally have something to be happy about appeared first on UK Investor Magazine ..read more

Lloyds shares were marginally lower on Wednesday after the bank said profits fell in line with expectations but reaffirmed guidance for 2024. When we previewed Lloyds earnings last week, we questioned whether the higher rates ‘party’ was over for Lloyds, and it appears it is.  Net interest margin (NIM), the key profitability metric dictated by […] The post Lloyds kicks off UK bank earnings season with steady but uninspiring results  appeared first on UK Investor Magazine ..read more