Michael Fahy

London

Writer at Investors Chronicle Magazine

Companies writer @IChronicle. Previously @TheNationalNews, @Zawya, @cwmiddleeast, @BusinessDesk_NW, @crainsmanchester and elsewhere.

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Articles

Directors’ deals: Next executive cashes in

1 week ago | ft.com | Michael Fahy

The trepidation about consumer spending that marked the start of 2025 appears to be easing — in the UK, at least.
Are pub stocks getting over their hangover?

1 week ago | investorschronicle.co.uk | Michael Fahy

A new government initiative and bargain ratings offer investors reasons for cheerPublished on April 11, 2025Earlier this month, the government announced plans to “back the British night out”, by easing some of the restrictions under which pub and nightclub owners operate. It promised a package of measures, including a scheme being piloted in London where mayor Sadiq Khan has been given powers to review blocked licence applications in areas already deemed nightlife hotspots.
Tesco strengthens position amid rising market pressure

2 weeks ago | investorschronicle.co.uk | Michael Fahy

Supermarket giant cuts guidance to give it the “firepower” to respond to a potential price warPublished on April 10, 2025Share price has fallen by 16% this year£1.45bn buyback announcedIf the notion of a full-blown supermarket price war might be overselling things, there’s enough evidence in Tesco’s (TSCO) full-year results that shoppers can at least benefit from a price scuffle.
Are alcohol stocks harmful to your wealth?

2 weeks ago | investorschronicle.co.uk | Michael Fahy

The trend towards drinking premium spirits is unwinding, and share prices of distillers are falteringPublished on April 9, 2025In January, the person charged with protecting the health and wellbeing of the American people issued a warning about the dangers of drinking alcohol. It is a move in keeping with wider trends that are casting a pall over the sector.
Saga trades at just 2.2 times cash, but debt clouds turnaround story

2 weeks ago | investorschronicle.co.uk | Michael Fahy

Offloading the insurance underwriting arm to Ageas has triggered a big writedown in the value of its broking businessPublished on April 9, 2025Refinancing provides breathing spaceDebt servicing eats into operating cash flowThe transformation of Saga (SAGA) from an all-encompassing platform selling services to the over-50s to a cruise line with a sideline in financial services broking has not been pretty.
Hilton makes a meatier margin

2 weeks ago | investorschronicle.co.uk | Michael Fahy

Hilton makes a meatier marginFalling prices keep top line flat but healthier volumes lift marginsPublished on April 8, 2025
Applied nutrition suffers margin attrition

2 weeks ago | investorschronicle.co.uk | Michael Fahy

Full-year revenue and profit guidance upheldShares have lost a quarter of their value since IPOApplied Nutrition (APN) released its first figures as a listed company on a morning when markets were a sea of red, and the 3 per cent slide in its share price was less than the 5 per cent drop in the FTSE SmallCap index.
UK stocks count the cost of American tariffs

3 weeks ago | investorschronicle.co.uk | Michael Fahy |Julian Hofmann

Duties were not as steep as expected for the UK, but the impacts will reverberate beyond the hardest-hit countriesPublished on April 3, 2025by Michael Fahy and Julian HofmannGlobal markets fell after US President Donald Trump made a “declaration of economic independence” on Wednesday, imposing a sliding scale of tariffs on the country’s main trading partners. In Asia, the Nikkei 225 fell by 2.8 per cent, while Hong Kong’s Hang Seng Index fell by 1.5 per cent.
Will a price war hit supermarket shares?

3 weeks ago | investorschronicle.co.uk | Michael Fahy

Asda’s thousands of price cuts sent the shares of rivals down, but analysts are split on what comes nextPublished on April 2, 2025Allan Leighton has certainly made waves since returning to run the UK’s third-biggest supermarket chain, Asda.
Bakkavor board accepts Greencore’s meatier £1.2bn offer

3 weeks ago | investorschronicle.co.uk | Michael Fahy

Revised bid will see Bakkavor shareholders own 44% of the combined entityPublished on April 2, 2025Bakkavor’s (BAKK) board has accepted an improved offer from Dublin-based competitor Greencore (GNC), which values the company at £1.2bn. Greencore’s third cash-and-share offer equates to around 200p a share, which is a 32.5 per cent premium to Bakkavor’s closing price on the day before Greencore’s initial offer was made public.