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Market Archive

Fund flows show investors favoring bonds over stocks

Weekly flows into global mutual funds indicate that investors are maintaining a bullish bias for bonds and gold, while still scouring stocks—seen by some as pricey—for bargain opportunities, according to Bank of America Merrill Lynch research. Over the past week, investors poured $6.6 billion into bonds funds and $3.7 billion into stocks. Gold funds attracted

Hornby shares veer off the tracks after model maker warns trading is below expectations and pressure from competitors is cranking up

Shares in troubled model train maker Hornby veered off the tracks today after it said trading in the current financial year was below expectations. The Margate-based toy maker, famous for its train sets, said increased competition, softer demand and reduced promotional activity contributed to a weaker performance. The Hornby share price was down 11.8 per cent,

Housebuilders Barratt and Berkeley post another set of strong results but their shares slide on warnings of market slowdown

There were more good numbers from UK housebuilders today as Barratt Developments and Berkeley Homes posted rising profits despite signs of a slowdown in the housing market. Barratt, the UK’s largest housebuilder, said pre-tax profits rose 12 per cent to £765.1million in the year to June 30, while revenue rose 9.8 per cent to £4.65billion.