Lego's ready for a digital renovation | British house prices challenged expectations | [Finimize]( Hi {NAME}, here's what you need to know for March 8th in 3:01 minutes. âï¸ Finimized over a long black at [Custard Canteen](, Queensland, Australia (âï¸ 29°C/85°F) Today's big stories - Toymaking giant Lego is building big, but profit growth still took a dip
- Hereâs what this year could mean for 2022âs stock standouts â [Read Now](
- The world huffed and puffed, but British house prices weren't blown down A Ton Of Bricks [A Ton Of Bricks] Whatâs Going On Here? Lego [reported]( on Tuesday that profit growth tumbled like a poorly engineered plastic house last year. What Does This Mean? Demand for Legoâs colorful plastic bricks stacked up last year, so much so that the firm had to scramble to keep up: the worldâs biggest toymaker opened 155 new stores and upped production at over half of its factories. A lot of that enthusiasm was for fan favorites like Lego Star Wars and Harry Potter sets, but all-new creations made up nearly half of last year's sales. That helped Lego build up its market share, with revenue fattening up by 17%. But all that investment â plus some higher costs â inevitably put a dent in profit: 2022âs 4% uptick was the smallest in three years. Why Should I Care? The bigger picture: Brick by brick.
These results are actually better than Lego expected: after all, keeping up with the roaring pandemic years was always going to be a tough task. But the firmâs confident its market share will bulk up even more in 2023 â unlike rivals Mattel and Hasbro, which are predicting flatlining and falling revenue respectively. But Legoâs betting it knows how to avoid their fate: no price hikes and plenty of store openings â particularly in China, where the economyâs finally starting to find its feet again. Zooming out: Virtual value.
Store openings are all well and good, but itâs hard to pull kids away from digital devices these days â and thatâs a threat for old-school toymakers like Lego. The solution: lean into digital. Thatâs Legoâs attitude anyway, so the firmâs also funneling more money into its e-commerce offerings and digital playing experiences. In fact, the coming weeks are expected to reveal details of a metaverse collaboration with Fortniteâs developer Epic Games. You might also like: [Five spicy stocks for Chinaâs reopening.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=A Ton Of Bricks&utm_campaign=daily-global-08-03-2023&utm_source=email) Analyst Take
These Five American Giants Made $100 Billion Profit: Buy, Hold, Or Sell? [These Five American Giants Made $100 Billion Profit: Buy, Hold, Or Sell?]( When a lot of the worldâs big companies were sputtering last year, the profit engines on these [five US giants were purring](. Those impressive showings might lead you to think these companies have got a trick or two up their sleeves â ones that could repeat that [winning performance]( again. But this year could prove a lot tougher for some of the five firms, and thatâs why [our partners at interactive investors]( have been sizing up their stocks and their outlooks. So, thatâs todayâs Insight: [a look under the hood at five US companies that made a fortune in 2022 â and whether they belong in your portfolio.]( [Read or listen to the Insight here]( Meet your future community Letâs face it, even the best brands need a little push to [reach the right audience](. Our [one-million-strong community of modern investors]( is clever, clued-in, and keen to learn. In short, theyâre exactly the type of folk you want to reach. So whether youâre an established brand, scaleup, or startup, [our promotional campaigns]( can help you reach the right audience at the right time. Your tailored campaign will make the most of all the Finimize channels, including live event and Summit showcases, social media blasts, and curated newsletter placements â [yup, right here](. Introduce yourself to your future community with Finimize. [Get In Touch]( House Of Mirrors [House Of Mirrors] Whatâs Going On Here? Data out on Tuesday [showed]( that British house prices took an unexpected leap in February. What Does This Mean? The housing market took a serious hit last year, when the Bank of England's interest rate hikes pushed mortgage rates through the roof. See, with the cost of loans suddenly too hot to handle, folks found that they no longer had the cash â or even the desire â to take the home-owning plunge. But the picture brightened a little in February: mortgage rates dipped from their peak, British consumer confidence ticked up, and the job market held firm. That might help explain why British lender Halifax saw UK house prices climb 1.1% from January to February, confounding economists' predictions of a 0.3% drop. Why Should I Care? Zooming in: Bringing down the house.
Best not declare victory yet, mind you: despite that slight climb, house prices are still trending downward in the long run â and with mortgage rates close to a ten-year high, thatâs no big surprise. What's more, Halifax's data is sharply at odds with rival Nationwide, which claimed just last week that house prices dropped in February. (That sounds like a head-scratcher, but each lender bases its calculations on its own loans, so conclusions differ now and then.) Add on that fewer sales are being agreed these days, and most experts still think house prices will slide this year. The bigger picture: Irate about rates.
UK households could be in for even more pain. While the Bank of England [hinted]( that British interest rates might have peaked, its pal across the pond [said]( on Tuesday that US rates would probably climb even higher than folk expected. Problem is, the prospect of higher rates makes a countryâs currency more attractive to international savers and investors, which might be why the pound plunged versus the dollar after the news â a move thatâll make importing more expensive and squeeze Brits even harder. You might also like: [Housing stocks look to be on solid ground.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=House Of Mirrors&utm_campaign=daily-global-08-03-2023&utm_source=email) ð¬ Quote of the day âI donât try to describe the future. I try to prevent it.â â Ray Bradbury (an American author and screenwriter) [Tweet this]( Put your brandâs know-how in the spotlight Retail investors are constantly on the lookout for reliable, smart, and easy-to-digest information. We like to think our bite-sized, jargon-free content is what theyâre looking for â and your brandâs specialist knowledge sure could help them level up too. [Finimize custom content solutions]( put your brand in the spotlight: demonstrate your expertise with jargon-free guides, and show [our million-strong community]( that they can trust your brand. Our editorial team will work with you to craft and maintain a content strategy that suits your business needs and resonates with our switched-on community, in text, audio, and video formats. [Find out more about custom content solutions](. [Get In Touch]( ð Finimize Live 𥳠Coming Up Soon⦠All events in UK time. ð¥ [Do Recessions Have A Silver Lining?](: 5pm, March 8th
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ð [What Will Be The Next Big Thing In Artificial Intelligence?](: 1pm, March 22nd ð¯ On Our Radar - Youâre projecting. Bad cinema technicians are ruining [the moviegoing experience](.
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- Pass the cockroach milk. Check out the so-called [âsuperfoodsâ of the future](.
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