Accendo Press Quotes - Week Ending 9 March 2018

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Accendo Press Quotes – Week Ending 9 March 2018

9 March

Reuters

“Management capitulated, doing the last thing you want to when trying to keep investors from jumping ship – slash the dividend”, Mike van Dulken, head of research at Accendo Markets commented.
https://www.reuters.com/article/us-europe-stocks/no-set-trend-for-european-shares-as-focus-turns-to-u-s-jobs-idUSKCN1GL0ZU?il=0

8 March

The Guardian

Mike van Dulken of Accendo Markets says Countrywide is suffering from its own mistakes, as well as the slowdown in the UK property markets:The company is paying dearly for the acquisitive growth that helped its shares climb 80% to peak at 700p just 12-months after its March 2013 IPO.
The problem is that the seemingly unbreakable UK housing market finds itself under increasing pressure with buyers deterred by economic uncertainty related to Brexit and the prospect of higher interest rates, letting investors hampered by both tax changes and rate hikes, clear slowing in house price growth and of course fierce competition from cheaper on-line selling alternatives.
https://www.theguardian.com/business/live/2018/mar/08/chinese-exports-trade-wars-trump-tariffs-ecb-mario-draghi-business-live?page=with:block-5aa0fde1e4b0ad9b23550d96

7 March

LSE

Henry Croft, research analyst at Accendo Markets, said the drop in the share price “either reflects that the advertising push won’t be enough to stymie slowing growth, or that it won’t be able plug the impact of aforementioned Australian law changes and a potential £150m black hole from a cap on UK fixed-odd betting terminals”.
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=27158228&ArticleHeadline=Paddy_Power_Betfair_swings_to_profit_in_2017

6 March

Financial Times

Mike van Dulken, head of research at Accendo Markets, noted that shares in all paper and packaging companies were higher on Tuesday “based on hopes of consolidation in the packaging sector”, and amid global efforts to reduce the amount of plastic used by consumers.
https://www.ft.com/content/d285b332-2116-11e8-a895-1ba1f72c2c11

5 March

CityAM

Michael van Dulken, head of research at Accendo Markets, added that the UK will be in the “worst of positions” as it will have to stick with the EU on “tit-for-tat tariffs” while still being unable to finalise new trade agreements.
http://www.cityam.com/281662/donald-trump-stands-firm-over-steel-and-alumnium-tariffs

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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