Shares in household and personal care products supplier McBride slumped up to 18% this morning after the company said full year 2017/18 adjusted pre-tax profits would be “marginally below the lower end of analyst expectations”. The trouble is that “marginally below” is still worse than even the most pessimistic of number crunchers. And traders don’t…
Not even two months after Sainsbury and Asda proposed a merger that could further consolidate an already concentrated UK grocery market, #1 Tesco today announces its intention to form a strategic alliance with France’s Carrefour, France’s #3 behind System A (Auchan/System U partnership) and Leclerc. The aforementioned merger has understandably generated concern about how promised…
Friday, 29 June Financial Times However, Artjom Hatsaturjants, analyst at Accendo Markets, was more upbeat, saying: “We wonder if the share price movement might be an overreaction to the damning headline that screams ‘revenue warning’, while the actual result could have a positive spin in the long run in terms of better profitability.” https://www.ft.com/content/a9812774-7b8d-11e8-bc55-50daf11b720d Thursday,…
A beat of a butterfly’s wings in China can cause a hurricane over the Pacific and the opening of one man’s Twitter account can cause a massive UK Index rally or sell-off. Especially when that man is Donald Trump. I don’t need to explain to you who Trump is and why his words have immense…
This week the UK 100 looks set to close a shade lower. However this masks an impressive sell-off and rebound that could yet turn into a bullish breakout that takes the index back towards June highs, perhaps even May’s record peak. Having kicked off the week on the back foot, amid fresh fears of a…
Shares in Serco are down 5% in morning trading after the outsourcing company cut its FY 2018 revenue guidance by 6%, from £2.8-2.9b to £2.7-2.8b in the latest trading update. Note, however, that Serco maintained its FY profits guidance at £80m, which suggests higher profits margins for the company on the back of transformational cost…