Shares in housebuilder Crest Nicholson were -7% as the company came out with a miserable H1 report that pointed to ballooning costs and flat pricing structure as a source of lower operating margins (down to 17.2% from 19.1% a year ago). Despite revenues +13%, continuing build cost inflation at 3-4% was devouring pre-tax profits (-2%)….
The strongest factors influencing the direction and momentum of Foreign Exchange (FX) rates are changes in the key interest rates, themselves highly sensitive to macroeconomic data such as inflation and economic growth, as well as geopolitical concerns. Higher interest rates tend to render the currency more attractive (and vice versa) which in turn can result in it…
Shares in NMC Health are almost 5% to the good, leading the UK 100 blue-chip index, after announcing the formation of a joint venture (in which it will have a majority stake and operational control) with Hassana Investment Co. to create new private healthcare platform. Nothing drastically different to the group’s strategy of incremental and…
Friday, 8 June Citywire ‘Faith in the strategy implemented has been waning, with big money spent on premiership football rights, buying back into mobile, a bulging pension deficit and an increasingly attractive dividend yield that has merely begged questions about its sustainability,’ said Mike van Dulken, head of research at Accendo Markets. http://citywire.co.uk/money/bt-chief-steps-down-as-board-loses-confidence/a1127267 Thursday, 7…
Following a tense week of global political worries, Brexit shenanigans and tariff wars, markets are solidly in a risk-off mode going into the weekend. But risk on or risk off, UK Index is always in a trade-on mode and there are solid bargains to grab even when markets are on the defensive. A typical, some…
The other week my colleague Dan talked about trading ranges. Having had a good response to the topic I thought I’d build on the theme by looking at why they exist, how they can be identified and, more importantly, how you can capitalise when they appear on the charts. First things first. A range requires…