In mid-July we asked whether subsidence could worsen. And it did, right though to end-August, from which the chart found support at 40p, albeit with gains and falls of up to 60% on news of contract wins, disposals, bid spec and financial updates. Today, however, the shares have plunged yet another 60% to fresh record…
Shares in engineer GKN have made a worrying breach of October’s 298p post profits warning lows, just over a month since we highlighted the risk of more bad news. A much bigger charge following a review of its Alabama facility (£80-130m vs £15m prev.) will fuel real concern about more skeletons in its North American…
TalkTalk shares are the UK Index standout loser this morning, down 10% after announcing a triple whammy of bad news. First up is an unsightly first-half net loss. Secondly, the lowering of FY guidance. And to top it off is a more than 50% cut to the interim dividend, with little or no explanation, resulting…
Macro observations It’s been a long weekend in Downing Street; having forced the resignation of a second cabinet member in as many weeks, Prime Minister Theresa May woke up on Sunday to reports that 40 members of her own party were ready to commit to a vote of no confidence, just eight MPs shy of…
Building on momentum or cracks in foundations? Next week sees the final batch of UK 100 companies reporting their earnings from the previous quarter; a host of names from a key sector to the British economy will announce financial figures to the market. The Housebuilders, bellwethers for the state of the UK economy, are traditionally…
In many ways this results season is no different to any other. We’ve had the usual mix of positive and negative company updates, and spicy share prices moves. But I’m still being asked the same old questions about share price reactions, to which my response never changes. “What will the shares do on results day?”…