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?”…
10 Nov Armchair Trader (Link) “That sentiment was echoed with US equities which closed lower yesterday, “retreating from record highs as concerns that the Republican Tax reform could be delayed weighed on wider sentiment.” noted Accendo Markets analyst, Mike van Dulken.” 9 Nov Reuters (Link) “The focus in more on the strategy update. That just highlights the fact that outlook…
Shares in SSE are now in the red having given up earlier gains of almost 4%. This after confirmation of a deal to de-merge its UK household and services energy business to combine it with Innogy’s own NPower, deigned to pool investment and deliver cost efficiencies. The arrival of “an efficient new independent energy supply…