20 Oct CityAM (Link) Mike van Dulken, head of research at Accendo Markets, said the major contract win offered hope after yesterday’s warning of deteriorating market conditions.He said: “Successful bargain hunters form yesterday will be rubbing their hands, hoping more such announcements are on their way to help the shares fill the latest gap down.” 19…
It’s a 50/50 split for UK 100 risers and fallers this week, the index itself flat. But this masks the fact that ten of the hundred are up/down by more than 5%, some by around 20%! For blue-chips it’s been a truly exciting week with plentiful news flow and the index holding within touching distance…
As we reach the tail end of third quarter earnings season, there are still some major players yet to report their figures. None more so than the lifeblood of the UK economy, the Banks, with the four major players in the sector beginning announcements from next Wednesday. Furthermore, with the UK 100 only 50 points…
Shares in Interserve are up another 14% this morning, extending yesterday’s 30% rebound from profits warning lows (down up to 40%), its second in a month and third for the year. A major contract win (5yr, £227m, facilities management for UK Department for Work & Pensions) offers hope after management highlighted a worrying deterioration in Q3…
I’ve lost count of how many times I’ve heard “it’s got to pull back from here, surely”. Meanwhile the tally of record closing (and intraday) highs grows. The Dow has pushed through 23K, the S&P above 2550, the Nasdaq has bettered 6100 and German DAX smashed through 13K. As a group they have registered nearly…
13 Oct Armchair Trader (Link) The US equity markets retreated from their fresh all-time intraday highs yesterday to close short of Wednesday’s record closes as earnings season begins in earnest. Accendo Markets analyst, Mike van Dulken noted “All three major US indices closed 0.1-0.2% lower following results from JPMorgan and Citigroup, with the former weighing on the Dow Jones alongside…