Engineer GKN’s shares have undone most of what was an otherwise enticing 6-week 15% rebound, dashing any hopes of another 8% bullish flag rally to revisit 2017 highs of 380p. Its sharp declines of up to 10% this morning have put the shares firmly in the UK 100 dog house. This comes after management was…
6 Oct Proactive Investors (Link) Mike Van Dulken, at Accendo Markets, reckons the real figure to watch out for in the non-farm payrolls will be wage growth. “With unemployment holding around lows, the real focus will be on wages growth. If this can hold at 2.5% annually, it supports recovering consumer inflation (and stable core), merely bolstering…
The last three weeks have seen the UK’s UK 100 blue-chip index of shares bounce over 300 points (+4.1%). And it’s still pointing north. Impressive when you consider we’ve had multiple events, some of which tragic (Las Vegas attacks) and others more political (Catalonia referendum) which one would assume could scupper the uptrend. But it’s not just…
Some of the biggest winners and losers on the UK Index this week can be derived from UK Prime Minister Theresa May and the Conservative Party Conference. Nothing to do with the P45 prank or uncontrollable coughing, rather her party pledge to help fight for consumers on two fronts: energy prices and the housing market….
Shares in #1 UK grocer Tesco have already given up 2% results-inspired gains as investors dig deeper into what is, on the surface, a solid set of results. Drastic Dave Lewis’ continued aggressive cost-cutting has helped deliver an impressive eight-fold increase in pre-tax profits and a consensus beat once exceptionals are stripped out. Great news…
Macro observations If last week was the week of the central bankers, this week, it’s time for the politicians to take back control. Figuratively, at least. After the chaos of the Catalonian independence referendum over the weekend, the European Union has reiterated the Spanish government’s view that the referendum was illegal, as well as maintaining…