Investors long of oil breathed a collective sigh of relief this week as prices extended their rebound from 9% to 14%, having fallen 18% from mid-April to early May (fresh 6-month lows). With US crude back at $50/barrel and Brent Crude at $53.5, we spy positive technical trading signals that bode well ahead of what…
In a week that threw up just about as many twists and turns as you can shake a stick at, there was one shining light that many investors took stock of. In a break from the political circus of the general election, the UK government announced that Lloyds has finally returned to full privatisation, putting to…
19 May Digitallook “Equity indices are holding their rebound gains, albeit treading water since the European open, as investors weigh up recent market moves. Whilst not electing to take on more risk before the weekend, nor are they taking any more off the table. A positive statement in many ways, given the political headwinds in…
Textile, hygiene and safety solutions group Berendsen (BRSN) is today’s winner, +25% on news of a revised offer from French workwear rental and laundry service Elis (ELIS) aimed at creating a stronger Pan-Euro leader in textile and facility services. The BRSN share price reaction is typical for a takeover offer, however, the 36-40% deal premium…
Over the course of this week, some confusing corporate results from two UK 100 stalwarts have left investors bemused. Despite headline figures of rising losses, shares of one of the firms topped the daily performance charts, while rising profits at another firm have been met with a share price sell-off. What are the reasons behind…
Cloud-based security platform Sophos (SOPH) is topping the this morning, its shares +8.5% to trade fresh record highs in response to FY results. This makes it a trio of favourable updates this year following a 6% jump in early Feb (Q3 trading statement; strong momentum, upgraded outlook) and gains of >15% in early April (FY…