This weekend sees the culmination of the most important election of 2017 so far, with France, one of the EU’s remaining ‘big two’ economies, electing its new president. But the election won’t just be felt in France; Sunday’s vote has global implications, for equities, indices and foreign exchange markets alike. What could the repercussions of…
5 May CityWire ‘For loyal investors it’s a case of small mercies, after 2017 guidance was cut and 2018’s withdrawn so abruptly in January,’ said Mike van Dulken, head of research at Accendo Markets. http://citywire.co.uk/money/train-gains-as-pearson-soars-mands-lands-ex-asda-boss/a1013595 4 May Proactive Investors Mike van Dulken, head of research at Accendo Markets, commented: “Even Jan’s equivalent of a corporate…
Pearson (PSON) may have finally turned a page, its share price looking the perkiest in a long time; +11%. This comes courtesy of a reassuring and long overdue trading update comprising 6% underlying Q1 sales growth, in line with guidance. Coupled with a review of its US K12 business, and plans for another £300m in…
Next (NXT) shares are bottom of the UK 100 this morning after disappointing Q1 sales forced management to cut only recently issued FY guidance for revenues and profits. Today’s share price drop of 6.6% is the worst since January’s -14.4% reaction to a profits warning and very gloomy outlook. Thereafter you have to go back…
Last week I wrote about how a strong pound sterling was proving a hindrance for the UK Index and its many internationally exposed names (reminder). We are witnessing a similar drag on the index into this long weekend, GBP having embarked on another leg higher (bullish pennant?) versus the USD to trade its best since…
As we clock off for yet another Bank holiday weekend, this three-day break provides a fantastic opportunity for traders to take stock (no pun intended) of the week that was. The latest in a string of eventful trading weeks, we take a breather as we look forward to another jam-packed week ahead. Even if it is…