This week, I have the pleasure of writing about an astonishing week for global financial markets. Not only have we seen one of the largest IPOs of all time take place with Snap Inc. but we’ve also seen fresh all-time times on indices on both sides of the Atlantic. Of course, the plaudits will go…
This week’s UK 100 winners (and losers) demonstrate the power of corporate results and major news, blue-chip shares moving anywhere between -11% and +8%. Music to the ears of short-term traders, but equally as enticing for longer-term investors. To make matters even more interesting, the biggest moves were in names perhaps not on your ‘tradar’…
3 Mar CityAM “This suggests a worrying continuation of what it terms a “tepid” macro environment, clients “grinding it out in a highly competitive game” and a cooling of positive tailwinds,” said Mike van Dulken, head of research at Accendo Markets. “Not really what investors want to hear when shares are just shy of all-time…
Shares in advertising giant WPP (WPP) are struggling, down 6% this morning as investors baulk at the nasty combo of a Q4 slowdown and disappointing outlook. Q4 revenue growth at its slowest since Q3’12 (2.1% year-on-year, organic) is blamed on a tough comparable period and both US and UK clients spending less; understandable, given the…
After what has already been a trying six months for the UK Index outsourcing company, today the company is facing the four horsemen of the Capit-apocalypse. Total Capita-lation. A steaming pile of… you get the picture. The highlights (or lowlights) of the company’s earnings report include pretax profits tumbling by 33%, while a series of one-off…
The announcement made by the FCA this morning that claimants of mis-sold PPI will have until August 2019 to bring forward their cases could have both bullish and bearish connotations for UK banks. The PPI scandal is the largest of its kind in UK history and aside from stemming a multitude of annoying television adverts…