24 Feb Digital Look Mike van Dulken at Accendo Markets said: “UK Index sentiment may be impacted by RBS chalking up its ninth straight annual loss and outlook suggesting more to come (legacy clean-up, US legal settlements) before a return to profitability. This is rather at odds with peer Lloyds which continues to recover, able…
Shares in Barclays (BARC) are contributing most to the UK Index this morning (+5pts), helping keep the index above water on well received FY 2016 results. The bank confirms it was back in the black for 2016, helped by a welcome 69% drop in legal charges, a surge in investment banking revenues and profits, and…
Having helped lead the way yesterday, Banks are today’s index millstone after disappointing Q4/FY results from heavyweight HSBC (-6.1%) spooked investors in sector peers ahead of report cards this week expected to show profits progress for Lloyds and Barclays to keep their shares in post-Brexit uptrends, but RBS still struggling with legacy issues. Profits for…
Macro observations With another week comes another debate, as Sterling is set to to take yet another ride on the Brexit rollercoaster. This week, the latest hurdle to face the UK’s exit from the European Union is the House of Lords, with the upper house of Parliament beginning its review of the Article 50 bill…
We are blessed with a whirlwind of exciting M&A news at the moment. At the risk of being a party pooper, however, I have reservations about the latest between Kraft-Heinz and Unilever. Yes the latter has rejected a merger offer, but that’s par for the course in takeover negotiations. Rarely is a first approach accepted….
A merger or takeover bid from out of the blue is the dream for every retail investor. One of your holdings, that you have backed for a long time, is the subject of a bid from a larger rival or a foreign entity, maybe even a young upstart looking to become a big-league name. The shares of…