As we digested another packed week of earnings, some interesting trends for two key UK 100 sectors began to emerge. The constituents of the blue chip UK 100 index have always been influenced by politics and economics; it would be worrying if they weren’t! But after this particularly busy week, we’ve seen both Housebuilders and Pharmaceuticals…
3 Feb Telegraph Mike van Dulken, of Accendo Markets, said: “Calls for a mildly positive open come after a mixed but muted finish on Wall Street mirrored by contrasting performances in Asia overnight. Investors are making their monthly pilgrimage to the side-lines ahead of a closely scrutinised US jobs report, one which may or may not provide the US…
Reckitt Benckiser (RB) makes it a brace of companies whose share prices have defied traditional M&A reaction recently, rising on news of spending big to acquire. While prey will almost always rise thanks to a premium being offered to cede control, for the predator to jump is not so normal. To do so implies acquisition…
Tonight sees the first 2017 meeting of the US Central Bank, the Federal Reserve, at 7pm. Last time around, the Open Market Committee (FOMC) agreed to hike rates for only the second time since the 2008 financial crisis. Now, with Donald Trump sitting in the Oval Office as the 45th President of the US, might…
A fortnight into his tenure President Trump, unsurprisingly, has remained a divisive figure both in the US and abroad. However, if there’s one thing that you can’t fault Trump for, it is his unshaking commitment to stick to his campaign trail pledges: Ending US support for the Trans-Pacific Partnership (TPP); beginning the process of building a…
Online grocer Ocado (OCDO) is the UK Index outperformer this morning, its shares +7.1% after full-year results added to recently robust reports from UK grocers that helped their own shares prices rise. Today’s report from OCDO management indicates 52-week sales +13.6% and revenues +14.8% with customers +14% and volumes +18%. These ate strong top-line numbers…