20 Jan Telegraph Michael van Dulken at Accendo Markets described the update as “a reverse profit warning, a rare thing” which would leave investors “rightfully pleased with themselves”. http://www.telegraph.co.uk/business/2017/01/20/chemicals-group-synthomer-soars-reverse-profit-warning/ 19 Jan Digital Look Mike van Dulken at Accendo Markets noted that the share price fall broke rising support at 430p that dates back to October 2014’s all-time…
Investors in speciality chemicals company Synthomer (SYNT) are rather pleased with themselves this morning, and rightfully so after shares jumped over 15% to make fresh all-time highs above 400p. Having reiterated FY guidance as recently as 9 November’s Q3 trading update (solid trading in Europe offsetting sluggishness in Asia linked to new capacity; Sterling providing…
Royal Mail (RMG) is today’s UK 100 underperformer as traders send the shares 6% lower to breach 430p rising support that dates back to October 2014 all-time lows. Headline Q3/9M financials may well be in-line with consensus expectations, the Christmas period strong and FY guidance reiterated, but the results do little to appease concerns about…
The last meeting of the European Central Bank’s Governing Council on 8 December to decide monetary policy for the Eurozone resulted in an extension of the bank’s Quantitative Easing (QE) bond buying programme. That much was expected. What surprised the markets, however, was the rate and size of bond purchasing that Mario Draghi and the…
The first two weeks of 2017 saw a phenomenal rally for the UK’s blue-chip index. Over the course of 14 sessions, the UK 100 built on a succession of record closes that began on 22 December to maintain the longest consecutive winning streak in its history – both for positive trading sessions (14) and record closes…
Shares in Mitie Group (MTO) aren’t looking so mighty this morning, chalking up losses of up to 17% to make them the worst performer on the , eclipsed only by blue-chip Pearson (PSON) down a whopping 26%. Both companies are wearing yet another ugly profits warning (both on their third since September) that merely adds…