The UK Index ’s banks are weighing heavily on the UK flagship index into the new week (16pts out of a 60pt decline) on fears that a No vote in next Sunday’s Italian constitutional referendum could mean the toppling of PM Renzi and death toll for some of the country’s battered banks. Fears are that…
25 Nov Digital Look Accendo Markets analysts Mike van Dulken and Henry Croft said: “A quiet European open comes in spite of Asia ending the week on an up note. However, the region’s equities are off their best levels thanks to the USD Index pulling back from 14yr highs and a three-week Trump-inspired rally to…
This week saw new UK Chancellor Phillip Hammond deliver his first budget, or Autumn statement anyway. This may not have been the most exciting on record – they rarely are – but it did contain some reassuring nuggets of good humour and nonetheless impacted the share prices of an area of the stock market that…
Every Monday morning, myself and one of the other traders on my desk pick a stock we feel is going to be a stand out performer over the week ahead. Come Friday lunch time, whoever’s stock is the worst performer for the week buys lunch. This week my colleague went with Randgold Resources – what seemed…
Shares in loss-making African budget airline Fastjet (FJET) are bouncing from their worst levels (-4% vs -19% to fresh all-time lows) following news that the Chairman has quit because the company already needs to raise more capital. A management departure from the top of the tree is seldom good news, far less when the company…
Shares in UK estate agent Countrywide (CWD) have fallen through this morning after its Q3 trading statement contained a FY profits warning attributed to less transactions since the referendum and changes to stamp duty. Although not specifically mentioned, new Chancellor Hammond’s pop at the rentals sector by banning administration fees probably hasn’t helped either. With…