30 Sept Business Insider Mike van Dulken, head of research at Accendo Markets, dubbed the lender “Douche Bank” in a note on Friday morning titled “Douche Bank taking a bath.” (That’s a reference to the French word for shower, but it has an obvious pejorative meaning in English, too.) Van Dulken says that Deutsche Bank’s…
Shares in travel giant TUI (TUI) are doing anything but take a holiday from their post-Brexit uptrend. The blue-chip has broken above 1100p to its best level since February, increasing the chances of a return to 2016 highs; 15% upside. Outperformance comes as investors welcome upgraded guidance. Management now expects underlying FY earnings growth (EBITA) of…
Shares in Wolseley (WOS) are leaking most on the UK Index this morning, trading back around their August lows as investors fail to warm to the plumbing & heating supplier’s FY16 results. Headline financials below City expectations is never a good start to the annual update, even if your largest geography (the US) is performing…
23 Sept Reuters “Banks remain pressured by the prospect of lower rates for longer and global growth uncertainty,” Mike van Dulken, head of research at Accendo Markets, said. http://uk.reuters.com/article/uk-britain-stocks-idUKKCN11T0SR?il=0 22 Sept CityAM Mike van Dulken, head of research at Accendo Markets, said: “Shares in precious metals miners Randgold Resources, Fresnillo and Polymetal are among the major…
Gold and Oil get significantly more press coverage than the rest of the commodity stable. Unfairly so in our opinion. The former is the safehaven of choice for most, scarcity ensuring its value holds up well during times of economic and market stress and investor uncertainty. It is also sensitive to interest rate policy with higher…
This week, the US Federal Reserve, despite all of its wildly varying hawkish and dovish rhetoric in the build up to its highly anticipated rate policy decision, chose not to take the plunge and raise the base US interest rate from the current 0.5% to 0.75%. For the third time this year. Furthermore, expectations for…