22 Jul Telegraph Mike van Dulken, of Accendo Markets said: “Crude prices back on the back foot this morning – just as oilfield services firms Halliburton and Schlumberger call the bottom for oil. “Markets are still focused on a build in US gasoline stocks which indicates waning demand, even though falling crude inventories should balance this out in due course.” http://www.telegraph.co.uk/business/2016/07/22/UK Index…
The UK 100 ’s post-Brexit recovery has slowed up since mid-month but the fact it remains within touching distance of its post-referendum highs leaves me rather optimistic. Those two weeks spent range trading sideways may yet prove the consolidation required to help the index continue with its reversal from 2016 lows. Next week’s peaking of…
An exciting UK Index earnings season will peak next week, a long list of household names updating on recent quarterly performance. While revenues and profits are of course important, the Brexit situation means outlook is more key than ever. Prepare for some big share price moves by the likes of Barclays, Lloyds, BP, Shell, BT,…
Shares in Nintendo are coming back from their highs following an impressive rally underpinned by the insta-mania surrounding some kind of new game for smartphones or something. That’s right, Pokémon Go – the killer (quite literally in some cases, so we’ve heard) new augmented reality game – propelled shares in the console giant up 120% between 6th and 19th July….
“One of the sad and unintended consequences of Brexit,” said Arm Holdings’ founder Hermann Hauser yesterday after SoftBank lodged a £24.3bn offer for the UK listed chip designer, representing a 43% premium to last Friday’s close. Unfortunately for me, Hauser is a Remainer. If he were a Brexiteer then this would’ve been a lot more fun to write, but hey….
The UK Index ’s Mining contingent is on the back foot this morning, holding the UK blue-chip index back after Rio’s Q2 Production Report delivered iron-ore shipments below analyst expectations, albeit still higher than both Q1’16 and Q2’15. Management has been fortunate to be able to reiterate 2016 production guidance thanks to limited weather impact,…