Shares in outsourcing company Kier Group (KIE) engaged in some hefty moves on the morning of 4 July after the company reported decent H1 earnings along with a mixed outlook. The Brexit vote has had a negligible effect on the company’s performance to date, with turgid order books and a diversified business helping to offset risk. However, management did…
Macro observations Overview The first half of 2016 closed off in uncharacteristically volatile fashion due to that surprise Brexit vote in the UK. This certainly hasn’t been limited to equity markets either – obviously the GBP has been hit with additional pressure now evident given the Bank of England’s intention to apply some economic stimulus to…
1 Jul Telegraph Mike van Dulken, of Accendo Markets, said: “A positive opening call comes as the global post-Brexit vote rally got a shot in the arm via hopes (a borderline confirmation) of more stimulus from the Bank of England this summer to offset the economic impact of uncertainty related to the UK’s referendum result to leave the EU. And…
In early April we wrote about the impressive number of UK 100 stocks trading at all-time highs – a host of opportunities away from the usual suspects (banks, miners, housebuilders) that clients love to trade. While the UK Brexit vote to leave the EU may have seen the UK Index take a big dive and…
One week after the UK made the momentous decision to leave the EU, and it’s fair to say no one could have predicted that the UK 100 , having tanked by 10% last Friday morning, would post a week-long 15% rally. That’s 850 points. One long CFD contract on the UK 100 at £10/point, if…
1 week on from the historic vote, and it’s becoming increasingly clear that the UK’s economy is set to take a hit from the momentous decision to leave the EU. It’s obvious that after 40 years of being inside the world’s largest trading bloc, we’re geared for being there, not outside it. So there will…