A UK Index name which has performed particularly well for Accendo clients this week is Greggs. We initially highlighted the shares as having Support at 1552p, trading within a 1539-1628p Range. And they had already risen 3% in two days, even before yesterday’s 11% jump. The reason for yesterday’s bumper jump? A surprise and unscheduled profits warning, inspired by…
The UK 100 has extended its post-Christmas rally from 6600 to touch 7250 today. That’s 11%, of which 2.5% today, and showing interest in making a bullish break from that rising channel. If it does, there is potential to power on towards September highs of 7555, which would represent another 4.2% rise. Looking at…
The Big Four UK Banks have been on every London investor’s mind lately. Will they miss expectations? Will they beat? And how will the bank shares react? You don’t have to guess any longer, because RBS results are in and the market has had its verdict. And from the UK Index ‘s point of view,…
“I’m waiting for Brexit”, said the client. “What exactly are you waiting for?”, I asked. “To see what happens”. How will you profit from waiting? “What do you mean?” What’s your strategy for making money from the stock market while you wait? “I’m waiting for share prices to drop on Brexit day, so I can pick up a…
The UK 100 has extended its January rally by another 60 pts into the first week of February. That said, the benchmark index is also 110 points (-1.5%) off Thursday’s 7188 peak, having encountered resistance in the form of November’s highs. Much of this week’s rally was courtesy of Energy names (BP’s outstanding results pulling…
Three weeks ago I reviewed the first half of our UK Retail/Consumer Christmas/Jan updates. By half way we’d digested a mixed bunch, but with a positive bias. Good news from 20 of 32 names sent shares rising as much as 31.2% (Ted Baker). Bad news was confined to smaller, more troubled and less popular names, shares as…