Ryanair (RYA) shares are demonstrating impressive resilience despite news that FY net profit growth is set to slow (+13% vs +43%) and after management delivered an uncharacteristically downbeat update, highlighting terrorism worries potentially pushing falling ticket prices even lower (forecast -7% this year) and a rising oil price requiring prudence. While caution was called for…
20 May Marketwatch Friday’s advances arrived “as concerns about U.S. rate-hike timing following the release of the latest [Fed minutes] ease into the end of what has been an exciting, yet volatile, week,” said Accendo Markets analysts in a note. (http://www.marketwatch.com/story/UK Index -100-bounces-higher-as-fed-effect-fades-2016-05-20) Telegraph Mike van Dulken, of Accendo Markets, said: “The positive opening call comes…
The UK Index looks in the midst of repeating its bullish mid-April move. Clients are excited at the prospect of a rally back to 2016 highs. Technicals played a key role this week, allowing traders to identify ranges and patterns and piggy-back profitable moves. What pattern have we spied for you to trade next week?…
Equities fell this week, on worries that the US Federal Reserve is contemplating raising interest rates again in June – earlier than markets expected. While the resulting stronger dollar dealt a blow to commodities prices and their miners/drillers not everyone lost out. The banks rallied. But why? First of all, the prospect of higher US…
Investors are placing bullish bets on Ladbrokes (LAD) this morning, sending its shares a handsome 12% higher. This comes after the UK’s CMA watchdog ruled provisionally that the £2.3bn merger with private equity-owned Gala-Coral would require the disposal of 350-400 betting shops to satisfy anti-trust concerns and receive regulatory clearance. On the surface a bullish…
What’s coming up in June? I think there’s some vote happening or something. Something to do with immigration? And while that’s probably going to keep markets distracted in June, it might be a good time to do a Jo Moore (famed for sending an opportunistic email on Sept 12th 2001) and ‘get anything out we…