A fortnight into his tenure President Trump, unsurprisingly, has remained a divisive figure both in the US and abroad. However, if there’s one thing that you can’t fault Trump for, it is his unshaking commitment to stick to his campaign trail pledges: Ending US support for the Trans-Pacific Partnership (TPP); beginning the process of building a…
Online grocer Ocado (OCDO) is the UK Index outperformer this morning, its shares +7.1% after full-year results added to recently robust reports from UK grocers that helped their own shares prices rise. Today’s report from OCDO management indicates 52-week sales +13.6% and revenues +14.8% with customers +14% and volumes +18%. These ate strong top-line numbers…
Macro observations After the ECB kicked things off a fortnight ago, this week sees a trifecta of monetary policy updates from the world’s largest economies in a busy week for central bankers, still trying to process the potential economic impact of the new leader of the world’s largest economy as they meet for the first time…
Far from having a nice, relaxing January to ease into 2017, accountants and auditors up and down the country have been working their fingers to the bone. Earnings season is once again upon us and this year has seen some incredible movements from some of the largest blue chip companies in the UK. As the amount of…
My share price move of the week goes to Tesco (TSCO) for the grocer’s 11% rally today on the back of a £3.7bn bid for food wholesaler Booker (BOK). For prey Booker’s shares to jump 19% is understandable; shareholders are traditionally paid a premium to encourage them to give up the chance of future income…
27 Jan CityWire Mike van Dulken said the rally in Tesco shares, bucking the trend for shares to fall when a company announces an acquisition, showed investor confidence in the move. ‘Tesco shares appear to be rallying on the premise that the new group can reinforce its number one grocer slot by becoming the UK’s leading…