2016 will be remembered as a year of tremendous highs and lows for investors, with economic and political surprises resulting in some amazing opportunities. None more so than for followers of the heavily traded mining sector. Having been stuck in the deep pits of a commodity price downturn at the turn of the new year with fears…
Two normally defensive UK Index blue-chips disappointed this week, their negative trading updates highlighting worrying business trends. The first’s shares sold off hard (-7%), while the other’s tanked (-28%) after its third profits warning since September. The question now is whether the worst is over for both? From near multi-year if not all-time lows are…
20 Jan Telegraph Michael van Dulken at Accendo Markets described the update as “a reverse profit warning, a rare thing” which would leave investors “rightfully pleased with themselves”. http://www.telegraph.co.uk/business/2017/01/20/chemicals-group-synthomer-soars-reverse-profit-warning/ 19 Jan Digital Look Mike van Dulken at Accendo Markets noted that the share price fall broke rising support at 430p that dates back to October 2014’s all-time…
Investors in speciality chemicals company Synthomer (SYNT) are rather pleased with themselves this morning, and rightfully so after shares jumped over 15% to make fresh all-time highs above 400p. Having reiterated FY guidance as recently as 9 November’s Q3 trading update (solid trading in Europe offsetting sluggishness in Asia linked to new capacity; Sterling providing…
Royal Mail (RMG) is today’s UK 100 underperformer as traders send the shares 6% lower to breach 430p rising support that dates back to October 2014 all-time lows. Headline Q3/9M financials may well be in-line with consensus expectations, the Christmas period strong and FY guidance reiterated, but the results do little to appease concerns about…
The last meeting of the European Central Bank’s Governing Council on 8 December to decide monetary policy for the Eurozone resulted in an extension of the bank’s Quantitative Easing (QE) bond buying programme. That much was expected. What surprised the markets, however, was the rate and size of bond purchasing that Mario Draghi and the…