With all the major UK banks at one point or other coming within sniffing distance of multi-year lows in 2016, the question remains: is now the time to buy? US banking giants Bank of America and Wells Fargo published modest, yet slightly-better-than-expected trading results this week and this has brought attention back to the UK…
Accendo Press Quotes – Week Ending 15 Apr Nasdaq – 12 Apr http://www.nasdaq.com/article/london-markets-UK Index -100-wavers-but-anglo-american-higher-on-diamond-update-20160412-00173 Proactive Investors – 12 Apr http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/24727/alcoa-underpromised-underdelivered-who-s-next-24727.html ADVFN – 12 Apr http://www.advfn.com/news_LONDON-MARKETS-UK Index -100-Slips-But-Anglo-American_71080987.html Marketwatch- 12 Apr http://www.marketwatch.com/story/UK Index -100-slips-but-anglo-american-drives-higher-on-diamond-update-2016-04-12 London Southeast – 11 Apr http://www.lse.co.uk/AllNews.asp?code=113fr81d&headline=LONDON_MARKET_MIDDAY_Strong_Miners_Limit_UK Index _Losses_As_Dollar_Weakens Morningstar – 11 Apr http://www.morningstar.co.uk/uk/news/AN_1460372831240327400/london-market-midday-strong-miners-limit-UK Index -losses-as-dollar-weakens.aspx Proactive Investors –…
In the week ahead we have a major US aluminium company and a host of US Banks kicking off earning season stateside. The question is, will these quarterly results have a knock-on for UK shares as they done so many times previously. The list of companies reporting include….. Alcoa (AA) is notorious for setting the tone for mining…
As my trading colleague mentioned last week, the fact that the UK 100 Index is trading within a tight range has generated mixed response. On the one hand it is a ‘range-traders’ dream with its repeated bounces around 6100 and fall-backs from 6200. And it’s been a month now. On the other hand it is…
Accendo Press Quotes – Week Ending 8 Apr Morningstar – 8 Apr http://www.morningstar.co.uk/IntroPage.aspx?site=uk&backurl=http%3A%2F%2Fwww.morningstar.co.uk%2Fuk%2Fnews%2FAN_1460113858358993400%2Flondon-market-midday-risky-oil-price-rally-supports-stocks.aspx LSE/ Alliance News – 8 Apr http://www.lse.co.uk/AllNews.asp?code=68e9tr1v&headline=LONDON_MARKET_OPEN_Resource_Stocks_Lead_Gainers_As_Oil_Recovers AFP/Le Figaro – 8 Apr http://www.lefigaro.fr/flash-eco/2016/04/08/97002-20160408FILWWW00067-la-bourse-de-londres-en-hausse.php Telegraph – 8 Apr http://www.telegraph.co.uk/business/2016/04/08/UK Index -100-bounces-back-as-bullish-sentiment-returns-to-oil-market/ Proactive Investors – 7 Apr http://www.proactiveinvestors.co.uk/columns/broker-spotlight/24692/marks-spencer-plc-sparks-mixed-analyst-reaction-24692.html Telegraph – 7 Apr http://www.telegraph.co.uk/business/2016/04/07/UK Index -rises-as-oil-tests-40-mark-and-copper-climbs-on-weak-dollar/ Business Insider -7 Apr http://www.businessinsider.in/Oil-just-charged-past-40/articleshow/51725317.cms Mirror…
Marks & Spencer shares are continuing to pull their socks up this morning, extending their breakout from a 5-month downtrend thanks to Q4 results which weren’t quite as pants as markets had feared from the UK’s underwear-retailer of choice. Even though the results represents a quasi-full-year profits warning, investors have given them a warm welcome to…