Shares in energy services group John Wood are +4.6% in early morning trading in spite of the company reporting a loss, with half-year earnings falling by 1.5% due to $33m in exceptional cash costs to deliver M&A integration synergies and restructuring, as well as non-cash impairment with regards to EthosEnergy. Instead, investors were preferring to…
Luxury brand Mulberry was the first tangible victim of the fall of the House of Fraser, as the fashion company warned this morning that its FY profit will be “materially reduced” by the tough UK retail trading conditions. This adds additional insult to the £3m in injury inflicted on the brand by the reorganisation of…
UK Index is well off May’s 7903 record highs, as fears of US-EU-China multilateral trade war and the spill-over from Turkish Lira’s troubles are souring market sentiment. But that isn’t preventing many stocks on UK 100 from reaching record highs. Here are a few names I’ve been focused on this week. The overall market sentiment…
“Contagion” seems to be the word of the week for many UK Index investors, as fears over Turkey and its impact on financial markets are driving the benchmark index lower. But what is contagion and why is it relevant to retail investors? Let’s investigate. At its basic level, financial contagion is like read-across, but on…
Thursday, 16 August Le Figaro “Les investisseurs cherchent à effacer les pertes de la veille grâce à la hausse des prix des matières premières et à des développements positifs autour de la guerre commerciale entre les Etats-Unis et la Chine”, souligne Artjom Hatsaturjants, analyste chez Accendo Markets. http://www.lefigaro.fr/flash-eco/2018/08/16/97002-20180816FILWWW00198-la-bourse-de-londres-se-reprend.php Wednesday, 15 August Proactive Investors Back in…
Shares in Kazakhstan-based copper miner KAZ Minerals are +7% this morning after the company reported broadly positive half-year results, with gross revenue +31% YoY and pre-tax profit +48% on the back of growing H1 copper production volumes (+18% to 140k tons), higher realised prices of copper concentrate (+17% YoY) and copper cathode (+19% YoY), as…