This week’s UK Index winners are those investor favourites; the Banks and Miners. This comes thanks to US markets extending their Trump inspired rally to fresh record highs and the European Central Bank (ECB) saying that extraordinary stimulus measures are here to stay for another year at least. Probably two or three. Markets were already…
Unless you’ve been living under a rock, or perhaps cut yourself off from the world since Donald Trump’s election, you’ll be well aware that financial markets globally have been undertaking an almighty rally, nowhere more so than Trump’s United States. Wall Street has closed at all-time record highs for four simultaneous days already this week and…
8 Dec Financial Times Mike van Dulken, head of research at Accendo Markets, said the profits warning was “an unwelcome early Christmas present”. “Shrinking the group may well lead to long-term improvements in profitability, but it also means more restructuring and more exceptional costs in the quarters to come. Further government-inspired Brexit uncertainty and clients shying…
Shareholders in support services group Capita (CPI) have been left holding the UK Index wooden spoon this morning after its 2016 pre-close trading update included an unwelcome early Christmas present; another full-year profits warning. The company said last month that a Brexit inspired slowdown meant it needed to simplify the group to ensure organic growth…
1:30pm on December 8 marks the start time of the press conference held by Mario Draghi, the head of the ECB, after the final 2016 meeting of the bank’s monetary policy setting committee, the Governing Council, with the group’s decision announced at 12:45pm. What are the possible outcomes for the meeting and what will be the…
The headlines today might be focused on ongoing events for Italian banks following Sunday’s referendum result, however the UK banks are making tremendous headway on the UK 100 this morning. Leading names including RBS (+3.9%), Standard Chartered (+3.8%), Lloyds (+3.5%) and Barclays (+3.2%) are enjoying stellar performances near the top of the index this morning, whilst even…