Good news for those interested in the UK banks, and Lloyds (LLOY) in particular. The high-street bank recently confirmed an enticing 0.5p special dividend for shareholders, taking their yield to a solid 4% amid its continued post-crisis turnaround. Yet even more exciting is the recent market rally seeing the shares recover to the government’s 73.6p…
CNBC – 3 Mar http://www.cnbc.com/2016/03/03/european-markets-oil-jobs-report.html Reuters – 3 Mar http://uk.reuters.com/article/uk-britain-stocks-idUKKCN0W5125 Int. Bus. Times – 3 Mar http://www.ibtimes.co.uk/us-market-open-dow-nasdaq-dip-lower-investors-await-non-farm-payrolls-report-1547338 AFP / Romandie – 2 Mar http://www.romandie.com/news/La-Bourse-de-Londres-gagne-053-en-debut-de-seance-soutenue-par-les-valeurs/681594.rom Digital Look – 1 Mar http://www.digitallook.com/news/m-a/lse-surges-as-ice-confirms-considering-offer–1056589.html CityWire – 1 Mar http://citywire.co.uk/money/london-stock-exchange-boosts-UK Index -on-new-bid-hopes/a885874 Proactive Investors – 1 Mar http://www.proactiveinvestors.co.uk/companies/news/123124/barclays-shares-slump-as-it-cuts-divi-and-warns-on-outlook This is Money – 1 Mar http://www.thisismoney.co.uk/money/markets/article-3470959/New-York-Stock-Exchange-owner-considers-gate-crashing-LSE-merger-plans.html Telegraph – 1 Mar http://www.telegraph.co.uk/business/2016/03/01/UK…
Barclays shares are having a shocker of a day – down over 10% which now puts them around 2011 lows. The reasons, they say: FY adjusted pre-tax profit -2%, quarterly profits -50%, £1.4bn in additional provisions for PPI, dividend slashed and a muted outlook for investment ban king division in Q1 2016. It’s the latter that’s…
London Stock Exchange shares have taken another leg up to make fresh all-time highs based on potential competing bids for its operations. Intercontinental Exchange (ICE: owner of 23 exchanges across the US, Canada and Europe, incl. NYSE and London’s LIFFE futures) could be mulling swooping in with a more interesting and rival bid to the…
Macro observations Brexit debate still weighing on GBP USD strength derived in part from further Chinese currency devaluation Note PBoC cut the reserve ratio requirement (RRR) on Monday 29 Feb, though market reaction unusually muted. Key data this week (Sign up here to get our daily live macro-calendar) UK M4 Money Supply, Mortgage Approvals (Mon)…
Morrisons shares are back at the 200p mark last traded around the UK 100 ’s highs of last April. This comes as the company takes its move on-line to the next level, in a continued effort to fight fierce supermarket pricing competition resulting from the rise of highly successful discounters as well as play catch-up with…