Fellow UK bailout victim Royal Bank of Scotland (RBS) has failed to follow Lloyds Banking Group (LLOY) higher this morning. While the latter pleased investors yesterday with a special dividend and suggestions that the last of major PPI was behind it, and its shares are higher again today. A delay in the return of RBS dividends…
What a great week for trading! Not only did we witness the UK 100 managing to hold up around the ceiling of its 3-month falling channel (opening up the possibility of a bullish breakout into next week), but the UK banks also brought some amazing trading opportunities to the table. First of all, Lloyds Banking Group…
To add to the exciting opportunities in the equities space this week, we also point out that their gains have contributed and helped extend the rebound in the UK’s UK Index Index to an impressive 11%. More significant for investors, however, is the index finally delivering a meaningful break-out from a bugbear 3-month downtrend. This…
CityWire – 26 Feb http://citywire.co.uk/new-model-adviser/news/miners-lead-UK Index -higher-on-china-stimulus-hints/a885110 Int. Bus. Times – 26 Feb http://www.ibtimes.co.uk/rbs-posts-1-98bn-loss-litigation-charges-restructuring-costs-1546134 Interactive Investotr – 26 Feb http://www.iii.co.uk/articles/297999/royal-bank-scotland-dives-dividend-doom This is Money – 26 Feb http://www.thisismoney.co.uk/money/markets/article-3465203/Royal-Bank-Scotland-racks-eighth-straight-loss-lender-counts-cost-litigation-misconduct-charges.html Marketwatch – 26 Feb http://www.marketwatch.com/story/UK Index -100-flies-as-2016-02-26 Telegraph – 26 Feb http://www.telegraph.co.uk/business/2016/02/26/UK Index -100-extends-gains-and-china-rebounds-as-finance-ministers-g/ News.Markets – 25 Feb Perhaps gold is no longer a ‘haven’ asset Int. Bus. Times…
Yay! A special dividend Lloyds Banking Group shares are top of the UK Index this morning, the bailed out bank having rewarded and pleased faithful investors with its plans for a 0.5p special dividend (politically motivated?) which takes the full year 2015 payment to 2.75p and its yield to a respectable 4%. Not all good…
We are living in a new world in terms of oil and gas prices. Specifically, gone are the days of $100/barrel crude oil. Deal with it. While we factor in lower for longer interest rates (several central banks have gone negative for Pete’s sake) in an effort to engineer economic recovery post-crisis, we must also assume…