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…
Northern powerhouse Provident Financial (PFG) is top of UK 100 after posting a gleaming first set of numbers as a UK blue-chip. It’s a lender specialising in the higher risk end of the market – loans to those with poor credit scores – and the risk seems to have paid off. While a 22% rise…
Mining companies are again leading the UK’s UK 100 as base metals prices get a boost despite a still resilient USD. As at 22 Feb, Copper has been in an uptrend since mid-January and is testing 13-day falling highs 4800, Nickel has followed suit to 8720 and Iron Ore has broken out from a bullish…