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Company Focus – HSBC banking on Asia – 11-10-19

Company Focus – HSBC banking on Asia Banking group HSBC has hit the headlines this week with the news that it could be slashing 10,000 workers from its 238,000-strong payroll. The cost-cutting plan is reportedly the first major move from interim CEO, Noel Quinn, who replaced John Flint in August. The news, first reported by…

Trader’s Corner – Rising Odds and Scoring Strikes – 11-10-19

Betting shop magnate, GVC, which owns Ladbrokes and Coral, is sticking to its plan to close 900 bookies in the next two years despite another profit upgrade which has sent share prices soaring. Wednesday’s upgraded guidance, the second in three months, anticipates EDIBTA of between £670m to £680m, up from previous expectations of £650m to…

Market Analysis – 04-10-2019

Market action for the UK 100 this week has been dominated by massive “risk-off” trading. Tepid manufacturing PMI data from China triggered the risk-off sentiment, which kicked into full swing when the US ISM Manufacturing PMI data gravely disappointed market expectations. A global sell-off in the stock markets as well as risky commodities followed, while…

Trader’s Corner – Does Drastic Departure Spell Disaster? 04-10-2019

The highly anticipated half-year results from supermarket giant Tesco were delivered alongside the shock resignation of its CEO, Dave Lewis, on Wednesday. Mr Lewis explained his decision to step down from the helm as personal, saying that a CEO tenure should be finite and ‘now is the time to pass the baton.’ Despite this news…

Die Another Day for Luxury Car Brand? 04-10-2019

Luxury car brand Aston Martin is spluttering to the end of its first year as a public company, looking like it might be ready for repairs. The car maker’s shares slumped another 6 per cent on Wednesday, standing at 480.00p at the time of writing, a whopping 75% drop in value since it floated a…

Company Focus – Have Bakery Investors Lost their Appetite? 04-10-2019

After a stellar sales performance and the success of its vegan sausage roll earlier in the year, Greggs third-quarter update has been slightly disappointing. The high-street bakery reported a slight slowdown in like-for-like sales growth to 7.4% to the end of September. The results are far from catastrophic – in fact they still keep the…

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