IWG shares are trading -4.3% after the company reported that disappointing UK business performance is forcing it to reassess FY operating profits, which are now expected £15-20m below previous assessments. An unwelcome profits warning! The company is taking a painful short-term hit to its profitability (and to its share price) as it is investing in…
Shares in London listed airlines are understandably hampered by oil’s continued rebound from OPEC-meeting lows, rendering fuel costs more expensive. Two, however, stand out with rather divergent performance but for the same reason. Shares in easyJet are 0.3% higher after UK lawmakers, following years of delays, finally approved a third runway at London’s Heathrow airport….
The strongest factors influencing the direction and momentum of Foreign Exchange (FX) rates are changes in the key interest rates, themselves highly sensitive to macroeconomic data such as inflation and economic growth, as well as geopolitical concerns. Higher interest rates tend to render the currency more attractive (and vice versa) which in turn can result in it…
Shares in real estate agent Countrywide (CWD.L) plummeted -23% as the company projected £20m lower H1 EBITDA in its latest trading update, blaming a “subdued” market outlook. More importantly, it doesn’t see itself making up the difference in H2 either, making it, effectively, a FY profits warning. Investors were running for the hills as this…
If ever there was proof that Crude oil has a major influence on the UK 100 today was it. OPEC looks set to roll back by less than expected on the production cuts which helped oil prices almost triple from early 2016 $30 lows to recent highs of $80. Today’s news has helped the UK…
Friday, 22 June Reuters “Trade tensions remain the dominant theme, clarity still lacking about how far things will ultimately go between U.S. and China, and the potential ripple effect for world trade,” said Mike van Dulken and Artjom Hatsaturjants at Accendo Markets. https://uk.reuters.com/article/uk-britain-stocks/trade-and-rate-worries-set-UK Index -for-fifth-week-of-losses-idUKKBN1JI0YU Proactive Investors “The UK Index is supported by oil prices…