Shares in Randgold Resources (RRS) are bottom of the UK Index pile this morning as the UK’s flagship UK 100 equity index breaks above 7000 for the first time since June 2015 to trade just 80pts below last April’s 7135 all-time highs. A weak GBP is helping propel ever higher the army of international-exposed UK…
Income is an essential part of our financial lives. It allows us pay the bills and lead a certain lifestyle. Even if our bank accounts suggest otherwise, paying measly interest on what cash we keep to hand. Low bond yields have made annuities unattractive, encouraging many to take their finances into their own hands, becoming…
30 Sept Business Insider Mike van Dulken, head of research at Accendo Markets, dubbed the lender “Douche Bank” in a note on Friday morning titled “Douche Bank taking a bath.” (That’s a reference to the French word for shower, but it has an obvious pejorative meaning in English, too.) Van Dulken says that Deutsche Bank’s…
Shares in travel giant TUI (TUI) are doing anything but take a holiday from their post-Brexit uptrend. The blue-chip has broken above 1100p to its best level since February, increasing the chances of a return to 2016 highs; 15% upside. Outperformance comes as investors welcome upgraded guidance. Management now expects underlying FY earnings growth (EBITA) of…
Shares in Wolseley (WOS) are leaking most on the UK Index this morning, trading back around their August lows as investors fail to warm to the plumbing & heating supplier’s FY16 results. Headline financials below City expectations is never a good start to the annual update, even if your largest geography (the US) is performing…
23 Sept Reuters “Banks remain pressured by the prospect of lower rates for longer and global growth uncertainty,” Mike van Dulken, head of research at Accendo Markets, said. http://uk.reuters.com/article/uk-britain-stocks-idUKKCN11T0SR?il=0 22 Sept CityAM Mike van Dulken, head of research at Accendo Markets, said: “Shares in precious metals miners Randgold Resources, Fresnillo and Polymetal are among the major…