Unsurprising news from UK challenger banks this morning, as CYBG has made a £1.6B all-share takeover offer for Virgin Money (a 15% premium to VM’s market value). The deal structure (i.e. full share, no cash, small premium) raises a question whether new financial upstarts, that sought to challenge the UK’s Big 4 banking titans, stand…
Tariffs and trade are in the air as investors and analysts are discussing a now trilateral confrontation, with Donald Trump’s administration now taking the trade fight to both China and the European Union, at the same time. Talk about chutzpah! But what exactly does that mean for the average investor? With US Treasury Secretary Steve…
Q1 results season isn’t quite over and I’ve had lots of questions about the lingo used by company management when discussing their recent performance. So I’ll have a go at explaining some of the most commonly used, help you better understand the results being published next week. I may even do a Part 2 next…
4 May Interactive Investor “The higher open comes “as traders prepare for the outcome of US-China trade talks (so far so good says US Trade Sec Mnuchin) and gear up for this afternoon’s US jobs report, which has potential to revive hawkishness about Fed rate hikes if wage growth is strong, pushing USD higher and…
IAG shares top the UK 100 this morning with Q1 results helping them extend their recent breakout from 633p. Today’s 5.7% jump takes the recent rebound from 590p to 14.7%. More importantly, however, we are close to a retest of Jan highs of 680p. Will this remain a hurdle (so far the case) or can…
Smith & Nephew shares plunged over 7% after the company cut 2018 full-year guidance from the expected 3-4% down to 2-3% range. The medtech company blames “mixed performance” in the US and other established markets, which saw negative underlying revenue growth (-2%). Q1 group revenues may well have grown by 5%, but with underlying growth…