Dixons Carphone (DC.) has become the latest company to be added to the list of blue-chip stocks this week issuing a profits warning. The UK’s largest electronics provider announced that headline FY pretax profit will be 11-28% lower than last year, despite a 6% YoY increase in LfL sales in the three months to June….
25 Aug Morningstar (Link) “Comments made by U.S. policy makers so far from the Wyoming gathering have generally been supportive not just of an unwinding of the Fed’s bloated balance sheet, but also for another rate hike before the end of the year,” said Henry Croft, research analyst at Accendo Markets. 24 Aug Citywire (Link)…
With Provident Financial Group (PFG) shares down as much as 75% today, what are the chances that the sub-prime lender will go bust? At least in the near-term, this looks unlikely. While the restructuring of debt collection operations is eating into finances, the core divisions of the business (including Buybarn, Satsuma and Vanquis) continue to…
Macro observations This week, central bank policymakers from across the world descend upon Wyoming for the US Federal Reserve’s 39th annual Jackson Hole symposium. 2017’s three-day meeting, focusing on the topic of ‘Fostering a Dynamic Global Economy’, is set to be by Fed Chair Janet Yellen and ECB President Mario Draghi, with both speaking at the…
Events over the past two weeks have rudely awakened financial markets from their Summer lull. The first risk-off move came after threats of a North Korean missile attack on Guam, while the second as President Trump’s business councils were disbanded. However, far from ridding investors of the potential to profit from summer markets, these exciting…
The rather quiet state of affairs over the course of the summer has resulted in a particularly major casualty. However, with the beginning of September less than 14 days away, will the old adage ‘Sell in May and return on St. Ledgers day’ ring true this year and save the sector? From my point of…