Among the UK 100 ’s worst performers, following yet another political surprise, are sectors that our clients love to trade. With Conservative PM May set to remain in power has anything changed? Shares are already well off their worst levels implying calm returning. Was the sell-off overdone? Is there potential for further recovery? Are we…
9 June Telegraph Mike van Dulken and Henry Croft at Accendo Markets explain: “A very positive opening call comes as UK Index investors embrace fresh GBP weakness following a hung parliament result from the UK election. Whilst this means uncertainty about the UK economy and of course Brexit negotiations, the index’s international exposure means it benefits from…
5.45am As it stands, this could go down as one of the most impressive political backfires in UK history. After Brexit, of course. From a position of apparent strength less than six weeks ago, it looks very likely that PM May will see her parliamentary majority erased. A Conservative loss of outright power would surely…
Berendsen (BRSN) is today’s winner, +8.4% after agreeing to a revised £2.2bn offer from French workwear rental and laundry service competitor Elis (ELIS). As suggested 18 May, previous rebuffs merely served to extend the M&A tango and encourage a third bid. As expected, BRSN has successfully eked out a better offer for shareholders. The latest…
Macro observations After seven long weeks of campaigning the UK general election is now only days away and, depending on which poll you take into consideration, the race is either becoming too-close-to-call or is all but over. But it’s not just the election that will influence foreign exchange markets this week. In fact, there are…
This week has seen stock markets the world over trade fresh multi-year and even all-time record highs. Waves of positive data have helped investor sentiment reach fever pitch in New York, Tokyo, Frankfurt and London, with indices in the latter three markets hitting their highest levels ever on Friday. However, for traders in London, there’s one…