Temporary power supplier Aggreko (AGK) is the standout underperformer this morning after a 3% fall in 2016 revenues was eclipsed by a 24% plunge in profits. While lower oil prices hurt it in 2016, especially North America, the challenging year was capped off with some nasty margin contraction. 2016 results may well have been in-line…
Macro observations For this week at least, the two hot topics that have driven FX space for what seems like the majority of 2017 – the US Federal Reserve and Brexit – may disappear off to stage right, with a climactic return written in next week. However, taking their space in the spotlight this week…
This week, I have the pleasure of writing about an astonishing week for global financial markets. Not only have we seen one of the largest IPOs of all time take place with Snap Inc. but we’ve also seen fresh all-time times on indices on both sides of the Atlantic. Of course, the plaudits will go…
This week’s UK 100 winners (and losers) demonstrate the power of corporate results and major news, blue-chip shares moving anywhere between -11% and +8%. Music to the ears of short-term traders, but equally as enticing for longer-term investors. To make matters even more interesting, the biggest moves were in names perhaps not on your ‘tradar’…
3 Mar CityAM “This suggests a worrying continuation of what it terms a “tepid” macro environment, clients “grinding it out in a highly competitive game” and a cooling of positive tailwinds,” said Mike van Dulken, head of research at Accendo Markets. “Not really what investors want to hear when shares are just shy of all-time…
Shares in advertising giant WPP (WPP) are struggling, down 6% this morning as investors baulk at the nasty combo of a Q4 slowdown and disappointing outlook. Q4 revenue growth at its slowest since Q3’12 (2.1% year-on-year, organic) is blamed on a tough comparable period and both US and UK clients spending less; understandable, given the…