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The UK Index this week – 24 May

The  UK 100  is both off its lows and its highs into the long weekend. We are sideways, and uncertain whether this is the beginning of a second bounce from 7210 towards prior highs of 7500. Or is today’s bounce petering out at 7300 for another leg down, for a revisit of 7210, perhaps even 7129. Bulls…

Reshuffle kerfuffle on the UK Index ?

The Tuesday before the first Friday, of the last month of the quarter. That’s the week after next. But why is it so important? It’s the 4th of June – the cut-off for determining who will be promoted to and demoted from both the (mid-cap index) and UK 100 (bluechips) indices on 24 June.  The…

The UK Index this week – 17 May

  The  UK 100  is alive and she is kicking! after several weeks of pullback since its 2019 highs, the index managed to bounce off a 7129 support and reach right up to the floor of the previous multi-month range that we have seen so much of this year. Is this 3.2% bounce off the…

House of the rising Brexit

What good is owning a home in the UK if you don’t go through the daily anxiety of real estate value crashing due to Brexit? Well, it’s not like you can afford to worry about owning or buying a house if you’re a millennial. But for everyone else, the new 31st of October withdrawal extension…

Price target: zero pence?

It’s rare, but we have another one. A broker price target of zero pence. The stock is Thomas Cook (TCG). The broker is Citi. And there are no prizes for guessing that the analyst’s rating is Sell. Not to draw too ugly a parallel, but the last time we saw one was with Carillion, Interserve, Patisserie…

Which UK Index dividend will be cut next?

UK Index heavyweight Vodafone slashed its dividend by 40% this morning. To some investors this was a surprise. To those in-touch with the financial markets, perhaps via a friendly broker such as Accendo, it was no surprise at all. The threat of a dividend cut explains much of Vodafone’s share price decline of the last 6-8…

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