Whilst the new British Prime Minister Boris Johnson has been reaching out to the four corners of the UK, the PM’s trips to Scotland, Wales and Northern Ireland coincide with economic news that the likelihood of a no-deal Brexit is affecting the pound. The Bank of England has given a one in three chance of…
Are Next this year’s retail success story? High street chain Next has defied the retail gloom to raise its profit expectations by 3.6% over its financial year following a surge in full-price sales. The fashion chain saw a 4.3% sales increase in the previous half-year, largely through a rise in online sales. Shares in the…
This week we have seen some massive moves in UK 100 companies. Vodafone is one that got me thinking. This is a share that has fallen 9% since the beginning of the year, even after a 9% bounce today! Vodafone jumped today on the back of their quarterly trading update. Next week sees a plethora of…
Reporting season is in full swing right now. We have seen some massive movements already on or around reporting day. Let’s look at this week alone. ITV jumped over 7% on the back of results. Astrazeneca moved up 7.7% (A massive move for a traditionally defensive stock). Today alone Vodafone are up 7.5% on the…
This week’s UK 100 winners and losers range from losses of almost 8% to gains of over 15%. On the positive end of the scale we have Burberry. Its shares soared over 15% on Tuesday thanks to its results being well received. Investors applauded the turnaround plan and new collection, and a 4% increase in revenue,…
This week saw the major US banking groups report their profits for the latest quarter. There could be some read-across for the UK Banks, who report their figures later this month/early next. What is the relevance of these quarterly results for your investments? Well, firstly this will be the last set of results for Lloyds before…