The musical chairs continue at Paddy Power Betfair this morning, with CFO Alex Gersh set to leave his role after six years for personal reasons. The betting chain has seen a significant period of transition in the upper echelons of the business, with a long list non-executive directors as well as the head of marketing…
Macro observations Foreign exchange markets have begun the week digesting a double act of European political developments. While the German election has finally reached a conclusion – with a grand coalition formed between Chancellor Merkel’s CDU/CSU and the opposition SPD for the second consecutive term – another protracted coalition negotiation may be about to begin. With…
2 March The Telegraph (Link) Mike van Dulken, head of research at Accendo Markets, said: “After October’s profits warning management would only offer this special dividend if it was confident in the outlook and views the current financial position as strong enough to wear the cash outflow and not jeopardize future commitments, including small [to] mid-sized…
Just as many thought Donald Trump had softened his protectionist views, the US President surprised many this week by announcing import tariffs on both Steel and Aluminium. The move is meant to counter Chinese steel ‘dumping’, but the ramifications may also be felt by UK Miners. In particular, miners of Iron Ore – such as…
Conversely to a fortnight ago, when we were bouncing from Feb lows, a bearish 85% of UK 100 stocks look set to close the week in the red. After a flat week last week (50/50 stocks up/down) investors are fretting anew about not just volatility and interest rates, but tariffs, trade wars and political risk….
Mondi is among the top blue-chip risers this morning after putting its money where its mouth is with a special dividend to highlight confidence in the outlook and try and make October’s profits warning water under the bridge. A more profitable second half (profits up more than revenues; margin expansion) than the FY likely helps…