Someone is active on social media and, for once, it’s not Donald Trump. Tesla CEO Elon Musk caused quite a stir this week with Twitter comments about taking the electric car-maker private. Are outspoken leaders a good thing for stocks? Here’s my take on the issue. There are plenty of corporate leaders and politicians with…
Thursday, 10 August Bloomberg The euro zone doesn’t need more risks on the table, says Mike van Dulken, head of research at Accendo Markets. https://www.bloomberg.com/news/audio/2018-08-10/van-dulken-pressure-mounts-on-turkey Thursday, 9 August London South East Accendo Markets analyst Mike van Dulken said: “Trade concerns remain to the fore, and not just between the US and China, with Washington set…
Shares in international steelmaker Evraz are -6.7% this morning in spite of a largely positive half-year report yesterday, highlighting how geopolitical and macroeconomic factors can do damage even to profitable companies with healthy earnings prospects. USD is surging against major peers, as Sterling remains under persistent pressure of disorderly Brexit, while EUR has been pummelled…
Shares Card Factory are down over 7%, at the tail end of the , after reporting negative H1 like-for-like sales growth (-0.2% YoY; excludes new stores) blamed on bad weather and a still cautious consumer. Even if this suggests an improvement to merely flat growth in Q2 vs -0.4% in Q1 (at the time attributed…
Shares in Hargreaves Lansdown are down 3.4% in early trading after the retail investment platform disappointed investors with a mixed bag of FY results. Net revenues +16% YoY to £447.5m were at the top end of analyst expectations, pre-tax profit grew 10%, while the dividend increased 38%. For trading platforms like Hargreaves Lansdown, however, it’s…
Shares in flexible workspace provider IWG are down an understandable 21% this morning after it called off takeover discussions with a trio of rival private equity suitors (Starwood, Terra Firma, TDR), saying none can offer a deal recommendable to the board. Understandable because it’s almost the mirror image of the 22.8% jump on 14 May…