After a ten-year £45bn bailout-enforced hiatus, Royal Bank of Scotland (RBS) has finally reinstated a dividend. This signals confidence in future profitability, suggesting that massive restructuring, to shrink what was once, briefly, the biggest bank in the world, is almost complete and that long-running troublesome US litigation is water under the bridge. It’s even talking…
UK 100 index is flat as a washboard year-to-date and is disappointing bullish traders ever since hitting a 7903 record high in late May. I’ve been looking at a few interesting stocks that followed the UK Index down the drain in the Summer. Could a rebound be on the cards? One interesting name that has…
Thursday, 2 August Reuters “Trouble with Trent 1000 series engines that power Boeing’s Dreamliners continued to be a yoke around the engine maker’s neck, but with the cash costs of the resulting engine maintenance issues in-line with previous guidance, traders are happy to look to the future rather than dwell on the past,” said Artjom…
Shares in Rolls-Royce are flying high this morning after H1 results beat expectations (like-for-like organic revenue +14% to £7.04bn, above £6.55bn consensus). Trouble with Trent 1000 series engines that power Boeing’s Dreamliners continued to be a yoke around the engine maker’s neck, but with the cash costs of the resulting engine maintenance issues in-line with…
Shares in retailer Next are wearing the biggest loss on the UK Index as investors turn their nose up at its latest trading statement. Q2 Sales growth of 2.8% YoY was slower than Q1. This was expected after Q1 strength (+6%) was flattered by an easy comparison period. And the quarter was ahead of the…
Shares in online food delivery platform Just Eat are -2.4% in mid-morning trading in spite of a seemingly positive H1 update. Group revenues are +45%, beating expectations, while orders grew 30% (below +32% in Q1 2018, but stronger than +26% in 2017). What’s not to like? The key, as usual, lies with the outlook. Just…