Friday, 8 June Citywire ‘Faith in the strategy implemented has been waning, with big money spent on premiership football rights, buying back into mobile, a bulging pension deficit and an increasingly attractive dividend yield that has merely begged questions about its sustainability,’ said Mike van Dulken, head of research at Accendo Markets. http://citywire.co.uk/money/bt-chief-steps-down-as-board-loses-confidence/a1127267 Thursday, 7…
Following a tense week of global political worries, Brexit shenanigans and tariff wars, markets are solidly in a risk-off mode going into the weekend. But risk on or risk off, UK Index is always in a trade-on mode and there are solid bargains to grab even when markets are on the defensive. A typical, some…
The other week my colleague Dan talked about trading ranges. Having had a good response to the topic I thought I’d build on the theme by looking at why they exist, how they can be identified and, more importantly, how you can capitalise when they appear on the charts. First things first. A range requires…
BT shares back to flat (they were +3% leading the UK Index ), albeit still outperforming an otherwise mild risk-off session for the index into the weekend. Shareholders delivering a tepid welcome to a change (long overdue?) at the top. The board has decided that, following the “broader reaction to our recent results” that new…
Shares in Mitie Group were +5%, as the facilities management company reported that it narrowed its pre-tax loss by 58% (51% from continuing operations) as the costs of the year-old transformation programme were reduced. While adj. operating profits were -6% due to higher investment in customer service and technology, the company saw adj. revenue +3%…
Shares in WH Smith top the this morning, trading their best since early Feb, thanks to a well-received Q3 trading statement versus what it reported for the first six months in mid-April. Group Sales +4% YoY compares favourably with flat growth in H1, as does more gross margin improvement thanks to cost savings. Even better…