The UK 100 is alive and she is kicking! after several weeks of pullback since its 2019 highs, the index managed to bounce off a 7129 support and reach right up to the floor of the previous multi-month range that we have seen so much of this year. Is this 3.2% bounce off the…
What good is owning a home in the UK if you don’t go through the daily anxiety of real estate value crashing due to Brexit? Well, it’s not like you can afford to worry about owning or buying a house if you’re a millennial. But for everyone else, the new 31st of October withdrawal extension…
It’s rare, but we have another one. A broker price target of zero pence. The stock is Thomas Cook (TCG). The broker is Citi. And there are no prizes for guessing that the analyst’s rating is Sell. Not to draw too ugly a parallel, but the last time we saw one was with Carillion, Interserve, Patisserie…
UK Index heavyweight Vodafone slashed its dividend by 40% this morning. To some investors this was a surprise. To those in-touch with the financial markets, perhaps via a friendly broker such as Accendo, it was no surprise at all. The threat of a dividend cut explains much of Vodafone’s share price decline of the last 6-8…
The phrase “Buy when there is blood in the streets, even if the blood is your own” is attributed to 18th century banking superstar Baron Rothschild. Finding out the outcome of the battle of Waterloo ahead of other traders, the Rothschilds bought up a lot of British government bonds. The very same bonds that…
This week the UK 100 extended its pullback from 2019 highs. Déjà vu? You’re not mistaken. I wrote the same last week. The index even broke below 7300 to test 7200, a level we are re-testing as I type. Will this prove a mini-range which helps the index bottom out? Or is it merely a within…