I’ve lost count of how many times I’ve heard “it’s got to pull back from here, surely”. Meanwhile the tally of record closing (and intraday) highs grows. The Dow has pushed through 23K, the S&P above 2550, the Nasdaq has bettered 6100 and German DAX smashed through 13K. As a group they have registered nearly…
No one likes to be on the wrong side of a profits warning and they are thankfully not too common. This week, however, we had two of them from UK 100 blue-chips, both companies’ shares falling by a whopping 10%. But it needn’t have hurt that much. There are simple things you can do to…
Third quarter earnings season is in full swing, with a whole host of companies on both sides of the Atlantic preparing to announce how they’ve fared over the past three months. These are the companies that you should be watching next week and why. Things get off to a fast start on Monday. Fresh from…
Engineer GKN’s shares have undone most of what was an otherwise enticing 6-week 15% rebound, dashing any hopes of another 8% bullish flag rally to revisit 2017 highs of 380p. Its sharp declines of up to 10% this morning have put the shares firmly in the UK 100 dog house. This comes after management was…
The last three weeks have seen the UK’s UK 100 blue-chip index of shares bounce over 300 points (+4.1%). And it’s still pointing north. Impressive when you consider we’ve had multiple events, some of which tragic (Las Vegas attacks) and others more political (Catalonia referendum) which one would assume could scupper the uptrend. But it’s not just…
Some of the biggest winners and losers on the UK Index this week can be derived from UK Prime Minister Theresa May and the Conservative Party Conference. Nothing to do with the P45 prank or uncontrollable coughing, rather her party pledge to help fight for consumers on two fronts: energy prices and the housing market….