The UK 100 is doing its best to keep the post-Brexit recovery alive in spite of the understandable uncertainty that has arisen following the referendum. But clients keep throwing the same question my way – how can the index be up if my beloved banks, financials, miners and housebuilders are all on their arse? This…
UK booze behemoth Diageo has garnered the attention of the public recently, following its foray into the non-alcoholic soft drinks business with an investment in UK startup Seedlip. Most entrepreneurs will be kicking themselves for not thinking of making a truly sophisticated non-alcoholic drink (well, all those except the one that did) – as was I when someone…
Persimmon shares are delivering a textbook lesson to investors this morning, highlighting the dangers in relying on headlines alone. Today’s H1 trading update may show revenues up a handsome 12% coupled with volumes and average selling prices climbing by 6%. But a 4% share price decline is all down to Brexit uncertainty easily outweighing the positive financials…
Shares in outsourcing company Kier Group (KIE) engaged in some hefty moves on the morning of 4 July after the company reported decent H1 earnings along with a mixed outlook. The Brexit vote has had a negligible effect on the company’s performance to date, with turgid order books and a diversified business helping to offset risk. However, management did…
Macro observations Overview The first half of 2016 closed off in uncharacteristically volatile fashion due to that surprise Brexit vote in the UK. This certainly hasn’t been limited to equity markets either – obviously the GBP has been hit with additional pressure now evident given the Bank of England’s intention to apply some economic stimulus to…
In early April we wrote about the impressive number of UK 100 stocks trading at all-time highs – a host of opportunities away from the usual suspects (banks, miners, housebuilders) that clients love to trade. While the UK Brexit vote to leave the EU may have seen the UK Index take a big dive and…