Investors are placing bullish bets on Ladbrokes (LAD) this morning, sending its shares a handsome 12% higher. This comes after the UK’s CMA watchdog ruled provisionally that the £2.3bn merger with private equity-owned Gala-Coral would require the disposal of 350-400 betting shops to satisfy anti-trust concerns and receive regulatory clearance. On the surface a bullish…
What’s coming up in June? I think there’s some vote happening or something. Something to do with immigration? And while that’s probably going to keep markets distracted in June, it might be a good time to do a Jo Moore (famed for sending an opportunistic email on Sept 12th 2001) and ‘get anything out we…
Everyone hates stocks, huh? To use the word ‘hate’ has negative connotations. I hate the word. That $44bn has left equity-focused ETFs in just over a month, with much of that capital now in Gold-focused ETFs, Gold miners or just languishing as plain cash, is understandably interpreted in terms of market sentiment, yet I’m not convinced this…
In this post we discuss International Airlines Group and four of its fellow UK 100 blue chip stocks that all share one thing in common: There’s not a ‘Sell’ rating in sight! Analysts tend to disagree with one another… It’s natural for different analysts to look at different metrics when analysing stocks – there are…
Shares in UK 100 banks are doing well this morning (up 1-3%) as investors breathe a collective sigh of relief that results from a long-awaited 19-month investigation by the CMA competition watchdog weren’t more drastic. A requirement to cap unauthorised overdraft fees and join a price-comparison website to give customers better service and facilitate switching…
Macro observations The USD capped another winning week with a strong breakout from its 5-week falling channel and the 50-day MA. Currently consolidating, the strong performance of late has appeared unsupported by fundamentals – those comprising a string of disappointing (ergo rate hike negative) US macro data. With risk assets also outperforming, tracking the oil price higher, USD…