As my trading colleague mentioned last week, the fact that the UK 100 Index is trading within a tight range has generated mixed response. On the one hand it is a ‘range-traders’ dream with its repeated bounces around 6100 and fall-backs from 6200. And it’s been a month now. On the other hand it is…
Marks & Spencer shares are continuing to pull their socks up this morning, extending their breakout from a 5-month downtrend thanks to Q4 results which weren’t quite as pants as markets had feared from the UK’s underwear-retailer of choice. Even though the results represents a quasi-full-year profits warning, investors have given them a warm welcome to…
easyJet (EZJ) shares are encountering turbulence this morning after monthly traffic statistics shows the budget airline struggling to keep pace with rival Ryanair (RYA). While EZJ passenger numbers may have climbed 4.3% to 5.73m in March the all-important load-factor fell by a worrying 130bps to a disappointing 91.3%. On the flip side its rolling 12m total…
As we work our way towards the next set of earnings releases from the UK’s listed companies, it makes sense to start thinking about what’s in store. Cranswick Foods released a trading statement for the year ending 31 March on 5 April, a nice little warm-up (or you could think of it as defrosting the Sunday…
FedEx stocks are in the spotlight with the US-listed delivery company first to take advantage of the ECB’s recent QE expansion, having just announced plans to market Euro-denominated bonds – jumping on the lowest borrowing costs in almost a year for overseas issuers. FedEx (FDX) is said to be eyeing the issuance in order to…
Shares in in payments processing giant Worldpay (WPG) are topping the UK 100 this morning, benefiting from a revival of interest into April/Q2. This follows a tough March during which investors sent shares back near to February lows. While FY 2015 results were on all accounts decent (revenues +14%, profits +34%, free cash flow positive) markets…