“One of the sad and unintended consequences of Brexit,” said Arm Holdings’ founder Hermann Hauser yesterday after SoftBank lodged a £24.3bn offer for the UK listed chip designer, representing a 43% premium to last Friday’s close. Unfortunately for me, Hauser is a Remainer. If he were a Brexiteer then this would’ve been a lot more fun to write, but hey….
The UK Index ’s Mining contingent is on the back foot this morning, holding the UK blue-chip index back after Rio’s Q2 Production Report delivered iron-ore shipments below analyst expectations, albeit still higher than both Q1’16 and Q2’15. Management has been fortunate to be able to reiterate 2016 production guidance thanks to limited weather impact,…
Macro observations Overview Fed chatter sees the US central bank desperate to keep markets expectant of at least one US rate hike in 2016. However, with some form of economic stimulus widely expected from the Bank of England in August, policy divergence between Europe and the US is only set to widen. A key test for…
Having read through the Bank of England’s July MPC minutes yesterday, the more I think about it the more I don’t see a rate cut in August either. UK interest rates are already at a historic low of 0.5%, and we know Mark Carney is not a fan of the negative. With so little room…
Looking at the shares that have suffered most since Brexit is a common client strategy for identifying recovery opportunities and we could be set to see a great rotation. It’s human nature to consider the possibility that share prices will return to where they fell from. So my clients have me closely monitoring a handful of names…
Barratt Developments (BDEV) was one of the top stocks on our ‘zero sells’ list. Brokers are still unanimously bullish on the company’s shares despite the whole house building sector taking a big hit after the UK’s vote to leave the EU (If I ever have to write that phrase again, I swear I’ll…). But unfortunately…