26 June 2015 Tesco (TSCO) is top of the UK 100 this week, dragging fellow grocers Sainsbury (SBRY) and WM Morrison (MRW) up with it, thanks to today’s well-received Q1 trading statement. The update has revived interest in the shares, suggesting the new CEO’s turnaround and restructuring plan (sales, size and reputation) is beginning to…
12 June 2015 This week the UK Government made big announcements in terms of UK Index stocks it is involved with.Firstly,it surprised us by selling half its remaining 30% stake in Royal Mail (RMG) in a single £750m transaction, and within only a week of announcing its intention to move towards full privatisation less than…
22 May 2015 Barclays announced a not insignificant £1.5bn in legal charges this week, pleading guilty and settling with regulators on both sides of the Atlantic, putting to bed months of shareholder uncertainty about how costly the slaps-on-the-wrist (they are but this I’m afraid, there will be more scandals – read on) would be for…
Shares in European budget airline easyJet (EZJ) are underperforming their blue-chip peers today in response to further gains in the price of oil – a key input cost – as the USD falls back from recent highs (making it cheaper to buy for those exchanging their home currency into dollars) after the latest update from the…
Fiat Chrysler Automobiles, owner of the iconic Ferrari, is to float the luxury sports car maker later this year. As a petrol head, you’ll be racing to get in on the Ferrari IPO, right? Well good luck with that! Only 10% of the shares will be made publicly available on the New York Stock Exchange….
By Augustin Eden, Analyst “Weaker airlines either integrate into a larger business or go out of business, but more efficient capacity, more efficient players will replace them,” says Wizz Air CEO Jozsef Varadi. That was an interesting phrase. At first glance I thought it was a simple commentary on the life cycle of a business…