Heavyweight BP’s Q3 results have sent its shares over 3% higher, adding a significant 12pts to the UK 100 index this morning. This comes after the oil major delivered a consensus-beating $1.87bn in Underlying Replacement Cost Profits (preferred industry measure), reporting its highest refining earnings in five years and good news of its E&P segment…
Macro observations As earnings season draws to a conclusion for another quarter, the focus for foreign exchange traders will be firmly set on geopolitics and central banks as a raft of potential market bombshells are prepared this week. Things get off to a flying start as we expect the first indictments from former FBI chief…
Things just got interesting. Just as some traders began to assume earnings season was bumbling towards a lacklustre ending, a multitude of shocking UK 100 results day moves have caught the attention of investors. Most notably, Barclays (BARC), the second largest UK bank by assets, dived 7% on Thursday following disappointing investment banking revenues, only a…
There are two ways to get a trade wrong. Actually, there are lots, but let’s concentrate on two of the most important to help transform you from a good to a great trader. Firstly, a trade can go against you for reasons you could never have foreseen. Think profits warning or a big currency move after…
RBS shares +2.8% have bucked the trend of UK bank peers this week with a positive reaction to Q3 results. This after adjusted operating profits of £1.245b easily beat £1bn expectations thanks to much lower conduct charges and restructuring costs. It also managed an impressive 70bp improvement to the closely watched Core Tier 1 capital…
Shareholders in Barclays will be hoping that its shares can emulate those of UK peer Lloyds yesterday with a rebound and recovery. From being offside by as much as 3%, they managed to close higher by almost 1%. However, with less than an hour gone, it’s not looking great for BARC as the shares trade…