This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
EasyJet Offers Both Growth and Income
Dow Jones – 3 Oct 2014
Shares in EasyJet (EZJ.LN) are in demand Friday, trading 7.1% higher at 1468p, after the airline raised its earnings guidance. Agreeing to pay their largest ever dividend payment, based on a pay-out ratio of 40% of profits after tax, should have investors very excited as the company is set for a fourth consecutive year of record profits, says James Abbott at Accendo Markets. “People always look for growth and income in these markets and EasyJet offers both of these. People should buckle up and enjoy the ride with the shares this year!”
Asia: compras a la espera del Informe de Empleo en Estados Unidos
Bolsomania – 3 Oct 2014
http://www.bolsamania.com/noticias/pulsos-asia/china-nikkei-japon-hong-kong–603647.html
La Bourse de Londres ouvre en hausse de 0,75%, dopée par les chasseurs de bonnes affaires
AFP / Les Echos – 3 Oct 2014
http://m.lesechos.fr/monde/la-bourse-de-londres-ouvre-en-hausse-de-0-75-dopee-par-les-chasseurs-de-bonnes-affaires-afp_00612906.htm
EasyJet hails a £5m windfall from an Air France pilot strike and hikes its annual profits forecast
This is Money – 3 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2779170/EasyJet-hails-5m-windfall-Air-France-pilot-strike.html
Kurdistan restart is welcome news for Afren investors
Proactive Investors – 2 Oct 2014
http://www.proactiveinvestors.co.uk/companies/news/72865/kurdistan-restart-is-welcome-news-for-afren-investors-72865.html
Market Report: Footsie decline deepens over US Ebola fears and protests in Asia
Standard – 2 Oct 2014
http://www.standard.co.uk/business/business-news/market-report-footsie-decline-deepens-over-us-ebola-fears-and-protests-in-asia-9769696.html
European stocks slide with focus on ECB
AFP – 2 Oct 2014
http://www.afp.com/en/news/european-stocks-slide-focus-ecb
Afren back at work in Iraq
Interactive Investors – 2 Oct 2014
http://www.iii.co.uk/articles/195623/afren-back-work-iraq
Shares In Britain’s Three Biggest Supermarkets Are Getting Demolished
Business Insider – 1 Oct 2014
http://www.businessinsider.co.id/british-supermarkets-share-price-drop-2014-10/
New probe rocks Tesco – tread carefully
Interactive Investors – 1 Oct 2014
http://www.iii.co.uk/articles/195298/new-probe-rocks-tesco-tread-carefully
As Sainsbury’s Struggles Could Qatar Bid Resurface?
International Business Times – 1 Oct 2014
http://www.ibtimes.co.uk/sainsburys-struggles-could-qatar-bid-resurface-1468094
New probe rocks Tesco – tread carefully
MoneyObserver – 1 Oct 2014
http://www.moneyobserver.com/news/01-10-2014/new-probe-rocks-tesco-tread-carefully
UK Index pulls back as investors queue to check-out of supermarkets
Proactive Investors – 1 Oct 2014
http://www.proactiveinvestors.co.uk/companies/market_reports/72829/UK Index -pulls-back-as-investors-queue-to-check-out-of-supermarkets-72829.html
Supermarkets sweep to bottom of UK 100
Financial Times – 1 Oct 2014
http://www.ft.com/cms/s/0/f816e172-493b-11e4-8d68-00144feab7de.html#axzz3Esp9BaQ4
China’s manufacturing growth unchanged in September
UK Index Global Markets – 1 Oct 2014
http://www.UK Index globalmarkets.com/news/chinas-manufacturing-growth-unchanged-in-september.html
UK 100 preview: Index to extend losses amid Asian uncertainty
Invezz – 1 Oct 2014
http://invezz.com/news/equities/13523-UK Index -100-preview-index-to-extend-losses-amid-asian-uncertainty
Sainsbury’s Shares Tank as It Launches a Strategic Review and Brushes Away Accounting Blunder Concerns
International Business Times – 1 Oct 2014
http://www.ibtimes.co.uk/sainsburys-shares-tank-it-launches-strategic-review-brushes-away-accounting-blunder-concerns-1467985
Next Buffeted by a Warm September — Market Talk
Dow Jones – 30 Sept 2014
Next (NXT.LN) falls 3.7% to 6610p after warning that it is likely to lower its full year profit guidance if the unusually warm U.K. weather continues for all of October. “Ahead of investor meetings this week, and with the shares now 10% off recent highs, management is trying to put markets at ease in terms of FY expectations by highlighting that the Autumnal turn tends to see a rush which helps make up some of the shortfall,” says Mike van Dulken at Accendo Markets. That said, the board must be hoping for a cold wind to blow pretty soon to boost the fourth quarter, he adds.
UK Index edges lower, Next weather warning hits retailers
Reuters – 30 Sept 2014
http://uk.reuters.com/article/2014/09/30/uk-markets-stocks-UK Index -idUKKCN0HP0PG20140930
BP Plc and BG Group plc Share Price Forecasts: BP and BG Intend on Maintaining Downtrends
C-Suite – 29 Sept 2014
http://www.thecsuite.co.uk/CFO/index.php/finance/123-bg-group-and-bp-plc-share-prices-454353
Balfour Beatty Stumbles Weeks After Spurning Carillion Merger
Wall St Journal – 29 Sept 2014
http://blogs.wsj.com/corporate-intelligence/2014/09/29/balfour-beatty-stumbles-weeks-after-spurning-carillion-merger/
Balfour Beatty shares plummet 23% as chairman quits after third profit warning
This is Money – 29 Sept 2014
http://www.thisismoney.co.uk/money/markets/article-2773347/Balfour-Beatty-shares-plummet-23-profits-warning.html
Balfour Beatty shares plummet as sounds earnings alarm for fifth time
Proactive Investors – 29 Sept 2014
http://www.proactiveinvestors.co.uk/companies/news/72695/balfour-beatty-shares-plummet-as-sounds-earnings-alarm-for-fifth-time-72695.html
UK Market Talk Roundup: Shares Losing
Dow Jones – 29 Sept 2014
It’s profit warning number five in two years for multinational infrastructure group Balfour Beatty (BBY.LN). “Write downs across a number of key contracts are to blame. Shares are down 30% from year highs after a string of multiple profit downgrades, investors need to question the future for Balfour and whether 5 warnings in 2 years is a sign to jump ship,” Says Amrit Panesar at Accendo Markets.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
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