This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
London open: Ebola fears hit UK stocks after NY doctor tests positive for virus
IFA Magazine – 24 Oct 2014
http://www.ifamagazine.com/news/london-open-ebola-fears-hit-uk-stocks-after-ny-doctor-tests-positive-for-virus-307837
UK Index LIVE: Footsie lower with investors spooked by first Ebola case in New York City; UK Q3 growth reading as forecast
This is Money – 24 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2806115/UK Index -LIVE-Ebola-case-New-York-City-spooks-investors-sending-stock-futures-tumbling-Footsie-lower.html
Weaker travel and leisure stocks push UK Index lower
Reuters – 24 Oct 2014
http://uk.reuters.com/article/2014/10/24/markets-stocks-UK Index -idUKL6N0SJ1FT20141024
La Bourse de Londres recule, Ebola pèse sur le tourisme et l’aérien
Les Echos – 24 Oct 2014
http://www.lesechos.fr/finance-marches/marches-financiers/afp-00613982-la-bourse-de-londres-recule-ebola-pese-sur-le-tourisme-et-laerien-1057187.php
Ebola: New York case rattles markets
Telegraph – 24 Oct 2014
http://www.telegraph.co.uk/finance/markets/11184376/Ebola-New-York-case-rattles-markets.html
Quiz: How well do you know your Tesco catastrophes?
CityAM – 23 Oct 2014
http://www.cityam.com/1414066612/quiz-how-well-do-you-know-your-tesco-catastrophes
Foxtons hit by ‘sharp slowdown’ in London housing market
Telegraph – 23 Oct 214
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11181672/Foxtons-hit-by-sharp-slowdown-in-London-housing-market.html
THURSDAY MARKET CLOSE: Europe pick-up gives markets a ride
Scotsman – 23 Oct 2014
http://www.scotsman.com/business/finance/thursday-market-close-europe-pick-up-gives-markets-a-ride-1-3582230
Tesco rocked by record profit fall
Herald Scotland – 23 Oct 2014
http://www.heraldscotland.com/business/company-news/tesco-rocked-by-record-profit-fall.25679179
Tesco slumps; Novozymes rallies: Europe’s big stock movers
MarketWatch – 23 Oct 2014
http://www.marketwatch.com/story/tesco-slumps-novozymes-rallies-europes-big-stock-movers-2014-10-23?link=MW_latest_news
UK Index falls back after poor updates from Tesco, Unilever and Tullow
Guardian – 23 Oct 2014
http://www.theguardian.com/business/marketforceslive/2014/oct/23/UK Index -falls-back-after-poor-updates-from-tesco-unilever-and-tullow
Foxtons warns earnings hurt by London property slowdown
Reuters – 23 Oct 2014
http://uk.reuters.com/article/2014/10/23/uk-foxtonsgroup-results-idUKKCN0IC0WS20141023
Tesco pre-tax profits fall 92% but beat targets – UPDATE
Digital Look – 23 Oct 2014
http://www.digitallook.com/cgi-bin/dlmedia/news.cgi?username=&ac=&view=full&story=22162177
Tesco Chairman Quits As Supermarket Unveils Horrendous 92% Profit Plunge
Huffington Post – 23 Oct 2014
http://www.huffingtonpost.co.uk/2014/10/23/tesco-profits-_n_6028914.html?utm_hp_ref=uk&ir=UK
UK Index LIVE: Tesco tumbles as profits collapse and accounting black hole widens dragging Footsie lower again
This is Money – 23 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2804509/UK Index -LIVE-Tesco-tumbles-profits-collapse-accounting-black-hole-widens-dragging-Footsie-lower-again.html
The World’s Second Biggest Retailer Is Getting Hammered As Profits Collapse 90%
Business Insider – 23 Oct 2014
http://www.businessinsider.com/tesco-results-profit-collapse-2014-10
Tesco Slumps; Continues to Disappoint, Says Accendo — Market Talk
Dow Jones – 23 Oct 2014
Shares in supermarket giant Tesco’s (TSCO.LN) slump over 6% in early trade after the company recorded a record 92% decline in pre-tax profits in the first half of the year. “Blackrock has publicly been dumping the stock, Warren Buffett announced his investment was a ‘huge mistake’ and a further GBP13M on top of the GBP250m accounting black hole sees the shares back around multi-year lows,” says James Abbott at Accendo Markets. “Why would anyone take a risk on a company that continues to disappoint in this manner?
Weak U.S. Close, Oil Price Slump to Drag on London Shares
Dow Jones – 23 Oct 2014
“Mike van Dulken, Head of Research at Accendo Markets, commented to clients: “The UK 100 Index called to open 40 points lower at 6355, back around Tuesday’s breakout level, which remains supportive following another test of 6400 amid the reversal from 6100…The weak open call stems from a negative U.S. close and Asian session after much higher than expected U.S. crude inventories led to another slump in oil prices (27-month low), dragging equities lower on profit taking from the recent rebound and overnight China Manufacturing data delivering mixed messages.”
UK 100 : This morning’s risers and fallers
Your Money – 22 Oct 2014
http://www.yourmoney.com/your-money/news/2377069/UK Index -100-this-mornings-risers-and-fallers
British American Tobacco drags Footsie lower
Proactive Investor – 22 Oct 2014
http://www.proactiveinvestors.co.uk/companies/news/73520/british-american-tobacco-drags-footsie-lower-73520.html
London open: UK stocks slip as investors await MPC minutes
Digital Look – 22 Oct 2014
http://www.digitallook.com/cgi-bin/dlmedia/news.cgi?username=&ac=&view=full&story=22157867
British American Tobacco Slumps; Drags UK Index Down — Market Talk
Dow Jones – 22 Oct 2014
British American Tobacco (BATS.LN) drops 4.5% to 3310.5p after reporting a big fall in nine-month revenue. Investors are fuming at “the extent of currency devaluation on revenues and a challenging trading environment blamed on weak emerging markets, Europe’s struggling economic recovery and continued pressure on disposable incomes,” says Mike van Dulken, Head of Research at Accendo Markets. Also notes this share price fall has hit the UK 100 to the tune of nine points, meaning the U.K. benchmark index is underperforming the core European markets, now down 22 points or 0.4%.
Apple sales soar after record-breaking iPhone 6 launch – but UK chip supplier ARM misses revenue forecasts
This is Money – 21 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2801317/apple-sales-soar-record-breaking-iphone-6-6-plus-launch.html
ARM must find support or face slump
Interactive Investor – 21 Oct 2014
http://www.iii.co.uk/articles/199889/arm-must-find-support-or-face-slump
ARM Holdings offers rosy outlook in shift to internet of things
Financial Times – 21 Oct 2014
http://www.ft.com/cms/s/0/5629896c-590f-11e4-9546-00144feab7de.html
ARM Holdings plc: Liberum Remain Cautious on ARM Share Price Outlook
C-Suite – 21 Oct 2014
http://www.thecsuite.co.uk/CIO/index.php/strategy/120-liberum-caution-on-arm-holdings-plc-share-price-outlook-45454
UK Index LIVE: Footsie recovers to push higher as weak China growth data sparks hopes for fresh stimulus moves
This is Money – 21 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2801259/UK Index -live-weak-china-growth-dampens-investor-mood.html
London stocks slip on China data
AFP – 21 Oct 2014
http://www.afp.com/en/news/london-stocks-slip-china-data
UPDATE: ARM To Meet Market Expectations For Fourth Quarter As Profit Rises
Alliance News / LSE – 21 Oct 2014
http://www.lse.co.uk/AllNews.asp?code=lont9x84&headline=UPDATE_ARM_To_Meet_Market_Expectations_For_Fourth_Quarter_As_Profit_Rises
La Bourse de Londres recule après des résultats d’entreprises mitigés
Les Echos / AFP – 21 Oct 2014
http://www.lesechos.fr/finance-marches/marches-financiers/afp-00613814-la-bourse-de-londres-recule-apres-des-resultats-dentreprises-mitiges-1055893.php
Footsie slips back in the red with investors nervous over state of global economy; Tesco up 3%
This is Money – 20 Oct 2014
http://www.thisismoney.co.uk/money/markets/article-2799754/UK Index -close-footsie-slips-red-investors-nervous-state-global-economy.html
Bargain hunters limit UK 100 losses
Financial Times – 20 Oct 2014
http://www.ft.com/cms/s/0/ed7c03e8-582f-11e4-b331-00144feab7de.html#axzz3GfzleQYz
Japanese stock market bounces back from last week’s turmoil– business live
Guardian – 20 Oct 2014
http://www.theguardian.com/business/live/2014/oct/20/stock-markets-recover-japan-nikkei-UK Index -business-live
Las Bolsas asiáticas ganan terreno al suavizarse el miedo al estancamiento
Capital Bolsa – 20 Oct 2014
http://www.capitalbolsa.com/articulo/170756/las-bolsas-asiaticas-ganan-terreno-al-suavizarse-el-miedo-al-estancamiento-.html
Wiener Börse (Eröffnung) – ATX am Vormittag etwas höher
Der Börsianer – 20 Oct 2014
http://www.derboersianer.com/news/unternehmen/artikel/details/wiener-brse-erffnung-atx-am-vormittag-etwas-hher327365.html
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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