This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Tesco UK sales decline slows as supermarket beats expectations
Int. Bus. Times – 26 Jun
http://www.ibtimes.co.uk/tesco-reports-slows-revenue-drop-still-suffers-falling-food-prices-1508048
Asian stocks dragged lower by Chinese markets
Digital Look – 26 Jun
http://www.digitallook.com/news/market-report-asia/asian-stocks-plunge-led-by-china-markets–778089.html
LONDON MARKET MID-MORNING: Tesco Shines As Stocks Sunk By Greece
LSE/Alliance News – 26 Jun
http://www.lse.co.uk/AllNews.asp?code=gk0r1ee7&headline=LONDON_MARKET_MIDMORNING_Tesco_Shines_As_Stocks_Sunk_By_Greece
Tesco escapes UK Index ‘s sea of red on turnaround hopes
CityWire – 26 Jun
http://citywire.co.uk/money/tesco-escapes-UK Index s-sea-of-red-on-turnaround-hopes/a823012
Greece crisis: markets open lower ahead of weekend talks – live
Guardian – 26 Jun
http://www.theguardian.com/business/blog/live/2015/jun/26/greece-crisis-markets-to-open-lower-ahead-of-weekend-talks-live
Whose round is it in the last chance saloon?
Proactive Investors – 26 Jun
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22492/whose-round-is-it-in-the-last-chance-saloon-22492.html
London shares fall as Greek impasse drags on
Proactive Investors – 25 Jun
http://www.proactiveinvestors.co.uk/companies/market_reports/108384/london-shares-fall-as-greek-impasse-drags-on-108384.html
All that hype for nothing
Proactive Investors – 25 Jun
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22484/all-that-hype-for-nothing-22484.html
Quindell, the scandal-ridden insurance firm, is being investigated by City regulators
Independent – 24 Jun
http://www.independent.co.uk/news/business/analysis-and-features/accident-black-spot-scandalridden-insurance-firm-quindell-is-being-investigated-by-city-regulators-10343830.html
Profit Warning Rocks Elementis, Shares Roiled — Market Talk
Dow Jones – 24 Jun
Shares in specialty chemicals company Elementis slump 13.8% to 268.6p after the company released an unscheduled full-year profit warning highlighting short-term issues in 2Q. “With the oil price having fallen on questionable global demand and US frackers having mothballed projects due to them being unprofitable it is surprising to us that this comes as a surprise to ELM, with declining US drilling activity well-known and already highlighted by the company as 13% lower in Q1,” says Mike van Dulken at Accendo Markets.
Analysts mixed on Elementis as investors dump shares
Digital Look – 24 Jun
http://www.digitallook.com/news/all/analysts-mixed-on-elementis-as-investors-dump-shares–774783.html
Watchdog in shock Quindell accounts probe
Standard – 24 Jun
http://www.standard.co.uk/business/business-news/watchdog-in-shock-quindell-accounts-probe-10341474.html
Quindell suspended from Aim as FCA begins investigation
CityAM – 24 Jun
http://www.cityam.com/218707/quindell-suspended-aim-fca-begins-investigation
Quindell under investigation by FCA
Interactive Investor – 24 Jun
http://www.iii.co.uk/articles/250559/quindell-under-investigation-fca
Trading in Quindell suspended on AIM as City watchdog confirms investigation into controversial accounting practices at firm
This is Money – 24 Jun
http://www.thisismoney.co.uk/money/markets/article-3137597/Trading-Quindell-suspended-AIM-City-watchdog-confirms-investigation.html#ixzz3e3XSjiLq
2nd UPDATE: Ladbrokes Surges On Gala Coral Merger Talks
London Southeast – 23 June
http://www.lse.co.uk/AllNews.asp?code=i2voxez4&headline=2nd_UPDATE_Ladbrokes_Surges_On_Gala_Coral_Merger_Talks
Proactive Investors – 23 Jun
http://www.proactiveinvestors.co.uk/companies/news/108275/update-ladbrokes-soars-on-news-of-4bn-merger-talks-with-gala-coral-108275.html
C-Suite – 23 Jun
http://www.thecsuite.co.uk/CIO/index.php/strategy/314-blackberry-ltd-share-price-454354
Interactive Investor – 23 Jun
http://www.iii.co.uk/articles/250283/gala-merger-bingo-ladbrokes
Daily Mail – 23 Jun
http://www.dailymail.co.uk/wires/reuters/article-3135746/European-shares-hit-3-week-high-expectations-Greek-deal.html
Citywire – 23 Jun
http://citywire.co.uk/money/UK Index -cant-match-eurozones-greece-rally/a822322
Greek crisis: Athens and creditors race to reach deal this week
Guardian – 23 Jun
http://www.theguardian.com/business/live/2015/jun/23/greek-crisis-athens-creditors-deal-imf-ecb-banks-live?CMP=share_btn_tw#block-55890108e4b00e5d0913552e
European shares hit three-week high on Greek optimism
Reuters – 23 Jun
http://uk.reuters.com/article/2015/06/23/markets-stocks-europe-idUKL8N0Z90SC20150623
Asia: Stocks higher ahead of EU summit, China closed for holiday
Digital Look/Sharecaset – 22 Jun
http://www.digitallook.com/news/market-report-asia/asia-stocks-higher-ahead-of-eu-summit-china-closed-for-holiday–771963.html
Stubborn Tsipras bottles it?
Proactive Investor s – 22 Jun
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22457/stubborn-tsipras-bottles-it-22457.html
Greek crisis: Markets surge on hopes of last-minute deal – live updates
Guardian – 22 Jun
http://www.theguardian.com/business/live/2015/jun/22/greek-crisis-eurozone-summit-leaders-eurogroup-ecb-live
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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