Accendo Press Quotes - Week Ending 24 Feb

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Accendo Press Quotes – Week Ending 24 Feb

24 Feb

Digital Look

Mike van Dulken at Accendo Markets said: “UK Index sentiment may be impacted by RBS chalking up its ninth straight annual loss and outlook suggesting more to come (legacy clean-up, US legal settlements) before a return to profitability. This is rather at odds with peer Lloyds which continues to recover, able to offer special dividends and the government’s bailout stake sale almost complete.”
http://www.digitallook.com/news/market-report-opening/london-open-stocks-drift-as-rbs-posts-its-ninth-consecutive-loss–2543382.html

23 Feb

Armchair Trader

Accendo Markets Analyst, Mike Van Dulken commented – “In focus today will be fallout from last night’s Fed minutes which were taken as less hawkish than the meeting itself. While reiterating that rate hikes should come sooner rather than later, the minutes also pointed towards uncertainty from incoming Trump administration policies that could impact the Fed’s decision making before the next meeting. As such, all meetings remain live, however we are left no more enlightened as to when exactly the next hike will come.”
http://www.thearmchairtrader.com/news/banking-sector-focus-barclays-announces-3-2bn-annual-profit

22 Feb

Business Insider

“UK Index sentiment may be impacted by Lloyds Banking Group results which appear to have beaten at the underlining profits before tax level (highest in 10 years; lower PPI) and the dividend being increased,” Mike van Dulken of Accendo Markets writes in his morning email. “Housebuilder Barratt Developments says it is confident with its FY outlook thanks to forward sales +17% and has announced special dividends of £175M for both Nov 2017 and Nov 2018,” he added.”
http://uk.businessinsider.com/UK Index -100-performance-on-wednesday-february-22-2017-2

21 Feb

This is Money

Mike van Dulken, head of research at Accendo Markets said that some investors were disappointed with the scale of the share buyback programme
http://www.thisismoney.co.uk/money/markets/article-4244800/HSBC-reveals-62-slump-annual-profit.html

20 Feb

Telegraph

Mike van Dulken, of Accendo Markets, said: “Calls for a positive start to the new trading week, one without the US today on account of President’s Holiday, come after US bourses closed positive on Friday and despite a mixed session in Asia overnight. While the UK Index is called higher this morning, note Kraft-Heinz has withdrawn its offer for Unilever, news which helped the latter rally over 13pc on Friday and contribute over 24pts to the index which gained only 22pts itself.”
http://www.telegraph.co.uk/business/2017/02/20/UK Index -100-rises-unilever-poised-worst-day-almost-nine-years-kraft/

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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