13 Jan

Business Insider

• Mike van Dulken at Accendo Markets said shareholders were “breathing a collective sigh of relief” on the share price jump.”This more than makes up for yesterday’s worrying near-6% pre-trading-update drop. It also reverses a poor start to the year that itself follows an annus horribilis which saw the shares plunge over 25% after the Brexit referendum and another 22% on a November profits warning that claimed the scalp of the CEO.”
• http://www.digitallook.com/news/news-and-announcements/sig-sales-up-11-in-disappointing-year–2446014.html

12 Jan

Business Insider

• Michael van Dulken, head of research at Accendo Markets, says in an email on Thursday morning: “At first glance, treading would appear to have been solid into the Christmas period.”
• http://uk.businessinsider.com/super-thursday-tesco-marks-and-spencer-asos-john-lewis-debenhams-jd-sports-report-christmas-trading-2017-1/#john-lewis-a-strong-christmas-but-trading-profit-is-under-pressure-3

11 Jan

Digital Look

• Accendo Markets’ Mike van Dulken said: “In focus today will be President-elect Trump’s press conference at 4pm UK this afternoon, possibly his last official appearance before a his Jan 20 inauguration. After his latest bout of furious tweeting and success in encouraging corporates to expand at home rather than abroad, what will he have to add, and will he comment on overnight ‘kompromat’ claims about his links to Russia and conduct behind closed doors?“Data-wise November updates on UK Industrial and Manufacturing Production and Construction Output are released. The former is forecast to rebound from its weakest since summer 2012 while Manufacturing reverses a 6-month downtrend to return positive. After last week’s PMI Construction print showed continued recovery from a summer Brexit wobble, all eyes will be on whether Construction Output bounces back from a weak October.”
• http://www.digitallook.com/news/market-report-opening/london-open-stocks-flat-as-investors-eye-data-trump-conference–2437510.html

 10 Jan

Telegraph 

• Mike van Dulken, of Accendo Markets, said: “Calls for a mildly positive start come in spite of mixed session in the US and Asia. Higher base metal prices are helping sentiment towards UK Index miners thanks to news of supply cuts in China and positive inflation data from the world’s #2 economy, while Oil finds a smidgen of support and precious metals continue their rebound. Persistent GBP weakness derived from expectations of a hard Brexit are also whetting appetite for internationally focused blue-chip.”
• http://www.telegraph.co.uk/business/2017/01/10/UK Index -100-sets-another-record-high-pound-slumps-fresh-10-week/

 9 Jan

Business Insider 

• Michael van Dulken, head of research at Accendo Markets, says in an email on Monday morning that the dollar’s strength is partly to blame for the fall in the pound but adds: “UK PM May’s Hard Brexit rhetoric (ditch single market) in a Sky interview also gave Sterling a kick.”
• http://uk.businessinsider.com/pound-moves-against-dollar-euro-january-9-theresa-may-sky-news-brexit-interview-2017-1