This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Gold losing its lustre after BoJ tops up the punch bowl
Proactive Investors – 31 Oct 2014
http://www.proactiveinvestors.co.uk/companies/market_reports/73872/gold-losing-its-lustre-after-boj-tops-up-the-punch-bowl-0000.html
Gold price tumbles to four-year low
AFP – 31 Oct 2014
http://www.afp.com/en/news/gold-price-tumbles-four-year-low
Japan lifts world stock markets with surprise extension of stimulus programme
Independent – 31 Oct 2014
http://www.independent.co.uk/news/business/news/japan-lifts-world-stock-markets-with-surprise-extension-of-stimulus-programme-9831081.html
Market Report: No Hallowe’en fears for Footsie as Japan’s stimulus injects new life
Standard – 31 Oct 2014
http://www.standard.co.uk/business/markets/market-report-no-halloween-fears-for-footsie-as-japans-stimulus-injects-new-life-9830504.html
IAG’s strong results pave the way for first dividend
Telegraph – 31 Oct 2014
http://www.telegraph.co.uk/finance/newsbysector/transport/11200342/IAGs-strong-results-pave-the-way-for-first-dividend.html
¿Qué factores explican la fuerte subida de IAG tras sus resultados?
Bolsomania – 31 Oct 2014
http://www.bolsamania.com/noticias/analisis-fundamental/que-factores-explican-la-fuerte-subida-de-iag-tras-sus-resultados–616233.html
BT Profit Jumps 10% Due to Demand in Broadband and Sport Packages
Int Business Times – 30 Oct 2014
http://www.ibtimes.co.uk/bt-profit-jumps-10-due-demand-broadband-sport-packages-1472452
BT down, but not out
Interactive Investor – 30 Oct 2014
http://www.iii.co.uk/articles/202008/bt-down-not-out
BT Strikes Netflix Deal as Profit Falls
Wall St Journal – 30 Oct 2014
http://online.wsj.com/articles/bt-strikes-netflix-deal-as-profit-falls-1414669797
BT Group: le bénéfice chute au 2e trimestre
AFP / Romandie – 30 Oct 2014
http://www.romandie.com/news/BT-Group-le-benefice-chute-au-2e-trimestre/532368.rom
UK Index falls after Fed comments while BT hit by competition fears
Guardian – 30 Oct 2014
http://www.theguardian.com/business/marketforceslive/2014/oct/30/UK Index -falls-after-fed-comments-while-bt-hit-by-competition-fears
Market movers – Randgold Resources, Barclays, Shell, BT, Ferrum, Falanx
Proactive Investor -30 Oct 2014
http://www.proactiveinvestors.co.uk/companies/market_reports/73808/market-movers-randgold-resources-barclays-shell-bt-ferrum-falanx-73808.html
Sellers are in control of BT Group
Dow Jones – 30 Oct 2014
Sellers are in control of BT Group (BTA.LN) shares Thursday sending the shares down 2.75% to 364.5p, despite the 2Q trading statement being slightly ahead of forecasts. Aymen Azizi, Trader at Accendo Markets, says Thursday’s statement failed to mask the aggressive competition in the sector. Adds that, “deepening pension liabilities and rocketing premiums to secure TV content have led to the share price stagnating over the past 12 months and have seen downgrades creeping in from City analysts.”
BT targets big spenders as broadband battle intensifies
Reuters – 30 Oct 2014
http://uk.reuters.com/article/2014/10/30/bt-group-results-idUKL5N0SP18620141030
UK Index feels weight of commodity stocks after hawkish Fed
Reuters – 30 Oct 2014
http://uk.reuters.com/article/2014/10/30/uk-markets-stocks-UK Index -idUKKBN0IJ0VU20141030
FX Fixing: Barclays Sets Aside £500m to Deal With Market Manipulation Probes
Int Business Times – 30 Oct 2014
http://www.ibtimes.co.uk/fx-fixing-barclays-sets-aside-500m-deal-market-manipulation-probes-1472398
Some Analysts Are Really Happy That Lloyds Bank Is Cutting 9,000 Jobs
Business insider -28 Oct 2014
http://www.businessinsider.my/analysts-on-9000-layoffs-by-lloyds-bank-2014-10/#.VFCNPPmsWVM
UK 100 : This morning’s risers and fallers
Your Money – 28 Oct 2014
http://www.yourmoney.com/your-money/news/2378110/UK Index -100-this-mornings-risers-and-fallers
Lloyds Banking Group to axe 9,000 jobs and 150 branches as part of strategy to trim costs and ‘digitise’ business
This is Money – 28 Oct 2014
http://www.thisismoney.co.uk/money/news/article-2810695/Lloyds-axe-9-000-jobs-150-branches-trims-costs-digitises-business.html
London open: UK stocks rise, but Lloyds and StanChart fall
Digital Look – 28 Oct 2014
http://www.digitallook.com/news/market-report-opening/UK Index -stocks-shares-market-report-bp-lloyds-standard-chartered–614283.html
Standard Chartered Slumps on Q3 Results, H2 Outlook
WBP Online – 28 Oct 2014
http://wbponline.com/Articles/View/37627/standard-chartered-slumps-on-q3-results-h2-outlook
Lloyds Hit By More PPI Claims; But For How Long? — Market Talk
Dow Jones – 28 Oct 2014
Lloyds Bank’s (LYG) shares slip 1.8% to 74p after its 3Q release, which includes a GBP900M provision to cover claims from customers wrongfully sold payment-protection insurance. The markets are not reacting well to PPI totaling another GBP900M, says James Abbott at Accendo Markets. “However, once these cobwebs are all out the cupboard what will hold this company back,” he asks. Notes Lloyds still reported a hefty rise in 3Q underlying profit and is in discussions about resuming dividend payments. Adds Lloyds could soon be offering everything investors are waiting for; growth and income. “Could this be the catalyst to push the shares towards the magic 100p mark?”
Markets hit by weak German business confidence — business live
Guardian – 27 Oct 2014
http://www.theguardian.com/business/live/2014/oct/27/european-bank-stress-tests-italy-monte-dei-paschi-live
La Bourse de Londres termine en baisse avec Lloyds
Les Echos – 27 Oct 2014
http://www.lesechos.fr/finance-marches/marches-financiers/afp-00614089-la-bourse-de-londres-termine-en-baisse-avec-lloyds-1058044.php
MONDAY MARKET CLOSE: Bank stocks under stress after tests
Scotsman – 27 Oct 2014
http://www.scotsman.com/business/finance/monday-market-close-bank-stocks-under-stress-after-tests-1-3585353
European financial stocks feel stress of bank tests
Financial Times – 27 Oct 2014
http://www.ft.com/cms/s/0/5adb26aa-5db5-11e4-897f-00144feabdc0.html
UK Index falls as bank stress test relief proves short-lived
CityWire – 27 oct 2014
http://citywire.co.uk/money/UK Index -falls-as-bank-stress-test-relief-proves-short-lived/a780132
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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