As we reach the tail end of third quarter earnings season, there are still some major players yet to report their figures. None more so than the lifeblood of the UK economy, the Banks, with the four major players in the sector beginning announcements from next Wednesday. Furthermore, with the UK 100 only 50 points…
Shares in Interserve are up another 14% this morning, extending yesterday’s 30% rebound from profits warning lows (down up to 40%), its second in a month and third for the year. A major contract win (5yr, £227m, facilities management for UK Department for Work & Pensions) offers hope after management highlighted a worrying deterioration in Q3…
I’ve lost count of how many times I’ve heard “it’s got to pull back from here, surely”. Meanwhile the tally of record closing (and intraday) highs grows. The Dow has pushed through 23K, the S&P above 2550, the Nasdaq has bettered 6100 and German DAX smashed through 13K. As a group they have registered nearly…
13 Oct Armchair Trader (Link) The US equity markets retreated from their fresh all-time intraday highs yesterday to close short of Wednesday’s record closes as earnings season begins in earnest. Accendo Markets analyst, Mike van Dulken noted “All three major US indices closed 0.1-0.2% lower following results from JPMorgan and Citigroup, with the former weighing on the Dow Jones alongside…
No one likes to be on the wrong side of a profits warning and they are thankfully not too common. This week, however, we had two of them from UK 100 blue-chips, both companies’ shares falling by a whopping 10%. But it needn’t have hurt that much. There are simple things you can do to…
Third quarter earnings season is in full swing, with a whole host of companies on both sides of the Atlantic preparing to announce how they’ve fared over the past three months. These are the companies that you should be watching next week and why. Things get off to a fast start on Monday. Fresh from…