Shares in aerospace, defence and energy engineer Meggitt (MGGT) are 10% for the better this morning as investors react to a positive outlook for 2017 and hopes that the company will be a beneficiary of increased US military spend. While group profits fell 6% in 2016 due to tough energy markets, and the division is…
Macro observations In the aftermath of a bungled Oscars ceremony, foreign exchange markets will be hoping that political and economic speakers this week creating avoid Hollywood-esque confusion with key speeches this week set to influence FX space. President Donald Trump will likely take the headlines as he gives his first address to Congress on Tuesday evening,…
This week taught investors several things about their beloved UK Banks. Some continue to recover from the financial crisis while others are still struggling. This leaves investors with a choice to make about what kind of growth story to be invested in or to trade around. One which offers share price returns, chunky dividends or…
As we like to mention from time to time, the Housebuilding sector really is one of the most loved by retail investors. Whether it’s the fact that their names are sprawled across buildings wherever you go, or perhaps even that you are able to quite literally see your investment grow right before your eyes, there is…
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…
Shares in Barclays (BARC) are contributing most to the UK Index this morning (+5pts), helping keep the index above water on well received FY 2016 results. The bank confirms it was back in the black for 2016, helped by a welcome 69% drop in legal charges, a surge in investment banking revenues and profits, and…