Royal Mail (RMG) is today’s UK 100 underperformer as traders send the shares 6% lower to breach 430p rising support that dates back to October 2014 all-time lows. Headline Q3/9M financials may well be in-line with consensus expectations, the Christmas period strong and FY guidance reiterated, but the results do little to appease concerns about…
The last meeting of the European Central Bank’s Governing Council on 8 December to decide monetary policy for the Eurozone resulted in an extension of the bank’s Quantitative Easing (QE) bond buying programme. That much was expected. What surprised the markets, however, was the rate and size of bond purchasing that Mario Draghi and the…
The first two weeks of 2017 saw a phenomenal rally for the UK’s blue-chip index. Over the course of 14 sessions, the UK 100 built on a succession of record closes that began on 22 December to maintain the longest consecutive winning streak in its history – both for positive trading sessions (14) and record closes…
Shares in Mitie Group (MTO) aren’t looking so mighty this morning, chalking up losses of up to 17% to make them the worst performer on the , eclipsed only by blue-chip Pearson (PSON) down a whopping 26%. Both companies are wearing yet another ugly profits warning (both on their third since September) that merely adds…
In the first high profile event of the week (apparently there’s something happening in Washington on Friday?), UK Prime Minister Theresa May finally revealed her Brexit strategy in a keynote speech to EU ambassadors and journalists in London in an attempt to clarify the UK Government’s plans for its EU exit. As was reported overnight…
On Tuesday, UK Prime Minister Theresa May will address an audience of EU ambassadors at Lancaster House in London in what her office has described as an important Brexit speech. What exactly she will be discussing is as yet unknown. Most commentators, however, believe that this will be the first complete confirmation of the PM’s possible…