Having shone near the top of the on Tuesday with a 3% boost from OFCOM’s formal requirement that incumbent rival BT hive off the Openreach network infrastructure division that other operators have little choice but to piggy back, the tables have turned for TALK shareholders. Today they find themselves holding the index wooden spoon, their…
Or once again is the world’s largest cartel over-promising and under-producing the goods? So far a plethora of OPEC oil ministers have left their respective Viennese hotels with a chorus of optimistic statements that a deal will be reached at today’s meeting which begins imminently. However, the meeting holds the real prospect of no agreement being…
Bank of England Governor Mark Carney has once again shown how sensible he is, using a press conference to accompany bad news to calm investor nerves before the stock markets opened. Last time he did this was June 24th, the morning of Brexit, praised for being the only political-like figure (remember he’s not a politician,…
Shares in TalkTalk are near the top of the this morning on news that UK Telecom regulator OFCOM is formally requiring incumbent BT to separate its Openreach network infrastructure division into a legally separate entity. It’s long-standing aim has been to give the division more autonomy in terms of strategy, operations and budget, but with…
Donald Trump’s election in the US prompted a massive sell off in UK Defensive equity companies as riskier asset classes such as Mining and Financials were slingshotted up to the top of the UK Index leaderboard. Losses of up to 5% were suffered by some of the UK’s largest companies whilst their peers in other…
Macro observations As has been the case since Britain’s vote to leave the EU in June, the strongest currency in the pack continues to impact the others. However, after its record breaking run, the USD has come off its highs as the driver for the greenback, the probability of a December rate hike, is now cemented…