easyJet (EZJ) shares have breached a 3-month support zone around 1000p to trade levels last seen in late Jan 2013. Investors are taking flight following a FY 2016 profits warning pinned on a weak GBP hindering UK holidaymakers, terror events denting bookings, flight disruption due to strikes across Europe and a still uncertain economic outlook….
If Tesco shares could be purchased in-store they’d be flying off the shelves this morning. Strong half-year results suggest ‘Drastic’ Dave’s turnaround at the grocer is working; music to the ears of the investment faithful. Revenues in-line coupled with consensus beating opening profit (pre-exceptionals, of course), a smaller net loss and lower debt is always…
Shares in Randgold Resources (RRS) are bottom of the UK Index pile this morning as the UK’s flagship UK 100 equity index breaks above 7000 for the first time since June 2015 to trade just 80pts below last April’s 7135 all-time highs. A weak GBP is helping propel ever higher the army of international-exposed UK…
Income is an essential part of our financial lives. It allows us pay the bills and lead a certain lifestyle. Even if our bank accounts suggest otherwise, paying measly interest on what cash we keep to hand. Low bond yields have made annuities unattractive, encouraging many to take their finances into their own hands, becoming…
30 Sept Business Insider Mike van Dulken, head of research at Accendo Markets, dubbed the lender “Douche Bank” in a note on Friday morning titled “Douche Bank taking a bath.” (That’s a reference to the French word for shower, but it has an obvious pejorative meaning in English, too.) Van Dulken says that Deutsche Bank’s…
Shares in travel giant TUI (TUI) are doing anything but take a holiday from their post-Brexit uptrend. The blue-chip has broken above 1100p to its best level since February, increasing the chances of a return to 2016 highs; 15% upside. Outperformance comes as investors welcome upgraded guidance. Management now expects underlying FY earnings growth (EBITA) of…