Old Mutual shares are sharply higher this morning on weekend speculation that it could be broken up. The company has already responded with a teasing clarification that ‘all options’ are being considered within a previously announced strategic review, on which an update will be provided on Friday (11 Mar) in conjunction with full year 2015…
Macro observations USD strengthening off back of good US macro-data ECB to update markets on its policy stance this week (Thurs) – markets expectant of more negative rates / reassuring rhetoric (‘whatever it takes…’) rather than an all-out expansion of QE Note continued divergence between Eurozone and US central banks (US standing pat, E/Zone easing) Key…
Now we’re out the other side of the traditional half hour’s toing and froing that markets always do when non-farm payrolls comes out, let’s talk about what it all means. I for one am a little tired of all the whooping and hollering concerning this flagship data print and, to us, it means very little….
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” – Warren Buffett. Probably my favourite financial maxim. It often seems counterintuitive but actually constitutes good advice. When the UK 100 Index recently fell to 5,500 my phone wasn’t exactly ringing off of the hook, yet it has done this week with the…
Good news for those interested in the UK banks, and Lloyds (LLOY) in particular. The high-street bank recently confirmed an enticing 0.5p special dividend for shareholders, taking their yield to a solid 4% amid its continued post-crisis turnaround. Yet even more exciting is the recent market rally seeing the shares recover to the government’s 73.6p…
CNBC – 3 Mar http://www.cnbc.com/2016/03/03/european-markets-oil-jobs-report.html Reuters – 3 Mar http://uk.reuters.com/article/uk-britain-stocks-idUKKCN0W5125 Int. Bus. Times – 3 Mar http://www.ibtimes.co.uk/us-market-open-dow-nasdaq-dip-lower-investors-await-non-farm-payrolls-report-1547338 AFP / Romandie – 2 Mar http://www.romandie.com/news/La-Bourse-de-Londres-gagne-053-en-debut-de-seance-soutenue-par-les-valeurs/681594.rom Digital Look – 1 Mar http://www.digitallook.com/news/m-a/lse-surges-as-ice-confirms-considering-offer–1056589.html CityWire – 1 Mar http://citywire.co.uk/money/london-stock-exchange-boosts-UK Index -on-new-bid-hopes/a885874 Proactive Investors – 1 Mar http://www.proactiveinvestors.co.uk/companies/news/123124/barclays-shares-slump-as-it-cuts-divi-and-warns-on-outlook This is Money – 1 Mar http://www.thisismoney.co.uk/money/markets/article-3470959/New-York-Stock-Exchange-owner-considers-gate-crashing-LSE-merger-plans.html Telegraph – 1 Mar http://www.telegraph.co.uk/business/2016/03/01/UK…