The biggest blue-chip faller over the past several weeks has been UK Index tobacco manufacturer British American Tobacco (BAT). Its shares have now hit 7-year lows, having fallen close to 25% in the past 3 weeks and -46% year-to-date. The latest news hurting British American Tobacco originates from the United States where government regulator the Food &…
On the eve of today’s first half results, Vodafone shares were down a whopping 39.7% from January’s 2.5yr highs, trading 9-year lows. The driver was a combination of concerns about slowing organic growth/competition, overspending to reignite growth (e.g. 5G, International) and the risk of the dividend being slashed/re-based to preserve cash and help deleverage a…
When Aston Martin first sold shares to investors in early October, hopes were high for the first British carmaker to IPO in over 30 years. Sceptical investors, however, had other plans for the shares, which floated at the bottom of its proposed share price range and went on a downward slide through most of October. Is…
Having recovered some of last week’s sharp losses, the UK Index is back trading within a 5-month falling channel. Can it extend its rebound to revist the channel ceiling around 7350? Although still 100 points away from November highs, the index is firmly out of sell-off territory, as the Bulls provided enough optimism to regain…
If anyone says that the UK’s UK Index doesn’t currently offer good buying prospects, or not enough volatility to make it worth their while, I’m not sure what UK Index they’re looking at. The UK 100 is 10% from 2018 highs, and a 3.5% bounce from a recent flirt with 2018 lows means potential for…
We recently re-engineered our research offering, and the response from clients to our new short-term trading opportunities has been extremely positive. Whether it’s bargain hunters interested in shares which have fallen back to support, range hunters looking to trade the next up or down move or momentum lovers looking to ride a trend or a breakout,…