UK Index is down 10pts in early morning trading after plumbing 4-month lows overnight as full-on risk off mood is dominating investor sentiment leading into the weekend. Global financial markets continue getting pummelled by the vagaries of Trump administration’s trade policies. White House has come out guns blazing on trade issues overnight, as Donald Trump…
Upstream Oil & Gas services company Hunting is leader of the this morning, its shares up a handsome 10.8% to trade their best since late June. This comes courtesy of a solid set of H1 financials, the company having benefited from strength in its key Titan/US businesses, especially from shale drilling and higher oil prices,…
Shares in Petrofac are trading higher this morning despite the oil engineering firm announcing a net loss of $17m in its latest half-year results. The reason for positive market reaction is simple: most of the loss can be attributed to exceptional impairment charges of $207m (90% non-cash) related to the sale of the JSD 6000…
Shares in non-food consumables distributor Bunzl are trading their best in 14 months after management published a positive set of H1 results and expressed confidence in the rest of the year. Income seekers have welcomed profits growth of 10% allowing for a similarly generous 9% hike in the interim dividend while the company continued to…
There is a lot of talk on the news about the oil prices, OPEC, Iran, US sanctions and Russia. Brent and WTI have broken through 4-year highs in May and there is still plenty of buzz surrounding the oil market. But that’s the big picture. I’m interested in what moves individual oil shares on a…
Stock picking can be both a science and an art and it’s not as easy as it seems. Anyone can pick a name out of a hat, but to be a true UK Index magician and find gold nuggets on the stock market takes skill, experience and hard work. Here’s where the competitive edge lies….