Thursday, 2 August Reuters “Trouble with Trent 1000 series engines that power Boeing’s Dreamliners continued to be a yoke around the engine maker’s neck, but with the cash costs of the resulting engine maintenance issues in-line with previous guidance, traders are happy to look to the future rather than dwell on the past,” said Artjom…

Shares in Rolls-Royce are flying high this morning after H1 results beat expectations (like-for-like organic revenue +14% to £7.04bn, above £6.55bn consensus). Trouble with Trent 1000 series engines that power Boeing’s Dreamliners continued to be a yoke around the engine maker’s neck, but with the cash costs of the resulting engine maintenance issues in-line with…

Shares in retailer Next are wearing the biggest loss on the UK Index as investors turn their nose up at its latest trading statement. Q2 Sales growth of 2.8% YoY was slower than Q1. This was expected after Q1 strength (+6%) was flattered by an easy comparison period. And the quarter was ahead of the…

Shares in online food delivery platform Just Eat are -2.4% in mid-morning trading in spite of a seemingly positive H1 update. Group revenues are +45%, beating expectations, while orders grew 30% (below +32% in Q1 2018, but stronger than +26% in 2017). What’s not to like? The key, as usual, lies with the outlook. Just…

It’s mixed signals from the Housing sector today with Foxtons swinging to an H1 loss due to weak London sales (group revenues -9.5%) and scrapping its dividend. The latter is normally the last thing companies wants to do, removing an element of support for the shares. Then again the shares weren’t even yielding 1% recently,…

Calling the bottom (and top!) can be exhilarating; buying at the low, watching the profits rise, closing at the high. We saw several instances of this strategy paying off this week, with sharp negative reactions followed by swift recovery rallies. Cobham opened -20% yesterday to finish -10%; BP opened -2% this morning but it’s now…