Shares in investment platform Hargreaves Lansdown are -4.1% after the UK Financial Conduct Authority (FCA) indicated it is considering banning exit fees from online trading platforms and requiring them to offer more cost effective switching between share classes. Both ideas are designed to lower barriers to changing providers. The FCA-conducted consumer survey found that some…
The UK 100 index of London listed Blue-chip shares looks set to close higher this week, up by 0.7% at 7670 to be precise. This may might not sound much, but in the context of remaining within 50pts of July highs, following a strong rebound, it suggests that risk appetite remains strong. Which means the…
Last week, my colleague Chris spoke about the new quarterly reporting season for US and UK banks. Since then, a few of my clients got in touch to ask how investors can protect themselves ahead of results. My response: don’t just protect yourself on the UK Index , benefit. Here are some of the options…
Friday, 13 July Reuters “We’ve got that split again where the UK Index is not necessarily rallying on massive confidence and risk appetite but … more to do with sterling weakness that anything else,” said Mike van Dulken, head of research at Accendo Markets. “But the resilience is still there.” https://uk.reuters.com/article/uk-britain-stocks/UK Index -gets-sterling-boost-as-earnings-shuffle-into-view-idUKKBN1K3148 Thursday, 12 July…
Hays is the UK Index ’s top riser this morning, its shares +5.3% to trade their best since late February when the shares fell 4.5% from near 2018 highs after disappointing H1 results. As it stands, the shares are building on recent positive momentum (they were already +7% from recent lows), pointing towards another test…
Sky shares are -1% this morning, despite 39% owner Twenty-First Century Fox (17% owned by Rupert Murdoch) upping its offer for the remining 61% stake by 30%. Why? Because the 1400p/share offer represents a 6.3% discount to where the shares closed yesterday (1500p), having doubled since Fox’s first offer in December 2016. This rise was…