The UK Index has been rallying hard, flirting with fresh record highs, on the combined benefit of high oil prices and a weaker GBP, lifting the spirits (and investment accounts) of many bullishly-minded investors Have we gone too fast, too far? Does anyone out there honestly think that the current market rally is unstoppable and that we…
This week, one of our recent trade ideas, on BT, came within a whisker of our profit limit. As nice as that was for clients, what was even better were the three valuable lessons on offer about profiting from short-term moves within longer-term trends, and continually reviewing all open trades. Lesson #1 – Long-term trends, Short-term trades…
Friday, 18 May London South East Investors were more sceptical and the shares fell 2.5 percent in early trading. “Astra shoots for stars, but misses,” Mike van Dulken at Accendo Markets wrote in a note to clients. http://www.lse.co.uk/FinanceNews.asp?code=l9jzk3ns Handelsblatt Der Quartalsumsatz blieb allerdings weit hinter den Erwartungen der Experten zurück, die sich nun auch weniger…
AstraZeneca may not be the UK Index ’s heaviest faller this morning (that prize goes to JMAT). However, by virtue of its heavyweight status (2.9% weighting) it is inflicting the most damage, taking almost 6pts off the index. This comes after Q1 results missed consensus expectations; revenues by a shade, profits by rather more, as…
Shares in Ocado, the online grocery delivery platform, soared +44% to fresh record highs on news of another licensing agreement, this time with Kroger, which would allow the US supermarket giant to use Ocado software to strengthen its own grocery-delivery network. Kroger will, of course, pay licensing fees to use Ocado platform. Interestingly, however, it…
Crest Nicholson has dealt a blow to UK Housebuilders this morning with a profits warnings attributable to flat pricing and higher building costs (up 3-4%). While its own shares have plunged more than 12%, re-testing March lows, the read-across is understandably weighing on sector peers which trade 0.8-1.7% lower; Redrow worst off, Taylor Wimpey resisting…