Just as many thought Donald Trump had softened his protectionist views, the US President surprised many this week by announcing import tariffs on both Steel and Aluminium. The move is meant to counter Chinese steel ‘dumping’, but the ramifications may also be felt by UK Miners. In particular, miners of Iron Ore – such as…
Conversely to a fortnight ago, when we were bouncing from Feb lows, a bearish 85% of UK 100 stocks look set to close the week in the red. After a flat week last week (50/50 stocks up/down) investors are fretting anew about not just volatility and interest rates, but tariffs, trade wars and political risk….
Mondi is among the top blue-chip risers this morning after putting its money where its mouth is with a special dividend to highlight confidence in the outlook and try and make October’s profits warning water under the bridge. A more profitable second half (profits up more than revenues; margin expansion) than the FY likely helps…
While headlines this week have been dominated by a deluge of speeches on Brexit, the UK’s departure from the European Union is only the second biggest concern of Europe this week. This weekend, Italy will go to the polls to elect a new Prime Minister almost 18 months after PM Matteo Renzi resigned to initiate…
Merlin Entertainments is the standout performer today, as the tourist attractions operator announces both FY revenues and profits rose despite what it billed as a difficult year. Although poor Summer weather and a spate of terror attacks kept tourists away from its key central London ‘Midway’ attractions – including Madame Tussauds and the London Eye…
Sky shares rallied over 20% yesterday, climbing after a $22.1bn bid from US media giant Comcast for the business. The all-cash offer of £12.50 a share saw the price rally to a high of $13.55, before closing at £13.28, 6.2% higher than the offer. But why did shares top the offer price, and why are…