16 Feb Reuters (Link) Among individual risers, shares in Segro bounced 6.6 percent after the property group beat consensus expectations in its results for 2017.“A solid report card, with attractive fundamentals and an outlook which are sure to maintain interest in what is perhaps the more conservative end of a steady-eddy sector,” Mike van Dulken,…
As it stands, a bullish 90% of UK 100 constituents look set to finish the week higher. This compares to just 4% last week, and 12% the week prior, as investors fretted about volatility and the outlook for interest rates. Does this mean the recent 10% correction is complete, and the recovery is on? Quite…
While many will have their eyes on the UK Banks’ full year results next week, there are three names reporting next week – from a sector maybe even more important to the UK 100 recovery than Banks – that some traders may have overlooked. Two of the three companies are in the top three UK 100…
Industrial property giant Segro tops the UK Index this morning after posting full year profits (adj. pre-tax) +26%, an £8bn portfolio +14%, Net Asset Value +16% and an attractive outlook. All underpinned by favourable supply/demand dynamics amid changes to social and business trends, including urbanisation, digitisation, e-tailing and convenience, that favour both warehouses and flexible…
Shares in Standard Life Aberdeen are sharply lower this morning after Lloyds Banking Group announced it would terminate a contract with the asset manager held with its Scottish Widows business. The two sides had previously reached agreement that the contract, worth £109bn, would not be terminated for a six month period after the merger of…
Shares in both BT and Sky are higher this morning, the latter strongly outperforming the former after the latest Premier League rights auction results were announced. Sky is the clear winner, seeing its average cost per game falling 16% from £11.1m to £9.3m and picking up a further two games per season from 2019-22 to…