19 Jan City AM (Link) Mike van Dulken and Henry Croft, analysts at Accendo Markets, said the concerns of weak demand and rising supply were putting a dent in recent bullishness. “As a result, global benchmark Brent fell to a 10-day low of $68.50 overnight before finding support, while US crude briefly dipped below $63 before…
Big M&A is back! The last week has given us two multi-billion pound deals, one friendly and one which began as an informal approach but has since turned hostile. Both resulted in huge share price moves. The targets’ shares jumped on the offer of healthy premiums. The reaction in the acquirers’, however, suggests indecision about…
As every trader knows, after the holiday season comes earnings season. And while every trader will have their favourite sector to trade, there’s always one that falls under the spotlight ahead the others. This year has been no exception, with the Retail sector stealing the headlines, some companies for good reasons, and a lot more…
It’s another bad day for the UK high street with more profits warnings, this time from Bonmarche, Carpetright and Dignity. Trading updates from the trio only add to a stream of negative new year messages from management about poor footfall, cost conscious consumers and growing preference for online versus in-store. Share price drops of 28%…
Shares in Associated British Foods are offside this morning after the release of its key Christmas trading update, despite flagship Primark stores bucking a wider retail slowdown on the UK high street. Sales at the budget clothing chain improved 9% YoY, a record for the Christmas period, however accounting for constant FX the numbers were…
During the bitter January months, traders on both sides of the pond have become acclimatised to the frantic beginning of earnings season. And in the midst of the deluge of results, one sector that is watched closer than any other are the Banks. Its our stateside cousins that take the lead, with major names having…