Shares in grocer Morrison top the UK 100 this morning after a Xmas trading statement that easily beat expectations (total like-for like sales ex-fuel +2.8% vs +1.8% est.), challenging even last year’s tough comparables, thanks to strong UK consumer spending during the festive period. Reassuringly, we saw stronger than forecast contributions from both the Retail…
Macro observations Monday’s headlines may be dominated by the UK Cabinet reshuffle, however realistically, the political manoeuvrings within the Conservative Party are unlikely to have a major bearing on the Pound. In fact, there is very little by way of UK news this week that will impact Sterling. Instead, events in Europe, the US and…
Micro Focus shares are almost 10% off-side this morning after its first set of results since completing the HPE Software acquisition. Whilst H1 financials themselves failed to live up to City expectations – both MF and HPE growth undershot – there is good news in the form of a 16% dividend hike and looming US…
5 Jan Digital Look (Link) Mike van Dulken, head of research at Accendo Markets, said: “The shares had been topping out since Wednesday, following a 25% 6-week rebound. The real driver for this morning’s down move may in fact be last night’s news of a delay to the UK defence review while solutions are sought for a…
It’s been a fantastic start to the new year for Accendo Markets’ equity trade ideas. Market sentiment remains as positive as it did into Christmas and the global equity rally has continued with gusto, supported by solid macro data and geopolitical uncertainty failing to concern, merely extending an already impressive Santa Rally on both sides of…
Just four days into the new year, the UK’s blue chip index has already been launched to its highest ever level, notching a couple of closing highs and venturing above 7700 for the very first time in the process. And whilst four days of trading might not provide a complete guide to the year ahead,…