Berendsen (BRSN) is today’s winner, +8.4% after agreeing to a revised £2.2bn offer from French workwear rental and laundry service competitor Elis (ELIS). As suggested 18 May, previous rebuffs merely served to extend the M&A tango and encourage a third bid. As expected, BRSN has successfully eked out a better offer for shareholders. The latest…
Macro observations After seven long weeks of campaigning the UK general election is now only days away and, depending on which poll you take into consideration, the race is either becoming too-close-to-call or is all but over. But it’s not just the election that will influence foreign exchange markets this week. In fact, there are…
This week has seen stock markets the world over trade fresh multi-year and even all-time record highs. Waves of positive data have helped investor sentiment reach fever pitch in New York, Tokyo, Frankfurt and London, with indices in the latter three markets hitting their highest levels ever on Friday. However, for traders in London, there’s one…
Whilst understandably there’s only one event that will receive the headlines next week, there’s another top tier event taking place on June 8 which traders should pay close attention to. Near to the European Union’s land border with Russia, European Central Bank policymakers will meet in Talinn, Estonia to provide markets with their latest monetary policy decision….
Macro observations As investors on both sides of the Atlantic return from an extended weekend, a multitude of foreign exchange drivers – politics, macroeconomics and monetary policy – present themselves during the shortened trading week. For Sterling traders, the UK general election campaign will continue to remain at the forefront of investor sentiment, with polls released over the bank…
With less than two weeks until the UK’s snap general election, the race for Downing Street is hotting up. Having had the strongest poll lead (~25pts) of any sitting government before an election, Theresa May’s party has seen its advantage eroded to just 5pts, with Labour’s impressive turnaround having a profound effect on both the UK…