Far from having a nice, relaxing January to ease into 2017, accountants and auditors up and down the country have been working their fingers to the bone. Earnings season is once again upon us and this year has seen some incredible movements from some of the largest blue chip companies in the UK. As the amount of…
My share price move of the week goes to Tesco (TSCO) for the grocer’s 11% rally today on the back of a £3.7bn bid for food wholesaler Booker (BOK). For prey Booker’s shares to jump 19% is understandable; shareholders are traditionally paid a premium to encourage them to give up the chance of future income…
Grocer Tesco’s (TSCO) £3.7bn acquisition of food wholesaler Booker (BOK) sees the latter’s shares +15% this morning This is understandable as prey shareholders are traditionally paid a premium to cede control. However, it is the former’s share price reaction that is garnering most attention; +10.5%. Predator shares typically fall as the company shells out cash…
Antofagasta (ANTO) is top dog among the blue chips this morning, its shares extending this week’s breakout to trade levels last seen in March 2014. This takes it a step closer to the major hurdle of 6yr falling highs around 950p. Today’s gains come in the wake of a Q4 production report showing Copper output…
This morning sees BT Group (BT/A) shares -16% to trade levels last seen in mid-2013. Just as brokers and investors were prepping for FY results on Friday, the company delivers a profits warning linked to an existing accounting scandal at its Italian business. Continued investigation since October (internal + external) has shown the extent of…
On the first trading session since the swearing in of Donald Trump as the President of the United States, the UK’s blue chip index is struggling to gain traction. The immediate negative reaction from foreign exchange markets to Trump’s inauguration speech saw the US Dollar dented as the new leader of the free world struck a…