Bank of England Governor Mark Carney has once again shown how sensible he is, using a press conference to accompany bad news to calm investor nerves before the stock markets opened. Last time he did this was June 24th, the morning of Brexit, praised for being the only political-like figure (remember he’s not a politician,…
Shares in TalkTalk are near the top of the this morning on news that UK Telecom regulator OFCOM is formally requiring incumbent BT to separate its Openreach network infrastructure division into a legally separate entity. It’s long-standing aim has been to give the division more autonomy in terms of strategy, operations and budget, but with…
Donald Trump’s election in the US prompted a massive sell off in UK Defensive equity companies as riskier asset classes such as Mining and Financials were slingshotted up to the top of the UK Index leaderboard. Losses of up to 5% were suffered by some of the UK’s largest companies whilst their peers in other…
Macro observations As has been the case since Britain’s vote to leave the EU in June, the strongest currency in the pack continues to impact the others. However, after its record breaking run, the USD has come off its highs as the driver for the greenback, the probability of a December rate hike, is now cemented…
The UK Index ’s banks are weighing heavily on the UK flagship index into the new week (16pts out of a 60pt decline) on fears that a No vote in next Sunday’s Italian constitutional referendum could mean the toppling of PM Renzi and death toll for some of the country’s battered banks. Fears are that…
This week saw new UK Chancellor Phillip Hammond deliver his first budget, or Autumn statement anyway. This may not have been the most exciting on record – they rarely are – but it did contain some reassuring nuggets of good humour and nonetheless impacted the share prices of an area of the stock market that…