Shares in Asia-focused Standard Chartered (STAN) are leaking most on the UK 100 this morning after Q3 profits (pre-tax, pre-exceptionals) missed consensus. Management highlighting still elevated loan impairments and expectations for markets to remain challenging is a message investors don’t want to hear. Not when data from China shows signs of stabilisation, soothing market fears…
In the 3 months since the Brexit vote, the UK 100 went from dire straights in the immediate aftermath to a bounce worthy of an Olympic gymnast as the foreign earners’ club lifted the index to post fresh all-time highs. But as we reach the home straight of third quarter earnings season, some of those…
Macro observations October is set close as the second worst month of the year for the Pound, as the start of November provides multiple central bank monetary policy updates that could see FX markets swing from one extreme to another in the coming days. Placing runner up only to the referendum month of June, ‘hard’ Brexit fears…
For those holding shares in the UK banks, the ‘hold onto your hats’ period is over with most coming out of this week relatively unscathed. Barclays shares came out as the top performer, with movements from Lloyds and RBS comfortable for most. Phew! Today has seen International Consolidated Airlines’ shares soar off the back of…
Whilst third quarter company earnings may have been receiving the majority of headlines over the course of the last fortnight, a couple of other incredibly important third quarter figures have been released. Both the UK and the US have released their latest GDP growth figures and it’s official: in both countries GDP growth is better…
Lloyds (LLOY) shares have staged a remarkable recovery and are back in positive territory following the bank’s Q3 earnings release this morning that was headlined by a profit miss, a pension fund swinging into deficit and a £1bn PPI repayment bill. With profits down on expectations by 6% (-15% YoY) shares opened down by 3% this morning….