Burberry (BRBY) shares are looking anything but luxurious this morning, holding the UK Index wooden spoon as shareholders vent frustration at disappointing underlying Q2/H1 growth. A weak wholesale segment (revenues -14%) seen persisting into the second-half is something investors simply can’t ignore (25% sales) especially with the risk that issues in the US (uneven demand)…
It’s now being referred to as Marmitegate by BBC news, but the short-lived dispute between Tesco and Unilever is no laughing matter. Furthermore, this may only serve as a precursor for similar future disputes. But far from having the assumed negative impact on the average consumer, this may in fact mark a turning point for the…
This week marked the beginning of the third quarter earnings season and, despite the shaky start provided by US aluminium miner Alcoa, is set to be one of the most exciting in recent years. With share prices of companies potentially moving 5-20% on the day that results are reported, here’s why you should be keeping…
On the surface, the Samsung Galaxy Note 7 was supposed to be the finest piece of technology produced by the South Korean technology giant. Widely anticipated by stalwart Samsung fans and newcomers to the brand alike, the phone was meant to finally be the device that toppled Apple’s position as the world’s most valuable company. The company…
It’s been a while since easyJet (EZJ) was top of the UK Index leader board. At least a week. Today’s gains come thanks to a welcome hat-trick of; 1) GBP regaining some poise versus EUR; 2) another successful €500m 7yr bond sale, and; 3) bargain hunters jumping on-board the current 8% bounce from an 850p…
Miners Randgold Resources (RRS) and Fresnillo (FRES) are outperforming on the UK Index this morning thanks to a rebound by Gold from $1250 support. This comes thanks to Friday’s goldilocks US jobs report (not too hot it means imminent US rate rise; not too cold that we need to worry about US growth) taking USD…