This week has been a momentous one here in the office at Accendo. Tuesday saw the UK 100 break above the 7000 point barrier for the first time since 2015 and close the session at all-time highs. You may be saying to yourself something along the lines of: “Oh no! I missed the chance to get…
Many have waited patiently for over a year to buy shares in Lloyds at a 5% discount from the UK government. And I’m here to tell you that the waiting is finally over. Because it ain’t gonna happen. Sorry, but new UK chancellor Phillip Hammond has just announced that he has abandoned the UK treasury’s…
Last night’s Sterling slump was the second most extreme on record versus the Dollar and the worst since the panic of June 24 when markets reacted to the UK’s referendum result on EU membership. Investigations are underway but a single reason may never be identified for last night’s flash crash on the pound. It is…
Today is a strange sort of day that hasn’t been seen often since September 21st; a day with zero speakers from the US Federal Reserve. Of late, Fed members have been lined up in their droves to give personal opinions to anyone and everyone, sometimes making several appearances a week. Whilst varying from the most optimistic…
easyJet (EZJ) shares have breached a 3-month support zone around 1000p to trade levels last seen in late Jan 2013. Investors are taking flight following a FY 2016 profits warning pinned on a weak GBP hindering UK holidaymakers, terror events denting bookings, flight disruption due to strikes across Europe and a still uncertain economic outlook….
If Tesco shares could be purchased in-store they’d be flying off the shelves this morning. Strong half-year results suggest ‘Drastic’ Dave’s turnaround at the grocer is working; music to the ears of the investment faithful. Revenues in-line coupled with consensus beating opening profit (pre-exceptionals, of course), a smaller net loss and lower debt is always…