Shares in Randgold Resources (RRS) are bottom of the UK Index pile this morning as the UK’s flagship UK 100 equity index breaks above 7000 for the first time since June 2015 to trade just 80pts below last April’s 7135 all-time highs. A weak GBP is helping propel ever higher the army of international-exposed UK…
Deutsche Bank. A topic that’s been greatly debated in our offices here at Accendo Markets over the course of this week. Investors have had their eyes fixated on the German financial behemoth since the news of the US Department of Justice seeking a substantial $14bn fine as settlement for litigation regarding the mis-selling of mortgage-back securities….
Income is an essential part of our financial lives. It allows us pay the bills and lead a certain lifestyle. Even if our bank accounts suggest otherwise, paying measly interest on what cash we keep to hand. Low bond yields have made annuities unattractive, encouraging many to take their finances into their own hands, becoming…
Shares in travel giant TUI (TUI) are doing anything but take a holiday from their post-Brexit uptrend. The blue-chip has broken above 1100p to its best level since February, increasing the chances of a return to 2016 highs; 15% upside. Outperformance comes as investors welcome upgraded guidance. Management now expects underlying FY earnings growth (EBITA) of…
Shares in Wolseley (WOS) are leaking most on the UK Index this morning, trading back around their August lows as investors fail to warm to the plumbing & heating supplier’s FY16 results. Headline financials below City expectations is never a good start to the annual update, even if your largest geography (the US) is performing…
Gold and Oil get significantly more press coverage than the rest of the commodity stable. Unfairly so in our opinion. The former is the safehaven of choice for most, scarcity ensuring its value holds up well during times of economic and market stress and investor uncertainty. It is also sensitive to interest rate policy with higher…