Shares in Royal Bank of Scotland (RBS) are proving the biggest drag on the UK’s UK 100 index this morning. This is after overnight news of a $14bn US legal challenge against German giant and sector peer Deutsche Bank for the mis-selling of retail mortgages backed securities (RMBS) that contributed to the financial crisis. This is never…
Shares in publisher and exhibitions company Informa (INF) are doing the same as tech-darling Micro Focus’ (MCRO) did last week. Not quite gains of 15% but nonetheless bucking tradition to post mild gains despite a chunky £1.2bn acquisition equating to 26% of its own market cap. One would normally expect an acquirer’s share price to…
Copper proxy Glencore (GLEN) is top of the UK 100 pile this morning thanks to the bottoming out and rebound from $4600/tonne over of the last month, seeing the price of the red metal challenge September’s highs just shy of $4,700 and a bugbear 2-month trend of falling highs. The latest leg up maintains the…
Henry Croft, Research Analyst at Accendo Markets, commented this morning (12/9/16): Associated British Foods (ABF) shares are the worst performer on the UK Index this morning (-5%), despite what on the surface looks like a positive trading update. Investors will like the sound of 2016 operating profit and EPS expected up on last year as…
If June 23rd was a surprise for you, it is more than likely that the shocks to stock markets that followed on the 24th could have been even more so. However, fast forward two months and markets have not only posted a better-than-expected recovery from the lows of late June, but many UK Index companies…
Last week I wrote about how bad economic data could sometimes actually be good for financial markets, sending share prices higher, even if it does depend on how optimistic investors are feeling at any given moment. Last week’s mixed US data meant investors welcomed the prospect of delay to any forthcoming US rate rise. Increased…