UK Index is well off May’s 7903 record highs, as fears of US-EU-China multilateral trade war and the spill-over from Turkish Lira’s troubles are souring market sentiment. But that isn’t preventing many stocks on UK 100 from reaching record highs. Here are a few names I’ve been focused on this week. The overall market sentiment…
“Contagion” seems to be the word of the week for many UK Index investors, as fears over Turkey and its impact on financial markets are driving the benchmark index lower. But what is contagion and why is it relevant to retail investors? Let’s investigate. At its basic level, financial contagion is like read-across, but on…
Shares in Kazakhstan-based copper miner KAZ Minerals are +7% this morning after the company reported broadly positive half-year results, with gross revenue +31% YoY and pre-tax profit +48% on the back of growing H1 copper production volumes (+18% to 140k tons), higher realised prices of copper concentrate (+17% YoY) and copper cathode (+19% YoY), as…
Shares in auto and home insurance provider Esure are +3.78% this morning after company’s Board recommended that shareholders approve the proposed £1.2bn all-cash takeover offer private equity firm Bain Capital. This comes on the back of a gargantuan 30% share price jump yesterday, when the bid was first announced. The acquisition comes on the same…
Department store House of Fraser has been rescued from the clutches of administration for just £90m cash after talks with creditors failed. Billionaire buyer Mike Ashley, owner of Sports Direct, continues to go against the grain of an ailing high street, buying more space and taking stakes in struggling outfits. He either has incredible foresight…
Someone is active on social media and, for once, it’s not Donald Trump. Tesla CEO Elon Musk caused quite a stir this week with Twitter comments about taking the electric car-maker private. Are outspoken leaders a good thing for stocks? Here’s my take on the issue. There are plenty of corporate leaders and politicians with…