Vodafone shares plunged over 4% despite the company announcing consensus-beating FY 2017 results (Adj. EBITDA +12% YoY organic, beating 10% guidance). With positive results across the board, one would expect markets to react by buying the shares, and yet investors are clearly taking a dimmer view about the company’s prospects with the CEO of 10…
The strongest factors influencing the direction and momentum of the FX rate are major macroeconomic indicators, chief among them changes in the key interest rates. Higher interest rates tend to make the currency more attractive, increasing demand and strengthening it. In the UK, interest rate policy is determined by the Bank of England’s (BoE) Monetary Policy Committee (MPC),…
Cryptocurrencies got a bit of a tongue-lashing this week, as Charlie Munger, Warren Buffett’s right hand man at Berkshire Hathaway, unloaded a stream of vitriol on Bitcoin, calling it “worthless” and an “artificial gold” (to pick some of the more printable quotes from the venerable investor). Even the Wizard of Omaha himself wasn’t exactly sparing…
I’m glad to say that last week’s “results lingo” explainer went down a treat, helping clients better interpret this week’s deluge of share price moving company updates. But the latter still gave rise to the usual confusion about how on earth a share price could possibly fall, even after the company posted higher sales and…
Retailer Next shares soar over 8% to almost revisit post-Brexit highs after Q1 sales were much stronger than expected allowing it to improve its FY pre-tax profit guidance (£717M from £705M), despite the overall grim outlook for the rest of the UK retail space. It also adds to the positive (“things not as bad”) message…
Shares in Greggs have traded as much as 19% lower this morning after admitting that March and April trading was hit by low footfall as well as by cold weather. One might logically conclude that the former was a result of the latter, however, management has seen fit to distinguish between the two. This suggests…