UK Index heavyweight HSBC (7% weighting) is depriving the blue-chip index of a valuable 21.5pts this morning, its shares down 4.4% and footing the index after FY 2017 results failed to meet market expectations. 2017 full year adjusted profits may well have surged more than six fold to $9.7bn, and revenues climbed 7% to $51.5bn…
Macro observations A duo of market holidays in Asia and the US has meant it’s been a quiet start to the week. By Friday, however, the peace will be shattered as a raft of macroeconomic data, events and speakers will all contribute to an exciting week. Heading up this list will be the minutes from…
Reckitt Benckiser shares are offside this morning after the company announced flat like-for-like sales growth in the fourth quarter, the impact of a major cyber-attack last year continuing to be felt by multiple divisions within its global reach. The household goods giant is going through somewhat of a transition period after its blockbuster $16.6bn takeover…
As it stands, a bullish 90% of UK 100 constituents look set to finish the week higher. This compares to just 4% last week, and 12% the week prior, as investors fretted about volatility and the outlook for interest rates. Does this mean the recent 10% correction is complete, and the recovery is on? Quite…
While many will have their eyes on the UK Banks’ full year results next week, there are three names reporting next week – from a sector maybe even more important to the UK 100 recovery than Banks – that some traders may have overlooked. Two of the three companies are in the top three UK 100…
Industrial property giant Segro tops the UK Index this morning after posting full year profits (adj. pre-tax) +26%, an £8bn portfolio +14%, Net Asset Value +16% and an attractive outlook. All underpinned by favourable supply/demand dynamics amid changes to social and business trends, including urbanisation, digitisation, e-tailing and convenience, that favour both warehouses and flexible…