Just four days into the new year, the UK’s blue chip index has already been launched to its highest ever level, notching a couple of closing highs and venturing above 7700 for the very first time in the process. And whilst four days of trading might not provide a complete guide to the year ahead,…
Ultra Electronics is our UK Index loser this morning (-7.2%) down sharply in an otherwise quiet yet buoyant market. Whilst there may be an element of negative read across from current chipmaker woes, after revelation of a security oversight that makes a wide range of computers and smartphones vulnerable to hacking, we note limited weakness…
The Next share price roller-coaster continues. Hold on tight! The shares have gapped sharply higher this morning as investors embrace a better-than-expected Christmas trading update which allowed management to upgrade guidance. This is understandably helping shares of fellow UK retailers from whom we await similar festive trading updates in the days and weeks to come….
Macro observations US dollar bulls may have hoped that with a New Year comes a new direction for the global reserve currency. The greenback has, however, been less willing to reverse its 2017 trend, beginning 2018 in the same vein it left the last. Could this be a temporary blip on the radar before a…
BP shares are almost unmoved for their first session of 2018, even after today’s clarification that a reduction in US federal tax (21% vs 35%), as part of President Trump’s long awaited reform efforts, would mean it talking a short-term $1.5bn hit. Furthermore, the complexities of both the oil major itself and the biggest US…
“As we drift into 2018, the UK 100 is trading around all-time highs for the first time since June, in the aftermath of the snap UK general election. It has taken some significant reform across the Atlantic and a booster from commodity markets to take the UK’s blue-chip index back to its highest ever level,…