7 October 2015 UK Index listed Airlines (IAG, EZJ, RYA, WIZZ) continue to lose altitude today (down 2-3%) as investors react to oil’s extended bounce to the longest in nearly six months. Note US Crude back around $49.6/barrel late Aug highs and Brent around the $53 mark last seen 3 September. The move out of…
29 September, 2015 Wolseley (WOS) has taken the UK Index wooden spoon from Glencore this morning, with investors sending the shares back to May lows in response to FY results a touch below City expectations even if they confirm long-term turnaround under CEO Meakins.Nonetheless, investors are demonstrating cold-bloodedness, concerned at ‘markets remaining challenging’ outside the…
28 September 2015 Vodafone (VOD) may be the #3 UK 100 loser this morning, however, bulls may calling their brokers soon with the shares back down around that key 210p level which has proved both supportive and resistant since April 2014. News that US cable operator Liberty Global (LBTYA) has terminated talks over a proposed…
Wolseley’s shares are taking an insane 11% dive on 2 tiny lines in its results Business Insider – 29 Sept http://uk.businessinsider.com/wolseley-shares-fall-11-on-full-year-results-2015-9 UK Index dips as Wolseley sinks and biotech tumbles CityWire – 29 Sept http://citywire.co.uk/new-model-adviser/news/UK Index -dips-as-wolseley-sinks-and-biotech-sell-off-weighs/a845061?ref=new-model-adviser-latest-news-list Brokers clash over merits of owning Glencore Proactive Investors – 29 Sept http://www.proactiveinvestors.co.uk/companies/news/111248/brokers-clash-over-merits-of-owning-glencore-111248.html Wolseley springs £1.3bn leak Interactive…
25 September 2015 Shares in Glencore (GLEN) safely back above 100p this morning after multiple tests this week on continued backlash to the a 2.5bn share placement which, whilst doing the job of reducing the $30bn debt pile, didn’t go down well with shareholders (no first refusal? No rights issue?). The gap higher comes after…
25 September 2015 Excitement is once again in the air as a fresh pair of UK companies – payments processing giant Worldpay and leading car insurer Hastings Direct – confirm their ‘intentions to float’ in London next month. This doesn’t imply either face a risk of drowning. On the contrary. Things are going so well…