CYBG Wrap Up Virgin Money Deal

Monday, 18 June: A sea of red littered price screens as investors feared over potential trade wars between the US and China after US President Donald Trump approved tariffs of 25% on around $50bn of Chinese goods on Friday. Asian equities were mixed over night, although China, Hong Kong and Taiwan were absent due to…

Royal Wedding Perks Up Retail Results In May

Thursday, 14th June: Retail data came in today and was surprisingly upbeat. The run-up to the royal wedding and the streak of sunshine which blessed British weather has resulted in an increase of 0.9% in the three months to May, compared to an increase of 0.2% in the three months to April. What was more…

Dixons Daunting Data Breach

Wednesday, 13th June: Dixons Carphone are well and truly feeling the effects of hump day after starting the morning at the bottom end of the FTSE 250 having become a victim of cyber crime and realising an unauthorised presence accessed customers payment card data. Although there has been no evidence of any fraudulent activities taking…

Trump Makes Friends Whilst May Makes Frenemies

Tuesday, 12th June: Although some still seem sceptical, President Trump has reassured the world after his historic meeting with Kim Jong Un that the denuclearisation of the Korean peninsula will happen, and it will begin very soon. Whilst denuclearisation remained the centre topic, it seems there was no mention of the sanctions on North Korea,…

Poundworld Has Fought Its Last Battle

Monday, 11th June: Poundworld announced in the later part of the morning that they have went into administration after struggling to find a rescue buyer before the upcoming rent payment which is due on the 24th June. The closure of 355 stores is set to effect over 5,000 employees. As many of Poundworld’s peers on…

Fresnillow

Friday, July 8: It was a disappointing end to the week as growing political risk gripped investors, causing the FTSE to close 0.3% lower to mark the third straight week of losses on London’s main index. Anticipation of the G7 meeting later which should yield more clues on America’s trade intentions was one of the…

International Paper Scraps Smurfit Bid

Wednesday, 6 June: The FTSE began around a quarter percent higher today and remained relatively unchanged through to the close where it settled +0.33% higher at 7712.37. The index was lifted from mining shares which were helped from a brief recovery in the price of oil and base metals. Rio Tinto finished the day at…

Will Comcast be Out-Foxed?  

Tuesday, 5 June: After a positive open to the week for global bourses the FTSE retreated today, closing 0.7% lower as banking stocks weighed on the main index. There was no real direction from Asian markets overnight, the Nikkei ticked +0.28% higher and other European indices showed no real movements in early trade. RBS was…

DS Smith Package Another Deal

Monday, June 4: Last week investment markets, especially European, were largely driven by political events and related trade tensions. Worries over Italy slowly eased throughout the week after pushing major bourses to heavy losses on Monday and Tuesday at the same time the ongoing saga between the US and China rumbled on. The Trump administration…

Investors Ditch Dunelm

Friday, May 25: FTSE indices emerged from yesterday’s sell-off on the front foot, as US markets closed lower followed by a mixed Asian close, despite noises coming out of Pyongyang suggesting the establishment still want a meeting with the US. The recent bout of risk-off sentiment has seen gold climb $20 in the week, to…

Wizz Air Gains Altitude as Diageo Cleans its Lines

Thursday, May 24: UK indices were marginally mixed at the open, as oil crept higher overnight and sterling continued to drift lower versus the dollar. However, this was all set to change as further rhetoric from Trump provoked a flight to safety with global equity markets selling off and gold receiving bids intraday. Détente between…

M&S Earmarked for Makeover

Wednesday, May 23: The FTSE 100 started the day in the red, following a red trading session in Asia as Trump alluded to a potential backtracking on trade agreements. The FTSE 100 closed -1.13% as miners fell in relation to coal price intervention in China, despite a weaker than expected UK inflation read which sent…