Ocado Delivers After Signing First US Deal

Thursday, 17 May: If we’d published today’s blog this morning it would have read very differently to what it does now. UK gambling stocks were hit with the news this morning that the £2 maximum stake on fixed-odds betting terminals had been agreed under new rules by the UK government. As the London index opened…

East Coast Mainline Back On Government Tracks

Wednesday, 16 May: US Treasury yields continued to climb after European close last night, reaching the highest level since 2011 at 3.082%, further sending physical Gold lower and US stocks tumbling. The sentiment on Wall Street has slightly turned in Wednesday trade with the Dow Jones and S&P 500 currently treading in the green at…

US Retail Sales, Dollar & Treasury Yields All Rise

Tuesday, 15 May: Overnight trading in Asia was hampered by investor profit taking in tech companies, reflective in the fall in Hong Kong’s Hang Seng (-1.13%).  After a shaky start the FTSE made gains over the course of the day (closing +0.16%) while major European indices followed the more muted tone. Tensions in the Middle…

Court Ruling Removes US Gambling Hurdle

Monday, 14 May: Following positive sentiment in the US on Friday, Asia markets overnight continued with in a similar fashion in the new week as the Hang Seng in Hong Kong rose 1.35% as easing trade tensions between the US and China eased investor woes. Maybe still recovering from Eurovision parties over the weekend, European…

ZPG Raise The Roof On The FTSE 250

Friday, 11th May: ZPG plc were the main attraction for the vast majority of the day on Friday, particularly on the FTSE 250. Shares shot up more than 30% after the £2.2 billion takeover by US venture capital group Silver Lake was announced. ZPG includes the likes of popular British property websites Zoopla and PrimeLocation,…

Warm Weather Gives Next A Helping Hand

Thursday, 10th May: After a rocky start to 2017, starting the year down by almost 15% at £40, high-street retailer Next managed to pull off a U-turn this year so far, helped by today’s Q1 update which pushed the share price u more than 7% to c.£56, and allowed them to secure the top spot…

The Aftermath Of America’s Withdrawal From The Nuclear Deal

Wednesday, 9th May: To re-cap, so far, the president has almost started a trade war with China, an actual war with North Korea, and has now walked away from a deal which will consequently cause further conflict in the Middle East and he has decided to reimpose economic sanctions on Iran too. After a painful…

World Awaits Trump’s Nuclear Decision

Tuesday, 8th May: After a long weekend off, the FTSE 100 climbed almost 0.4% higher by 08:30 GMT, supported by gains in Shire after the £45.3 billion deal with Takeda was announced. Shire shares were up almost 6.0% during the morning as the pharmaceutical giant firmly secured their spot at the top of the blue-chip…

Gee Wizz

  Thursday, May 3: Although the US Federal Reserve’s, street name: ‘Fed’, decision last night was to keep rates the same it was laced with rhetoric that hikes could come as soon as next month with higher inflation ahead. This sent Wall Street lower, sent Asian markets broadly in the same direction and led to…

Miners Fuel FTSE

Wednesday, May 2: The FSTE 100 today opened higher despite Asian bourses broadly cooling on Wednesday after a mixed session on Wall Street yesterday. The index was lifted by miners after oil traded higher overnight, and investors awaited a busy day from various earnings releases including Sainsbury’s and Standard Charted, UK construction PMI figures for…

Just Eat Delivers

Tuesday, May 1: London shares climbed higher today after a slowdown in British manufacturing sent the pound lower, in turn helping to push dollar earners higher. Further optimism was provided across European bourses after Trump announced he will delay his decision, by a month, on whether to impose steel and aluminium tariffs on the EU,…

Supermarket Sweep

Monday, April 30: All the talk this morning was centred around the confirmation that Sainsbury’s and Asda plan to merge. Two of the biggest supermarkets in the UK, subject to approval, will form an industry giant. Asda is currently owned by US Walmart, and this deal is exclusive to the British arm of the business….