Taylor Warns Of Margin Pressures

Thursday, 25 April: The US dipped once again yesterday, and with a lack of momentum, Asia indices followed the same path. Littered with a number of ex-dividend stocks, London indices didn’t fair much better, while much of Europe sealed sea of red across screens this Thursday. Major causalities in London were housebuilders and Sainsbury’s. Legal…

Pretty Big Things For Boohoo

Wednesday, 24 April: A mixed Asia session overnight led to a muted open in London on limited news flow. Both the S&P 500 and Nasdaq reached all-time highs yesterday, although the momentum from earnings season in the US couldn’t be carried over to global equity markets. The main London index fell in to the red…

Trump Sanctions Iran (Again)

Tuesday, 23 April: Returning after the long Easter weekend, investors were greeted with a 6 month high oil price as President Trump vowed to fully enforce Iran’s oil export embargo from May 1st. Back in November, these sanctions had been originally announced, albeit granting 8 countries a waiver. These are set to lapse at the…

Unilever Clean Up In Q1

Thursday, 18th April: Unilever topped the FTSE 100 today despite reporting a 1.6% decline in reported revenue, largely due to the sale of its spread business which took place in late 2017. The market seemed to dismiss this and instead focus on the underlying sales growth of 3.1% which was led by the home care…

Inflation Refuses To Budge In March

Wednesday, 17th April: A small sell-off in the mining sector on hump day meant the likes of Rio Tinto and BHP were stuck at the bottom end of the blue-chip index all day, both down more than 2.5% for the majority of the day. At the very bottom was distribution and outsourcing company Bunzl, following…

Athleisure Is Here For JD

Tuesday, 16th April: Today was a tough one for Galliford Try, as the construction company released an operational update which was accompanied by a profit warning and sent the shares diving to the bottom of the FTSE 250 on Tuesday. Pre-tax profit, including exceptional items, for the year ending 30th June 2019 will be between…