Wed 22nd Oct 14, 13:19:29
Hargreaves Lansdown says the City may take a more charitable view of Glaxosmithkline shares after the drug group announced higher third-quarter earnings per share and a streamlining of its business.
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Risk appetite was buoyed on Wednesday by speculation the ECB might move to expand the scope of its asset purchase programme to include corporate bonds. A slightly smaller than forecast slowdown in Chinese economic activity also propped up sentiment. 47 minutes ago
Three-month copper futures on the LME gained 1.66% to $6,669 per metric tonne out on the LME following a smaller than expected slowdown in Chinese economic growth in the third quarter. 1 hour ago
US stock markets were set to open more or less flat on Wednesday after impressive gains registered the previous session, as investors sat on the fence after a mixed bag of corporate earnings. 1 hour ago
A wet summer in Europe dampened third quarter sales at Dutch beer giant Heineken, which rebuffed a takeover bid from rival SABMiller last month, although it stuck to annual profit forecasts. 2 hours ago
Hargreaves Lansdown says the City may take a more charitable view of Glaxosmithkline shares after the drug group announced higher third quarter earnings per share and a streamlining of its business. 2 hours ago
Channel Tunnel operator Groupe Eurotunnel saw a 7% increase in turnover in the third quarter, helped by a recovering UK economy and strong traffic figures. 2 hours ago
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2014 has seen a rush of companies looking to float on the London Stock Exchange (IPOs) and on the whole by the time the “little investor” gets a chance to become involved returns are normally skinny or worse still end up losing money as many IPOs are now trading below their initial offer price.
You sometimes have to question if a company is going public and the a large percentage of the initial investors are bailing out do you really want to me the mug on the buying side? A few examples Pets at home (LSE:PETS) £2.40 now £1.75, SAGA (LSE:SAGA) £1.85 now £1.50 and AO world (LSE:AO.) £3.80 now trading at £1.76 or a whopping 53% discount is a case in point.
Defence and security business Cohort (CHRT) has made its second earnings-enhancing acquisition in the current financial year. The latest acquisition is expected to enhance 2015-16 earnings by 15%.
AIM-quoted Cohort sold its space business earlier this year and that gave it a cash pile to finance acquisitions.
Forex technical analysis on the Japanese yen against the pound sterling. The GBP/JPY pair is a currency market that moves quite violently at times.
There is a significant amount of volatility in this market and traders can see we have recently fallen off of a cliff, dropping from the 178 level all the way down to the 170 level over the last couple of weeks.
The Ichimoku Cloud, also known as “Ichimoku Kinko Hyo”, is a comprehensive technical trading tool that is favoured by experienced traders as it utilizes more data points than other indicators and provides a higher probability of successful trades.
While it can be somewhat difficult to interpret at first, once the multiple elements of the chart are understood, the Ichimoku Cloud tool can be hugely valuable to all traders, from novice to highly experienced.
We've just had one of the best rallies of the year followed by one of the biggest sell-offs - and they say volatility is dying. Well, this just goes to show just how nervous the market is right now.
Concerns about the rest of the world, with stalling recovery in Europe and slowing growth in China, are leading the market to think this will not bode very well at all for US equities in the medium/long term.