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Estate agency group Foxtons plunged after it delivered a profit warning after being hit by the slowdown in the UK property market. The company said that full-year operating profits would be "below the prior year figure of £49.6m".19 hours ago
Tanzania-focused African Barrick Gold (ABG) impressed the market on Thursday with rising output and falling costs in the third quarter, as it reiterated its full-year guidance to produce 700,000 ounces (oz) of gold.Yesterday
Poorly-received updates from heavyweights Tesco, Tullow Oil and Unilever and a profit warning from Foxtons were weighing on UK markets on Thursday, though trading was choppy after some better-than-expected data from the Eurozone.Yesterday
UK stocks fell sharply on Thursday morning, led by poorly-received updates from blue chips Tesco, Tullow Oil and Unilever and a profit warning from Foxtons.Yesterday
African Barrick Gold: JP Morgan cuts target price from 340p to 300p and stays with its overweight rating.3 days ago
2014 has seen a rush of companies looking to float on the London Stock Exchange. But while many recent initial public offers (IPOs) in London have looked overvalued, the flotation of luxury shoemaker Jimmy Choo (CHOO) looks a little different.
On the whole by the time the ‘little investor’ gets a chance to become involved, returns are normally skinny or end up losing money as many IPOs recently have soon traded below their initial offer price.
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.
Daily global markets overview for the 24th October 2014 by Accendo Markets. Also the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.