Markets

Federal Reserve meeting update

Federal Reserve meeting update. The Federal Reserve on Wednesday (20/09/17) announced it will start reducing the size of its balance sheet. At something like $4.5 trillion it will now, after nine years finally start reducing the balance in October 2017 on a monthly basis. US interest rates were held at …

Markets

FTSE 100 companies going ex dividend this week

FTSE 100 companies going ex dividend this week on Thursday 21st September 2017 Old Mutual PLC (OML) Taylor Wimpey PLC (TW.    

Investing

J D Wetherspoon reports

J D Wetherspoon reports. End of year accounts from J D Wetherspoon report sales and profits up! Profit before tax is reported at: £102.8 million (up from £80.60 million in 2016). Sales up by: 4% (like-for-like). Where else can you get such good value? J D Wetherspoon PLC (JDW) is …

Finance

Sterling soars to one year high

Sterling soars to one year high. The Bank of England’s strong hint that an interest rate rise could be sooner rather than later pushed the pound higher yesterday. Sterling continued to make gains against the dollar this morning and moved above $1.35. Its highest level since September 2016. Is a …

Markets

Sterling on the move

Sterling on the move Following the Bank of England’s interest rates comments Sterling is surging ahead. The pound smashed through $1.33 to reach a high of $1.3355 I’ll keep you posted.

Finance

UK interest rate held at 0.25%

UK interest rate held at 0.25% The Bank of England (BoE) has held UK interest rates at 0.25% Interest rates could rise faster than expected after 7-2 vote to hold. Sterling The pound jumped against the dollar ($1.3280) FTSE 100 fell on the news sharply to 7316 – a fall …

Investing

Retail results roundup!

Retail results roundup! Interim results were announced today from: NEXT PLC, Morrison (Wm) Supermarkets PLC and John Lewis. NEXT PLC (NXT) – sales and profits fall NEXT PLC reported a 9.5% fall in profit before tax at: £309.4 million at half year results (to end of July). Total group sales …

Investing

Companies going ex dividend

Companies going ex dividend on Thursday 14th September 2017 There are no companies in the FTSE 100 going ex dividend this week. Here is a list of FTSE 250 companies in the FTSE 250… Stobart Group Ltd (STOB) Sanne Group PLC (SNN) Computacenter PLC (CCC) Assura PLC (AGR) BBA Aviation …

Markets

Shares in Thomas Cook fall after pilots strike

Shares in Thomas Cook fall after pilots strike. The shares in Thomas Cook Group PLC (TCG) a FTSE 250 company fell 2.7% at 120.55 today (08/09/17). Pilots followed through on planned strike action over pay. This is quite significant as it is the first strike action taken by UK pilots …

Finance

Euro up against the dollar

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …