Friday Email: 18 April 2014
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
A decent rally on Thursday took the market 40 points higher for the week otherwise we were headed for another flat one. The bombed out food retailing sector was given a lift by Tesco as its shares climbed from 282p to 297p on the day of its results, but the euphoria evaporated by Thursday and the shares ended up 7p on the week. The other companies reporting this week did little to excite on the dividend front with Sports Direct increasing by 3% and Debenhams only holding their interim at last years level. Another quiet week lies ahead with only a couple of companies reporting to the market including Associated British Foods. However, we will see a lot of trading ststements next week.
The ex-dividend day on Wednesday is also very busy with over 20 companies that we cover going ex. Notable yields come from Man Group, Centrica, Old Mutual, Hansteen Holdings, Legal & General and Tullet Prebon; all yielding around 3% from the one dividend. Antofagasta will yield 6.5% which is pretty exceptional for a single dividend.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 11 April 2014
Another barren week with very little going on and another week that proved what we said at the start of the year; that this year was not going to be easy and it certainly is not. We are well into April and the FTSE 100 is still about 2.5% below what it was at the start of the year. (The DividendMax model portfolio is currently up around 4.2%) The market is currently starting to show day to day volatility and ending the week where it started or in the case of this week if early indicators are correct this morning, about 100 points down.
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