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Friday Email: 29 August 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:

The market has been quite strong in August and has risen to challenge the great wall that is 6850 on the FTSE. We believe that it will be breached in the not too distant future and that an all time high on the FTSE 100 is well overdue in keeping with the performance seen on the US indicies.

The week ahead is very quiet on the corporate fromnt, but we can look forward to speculation that the worlds greatest company, Apple, will launch a new product. This has helped one of our small cap picks for the year, Imagination Technologies, perform very well this past week. I still hold out a small hope that Toumaz could be involved in the iWatch, but it is looking increasingly unlikely.

Importantly, our favourite company, Cathay International reports today, but they usually report after the close of the Hong Kong market which will be after this update, or at the same time at least so I will not be able to comment on the results. The share price of China Hutchinson Medicom never ceases to amaze me given that Cathay is a similar story.

BHP billiton have taken a tonking and it is not really obvious to me why. In our view they represent a very sound long term investment in the mining sector and they have an excellent dividend track record even through the recession.

The Tesco strory just gets worse. Two years ago they were a dividend champion and one of only a handful of companies in the UK with a 25 year CADI. Today they announced a dividend cut of 75% at the interim stage. Ouch.

The past week has seen some very good dividend increases notably from Unite and Raven Russia, still performing in spite of the situation in the Ukraine. Other good increases came from Computacenter and Restaurant Group, who both reported this morning. Also Playtech, Xaar, 888 holdings and Regus produced double digit increases.

This email was originally sent on Friday 29 August 2014

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.

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