Friday Email: 16 January 2015
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
That was quite a week. The market is so volatile that we are seeing massive turnarounds over the course of just a few hours. There has been very little in the way of corporate news, but as usual IG Group kick everything off next week with their interims on Tuesday and that for me signals the start of the busiest and most important time of the year. We get big oil towards the end of January / early February quickly followed by big pharma and from then onwards we get very very busy through to mid April, by which time our minds will be firmly on the election, which took an amusing turn this week with Al Murray, the pub landlord, deciding to run against Nigel Farage. That's democaracy. Great stuff.
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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Read next: 09 January 2015
Quite a volatile market at the moment with the FTSE 100 having started the week at 6528 falling to 6330 and then closing on Thursday at 6569. There has been no corporate activity in the past week in terms of declared results or dividends, but we did have the market reacting very well to Tesco's trading update and the news that they had cut their final dividend. It looks too early to get excited about Tesco to me. They have put thousands of people onto the shop floor and are barely maintaining their market share and basically, they cannot afford to pay a dividend to shareholders. I don't have a strong view either way on Tesco at this price, but I am convinced that they have a mountain to climb to regain their former glories.
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