Friday Email: 27 May 2016
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 past week has been a week of solid gains as fears of Brexit reduced in the markets. According to the latest polls there has been an upswing towards the remain vote. It still looks tight to me, but the bookies are still firmly in the remain camp with their odds.
In the markets we saw the FTSE 100 rise from 6053 last Friday morning to 6270 in pre market trading this morning pushed higher also by rising oil prices as they went through $50 a barrel, but have fallen back since then and are currently at $49.10.
On the corporate front, it was a good week for dividends with big increases coming from Pets at home (39%), Sir Terry Leahy's new outfit, B&M European Value retail increased their ordinary dividend by 41.2% and will pay a 10p Special dividend. Zoopla increased by 50%, Aveva by 20%, Paragon 19.4% and Renew by 18%. This morning Kcom delivered another 10% increase in its full year dividend and promised at least 6 pence in each of the next two financial years.
It goes very quiet for the next two weeks with just a handful of companies reporting to the market.
New into DividendMax this week at the request of members we have Produce Investments and SCS Group.
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: 20 May 2016
The FTSE 100 has been volatile again this week and is looking to end the week on a high note after falling away mid week on fears of a US rate hike. With this mornings bounce, it will end the week roughly level.
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