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Friday Email: 14 October 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 market is trading just above the 7000 level and is holding up well. The first signs of the inevitable issue of imported inflation raised its head this week in a row between Tesco and Unilever; which was quickly resolved; although Unilever still got its price increases, albeit lower than originally proposed.

The market is starting to fear that the hard Brexit is becoming more of a possibilty as the Prime Minister takes a tough stance, but this is not affecting the FTSE 100 with the weakening currency strongly favouring many of its constituents. Leading Brexit campaigners like Tm Martin of Weatherspons (obviously realising what a very tough stance on immigration will do to his business) has come out in favour of migrant workers, which, to be fair, he was before the Brexit vote. Therein lies the huge issue facing Theresa May and her government. The likes of Tim Martin wanted to be rid of Brussels bureaucracy, whereas May understands that a huge chunk of the Brexit vote was focussed on immigration. It is going to be very very difficult to reconcile.

The past week was quiet although we did see double digit dividend increases coming from WH Smith, Booker, Walker Greenbank, Volution Group and Ted Baker.

The week ahead is again relatively quiet with a few companies reporting.

New in to DividendMax this week at the request of a member we have Highland Gold Limited who doubled their interim dividend recently.

This email was originally sent on Friday 14 October 2016

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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