Friday Email: 09 December 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 FTSE 100 has had a good week and is up around 200 points and closing in on the 7000 level. It looks as though the so called Santa rally is underway.
The past week has been quiet with little news on the corporate front. Photo-me produced excellent numbers this morning and the promised 20% increase in their interim dividend. Another special dividend looks certain with the net cash position at £68 million which is well above the £50 million level that will trigger the special. The shares are up about 8% this morning.
The week ahead is very quiet with only a handful of companies reporting.
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: 02 December 2016
The FTSE 100 has fallen over 100 points this week in lacklustre trading with little to encourage investors who have their eye on the Italian referendum this Sunday. The Richmond by election was won by the Liberals on an anti Brexit ticket to narrow the governments slender majority further. The process of Brexit is going to be very messy indeed. The pound has strengthened significantly and this will take the shine off the earnings and dividends of many dollar denominated stocks in the FTSE 100. However, there is still a long way to go before that happens.
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