Friday Email: 14 April 2017
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 shortened week ended on Thursday with the market down slightly. The FTSE 100 closed at 7322, down 23 points. There was little in the way of corporate news although with its final results Tesco announced the intention to return to the dividend list in the next financial year after a three year absence.
Given the Geo-politcal tensions, the market continues to hold up well and the FTSE 100 remains up on the year; 2.6% higher year to date. The pound has strengthened this week amidst the political tension and with Donald Trump stating that he thought the dollar was too high. This serves to hold back the FTSE 100 with the large number of big dollar earners in its ranks. Same too with dividends paid in dollars, but we are still a long way from pre-Brexit days for the pound.
The shortened week ahead is also pretty dead with very few companies reporting. As with recent weeks there are a large number of companies going ex-dividend in the coming week with some good yields on offer.
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: 07 April 2017
The past week has seen the FTSE 100 slip by around 65 points and is now trading just above 7300, so the market is continuing to hold up well. After the hectic activity of the past few weeks we saw a big slowdown in corporate reporting and a large number of companies going ex dividend on Thursday including Lloyds Banking Group, Next, Berendsen, GKN, Aviva, Hikma, St James's place, Rentokil and Paddy Power Betfair.
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