Friday Email: 21 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 past week saw the FTSE 100 drop over 200 points as the markets reacted to the strength of the pound following the election announcement.
The news this week was dominated by politics and not for the first time in the past few years as Theresa May called an understandable and opportunistic referendum. Nobody is giving anybody else a chance with the conservatives in the most recent opinion poll registering 48%. A Huge lead for recent times and surely if this continues, the pollsters cannot possibly get the result wrong. Jeremy Corben is not going to back down and he does not intend to give Labour a chance with a move to a real challenger to May.
Corporate news was thin on the ground although two heavyweights increased their dividends by more than 10%; Associated British foods and Unilever.
The week ahead looks like being a little busier with a few companies reporting their numbers. As with the previous weeks there is a very large number of companies going ex-dividend next Thursday with big dividends coming from Nahl Group, Legal & General and also from ITV.
New into DividendMax at the request of a member we have Elegant hotels 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.
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Read next: 14 April 2017
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.
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