Friday Email: 23 June 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 FTSE 100 has had a mixed week rising to 7550 on Tuesday but is now trading lower than at the start of the week at 7410.
The past week was very quiet on the corporate front but Berkeley showed that the house builders continue to thrive in spite of the fears surrounding the Brexit talks. It was trading at 3285p pre referendum and fell to 2341p in the days following the vote. It now trades at 3294p.
The week ahead remains quiet, but one of my favourite companies from a dividend perspective, Photo-me, reports on Tuesday. I expect them to lift their final dividend by the promised 20% and depending upon their cash position which I expect to be strong, they should also declare a special dividend.
New into DividendMax at the request of members we have Telit communications, RWS Group and Scandinavian Tobacco group.
We have, after many requests, enhanced the GeneratorMax product to include all the international stocks we cover. This means you can now track non-UK stocks through your portfolios.
The product remains UK-focussed, so transactions will be handled in much the same way that your UK broker would handle them. Dividend forecasts in the 'future income' tab will be based upon the native currency forecast but translated at the current exchange rate, so you can expect the ex-uk part of your portfolios to fluctuate daily with the exchange rate.
This is part of many ongoing new features we're adding to the site and as always we welcome your feedback.
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: 16 June 2017
The FTSE 100 has fallen approximately 100 points since Wednesday after dropping quite sharply following the rise in US interest rates and also the shock of the Bank of Englands monetary policy committee having three members prepared to raise interest rates in the face of higher inflation. On top of this retail sales also fell as inflation bites which led to the biggest one day fall in the FTSE 250 for almost a year.
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