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Friday Email: 30 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 poor week falling by over 100 points as the pound strengthens and now trades over 1.30 to the dollar. Currency will play a big factor in the direction of the market over the summer. Consumer confidence has now dropped to its lowest level since Brexit. Not much is emerging from the Brexit talks at the moment so uncertainty still remains. There seems to be very little consensus within the conservative party at the moment so confidence within the business community is not great as we stand.

The past week saw good results from Photo-Me and the promised 20% rise in the full year dividend was delivered although there was no special dividend as it invested heavily in the laundry business. Dixons Carphone also increased its full year dividend by 15%. Otherwise, the week was fairly quiet.

Going ex-dividend this coming Thursday with decent payouts we have Caledonia Investments paying an ordinary and a special for a return of 4.7%. Likewise Next paying an ordinary and a special for 3.77%. Also there is Pennon (2.94%), Telecom Plus (2.15%), Polar Capital Holdings (4.36%) TalkTalk (2.74%) and Dairy Crest (2.73%)

The week ahead continues to be quiet with only a handful of companies reporting to the market.

This email was originally sent on Friday 30 June 2017

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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