Friday Email: 22 September 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 been trading in a narrow range this week and is currently down on the week by around 50 points. The markets are waiting for Theresa May to deliver her Brexit speech in Florence and also awaiting the results of the German elections this cominf Sunday. The result is not expected to be formalised until Tuesday.
The past week saw solid dividend increases coming from Central Asia Metals (18.2%), Saga (11.1%), Brooks Macdonald (17.1%) and a big increase from Swallowfield of 68% as it continues to rebuild its dividend after the suspension in 2014.
The week ahead sees similar levels of activity to the previous few weeks. Decent dividends for companies going ex in the coming week come from NAHL Group (4%), IG Group Holdings (3.5%) and Kier Group (3.9%).
New into DividendMax this week at the request of a member we have Synectics
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: 15 September 2017
The FTSE 100 has had a poor week and looks set to end down around 100 points. The MPC started to make noises yesterday about a rise in interest rates and that sent the pound higher which resulted in a small reversal of the big gains on the equity markets that have taken place since the collapse of the pound following the Brexit vote. The arguments for a rate rise remain weak in our view and any rate rise would be observed for some time before rising rates again. So, it does look like a small hike (0.25%) is on the cards. Some say as early as November, we think later; possibly early in the new year. All of this resulted in a fall in the big overseas earners and a rise in bank shares.