Friday Email: 03 November 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 good week and is up about 75 points having reacted favourably to the Bank of England MPC raising interest rates by 0.25% on Thursday. This is the start of what is expected to be a very gradual process to 'normalise' interest rates. This means that the substantial yield gap between equities and bank interest will remain for a good wile yet. With the Bank of England expecting inflation to peak at 3.2%, this leaves interest bearing deposits eroding your capital in real terms.
The past week was very quiet with no notable dividend increases to report. The retail sector came under increased scrutiny as Next issued a weak trading statement. Going ex-dividend on Thursday with decent yields we have Card Factory (for 5.8% with the special dividend and ordinary dividend combined), Go-Ahead Group (4.1%) and OPG Power Ventures (2.6%)
From a reporting perspective the week ahead gets busier with some big FTSE 100 companies reporting including Associated British Foods, Imperial Brands, SSE, Marks & Spencer, Burberry, National Grid and Sainsbury.
The latest edition of DIY Investor with its usual array of interesting and informative articles has been released. It can be found here
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: 27 October 2017
The FTSE 100 is down slightly on the week after recovering from a hefty fall on Wednesday. It is currently trading at 7512 having fallen below 7500 to 7444 at the low point on Wednesday.
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