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Friday Email: 02 February 2018

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 bad week falling by over 2%; nearly 200 points.

The past week has been quiet from a company reporting perspective with no major dividend surprises to the upside to report.

On Tuesday Capita followed in the footsteps of Carillion and cut their dividend after issuing a profits warning. Unlike Carillion, they also announced a rights issue which will at least give equity holders an opportunity to save their investment from wipe out which is an opportunity I am sure Carillion shareholders would like to have had 12 months ago.

The week ahead is not super busy, but we do have a spectrum of large companies reporting which may give a clue as to how these large Global sectors are performing. We have FTSE 100 giants BP, GlaxoSmithkline, Rio Tinto and Smurfit Kappa all reporting their Final results for 2017. Additionally, we have Hargreaves Lansdown reporting their 2018 interim results. Going ex-dividend this Thursday, Aberforth Smaller Companies Trust just makes 2% with the Final dividend and the Special dividend combined. Looking further ahead, the reporting season moves into full swing during the week beginning 19th February and continues for a month or so after that.

 

This email was originally sent on Friday 02 February 2018

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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