Friday Email: 16 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 good week and is up over 100 points taking its lead from Wall Street.
The past week has been quiet from a reporting perspective.
The week ahead is very busy as the reporting season for 2017 final results gets fully underway and much held companies such as Lloyds Banking Group report on Wednesday; Other banking groups HSBC, Barclays, Royal Bank of Scotland and relative newcomer Metro Bank also report next week. There are numerous FTSE 100 companies reporting including Reckitt Benckiser, Intercontinental Hotels, Standard Life Aberdeen, RSA Group, Centrica, British American Tobacco, BAE Systems, Anglo American, Barratt Developments and Glencore.
Going ex-dividend next week we have two large dividends from Plus 500 who we have mentioned in the past. Beware the Israel withholding tax which is 25%. Nevertheless, in spite of this the yields are still very large with a gross yield of approximately 5% on the final dividend and approximately 3.9% on the special dividend. Other notable ex-dividends this Thursday include Shoe Zone (4%), Imperial Brands (2.3%) and HSBC (2.1%).
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: 09 February 2018
World markets have fallen sharply this week as interest rate fears have shaken confidence. The FTSE 100 is down approaching 5% on the week and has fallen from 7490 to 7135 currently. The FTSE 100 has fallen over 9% since its high in early January and 7% since the start of the year. This looks like a standard correction rather than deep seated gloom and doom. Interest rate rises will need to be modest and carefully implemented due to the long time period over which people have been accustomed to low interest rates. Also, bear in mind that the rises being signalled are in part due to a stronger than expected economy.
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