Friday Email: 30 March 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 better week and has now rallied approx. 170 points (approx 2.5%) from the recent low reached last week. Geo-political worries still dominate the overall mood and market volatility is quite high right now. Bid activity helped the market to some extent.
The past week has seen the end of the main reporting season and decent dividend increases came from Ferguson (they also declared a special with a share consolidation), S & U, Inland homes, Anglo Pacific and Hilton Foods Group.
The short week ahead starting next Tuesday becomes very quiet from a company reporting perspective with Walker Greenbank the only company that we cover reporting that week. From an ex-dividend perspective, it is far from quiet with a large number of dividends over 2% on offer including Direct Line (7.8% which comprises 3.5% Ordinary dividend and 3.9% Special dividend), Aviva (3.8%), John Laing Infrastructure fund (3.2%), Devro (3.1%), Hansteen (3%), Moneysupermarket (2.6%), Ultra Electronics (2.2%), St James's Place (2.5%), TP ICAP (2.2%), Travis Perkins (2.5%), IMI (2.3%) and Photo-Me International (2.3%). All of the companies mentioned are going ex their final dividend with the exception of Photo-Me who go ex for their interim dividend.
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: 23 March 2018
The FTSE 100 has continued its bad run this week and is now trading below 7000 for the first time in over a year. It currently stands at 6884, down over 750 points on the year, almost 10%. It is starting to look overdone to me, but markets can and often do stretch the nerves of investors.
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