Friday Email: 07 September 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 is down around 200 points this week and is down approximately 4.5% on the the year.
The past week has seen solid dividend increases from Genus (10%) and Melrose (11%). Dechra Pharmaceuticals increased by 18.9% and PPHE Hotels by 45%. Redrow and Bovis homes kept the housebuilders incredible dividend run going. Redrow increasing its full year dividend by 65%. Bovis Homes increased its interim dividend by 27% and announced a special dividend of 45p per share.
The week ahead continues to see a fair number of companies reporting to the markets with around 15 companies that we cover producing their interim or final results.
Companies going ex this coming Thursday for dividends in excess of 2% we have Highland Gold (4.4%), Centaur Media (3.6%), Gateley (2.8%), BCA Marketplace (2.6%), Restaurant Group (2.5%), South 32 (2.5%) and RPS Group for 2.1%.
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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: 31 August 2018
After a good start to the shortened week, the FTSE 100 took a downturn and is now trading around 100 points lower. The trade rows continue as Donald Trump is threatening another $200 billion of tariffs on Chinese goods and he is also talking about pulling out of the World Trade Organisation. As we have said previously, apart from small blips this is not affecting US markets at all with US markets hitting record highs earlier in the week.