Stocks are mixed this morning as US-China tensions have ticked up slightly on account of the US’s backing of the Hong Kong bill. The mood is cautious as dealers are fearful...
Chart of the week We need a positive chart for a Monday. This is the 10-Year swap rate minus the 1 month LIBOR yield curve which has “uninverted”. This tells us that...
Chart of the week I know this chart is for the US but I suspect the same applies in the UK. It helps explain why we all feel a little grumpy Non-Standard Finance...
Europe Continued uncertainty over Italy along with geopolitical tensions have sent stocks tumbling. The EU Commission have rejected Italy’s budget proposal, and the...
Q2 GDP prints for Britain and the US are the main macro events, while earnings season is in full swing on both sides of the Atlantic. US and UK GDP The first read of the second...
UK Stock News:BP (LON:BP) reported 1Q results: “BP’s first-quarter replacement cost (RC) loss was $485M, compared with a profit of $2,103M a year ago. (…)...
UK and Europe Financial and energy shares led a resurgence across European stock markets on Friday after the International Energy Agency called a bottom in the oil price and banks...
UK and Europe European markets dropped on Monday despite signals of government stimulus from Chinese authorities that sent iron ore prices skyrocketing and boosted listed mining...
Europe The sell-off continued for a second day in Europe led lower by the German DAX which slipped through 11,900 having been above 12,200 on Monday. The broader support for...
Great entry point,and a rerating coming after the broker support and upgrades. But not for long!
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xD
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An analyst from BofA Securities upgraded St. James’s Place (LON: SJP) from 'neutral' to 'buy' with a price target of GBP11.50 from a prior price target of GBP11.75.Onwards and upwards.
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Money to be made here.
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The highlights .Underlying cash result £207.1 million (2022: £198.8 million),IFRS profit after tax £161.7 million (2022: £208.2 million)2Interim dividend of 15.83 pence per share (2022: 15.59 pence), representing 30% of prior full year dividend
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Great results and inflows. The MM have gone mad. 😁