Weekly outlook: Key manufacturing data; Persimmon and BHP results
The key events for UK wealth managers for the week starting 19 August
The key events for UK wealth managers for the week starting 19 August
Both BHP Billiton and Persimmon impressed shareholders with their latest trading updates, the miner returning to an annual profit and agreeing to ditch its US shale operation and the UK builder posting double digit revenue growth.
BHP Billiton shares were the second highest riser in the FTSE 100, climbing 3.3% to 1076.8p despite reporting record losses in its interim results Tuesday morning.
Like ‘Dirty’ Harry Callahan and Starsky & Hutch, UK Equity Income has hosted its fair share of rule-breaking mavericks, the question is should we accommodate or banish them?
Standard Charted shares fell 5.7% in morning trading after the bank reported a surprising loss.
BHP Billiton’s spin off and listing of South32 fell rather flat on Monday, as its shares traded at the lower end of analyst expectations, giving the newly minted firm a market cap around $8.7bn.
Changing views on inflation are likely to signal a weakening of investors’ fixation with yield and duration and an improvement in perceptions of value, says Charles Long, manager of the GLG UK Select Fund.
We are now just three weeks from the general election in the United Kingdom so a significant window of opportunity could be closing, depending on your assessment of the situation.