The FTSE 100 index could fall by as much as 10% and the FTSE 250 index and commercial real estate sector might be braced for an even bigger slump post-Brexit, said Caroline Simmons of UBS Wealth Management (UBSWM).
Marks and Spencer’s share price slumped 7.23% to £4.13 in morning trade after announcing a sharp fall in pre-tax profit.
Googling for news on the FTSE 100 yesterday afternoon yielded some interesting results. So far this week, the index has ‘tumbled’, ‘climbed’, ‘faltered’, ‘closed higher’, ‘slipped’ and ‘bounced back’, indicative of its longer-term trend.
The most recent 1000 capital-at-risk structured products to mature made an average annualised return of over 8% and every one delivered as per the stated terms, according to figures from Lowes Financial Management.
Forget Greece and today’s other macro matters, the way forward is in the small print, especially funds within the UK All Companies sector.
Royal Dutch Shell shares have shaken off a 56% plunge in profits revealed this morning.
Neptune Investment Management has broadened its UK equities offering with the launch of a distributing share class on both its UK Mid Cap and UK Opportunities funds.
While Royal Dutch Shell’s £47bn acquisition of BG Group is something of super-sized deal for the FTSE, it promises to be a weighty problem for active and passive funds alike.
