Weekly outlook: Can Ocado deliver?
Key events for UK wealth managers for the week starting 27 February
Itv
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Woodford-backed ITV shares fall 6%
Neil Woodford-backed ITV saw shares fall 6% today, making it the worst performer in the FTSE 100 index, after it posted its full-year results for 2017.
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Woodford buys media giant ITV
Neil Woodford has added media giant ITV to his income focus fund claiming its current value is an “attractive entry point”.
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ITV’s shares spike despite ‘caution’ on ad revenues
Markets responded positively to ITV’s results on Wednesday, despite the British broadcaster’s prediction of lower advertising revenues in the near term.
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AstraZeneca’s lower profits bitter pill to swallow
Shares were down 2.5% to 4,461.5p late Thursday morning, following reports the pharmaceutical group’s pre-tax profits had slipped 29%.
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ITV delivers healthy revenue growth as rebalancing continues
Although, ITV’s Q1 report shows a growth in revenue and audience share, it is still struggling to recover from its 20% fall in share price since February.
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Cash flow key to current holdings – Axa IM’s Thomas
Cash flow remains the focus for Nigel Thomas, as worries over growth and the lack of policy tools persist.
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ITV results send its shares downward
Broadcasting company ITV saw its shares fall despite reporting a 6% rise in annual pre-tax profits of to £641m.
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beware company dividends
A company can giveth as easily as it can taketh away so it is not enough to identify a high dividend yield as its dividend sustainability is arguably an even more important factor.
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Thomas backs ITV
ITV is now the top holding in Nigel Thomas’ AXA Framlington UK Select Opportunities Fund, part of a preference for stocks which he says are aligning themselves with total shareholder returns.