Weekly Outlook: Vodafone and Burberry full-year results
Key events for UK wealth managers for the week starting 13 May
Key events for UK wealth managers for the week starting 13 May
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Key events for UK wealth managers for the week starting 13 November
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The manager, who retires from running Artemis Special Situations at the end of this year, explains why the dotcom boom and bust was a defining moment for both him and the company he co-founded
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Telecom giant’s slashed dividend highlights concentration in the yield on the FTSE
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Markets were non-plussed by equity income favourites, Vodafone, Unilever and Royal Dutch Shell, on Thursday despite the latter two producing a decent set of final results.
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Sainsbury’s interim figures underwhelmed markets on Thursday but CityFibre’s shares were through the roof as it announced a new partnership with Vodafone.
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A growing headline loss in easyJet’s interim report wreaked havoc on its share price, while UK equity income favourite Vodafone’s final results revealed it was in a better place to shake off the Brexit blues.
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The FTSE 100 Index mirrored Monday morning’s rally and was up 0.8% at 6807 even after constituents Land Securities and Vodafone reported H1 losses and easyJet delivered lower profits Tuesday morning.
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The telecom operator’s share price rose 4.7% to 235.7p during morning trading undeterred by group revenue losses in the first quarter.
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The blocked merger between Telefonica’s O2 and CK Hutchison Holdings’ 3 UK “has consequences for the rest of players in the UK market, as well as for the broader European telecoms market,” said Moody’s Investors Service.
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Vodafone’s shares were up this morning following the publication of its year end results, trading 2.35% higher at £2.28.
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Global dividends fell the most in five years year-on-year in the three months to 31 March, according to research by Henderson Global Investors.
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