MaxMarioni
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MaxMarioni's Insights

On the topic of Brexit

Posted by MaxMarioni on 21 May 2017, 9:00 PM

Middling Prospects for JD Wetherspoons

Other Insights on Related Shares: JDW.L

Earlier this month, British pubs group JD Wetherspoon (JDW.L), which owns and operates more than 900 pubs in Britain and Ireland, posted its earnings for the first quarter of 2016. These were received more than positively by investors: like-for-like sales increased by a surprising 4% in the three months ending in April, comparing favourably with market expectations. This was taken as a sign that the pubs group, led by pro-brexit campaigner Tim Martin, had nothing to fear from the consequences of leaving the EU. 'A number of individuals and organisations, which previously supported UK membership of the Euro and its disastrous predecessor the ERM, and who recently promoted the erroneous view of a severe economic downturn in the immediate aftermath of a leave vote in the referendum', the funambolic Mr Martin had said at the time 'are again offering the government advice'. In a veiled reference to the head of the CBI, Carolyn Fairbanks, he further added that 'it is doubtful if Ms Fairbairn has ever been involved in serious business negotiations herself', before comparing the complex EU exit negotiations ahead to buying a house. 'It is hard to believe that such foolhardy advice could emanate from a business organisation', he concluded. (Read more)

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Other Insights on Related Shares: NXT.L
Related Shares: Next Share Price

Consumer retail, a cornerstone of the British economy, appears to be slowing down, according to several indicators. The volume of goods sold by British retailers, both in store and online, fell in April by 1.4% compared with the figures recorded three months before. According to the Office for National Statistics (ONS), this is the biggest decline since 2010, when the economy was experiencing a strong but short-lived rebound from the recession induced by the financial crisis. Just last month, sales fell by 1.8%, 0.7% more than what most analysts had predicted. Sales of clothing and footwear fell by almost 1%, with all kinds of retailers except for department stores reporting a loss. (Read more)

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The value in stocks of both Deutsche Boerse and the London Stock Exchange have spiralled downwards after news broke of the likely collapse of the long planned merger between the two exchanges. The share prices of both German and British exchanges started to lose ground right from the start of the session after the LSE leadership announced that it would be “highly unlikely” that it would be able to respect the conditions imposed by the European Commission for implementing the merger with Deutsche Boerse. In particular, London has rejected a request from Brussels to split up from MTS, the Italian platform for trading in government bonds. "Given the conditions that have been placed, we will not have the go ahead from the Commission for the operation," the LSE stressed in a statement. (Read more)

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Other Insights on Related Shares: BARC.L
Related Shares: Barclays Share Price

Barclays, according to Reuters, is planning to move its EU headquarters to Dublin, as part of its preparations for confronting the challenges posed by Brexit. The bank, which is looking to more than double its staff count in the Irish capital, is already factoring in the eventuality of losing the so-called EU “passporting rights”. Passporting is an EU-wide scheme which makes the provision of financial services by firms authorised in the UK possible throughout the European Economic Area (EU and Switzerland), without administrative friction and transaction costs. The loss of access to the passporting privilege is made more likely by the determination of the government to take Britain not just out of the European Union, but also out of the European single market for goods and services. (Read more)

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The chancellor of the Exchequer has delivered the autumn statement to the house of commons, containing the main points of the government's economic policy for the next year until the new budget in spring. But how does the statement impact investors on the stock market and in other areas, and what are the key announcements impacting stock holders? (Read more)

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The owner of British Airways, International Airlines Group (IAG), is the giant of European skies, born from the merger of Iberia and British Airways: its portfolio includes Aer Llingus and Vueling as well. This aviation behemoth has announced it is suffering from the sterling depreciation induced by the Brexit vote, and has launched a new profit warning. The group reports its earnings in Euro but the majority of its revenue is generated through British Airways, and hence its income is mainly in sterling. The London-based company forecasts that it will end the fiscal year with an anticipated operating profit of about 2.5 billion Euros ($2.7 billion), an increase of about 7% from the 2.34 % reported last year. (Read more)

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In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

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In a week when Pound Sterling touched a 30-year low and by Friday close had fallen by almost 1.5 percent to $1.2434, stock investments provided the only positive notes in a dismal week for the UK's economy. More precisely, the UK stocks have to be divided in two different camps of winners and losers. On the whole, the FTSE 100 index climbed close to a record high on Tuesday, and shares also gained on Friday as stocks recovered from the flash crash. The winners were mainly companies that get a share of their revenues from outside Britain who rallied, carrying the rest of the market and covering for the losses of the losers. Companies operating in some market sectors did better than others: the FTSE 350 Industrial Metals & Mining Index, for example, had its best weekly performance since spring. (Read more)

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Posted by MaxMarioni on 7 August 2016, 7:25 PM

Premier Oil, Winners from Brexit Aftermath

Other Insights on Related Shares: PMO.L
Related Shares: Premier Oil Share Price

It is hard to find companies able to reap a profit in the current economic climate, however Premier oil (PMO:LN) is an exception. The British oil company, which has a recently reported a (Read more)

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