European stocks sell off on Monday morning, with major markets losing more than 1% during early trade. Falls follow a major drop in the USA on Friday after the best wage growth numbers since 2009 sparked fears of higher than expected inflation. The sell-off also impacted Asia, with Japan’s Nikkei …
The FTSE 100 has tumbled to an eight-week low after global stocks plunged on fears that central banks could soon accelerate plans to tighten monetary policy. Rising US Treasury yields caused a sharp pullback in US stocks on Friday and European markets …
Hungary’s retail sales growth eased at a faster-than-expected pace in December, preliminary figures from the Hungarian Central Statistical Office showed Monday.
Retail sales climbed a calendar-adjusted 5.9 percent year-over-year in December, slower t…
Pound Hits 5-day Low Of 154.83 Against Yen
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Pound Declines To 6-day Low Of 1.3115 Against Franc
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Sweden’s service sector growth remained at an elevated level in January, survey data from Swedbank and the logistics association SILF showed Monday.
The purchasing managers’ index for the services sector dropped to 61.3 in January from 64.6 in Decemb…
Spain Jan Services PMI 56.9 Vs. 54.6 In December
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The airline warns of possible local “disruptions” as it recognises unions for the first time.
S. Africa Jan Private Sector PMI 49.0 Vs. 48.4 In December
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Euro Pares Gain To 1.2439 Against U.S. Dollar
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Euro Falls To 1.1579 Versus Franc
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Euro Drops To 4-day Low Of 136.65 Versus Yen
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Slovakia Dec Retail Sales Rise 1.1% M-o-M
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Slovakia Dec Retail Sales Up 5.6% On Year
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Hungary Dec Retail Sales Up 5.9% On Year Vs. 6.7% In Nov, Consensus 6.4%
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Good morning!
So far, I’ve noticed the following bits of news:
Murgitroyd (LON:MUR) – interim resultsBegbies Traynor (LON:BEG) – small acquisitionGetech (LON:GTC) – trading updateVeltyco (LON:VLTY) – trading updateIQE (LON:IQE) – response to negative publication by shorterI’ll try to unpack the situation at IQE (LON:IQE) first.
IQE (LON:IQE)
Share price: 104.4p (pre-open)No. of shares: 686 millionMarket cap: £716 millionResponse to ShadowFall Report
(work-in-progress)
Good morning!
So far, I’ve noticed the following bits of news:
Murgitroyd (LON:MUR) – interim resultsBegbies Traynor (LON:BEG) – small acquisitionGetech (LON:GTC) – trading updateVeltyco (LON:VLTY) – trading updateIQE (LON:IQE) – response to negative publication by shorterI’ll try to unpack the situation at IQE (LON:IQE) first.
IQE (LON:IQE)
Share price: 103p (-1%)No. of shares: 789 millionMarket cap: £813 millionResponse to ShadowFall Report
This opened lower but has recovered most of the losses by mid-morning.
IQE manufactures wafers for the semiconductor industry. It’s widely-followed by private investors and has been discussed here on numerous occasions before.
When I last covered it in November, I noted the material amount of short interest outstanding (6.5% was disclosed at the time) and guessed that this was due to 1) its high valuation against conventional metrics, 2) the lack of free cash flow generation, and 3) its reliance on a small number of customers. The share…
Good morning!
So far, I’ve noticed the following bits of news:
Murgitroyd (LON:MUR) – interim resultsBegbies Traynor (LON:BEG) – small acquisitionGetech (LON:GTC) – trading updateVeltyco (LON:VLTY) – trading updateIQE (LON:IQE) – response to negative publication by shorterI’ll try to unpack the situation at IQE (LON:IQE) first.
IQE (LON:IQE)
Share price: 103p (-1%)No. of shares: 789 millionMarket cap: £813 millionResponse to ShadowFall Report
This opened lower but has recovered most of the losses by mid-morning.
IQE manufactures wafers for the semiconductor industry. It’s widely-followed by private investors and has been discussed here on numerous occasions before.
When I last covered it in November, I noted the material amount of short interest outstanding (6.5% was disclosed at the time) and guessed that this was due to 1) its high valuation against conventional metrics, 2) the lack of free cash flow generation, and 3) its reliance on a small number of customers. The…
Good morning!
So far, I’ve noticed the following bits of news:
Murgitroyd (LON:MUR) – interim resultsBegbies Traynor (LON:BEG) – small acquisitionGetech (LON:GTC) – trading updateVeltyco (LON:VLTY) – trading updateIQE (LON:IQE) – response to negative publication by shorterI’ll try to unpack the situation at IQE (LON:IQE) first.
IQE (LON:IQE)
Share price: 103p (-1%)No. of shares: 789 millionMarket cap: £813 millionResponse to ShadowFall Report
This opened lower but has recovered most of the losses by mid-morning.
IQE manufactures wafers for the semiconductor industry. It’s widely-followed by private investors and has been discussed here on numerous occasions before.
When I last covered it in November, I noted the material amount of short interest outstanding (6.5% was disclosed at the time) and guessed that this was due to 1) its high valuation against conventional metrics, 2) the lack of free cash flow generation, and 3) its reliance on a small number of customers. The…
Good morning!
So far, I’ve noticed the following bits of news:
Murgitroyd (LON:MUR) – interim resultsBegbies Traynor (LON:BEG) – small acquisitionGetech (LON:GTC) – trading updateVeltyco (LON:VLTY) – trading updateIQE (LON:IQE) – response to negat…
FTSE 100 hits two-month low as stock market sell-off deepens – business live … The FTSE 100 is now down 98 points, or 1.3%, at 7,344 points – a new two-month low. Hussein Sayed … The FTSE 100 has shed more than 1% this morning within hours of openi…
Feb 5 (Reuters) – Britain’s FTSE 100 index to open 79 points lower at 7,364 on Monday, according to financial bookmakers, with futures down 0.85 percent ahead of the cash market open. * TESCO: Tesco, Britain’s biggest retailer, on Monday forecast profit for the full 2017-18 year slightly ahead of …
Crude oil and gold prices fell as the US Dollar roared higher after Friday’s impressive labor market data. An upbeat service-sector ISM survey may herald more of the same.
Turkey Jan CPI Rises 1.02% On Month, Consensus 1.26%
The material has been provided by InstaForex Company – www.instaforex.com
Turkey Jan CPI Inflation 10.35% Vs. 11.92% In Dec, Consensus 10.57%
The material has been provided by InstaForex Company – www.instaforex.com
Purchasing Managers’ survey data from euro area and other major European economics are due on Monday.
At 2.00 am ET, consumer and producer prices are due from Turkey. Inflation is seen easing to 10.57 percent in January from 11.92 percent in December…
IG’s opening calls suggest that the FTSE 100 will start the session 1.06 percent in the red at 7,364 points. The index is likely to take cues from the US where shares plunged on Friday, with a stronger-than-expected US jobs report fuelling interest rates concerns. “We’ve been expecting a pullback for a …
Could these dividend stocks be worth adding to my portfolio? GlaxoSmithKline plc (LON:GSK) (GSK.L), Imperial Brands PLC (LON:IMB) (IMB.L), National Grid plc (LON:NG) (NG.L) and Vodafone Group plc (LON:VOD) (VOD.L). February 5, 2018 Robert Stephens Gene…
Lee Jae-yong has his five year jail term for corruption suspended by an appeals court.
Job advertisements in Australia increased notably at the start of the year, after falling in the previous month, the latest survey from the Australian and New Zealand Banking Group revealed Monday.
On a monthly basis, total job ads climbed a seasonal…
