Ken Baksh – March Market & Investment Report

March 2020 Market Report  During one-month period to 29th February 2020, major equity markets registered large falls, rising initially and then falling sharply, mainly on growing coronavirus concerns. The FTSE ALL-World Index dropped by 9.62% over the period. The VIX index rose sharply (+160%) to end the period at 46.22, a level reflecting elevated investor […]

Ken Baksh – October market report…..trickery or treats!

October 2018 Market Report During the month to September 30th, 2018, major equity markets again displayed a mixed trend, rising by 1.19% overall and the VIX index fell. There continued to be an abundance of market moving news over what is traditionally a quieter month, at macro-economic, corporate and political levels. The European Central Bank […]

Hydrogen-powered transport key to climate targets, says Shell – The Guardian

By Adam Vaughan, The Guardian Oil firm says gas could account for 10% of global energy consumption by end of century Planes and trucks powered by hydrogen will be a crucial part of efforts to cut carbon emissions to safe levels, according to oil giant Shell. For the first time, the Anglo Dutch firm, which […]

Next Celebrates Falling Profits With a Special Dividend

Next NXT Celebrates its weak trading performance by announcing a special dividend of 45p per share to be paid on the 1st August. Total sales for the 13 weeks to to 29th April fell by 3% as mayhem on the high street continued. On a like for like basis, new space which added 1.6% to […]

Weir Worse But Hopeful

Weir Group WEI continued to worsen in the third quarter to the 31st October tough trading conditions every every division in decline. Minerals fell by 7%, Oil & gas by 10%, Flow Control by 4% and Continuing Operations by 7%, whether on a reported or like for like basis. Full year profits will be slightly […]

Sainsbury’s Doing Well in Financial Services – The Problem Is Food

J. Sainsbury SBRY has been forced to cut its final dividend, even if only by a small amount,0.1p or 1.2%, making a total cut for the year of of 8.3%. It claims a strong performance in clothing, general merchandise and financial services which, coming from a food store, indicates a problem or two with the food […]