Financial market research and analysis

Our analysts have their fingers on the pulse of the world's financial market news.

CFD trading is high risk and may not be suitable for everyone.
DBK, Tesco and Shire

Ex divs are taking some 2.91 points from the FTSE today, including Aviva, WPP, Next, Kingfisher, Smith & Nephew, Travis Perkins.

TESCO (-0.61%) UBS ‘’We see scope for Tesco to recover trading and earnings momentum in the UK over the next 2-3 years; the business is relatively well differentiated versus peers and we think management's initiatives to improve service and availability will be rewarded’’ UBS have a Buy recommendation PT 245p from 250p

Shire PLc +1.25%: Cosmo Patent for Shire’s Lialda to Be Reviewed by Patent Office
Hedge-fund manager Kyle Bass persuaded the U.S. Patent and Trademark Office to take a second look at a patent that protects Shire Plc’s colitis medicine Lialda from generic competition.
Bass’s Coalition for Affordable Drugs has a “reasonable likelihood” of proving that the patent is invalid, the U.S. Patent and Trademark Office said in a decision posted on its website. A trial will be held with both sides making arguments, and a final decision is expected in 12 months.

Deutsche Bank +0.16%:  3Q15 Profit Warning & Major Write- Downs Charges of €7.6bn - Deustche has announced an impairment of €5.8bn on goodwill and intangibles of CB&S and PBC, a €0.6bn write-down of the 20% stake in Hua Xia Bank and an extra €1.2bn litigation provision. Citi on DB ‘Importantly the first two charges will have no significant impact on capital. Meanwhile the latter is only €0.2bn heavier than consensus expectations.’ The stock had initially dropped at the open by 6% but has recovered. Still remains in a long term downtrend and would need to break above EUR28 per share to provide a real bull case. Dividend cut also makes fears of a capital raise less likely hence the lack of significant downside.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.