Financial Market Research and Analysis

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

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Glencore, VW, Barclays and more

Glencore (-4.66%) is to hire BoFA and UBS to advise on its copper mine sales. The battle to cut its’ debt load is in many respects impacting the value of the company too as the depletion in assets ramps up. The share price may have bounced from its lows in recent days but investor confidence is not exactly on fire and this is materialising in the lack of sustained upside.

VOLKSWAGEN (-0.75%) Seeks €3bn in cost cuts at suppliers. Volkswagen is likely to reduce employee profit-sharing bonus from €5,900 per employee last year. Cost cutting aside, the reputational damage done to the company and the as yet unknown costs that will be associated with the scandal are likely to weigh on the share price over the near term.

BARCLAYS (-1.21%) It’s never pleasant when a company share price moves negatively on the back of a CEO entrance or departure. But the news that  former J.P. Morgan Chase executive James Staley is set to be its next CEO isn’t exactly pumping the stock higher just yet. The bank has selected their candidate but deal is not yet done. Jes Staley has not yet signed a contract + regulatory approval pending. This appointment is likely to be made official in the coming weeks. 

ROYAL DUTCH SHELL (-1.45 e  The oil company is selling two assets in the North Sea as the big energy companies respond to high production costs and a massive decline in crude prices both historic and let’s be honest imminent. Shell is endeavouring to offload its 50% stake in the Gannet field and its 26% holding in the Triton vessel operated by Dana Petroleum.

ROYAL MAIL( -4.43%)  - The U.K. government has sold its remaining 14% stake in Royal Mail Group Plc to institutional investors. 

LMVH (-3.36%): reported third-quarter revenue that exceeded analysts’ estimates, boosted by growth in Europe, the U.S. and Japan. Total revenue for the quarter climbed 16% to €8.58 billion ($9.76 billion). Expectations were for € 8.53 billion

Ladbrokes (+1.23%) — an upgrade from Citi to neutral is helping the stock rise this morning. Citi has stated that upside and downside risks are broadly balanced and give a price target to 110p (from 100p), the mid-way point between the upside from a deal and the downside from no merger agreement with Gala Coral. Citi price target now implies a 3.9% upside from present levels.

GlaxoSmithKline (+1.03%): Upgraded to neutral from underweight by JP Morgan

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