Glencore (ticker GLEN) are still routed to the top, but its getting tighter to hold on to the lead which is why they are shaking up their top management, merging units and streamlining their business to bring on more gains for the future. Full story
Prudential (PRU) jumped from 6th to 3rd and may climb higher as its investment in to digitalising processes is helping growth in Asia.
Battle of the Banks
Lloyds Banking (LLOY) won the battle of the banks this week with a 2.6% increase pushing them up to 5th while HSBC (HSBA) are down 1.9% and down 2 positions in the league. It looks like HSBC lost out due to their investment into fossil fuels being 15 times as high as Lloyds and with Covid affecting demand for fossil fuels, the HSBC share price has been hit. Both banks however announced good news for investors in that they will be cutting office space (and therefore cost) with less staff required in office, but this did not outweigh the negative for HSBC. Full story
Royal Dutch Shell A and B (RDSa & RDSb) continue to be two of the heaviest losers in the league, both dropping 2 places and over 3% this week (see last weeks WATD for analysis).
What can SMEs take from this weeks movements?
- What’s worked in the past, may not continue to work in the future – is it time to freshen up?
- How can technology improve your processes and growth?
- And how can you stand out from your rivals/competitors?
Now to the all important league table.
There is still a big gap between the top half of the table (7.8% minimum year to date growth) and the bottom (3.9% maximum).
Unilever brought in the biggest gain this week from the bottom half of the table, closing the gap between them and 18th place, but still a way to go.
|6||Royal Dutch Shell A||-3.1%||11.7%|
|8||Vodafone Group PLC||0.4%||11.2%|
|9||Royal Dutch Shell B||-3.3%||9.4%|
|12||British American Tobacco||-0.8%||2.3%|
|14||Rio Tinto PLC||0.6%||0.6%|
|20||London Stock Exchange||-2.3%||-21.7%|
Who is going to lose it all?
Who is going to recover?
What do you think? Let us know in the comments.
Until next week.