Stop everything…London Stock Exchange (LSEG) who have been rock bottom all year were the highest scorers for the week with a 3.9% gain! Still nowhere near getting them off the bottom but a continued run in this form would do them good.
Inflation and more Bitcoin volatility hit the FTSE overall so it’s no surprise that the majority recorded a loss for the week.
However LSEG can thank this volatility for their gains (more volatility = more trading) along with the EMpower Future Leader award going to Maryse Gordon. Full Story
AstraZeneca (AZN) also pulled out an over 3% gain for the week rising them 7 places in the league thanks to their Covid vaccine now getting approval in Japan.
Glencore and Anglo American were in the 4% losses club with BHP Group leading this club at -4.8%. BHP with a mixed week with potential strikes from workers in Chile, pressure from Canada to greenlight an investment that may not be their highest return option and their first iron ore delivery from their South Flank project.
However far outdulling (new word for the opposite to outshining!) the 4% loss club was Vodafone Group (VOD) with a 9.8% loss, dropping them 8 places deep into the bottom half of the table. This was due to a hit on their free cash flow from higher capital expenditure. Full Story
What can SMEs take from this weeks movements?
- What awards can you or your business go for?
- If you are making investment decisions, be aware of your cash flow
- Update your risk analysis – the bigger you get the more risk there is (Government pressure, staff strikes, market volatility)
Now to the all important league table.
|9||Rio Tinto PLC||-2.0%||9.9%|
|12||Royal Dutch Shell A||-2.9%||6.2%|
|13||Royal Dutch Shell B||-3.0%||5.0%|
|14||Vodafone Group PLC||-9.8%||4.9%|
|16||British American Tobacco||-2.3%||2.0%|
|20||London Stock Exchange||3.9%||-17.1%|
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.