Last week was cup week so even though the majority of teams this week didn’t gain or lose by more than 1%, there are some big movements in the league from two weeks ago.
First of all, as we should all now expect, with minimal movement in most stocks what does this mean for London Stock Exchange (LSE)? Yes… they are the weeks biggest loser with a -4.9% loss, keeping them routed to the bottom of the table.
Next, down from 10th to 16th, is Prudential (PRU) with a -3.3% loss for the week. Not great news for their non-executive Director who purchased £99,715 of shares in the middle of the week. Hopefully (especially as they are a NED) they’re in it for the long term, or at least took out insurance! Full Story
Leapfrogging Prudential was British American Tobacco (BAT) who were the second highest scorers of the week with 2.3% gain after posting good results for the first half of the year. Personally I would not invest in BAT, however if this is one on your watch list you should check out the detailed review by Motley Fool Here
And this weeks highest scorers were AstraZeneca (AZN) bagging a 3.4% gain after their Forxiga treatment was recommended for EU approval.
What can entrepreneurs take from this weeks movements?
- Even if you have a successful product or service, are you working on the next one and have you planned its release?
- Do you know your customers? What they want and the journey they have with your company?
- Do you have a NED or someone that can act as a NED for you and your business? (Essentially a non-executive director’s (NED) role is to provide a creative contribution to the board/you by providing independent oversight and constructive challenge – see more here)
Now to the all important league table.
|7||Royal Dutch Shell A||-0.6%||14.5%|
|8||Royal Dutch Shell B||-0.7%||14.3%|
|12||Rio Tinto PLC||-1.3%||9.4%|
|15||British American Tobacco||2.3%||5.3%|
|17||Vodafone Group PLC||-0.6%||1.1%|
|20||London Stock Exchange||-4.9%||-12.5%|
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.