CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
Themes from July
lost a record $119bn in market capitalization for a single day’s trading on the 26 July 2018. The board said revenue growth would slow over H2 2018 after weaker than expected Q2 revenues. Facebook
Alphabet reported net income of $3.2bn after expensing the EU fine of $5bn. The business reported revenue growth of 26% to $32.7bn in the three months to end June 2018.
Inmarsat board is confident of maintaining their independence after rejecting a revised offer from US based EchoStar Corp.
Vedanta Resources board agreed a $10.89 per share cash offer from its majority owner Volcan Investments, the Agarwal family vehicle.
EC President Jean Claude Juncker and US President Donald Trump have agreed to work towards lowering trade barriers between the EU and the USA.
Barclays have sold down its holding in Barclays Africa to 14.9% and henceforth the former subsidiary will not be consolidated in the group accounts.
Sports Direct reported 2018 profit after tax of £27.6m from £231.7m last year after writing off £85m of losses from its Debenhams holding.
Glencore reported H1 copper output jumped 8% whilst cobalt production was up 31%.
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General Risk Warning
Trading in the products and services offered by Collins Sarri Statham Investments Ltd (CSS) may, result in losses as well as profits as the value of investments may go down as well as up. You may not get back the full amount you have invested. Any reference to past performance should not be viewed as an indication of any future performance. Investments held in overseas markets are subject to the effects of changes in exchange rates which will impact on the value of the underlying investment. Investments made in AIM and penny shares carry an increased risk due to the difficulty in creating a market in these shares. There may be a substantial difference in the buy and sell price. Leveraged products such as Contracts for Difference (CFDs), derivatives, commodities & Foreign Exchange (FX), carry a higher risk to your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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