Themes from October

Spain invoked Article 155 taking direct control of Catalonia placing the state under the authority of the Deputy PM. An election will shortly take place. Massive pro-unity demonstrations have calmed nerves.

HSBC reported Q3 adjusted pre-tax profit of $5.44bn with operating expenses down 9%. About 78% of HSBC’s profit was made in HK/ China and other Asian locations.

Ryanair announced interim revenues jumped 7% to €4.42bn and EPS of €1.07 up 16% despite a 5% drop in average air fares.

PM Theresa May keynote speech at the Tory Party Conference promised a cap on energy bills and a £2bn investment in affordable housing.

GSK reported Q3 sales of £7.8bn up 4% with EPS of 24.8p up 49%. Q3 was overshadowed by a conference call during which the CEO highlighted GSK’s appetite for major acquisitions.

M&A featured heavily in October with takeover approaches for Aldermore, Imagination Technologies, Millennium & Copthorne Hotels and Spire Healthcare.

US President Donald Trump is expected to name Jerome Powell as next Federal Reserve Chairman after a very public and unprecedented “beauty parade” of potential candidates.

Read the October Newsletter

Get Started with CSS

Open an Account

Subscribe to our award winning daily newsletter

Voted "Best Market Newsletter" in 2012, 2014, 2015 and 2017 by the City of London Wealth Management Awards

Subscribe to our newsletter (Popup)

By signing up to our free email, you are consenting to receive these promotions. The newsletter is sent up to three times per day during the week and up to once per day over the weekend and is directed at UK residents. The newsletter contains company news, market movements, CSS research and promotions and breaking economic news. Occasionally our newsletter will contain advertisements from trusted partners. However, we will never give, sell or rent your email address to any other companies. If you want to stop receiving our free emails you can unsubscribe at any time by clicking on the link at the bottom of each email. You can read our privacy policy here.

No, thank you I am already subscribed