Themes from October

Global equities endured a torrid October with the MSCI World Index down by 9.6%

Italy and EU remained deadlocked after the EU rejected the Italian budget as breaching conditions.

UK Budget brought forward a rise in the personal tax allowance in the higher rate threshold to April 2019 as well as injecting £1bn into the MoD to fight cyber threats.

GE reported a $22.8bn Q3 loss and plans to split its power division. The dividend was cut to 1 cent per quarter.

UK defence companies fell sharply on concerns over possible embargoes / sanctions on Saudi Arabia as a result of Mr Khashoggi’s murder.

HSBC reported Q3 profits of $5.9bn up 28% whilst loans and advances grew $14bn from Q2.

Amazon lost $250bn in market capitalization in the last 2 months – it took Amazon 18 years to reach a $250bn market cap. The CEO Jeff Bezos was criticized for remaining silent on Jamal Khashoggi who was a columnist at the Washington Post, owned by Bezos.

Restaurant Group is buying Wagamama for £559m with £315m worth of funding secured via a rights issue.

Intu Properties received a takeover proposal from John Whittaker for 210.4p per share. The consortium has until 15th November to make a firm offer.

Read our 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.

Sending
No, thank you I am already subscribed