Brexit 48 hours, Apple’s Tax Pie and Mid-Winter Mergers. Matt Brown, Finance Editor at Core Finance, speaks to Nick Batsford regarding the major business news of the day.
Brexit 48 hours –
With Barnier reportedly imposing a 48 hour deadline for the UK to have an agreed Brexit deal, will it actually be delivered in time. Brown believes a deal will not be struck by the weekend. The pound may drift as Sterling bulls get tired of waiting for a deal to be struck
could be a huge beneficiary of Tax Reforms with a discount on it’s tax bill if it does decide to move foreign reserves onshore, the NASDAQ could now be bak in focus
Merger Mania –
on the heels of the Hammerson/INTU deal, GVC and Ladbrokes announce merger talks. Positive for both companies. Consolidation in sectors through 2018 will be more apparent, Brown highlights Pharma, Oil Services and Retail being top picks.
FTSE one to watch –
in the FTSE 250 the Ladbrokes GVC talks have set the M&A chatter alight, with deals being done and discussed into the year end.
AIM stock –
ADVFN surges as it announces it’s tie-up with Online Plc regarding Plus One Coin. The market likes cryptocurrency and blockchain developments.
Broker Upgrade –
Stagecoach, following an inline interim update and outlook, JP Morgan upgrade Stagecoach to neutral
Finally looking ahead at key macro data, Draghi talking and Eurozone GDP will be the focus with traders looking ahead to Non-Farm payrolls tomorrow.
You can see more from the Daily Market Show by clicking here.