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Is it Time to Take Advantage of Negative Market Sentiment?

14:39, 18th January 2024
Justin Waite
Taking Stock

Is it Time to Take Advantage of Negative Market Sentiment?

Taking Stock on Thursday 18th January 2024

Companies discussed on “Taking Stock” today:

04:50 25:30 XP Factory #XPF 
08:15 e-Therapeutics #ETX 
16:50 Indivior Plc #INDV
20:10 DG Innovate #DGI 
21:00 Boohoo #BOO 
21:05 ASOS #ASC 
21:20 Fraser Group #FRAS 
29:25 Strategic Minerals #SML 
30:14 Ceres Power #CWR 
31:40 ITM Power #ITM 
31:55 Watches of Switzerland #WOSG 
36:49 Bango #BGO 


UK lenders fear biggest rise in household loan defaults since 2009

British lenders expect the biggest rise since 2009 in defaults by households with unsecured loans, a Bank of England survey showed on Thursday.

The BoE's quarterly Credit Conditions Survey showed a reading of +31.7 in an index of lenders' expectations for unsecured household loan defaults for the three months to the end of February.

If realised this would represent the biggest increase in loan defaults since late 2009, during the depths of the global financial crisis.

However, lenders have been too pessimistic about loan defaults in the recent past, with an expectation of +34.3 in late 2022.

The survey showed a +23.5 reading for loan defaults in its Q4 2023 period which covers the three months to the end of November 2023.

(Click here to read more)

Post Office scandal: Horizon developer Fujitsu says it will compensate victims

Japanese technology firm Fujitsu has said it plans to compensate sub-postmasters wronged in the Horizon scandal.

The multinational is in the spotlight due to its role in the scandal - with recent ITV drama Mr Bates Vs The Post Office renewing public interest in the issue and sparking outrage over the miscarriage of justice.

(Click here to read more)


Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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