GCIIs it Time to Take Advantage of Negative Market Sentiment?
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
TOP BUSINESS STORIES
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.
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.
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.