THOUGH Premier Foods served up a healthy slice of humble pie for investors with the profits warning last week, can this mark a turning point for the company? With mounting debts and falling sales it is certainly in something of a pickle so pressure will build to move ahead with the disposal of peripheral brands in a bid to keep lenders sweet. Current IG Index price is 6.15p-6.25p
Silver miner Fresnillo has been hit quite hard since the price in the metal dropped, and this can be seen when matching both charts up. Falling over £6 in under a month has clearly shown the correlated effects. And with fears over global demand, it will be interesting to hear what is said in its market update on Wednesday. Capital Spreads quotes 1,637.1p-1,640.9p
Last week’s announcement that Marks and Spencer is receiving a £1m fine for failing to protect staff and customers from asbestos could affect the retailer’s trading update on Wednesday. Investors will be eyeing up the review, and hopefully the array of advertising campaigns and new products that have been announced may redeem the company. Capital Spreads quotes a price of 324.4p-325.0p
Apple’s shares responded with a rally at first following the sad news of the passing of Steve Jobs, but that petered out around the $383 level and has since dipped to around $370. Although the general trend since the 20 September highs is pretty rotten, the 100 day Simple Moving Average at $365 should offer some support and an opportunity to nibble at some Apple. Spread Co offers a spread on Apple of $370.72-$371.35
Shares in Burberry have fallen away from highs of above £16 back in July, but it seems the stock is back in fashion with spread betters, who were buying last week in anticipation of positive results on Wednesday. 20 per cent earnings growth is predicted for the year, which helped to lift the stock back towards £12.50 on Friday.
Spreadex has a Burberry, Rolling price of 1,238.7p-1,242.3p