MB Capital

Just Eat Continues to Devour Market Share

Just Eat continues to grow revenue and in-turn profit says Marcus Bullus trading director at MB Capital. The online takeaway delivery company stated pretax profit in 2016 more than doubled to GBP91.3 million from GBP34.6 million in 2015, as revenue grew to GBP375.7 million from GBP247.6 million. Revenue was boosted by a 42% increase in orders […]

US wage growth accelerates as Trump prepares to take office

Marcus Bullus, trading director at MB Capital said to expect “a lot more fireworks in the markets from the 20th January on”. “Once Trump is in the White House, politics could potentially have as much an influence on the direction of rates and markets than the underlying economy. The US, economically and politically, is about to enter […]

UK’s FTSE notches up fifth day of gains on firm financials

LONDON, Aug 10 Britain’s top equity index rose on Wednesday in its fifth straight day of gains as stronger financial stocks offset weaker energy shares which tracked a pullback in oil prices. The blue-chip FTSE 100 index rose 0.2 percent to 6,866.42 points, near its highest level in 14 months. Financial stocks added the most […]

European shares rebound after U.S data but Eutelsat plunges

The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, then swung back up to stand 0.6 percent higher following the U.S figures. The data showed U.S. retail sales in April recorded their biggest increase in a year, suggesting that the world’s biggest economy was regaining momentum after growth almost stalled […]

European shares rally after U.S data but Eutelsat plunges

LONDON, May 13 European shares rebounded from losses earlier in Friday’s session as strong U.S. retail sales data buoyed markets, although satellite company Eutelsat plunged nearly 30 percent after slashing its outlook. The pan-European FTSEurofirst 300 index had spent much of the day in negative territory, but swung back up to close 0.6 percent higher […]

Gold miners bring back some shine to Britain’s FTSE

While that raised concerns about the state of the world’s biggest economy, it also cast doubts on whether the U.S. Federal Reserve would raise interest rates by the end of 2016, and the prospect of a delay soothed some investor worries.. “With the prospect of the Fed hiking rates in June now firmly off the […]

FTSE stages mini-bounce as battered mining stocks rally

Mining stocks also surged, with Anglo American rising 11.8 percent on the back of higher diamond sales at its De Beers division, and firmer copper prices also lent support. [MET/L] MB Capital director Marcus Bullus said his outlook was positive because outside the volatile commodities sector there were solid results, such as higher profits at […]

US STOCKS-Wall St opens lower as investors assess jobs data

Marcus Bullus, trading director at MB Capital, said the August jobs data will do little to assuage investors reeling from the recent market volatility. “The August figure is an unconvincing start to the fall and will trigger even more concern in the markets about the state of the global economy.”

European shares rebound, led by UK after Conservative win

LONDON, May 8 European equity indexes rebounded on Friday, led by UK shares after election results showed Prime Minister David Cameron’s pro-business Conservatives had won a further five years in power. Broader market sentiment was also supported by a return to calm in U.S. and European government bonds as well as U.S. data that showed […]