Portfolio Review

Markets fall as Europe takes to the polls

May 5th, 2012

Elections in the UK on Thursday, swiftly followed by general elections in Greece, French presidential election and local elections in Italy and Germany caused a significant sell off of European equities on Friday leaving almost all major indices down by the close. Investors concerned over fears that the incumbent parties, looking to implement austerity measures, may be unseated by opponents promising to spend more which could exacerbate the sovereign debt crisis.

Our own portfolio struggled this week with major losses for Fenner, Cookson and BG while BATS continues to hover around the stop loss figure. Once again it was down to Diageo to buck the trend with a gain of 1.59 after good Q3 results.

Latest Closing Prices

Company News

HSBC to transfer US mortgages

May 13th, 2012

HSBC’s US subsidiary will see PHH Mortgage Corporation manage its mortgage-processing and servicing operations as part of a new strategic relationship.
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Nomura still rate HSBC a buy
May 9th, 2012

HSBC first quarter profits down
May 8th, 2012

BG - Read the small print
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Broker Updates: Fenner, HSBC
May 4th, 2012

Diageo net sales up 6%
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