The bottom 5 are unchanged, however London Stock Exchange are trying their best to get off the bottom scoring a 4.7% gain this week, the 3rd highest for the league.
The biggest scorer this week though was Rio Tinto (Ticker: RIO), with 6.6%, thanks to rising copper prices and their Lithium inspired greener future. Full Story
Next was Glencore (GLEN) who are pushing to take back their ‘top of the league’ status. A 5.3% gain compared to the leaders 3.7% puts them shooting range. Their gain was thanks again to good mining industry news but can they hold on to it with a potential troublesome annual group meeting later this month where they are putting forward new pay and share plans?
National Grid (NG) dropped a couple of places to 15th after a slightly negative week, only worsened by HSBC (HSBA) who are focussing effort in Asia (with top leadership being relocated to Hong Kong) and ensuring they have no direct exposure to virtual currencies (banning new share purchases of bitcoin backer MicroStrategy within their online share-trading platform). Full Story
Due to HSBC’s growth in Asia having a positive affect on their share price previously and the huge volatility in bitcoin and virtual currencies, I will put their recent drop down (which may just be short term) to the latter of these stories.
What can SMEs take from this weeks movements?
- What was is the market heading and are you aligned? (greener future, zero carbon, sustainable etc)
- Manage expectations – whether that is customers, suppliers, share holders or other stakeholders, managing expectations is key to business success.
- Focus on the long term – decisions that may benefit your business long term may not provide short-term benefits
Now to the all important league table.
|9||Vodafone Group PLC||0.1%||11.5%|
|10||Rio Tinto PLC||6.6%||10.4%|
|11||Royal Dutch Shell A||2.0%||9.7%|
|13||Royal Dutch Shell B||1.7%||7.8%|
|14||British American Tobacco||2.0%||5.0%|
|20||London Stock Exchange||4.7%||-13.1%|
Who is going to lose it all?
Who is going to recover?
What do you think? Let us know in the comments.
Until next week.