Not a great week for most this week with only a few gains surpassing 1%. This was great news for Glencore who at 0.7% for the week regained top spot after Anglo American‘s 4% loss.
Lloyds Banking (LLOY) were the biggest scorers with 3.3% pushing them into the over 30s club for the year so far and widening the gap between them and 4th. Benefitting from the positive Covid news and further relaxation of lockdown rules for the UK, an improving economy means more business for Lloyds.
Diageo (DGE) are back on the climb gaining a few spaces with a 1.9% gain. Positive financial news in forecasts and share buy-backs along with their CEO Ivan Menezes being crowned ‘EMpower Executive Role Model 2021’ and pushing their company to become one of the world’s most diverse has meant a good week with good prospects for the year. Full Story
BHP Group (BHP) had a worse week than Anglo, letting 4.7% slip, however the losers of the week were Rio Tinto (RIO) with a big 6.1% loss.
The BHP drop may just be a bump in the road (taking them back to where they started the month), especially with their triple loaded bottom line improvements – increases in iron ore and copper prices, efficiencies through smart technology and further reduced costs through lowering debt. Full Story
Rio Tinto however, went for the opposite approach to Diageo’s week with their CEO to step down after news of the destruction of 46,000-year-old Juukan Gorge rock shelters to make way for an iron ore mine. No awards here and possibly no £7M bonus after shareholders voted against it. Full Story
What can SMEs take from this weeks movements?
- If you are going to make the news, do it for the right reasons!
- What 3 things can you do to improve your bottom line?
- Don’t expect a straight line of growth – there will be ups and downs brought on internally or externally.
Now to the all important league table.
|6||Vodafone Group PLC||-0.6%||16.6%|
|10||Rio Tinto PLC||-6.1%||12.2%|
|11||Royal Dutch Shell A||-0.9%||9.2%|
|13||Royal Dutch Shell B||-0.7%||7.9%|
|15||British American Tobacco||-0.2%||4.6%|
|20||London Stock Exchange||0.3%||-20.2%|
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.