The FTSE 100 got off to a poor start on Monday, finishing the session down over 0.8%. Companies in the Mining sector were among the largest losers, as falling metals prices weighed on performance. Gold was particularly notable, with the precious metal’s price dropping 2.1% over the session. Other sectors lower on the day included food retailers Sainsburys, Morrison and Tesco, which were all out of favour as supermarket Lidl announced plans to double the number of stores in the UK. This came on the same day as broker downgrades to Tesco, with analysts questioning its longer term pricing strategy.
Full article – Week In Perspective – 6th December 2013 (PDF)
The information contained in this report represents an impartial assessment of the value or prospects of the subject matter. Graphs, performance data etc are as at the close of business on the day preceding the date of the note. The information contained in this report has been taken from sources disclosed in this presentation and is believed to be reliable and accurate but, without further investigation, cannot be warranted as to accuracy or completeness. The opinions expressed in this document are not the views held throughout Brewin Dolphin Ltd. No Director, representative or employee of Brewin Dolphin Ltd. accepts liability for any direct or consequential loss arising from the use of this document or its contents. We or a connected person may have positions in, or options on, the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such securities from time to time. In addition, we reserve the right to act as principal or agent with regard to the sale or purchase of any security mentioned in this document. For further information, please refer to our conflicts policy, which is available on request or can be accessed via our website at www.brewindolphin.co.uk. The value of your investment or any income from it may fall and you may get back less than you invested. Past performance is not a guide to future performance. If you are in any doubt concerning the suitability of these investments for your portfolio you should seek the advice of a qualified investment adviser. Brewin Dolphin Ltd, a member of the London Stock Exchange, authorised and regulated by the Financial Services Authority.
Registered office: 12 Smithfield Street London EC1A 9BD. Registered in England and Wales no 2135876.