Weekly outlook: Facebook, Apple, Amazon, Alphabet and Tesla results; Fed policy decision
The key events for UK wealth managers for the week starting 26 April
Monday 26 April
– In the UK, United Oil & Gas final results
-In the UK, Lok’n Store interim results
-In the UK, trading update from Pearson
-In Europe, quarterly results from Philips and Michelin
-In the US, quarterly results from Tesla and NXP Semiconductor
Tuesday 27 April
-BP quarterly results
Despite Europe Brent crude oil prices trebling over the past year, BP’s shares are almost unchanged.
The stagnant share price performance may “reflect investor scepticism that BP can juggle its cashflows to the point whereby it can maximise value from its current hydrocarbon assets, invest effectively in renewable and alternative energy sources and pay out healthy dividends”, according to AJ Bell investment director Russ Mould.