Pre-AGM announcements today from Redrow and Galliford Try: knock me down with a feather!
By Chris Bailey | Friday 11 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Judging by the move of most equity and bond markets over the last day or so, yesterday’s slightly lower than anticipated CPI numbers in the US excited the average investor. However, as shown by today’s UK Q3 GDP numbers, economic life remains tricky even before we talk about geopolitics, debt or crypto madness. It remains clearly an active investment world that has plenty of opportunities and threats, which is great news for boring stock pickers like me and less good news for “buy a bit of everything” passive funds.
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