TD clients develop eye for fashion

Stuart Welch, CEO, TD Direct Investing comments: "As London Fashion Week commenced TD clients showed a keen eye for fashion as they turned their attentions to Burberry Group plc (BRBY), which entered the buys table in second position. TD clients appeared to take advantage of Burberry's lower share price, which opened 249p down to start the week ending Monday 17 September at 1,126p, after the fashion house cautioned investors to expect full-year profits to be at the lower end of forecasts. Meanwhile, the FTSE 100 finished 100 points higher than the previous week, closing Monday (17 September) at 5893.52.

"Besides Burberry there were an additional four new entrants to our tables this week, with Falkland Oil & Gas Limited (FOGL) moving up the buys table to take pole position while entering the sells table in fourth place with a buy:sell ratio of  1.3:1. Following news that drilling operations at Falkland's Loligo well had been delayed, the oil and gas company announced that the Loligo exploration had hit gas not oil, causing the share price to fluctuate, but finish higher than the previous week at 75.90p on Monday (17 September).

"Elsewhere, Barratt Developments plc (BDEV) entered the buys table in 10th position, after announcing its full-year profits rose by 159% to £111m, while revenues were 14% higher at £2.3bn. However, the developer said it will not pay an annual dividend to shareholders, causing the share price to drop to a four-month low of 156p on Wednesday (12 September), before recovering to close on Monday (17 September) at 173p."

The value of your investments can go down as well as up. You may not get back all the funds that you invest.

For more information clients can log on to tddirectinvesting.co.uk.