Spreads and stocks broker IG Group Holdings (LSE:IGG) has been a losing trade lately, its share price trading 18% lower than a year ago. This morning's update has done little to change that, with the share price creeping up just 0.92% time of writing. However, management remains confident of a bright future, and things might soon start turning back in its direction.
Over the years, I've come to realise that one of the biggest mistakes that retail investors make is failing to take account of dividend sustainability and growth. A company may have been generous with its shareholder payouts in the past, but if circumstances change, will it be able to afford to pay future dividends? Likewise, will it be able to increase payouts over time?
Markets were mixed on Tuesday, ahead of the Fed's policy announcement expected later today. London opened slightly higher, with the FTSE 100 up 0.52% to 7253.28 at 8:30 a.m. Asian shares were supported somewhat by record highs on Wall Street on Monday.
Japan's Nikkei surged 1.5%; MSCI's Asia Index dropped 0.1%. The Shanghai Composite was flat and the Hang Seng was little-changed.
Wall Street closed with record highs on Monday. The Dow Jones Industrial Average rose 63.01 points, or 0.28%, to 22,331.35.
Northgate announced on Tuesday that its fixed-term offer was seeing European success.
The overall growth in closing vehicles on hire of 1,600 in the four months to 31 August 2017. This compares to an overall reduction of 500 vehicles over the same period last year.
Spain has grown strongly with progress in both fixed term and flexible rentals. In the UK, we are starting to see the positive impact from self help actions with a substantially lower rate of VOH decline than last year and a good relaunch of the new fixed term proposition in September.