As we await the results of today’s historic ‘Brexit’ referendum, I’d like to share with you a piece by Investing.com Senior Editor Clement Thibault on what he sees the main impact on of the Brexit will have on the London Stock Exchange. Thibault feels that the FTSE 250 will be hit much harder than the FTSE 100.
“Recent analysis from Credit Suisse reports that components of the FTSE 250 earn, on average, about 50 percent of their revenue in the UK, leaving these companies much more exposed to domestic headwinds, as compared to the larger-cap FTSE 100,” Thibault wrote.
Goldman Sachs has highlighted 10 companies which they believe could be heavily damaged by Brexit; Nine, including Bovis Homes (LON:BVS), Persimmon (LON:PSN) and Intu Properties (LON:INTUP), operate in the Real Estate industry. The tenth, Travis Perkins (LON:TPK), is in the building supply and construction business. None of this is surprising, considering their domestic exposure. Therefore, while the FTSE 100 might be able to withstand Brexit, the hurdle could be much harder to overcome for FTSE 250 companies.”
Below is our 13F roundup for some high profile hedge funds for the three months to the end of March 2021 (Q1). Q1 2021 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt holdings. They also only include US equity holdings. Funds may hold Read More
We have also created the below comic that we would love for you to use within any commentary that you provide. Latest polls indicate the Remain EU camp will win, as depicted in the comic: