PANTOMIME
SEASON
GROWING UP IN the 1960s
boring as Karl Marx must
I have always been a fan
have found his visit to
of the Whitehall farce
Wall Street.
genre as epitomised
So, let’s do it. Never
by the late Brian Rix
mind that the markets
who famously ‘lost his
are all over the place
trousers’ over 12,000
and Sterling is at its
times during the period
lowest point against
the shows ran.
the US dollar in the last
Over the years, I’ve
twenty months and the
lost a shirt or three on
number of permutations
sure fi re punts on the
for a likely and eventual
stock market but this
outcome from the EU
whole Brexit rigmarole
referendum are bigger
(check out synonyms for
than a big thing. As far as
pantomime) is starting to
the Euro Sterling rate is
make the old Whitehall
concerned I’m just glad
Theatre shows look as
I have a non-EU holiday
Pre & Post EU Referendum Vote
KEY CHANNEL INDICATORS
www.commsbusiness.co.uk
COMMS NEWS
booked for 2019 but, as
ever, exporters won’t be
complaining too much.
June 2018 was the
post-referendum high
watermark for both
the FTSE 100 and 250.
Since then they have
declined 12% and 16%
respectively and current
business uncertainty
is not likely to improve
matters in the short term.
Only Gamma appears
to be defying the market
now at nearly double the
value of its June 2016
price.
Indicator 23 Jun 12 Dec Change Change %
FTSE 100 6,338 6807.00 469.00 7.40%
FTSE 250 17,333 17653.00 320.00 1.85%
BT 439.70 252.25 187.45 -42.63%
Vodafone 217.90 162.50 55.40 -25.42%
TalkTalk 226.60 114.00 112.60 -49.69%
Gamma 440.50 860.00 419.50 95.23%
£/$ 1.487 1.252 0.235 -15.80%
£/€ 1.307 1.106 0.201 -15.38%
CITY TALK
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KCOM_Fastest4_2019_CommsBusi_stripads.indd 2 18/12/2018 16:59:40
BY IAN HUNTER
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