Greggs results today and a new tradition of mandatory Greggs’ breakfast Bacon Rolls/Sausage Rolls/Vegan Sausage rolls every quarter just to get a real ‘I-know-what-this-company-is-all-about’ feel for the shares ahead of them opening. The desks reaction to their food a lot better than the -2% share price move today as cost pressures were blamed for the weakness but the good news for all is an additional 150 still in the plans to open! Slightly different format to today’s Snapshot as there was on…

Sat between an Arsenal fan and a Man United fan made for quite an interesting morning. One’s aspirations for a Premier League title saved by a 7th minute added time winner, the other’s recent ascent firmly halted in quite embarrassing style and the side arguably saved by the final whistle. Not a huge amount to shout about today and there was a sense, with the upcoming highlights on the macro calendar, that today’s session was somewhat saved by the final whistle, not wanting to move a great deal…

“Will there be any companies left in the UK at this rate?” I asked my UK sales specialist. Plenty of M&A in the post-Brexit aftermath at lowly levels followed by a rush to be listed in the U.S. has left a somewhat depleted look. CRH the latest to call time on it’s primary London listing and shift to New York, following Fergusson last year with ARM choosing to avoid the City of London all together will come as a major blow. Its been reported that dealmakers are inundated with incoming from clien…

Sorry for the delayed Snapshot today but I’m catching up with all that’s been going on having been in to see a client about our Scaling Auction Algo. Amazing amount of work gone into it, though if you ask Phil Risley to explain the mechanics around it, you might have to push back your next meeting (or two)! As always happy to run anyone through the mechanics (as I know them) but if you want the nitty gritty then happy to set that up with the team too! The Stoxx 600 closed down 75bps on okay vol…

I for one am very happy February lasts just 28 days this year. Not wanting to wish away time (especially as I get older) but it really has been a tricky month for everyone involved with markets. A mixture of very little clarity, a lack of direction and an absence of conviction all making it extremely difficult to see the wood from the trees on a daily basis. The pattern was similar today with lots of moving parts but with risers and fallers largely offsetting, the Stoxx 600 ended the day broadl…

Yes there is a lot of faff, but a Sunday roast has to be up there with one of the best things to come out of Britain….ever? A roast chicken has to be the go to, less thrills but a classic, but if I’m feeling a bit adventurous there is nothing wrong heading down the pork belly route though it is certainly a bit trickier. Part of the joy/pain is using every single pot, pan, spoon and any other utensil you can find to then proceed to eat the roast in about 5 mins before spending an hour washing it…

It’s a new dawn. It’s a new day. It’s a new life. For me us. And I’m we’re feeeeeeeling good. Yes that’s right – a brave new dawn for Redburn as we spent yesterday busily working on our first ever ECM transaction. Joint bookrunners on an Accelerated Book Build in SigmaRoc with everything running – dare we say it? – relatively smoothly. Shares up 7% today and we did our B&D’ing (IYKYK) without any drama. “On to the next one!” barked our irrepressible head of ECM and I’d say we could get quite us…

Pancake day today and although I was sat at my desk I am told I missed the highlight which was the Inter-Livery Pancake race held across the road at Guildhall. Dressed in full regalia the members of the various London liveries competed in the pancake race and I am told it was flipping awesome. Elsewhere it caught my eye that the largest ever trial of the 4 day week found that most UK companies participating aren’t going back to the 5 day standard and are making the changes permanent. Only 3 ou…

A lot of fresh faces in the office today (and no Quicky and the Sales-trading team hadn’t been to the Spa over the weekend) as we welcomed a number of enthusiastic and talented students who were looking for a summer internship position at Redburn. It’s always nice to see the next cohort eager to impress, with a willingness to listen and learn about what we do, though I’m not sure they were expecting to be asked the quick fire question “who would you most want to be stuck on a desert island with…

Is it me or has this week already been 8 days long? Contemplating asking Quicky if there is still time to buy any extra holiday this year because I’m currently struggling to see how it is not Saturday yet. A strange combination of lots happening but also nothing happening all at once felt at play for most of the day. To give an idea of how choppy things have been, the S&P 500 has had 12x 1% moves in the last 7 days and we are exactly where we started! For weeks the market has taken everything i…