Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.60 -0.97% 61.00 32,832 13:26:25
Bid Price Offer Price High Price Low Price Open Price
61.00 63.20 61.60 61.00 61.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 403.56 21.00 5.05 12.1 189
Last Trade Time Trade Type Trade Size Trade Price Currency
13:04:20 AT 3,000 61.00 GBX

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06/7/202211:45Swiss Franc/ Euro Relationship1,728
03/5/202214:22Severfield moves closer4,458
15/6/200709:01Severfield...moving up nicely...latest upgraded forecasts look good23
27/4/200509:37Severfield - The one to go for - set for Ј4.00149

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Severfield Daily Update: Severfield Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SFR. The last closing price for Severfield was 61.60p.
Severfield Plc has a 4 week average price of 59p and a 12 week average price of 59p.
The 1 year high share price is 84.20p while the 1 year low share price is currently 59p.
There are currently 309,385,897 shares in issue and the average daily traded volume is 44,844 shares. The market capitalisation of Severfield Plc is £188,725,397.17.
waldron: Https:// Short GBP/CHF on Worsening UK Fundamentals and a Motivated SNB: Top Trading Opportunities Jul 3, 2022 10:00 AM +02:00 Richard Snow, Analyst Top Trading Opportunities in 2Q The Swiss Franc has emerged as a dark horse ever since the June 16th, 2022 rate meeting. Well, that is not entirely true, the Swiss National Bank (SNB) has a long history of surprise announcements with none more surprising than the sudden removal of the EUR/CHF floor early in 2015 which sent markets into a tailspin. The one certainty of the SNB is that you can count on them to be unpredictable, and it is that unpredictability that provides an opportunity for a longer-term decline in GBP/CHF. In the June meeting, the SNB announced a shock 50 basis point to take the policy rate from -0.75% to -0.25% and the Swiss Franc strengthened into the end of Q2. There are some interesting points to note after the meeting, listed below: The SNB said the Swiss Franc is no longer highly valued due to recent depreciation. This may suggest that the SNB will intervene less in the FX market, allowing the franc to appreciate as a defense mechanism against importing inflation. Utmost commitment on lowering inflation – the SNB chairman alluded to the difficulties of lowering inflation once it passes 2%. Therefore, future rate hikes cannot be ruled out as inflation reached 2.9% at the beginning of June. These factors bode well for a strong franc. The Pound on the other hand has been tainted by the ‘stagflation’ title and was unable to shake that unfortunate tag in Q2. Growth slowdowns have been forecasted for the UK economy with recent data to support this view appearing via the March and April GDP data, revealing successive contractions of 0.1% and 0.3%, respectively. Measures of consumer sentiment have also been on the decline as energy prices soar, adding to the ‘cost-of-living squeeze’. Fiscal support has helped alleviate some of the price pressures for lower-income households, but persistent price rises are likely to continue to impact the consumer. UK retail sales for May dropped a significant 4.7% as consumers tightened their collective belts. Despite the bleak picture of the UK economy, markets are anticipating a further 150 bps worth of hiking into year-end which would leave the rate at 2.75%. Sentiment within the Bank of England (BoE) has shifted as some members of the monetary policy committee felt back in May that growth and inflation risks were more balanced. This implies that the anticipated path of rate hikes may not materialize as such, with the potential to invoke a bearish repricing in the currency (lower GBP/CHF pricing). Short GBP/CHF The latest downside momentum started with the rejection of the 1.2280 level and accelerated after the SNB rate hike. As the pair nears oversold territory, we could see a pullback. However, if this process were to be a runaway market, we may not see a significant pullback at all. There is not a long way to go before testing the significant 1.1650 level which acted as a pivot point in the past but due to everything mentioned previously, it is possible for the move to drop towards the 1.1530 level – the low after the removal of the euro peg in 2015. At a stage when the BoE has been identified as a reluctant hiker amid concerning economic projections, the SNB is only just getting started with its rate hiking cycle. Additionally, the SNB only meets 4 times a year, meaning that if inflation data remains intolerably high, we could see an emergency meeting in Q3, adding to the short GBP/CHF bias potential. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Richard Snow Analyst
adrian j boris: Foreign currencies going off Swiss central bank menu The threat of rampant inflation is forcing Swiss central bank to revise currency stance. Switzerland’s central bank is buying lower volumes of foreign currencies to support the franc as it balances the needs of exporters with the rising cost of goods. This content was published on June 30, 2022 - 13:18 June 30, 2022 - 13:18 The Swiss National Bank (SNB) shelled out CHF5.7 billion ($5.9 billion) in the foreign exchange markets in the first three months of the year. This amount is down from the CHF12.6 billion spent in the fourth quarter of 2021. The SNB has been reducing the size of its interventions over the last few years. The CHF21.1 billion spent on foreign currencies in 2021 was significantly lower than the CHF110 billion the previous year when the Covid-19 pandemic was still causing significant problems in the Alpine state. The latest statistics show that the accumulated pile of foreign currency reserves had dipped slightly to CHF959 billion at the end of May from CHF966 at the end of 2021. On June 16, the SNB raised interest rates by half a percentExternal link in response the the growing inflation threat. But the benchmark rate still stands in negative territory at -0.25%. “The current environment is subject to great uncertainty, also with regard to exchange rate developments,” said SNB chairman Thomas JordanExternal link at the time. “If there were to be an excessive appreciation of the Swiss franc, we would be prepared to purchase foreign currency. If the Swiss franc were to weaken, however, we would also consider selling foreign currency.” “We will be observing the developments closely and are prepared to take the necessary measures in every situation to ensure price stability in Switzerland over the medium term.” On June 30, the value of the Swiss franc was marginally higher than the euro. Market observers believe this marks a policy shift by the SNB, which is now confronted with the problem of keeping inflation under control. Balancing act While inflation rates in Switzerland are markedly lower than other parts of the world, the SNB has raised its Swiss inflation forecast for the full year to 2.9% - from an earlier forecast of 2.2% made in March. The strong franc is one reason that Switzerland can keep rampant inflation at bay compared to rates of 8.6% in the United States and over 9% in Britain. This is because the increased purchasing power of the franc mitigates the rising cost of imports. Credit Suisse economists expect further interest rate hikes this year and for the SNB to “most likely halt foreign currency purchases”, the banks said on Wednesday.
waldron: Https:// Swiss Franc Bolts Higher as the SNB, BoE Join the Rate Hike Party While BoJ Dances Alone Jun 17, 2022 7:00 AM +02:00 Daniel McCarthy, Strategist Swiss Franc, EUR/CHF, US Dollar, SNB, BoE, GBP/USD, BoJ, USD/JPY - Talking Points The Swiss Franc found support post SNB bombshell 0.50% hike Equities remain under pressure as risks swirl from central bank actions With the SNB joining the Fed and BoE this week, will EUR/CHF go lower? The Swiss Franc is higher as the fallout from the Swiss National Bank’s (SNB) unexpected 50 basis point (bp) rate hike continues. The Bank of England (BoE) 25 bp hike has also seen Sterling rally as the US Dollar slips. USD/CHF has put in a double top after hitting the mid-May high of 1.0050 on Wednesday. It has since collapsed below 0.9700 after the SNB’s announcement yesterday. The SNB has a storied history of unconventional changes to policy. Most famous is the abandoning of capping the rising Franc in 2015 that saw EUR/CHF go from 1.2000 to 0.8600 at a blistering pace. It then recovered back above parity, where it has mostly been ever since. The BoE was more straight up, delivering on the telegraphed 25 bp rate rise. GBP/USD is only slightly softer through the Asian session. While the US Dollar is generally under pressure elsewhere, USD/JPY galloped north after the Bank of Japan left monetary policy unchanged. Next Thursday’s inflation data there will be closely watched. A deeply negative Wall Street cash session has seen futures recover somewhat after hours. Australian and Japanese equities had a down day, but Hong Kong and mainland Chinese markets gained some ground. Industrial metals are weaker while gold is fairly steady near US$ 1,842 an ounce. Crude oil is a tad weaker with the WTI futures contract below US$ 117 bbl and the Brent contract near US$ 119 bbl. Looking ahead, after Eurozone CPI, Canada and the US will see industrial production figures. The full economic calendar can be viewed here. Introduction to Technical Analysis Moving Averages Recommended by Daniel McCarthy Start Course EUR/CHF Technical Analysis In the wake of the SNB’s rate hike, EUR/CHF collapsed below an ascending trend line to fall back inside a broad 4-month range of 0.9973 – 1.0515. The move down bounced off a break point at 1.0132 and closed above a previous low of 1.0189 and these levels might provide support. A double top was put in place last week when the price was unable to break above last month’s peak of 1.0515. On the topside, resistance could be the simple moving average (SMA) or the previous highs of 1.0478 and 1.0515. EURCHF CHART Chart created in TradingView --- Written by Daniel McCarthy, Strategist for To contact Daniel, use the comments section below or @DanMcCathyFX on Twitter
sarkasm: Switzerland Further Marks Down 2022 Growth Outlook Amid Ukraine War, China Lockdowns 06/15/2022 | 04:50am EDT (MT Newswires) -- The Swiss government's expert group further reduced its gross domestic product growth forecast and raised its inflation estimates for 2022, as the impact of the war in Ukraine and lockdowns in China continue to dampen prospects for a recovery. The State Secretariat for Economic Affairs said Monday the government body lowered its growth forecast for 2022, adjusted for sporting events, to 2.6% after previously reducing it to 2.8% from 3% in March. However, the federal economists expect the GDP growth to remain above average as the economy rebounds from the COVID-19 impact. The outlook was marked down more than a month after the International Monetary Fund said it forecasts Switzerland's growth to ease to 2.25% in 2022 following a 3.7% economic expansion a year before. Meanwhile, KOF Swiss Economic Institute earlier lowered its expansion forecast to 2.5% from 2.8% for 2022. Switzerland predicts that the Ukraine war may have a more severe impact on its economy than previously anticipated after the conflict pushed up prices of Russian and Ukrainian exports, such as energy resources, food staples and animal feeds. The price increases also cooled demand from major Swiss trading partners, SECO said. On the inflation front, the expert group expects the 2022 rate to rise even further to 2.5%, compared with its previous forecast of 1.9%, assuming a negative knock-on effect on consumer spending. Expectations for unemployment remain unchanged at 2.1% for 2022. For 2023, Switzerland reduced its economic growth prediction to 1.9% from 2%, based on its assumption that economic activity will normalize to pre-pandemic levels in the second half of 2022 and inflation and supply chain disruptions will ease. Unemployment is estimated to decline further to 2% in 2023, unchanged from the prior outlook, while inflation is set to ease to 1.4%, compared with an earlier forecast of 0.7%.
waldron: Https:// SWISS FRANC FUNDAMENTAL BACKDROP Fridays U.S. CPI beat reignited dollar bets causing USD/CHF to test May swing highs. This data print was a key indicator to gauge whether the U.S. economy has peaked (in terms of inflation) after April’s decline. Both core and headline figures surprised markets and reinforced the inflation rhetoric leaving the Federal Reserve with little choice but to continue on its hawkish path. With the U.S. in a relatively strong economic position relative to its European counterparts, the economy can withstand a steeper rate hike trajectory to tackle inflationary pressures. While oil prices remain supported, I do not see inflation lessening and is also apparent in the Swiss market. Currently the Swiss National Bank (SNB) has adopted a fairly neutral/dovish approach but with inflation rising above 2% in May, money markets are looking to a potential rate hike this coming week with roughly 20bps priced in at the moment. Should the SNB avoid tightening, we could see price action similar to the Japanese Yen (JPY) particularly against those currencies whose central banks are raising rates.
grupo guitarlumber: Https:// Swiss households braced for 20% electricity price hike Government wants to buy fighter jets without public vote
adrian j boris: 1 EUR = 1.0473 CHF The Euro to Swiss Franc exchange rate (EUR CHF) as of 16 May 2022 at 9:24 AM. IF Euro-Zone Pessimism Overdone, COULD SFR GET WEAKER
grupo guitarlumber: swissinfo Swiss central bank rejects ‘creative̵7; demands to change course The Swiss National Bank (SNB) continues to beat off demands to fight inflation by raising interest rates and to distribute more reserves to cantons and other causes. This content was published on April 29, 2022 - 13:48 April 29, 2022 - 13:48 SNB president Barbara Janom Steiner showed signs of frustration in a speech on Friday that defended the policies of the central bank. “There are ever more varied proposals – and indeed, increasingly, demands – for potential uses to which the SNB’s assets or profits might be put,” she said “There is understandably no limit to the creativity exhibited by the authors of such proposals. I believe, however, that it would be anything but a good idea to meet these demands.” At present, the Swiss National Bank (SNB) distributes up to CHF6 billion ($6.5 billion) between cantons and the federal government during profitable years. The SNB made a 2021 profit of CHF26.3 billion ($27 billion). But there have been calls for this contribution to be raised and for reserves to be put to use in other areas. In February, trade unions launched a proposed people’s initiative to raise this total to up to CHF10 million, with the excess being used to fund pensions. Steiner said the “increasingly worrying” list of demands “would at best render the fulfilment of the SNB’s mandate more difficult, and at worst endanger it.” The central bank is charged with helping to control the price of consumer goods whilst keeping the value of the Swiss franc in check. She also pointed out that future profits are at the mercy of global developments, such as inflation and equity markets. This has been evidenced by an estimated CHF32.8 billion loss for the central bank in the first three months of this year. Inflation under control Balancing the twin goals of price and currency stability has driven monetary policy towards maintaining a -0.75% interest rate, said SNB chair Thomas Jordan. The rate of inflation rose to 2.4% in March, having risen at a gentler momentum of 0.6% during the whole of last year. The Russian invasion of Ukraine has only raised fears of further inflation in energy and food prices. On Friday, Swiss gas company Energie 360° said the conflict has contributed to an 84% rise in gas prices in the last six months. But Jordan pointed out that inflation is higher in other countries and said that the corresponding strengthening of the franc against a range of currencies had to some extent negated the impact of rising prices. This is because the strong franc gives Switzerland greater purchasing power for imported goods. “Allowing the appreciation [of the Swiss franc] helped us to keep inflation comparatively low in Switzerland,” he said. “Inflation is likely to return to the range compatible with price stability in the foreseeable future. Thus far we have seen hardly any indication of a broad spillover of the rise in commodity prices to the prices of other goods and services,” he added. The SNB expects inflation in Switzerland to average out to 2.1% in the course of this year and to decline again in 2023 and 2024.
waldron: Https:// OctaFx Analyst Team EUR/CHF retreats after the dovish SNB interest decision ANALYSIS | 3/24/2022 1:47:31 PM GMT The price of crude oil held steady on Thursday as several of the most respected oil traders warned that the price could soar to $200 a barrel. In a statement to FT, Pierre Andurad, a well-known oil trader said that he expects prices to rise to as high as $250 this year. Similarly, Doug King, the head of RCMA Merchant Commodity Fund warned that this trend is not transitory. He expects that prices will keep rising this year. Just last week, the head of Trafigura said that sanctions will lead to a loss of as much as 3 million barrels of oil per day. Trafigura is one of the biggest oil trading companies globally. The Swiss franc strengthened against the US dollar after the latest decision by the Swiss National Bank (SNB). The bank decided to continue with its ultra-expensive monetary policy by leaving rates unchanged at -0.75%. The bank also committed to conducting regular interventions in a bid to prevent the currency from strengthening. In 2021, the bank spent over $21 billion in interventions, which involves selling the franc. It also continued its view that the currency is still overvalued. The UK and European economies are doing modestly well even as a war continues in Ukraine. According to Markit, the European Union’s manufacturing and services PMI was at 57 and 54.8, respectively in March. In the UK, the PMI declined from 58.0 to 55.5. Other countries like Germany and France also had strong PMIs. Manufacturers and service providers were generally optimistic about business prospects as the impact of the pandemic wanes. However, there is a general dissatisfaction because of the rising cost of doing business. EUR/CHF The EURCHF pair retreated after the latest SNB decision. It managed to move to a multi-week low of 1.0232. As a result, the pair has moved below the important support 1.0268. It is also slightly above the parity level of 1.00. The pair has also dropped below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has been heading downwards. Therefore, the pair will likely keep falling, with the next target being at parity. fxsoriginal
steelwatch100: BILN shares up 12% on results. SFR share price seem a bit stagnent at moment, no chatter going on, any reason.
Severfield share price data is direct from the London Stock Exchange
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