magazine archive
magazine archive
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UK metal bashers are facing uncertainty as Brexit looms
Thursday 08 Nov 2018It is becoming increasingly apparent there are high stakes for UK engineering and industrial companies if Brexit talks fail to smooth trade routes between the UK and the EU. Businesses including FTSE 250 constituents IMI ( IMI ) , Bodycote ( BOY ) , Spirax-Sarco ( SPX ) and Vesuvius ( VSVS )...
Trustpilot IPO could provide big bucks exit for seed backer Draper Esprit
Thursday 08 Nov 2018Business reviews platform Trustpilot is believed to be mulling over a stock market flotation as it looks to raise extra growth funding, an event that could provide a mega-profit exit for Draper Esprit ( GROW:AIM ) , the UK venture capital investor. Draper has been backing Trustpilot for several...
Living wage increase: which stocks are most impacted?
Thursday 08 Nov 2018Consumer-facing firms in the restaurant, leisure and hotel sectors could be worst affected by a 4.9% increase in the national living wage to £8.21 next April, as announced in last month’s Budget. Canaccord Genuity Wealth Management has used its in-house research tool to identify listed businesses...
Investors see value in emerging markets
Thursday 08 Nov 2018A third quarter survey from investment professionals body CFA UK shows institutional investors are seeing increasing value in emerging market shares following a widespread sell-off earlier in 2018. Emerging market equities are seen by 53% of respondents as being undervalued, up from 42% in the...
Why isn’t the oil price surging on Iran sanctions?
Thursday 08 Nov 2018Oil prices appear to be struggling for direction despite the renewal of US sanctions on Iran. The market had previously expected this event to be a major catalyst for crude prices. Iran was among the factors which helped lift oil prices to multi-year highs above $85 per barrel in early October...
Is Restaurant Group paying too much for Wagamama?
Thursday 01 Nov 2018Shares in Frankie & Benny’s operator Restaurant Group ( RTN ) fell nearly 14% on 30 October amid concerns it is overpaying for the acquisition of Asian fusion chain Wagamama, plus dilution relating to a rights issue to help fund the deal. The £559m price equates to 13.3 times EV/EBITDA (...
The stocks and sectors affected by the Budget
Thursday 01 Nov 2018Chancellor Philip Hammond’s last Budget before Brexit is being sold in some quarters as the biggest giveaway from the Treasury since 2010. The financial market response to Hammond’s apparent spending splurge was modest, perhaps reflecting a view this could all be subject to change in the event of a...
The rug has been pulled from under carpets group Victoria
Thursday 01 Nov 2018High-flying floor coverings maker Victoria ( VCP:AIM ) has shocked the market with a very negative trading update which has triggered a 31% slump in its share price to 418p. Operating margins at the carpets distributor-to-flooring underlay group are tracking below expectations as it cuts prices to...
The key takeaways for retirement investors in the Budget
Thursday 01 Nov 2018For retirement investors Chancellor Hammond’s big Budget statement was something of a damp squib – and that is no bad thing. This is probably exactly how ‘Spreadsheet Phil’ wanted it, with all focus on his big decision to increase the personal allowance to £12,500 and the higher-rate income tax...
Market volatility comes back to haunt investors
Thursday 01 Nov 2018Market volatility has spiked again with the indices in the US and China serving up 3% intra-day declines in the past week. This is reflected in the VIX (Chicago Board Options Exchange Volatility Index) which measures market expectations of short-term volatility by looking at the prices of a wide...