magazine archive
magazine archive
Big News
Has Royal Mail delivered for investors?
Thursday 23 Mar 2017Three-and-a-half years after joining the stock market, it is time to reappraise the high-profile listing of Royal Mail ( RMG ) . The privatisation of the UK postal service was seen as being in the same vein as those of British Gas and British Telecom back in the 1980s and led to huge demand among...
Investor makes £2bn move on Anglo
Thursday 23 Mar 2017Vedanta Resources’ ( VED ) majority shareholder is to invest up to £2bn in shares in FTSE 100 miner Anglo American ( AAL ) . Volcan Investments is the family investment vehicle for Vedanta’s chairman Anil Agarwal. It will buy the shares on the open market over the next few weeks. Volcan says it...
Watch NHS risk with Medica
Thursday 23 Mar 2017Teleradiology business Medica ( MGP ) is making a strong start to life as a public company. The shares rallied more than 30% after its £121m IPO on Tuesday (21 Mar) but investors should do their research before riding this momentum. Medica uses consultant radiologists to interpret computerised...
AstraZeneca to take a dose of Circassia
Thursday 23 Mar 2017FTSE 100 drugs giant AstraZeneca ( AZN ) is to become a 14.3% shareholder in small cap speciality pharma business Circassia ( CIR ) . The latter is buying US commercial rights to two products from AstraZeneca in a cash and shares deal. AstraZeneca will displace Touchstone Innovations ( IVO ) as the...
Cheap mortgages could free up cash for investing
Thursday 23 Mar 2017A sudden decline in mortgage costs could benefit anyone trying to find ways to put more cash into their savings and investments. Individuals taking out a new mortgage or simply remortgaging could get a great deal over the coming weeks, potentially leaving more money in their pocket for other things...
Segro hopes for Heathrow boost
Thursday 16 Mar 2017Recent events at industrial properties landlord Segro ( SGRO ) are a double-edged sword for investors. The full takeover of a portfolio of properties which includes cargo facilities at Heathrow airport looks a sensible move. However, a £556m one-for-five rights issue provides more than Segro needs...
Sturgeon fires starting gun on Scots independence push
Thursday 16 Mar 2017Investors have even more to think about at the macro level as Scottish first minister Nicola Sturgeon has announced (13 Mar) her intention to seek a second independence vote in 2018 or 2019. The move appears to have delayed the triggering of Article 50 – formerly starting the Brexit process – until...
Where next for Bovis after marriage proposals?
Thursday 16 Mar 2017Don’t be tempted to chase Bovis Homes ( BVS ) shares higher after a surge on takeover interest (13 Mar) to 900p. For the really big housebuilders, organic expansion through land acquisition is already delivering strong returns and this removes the rationale for any deal. Unsolicited merger offers...
Who should you buy in oil services after Amec merger?
Thursday 16 Mar 2017Investors looking for other undervalued opportunities in the oil services sector after Amec Foster Wheeler ( AMFW ) agreed to a $2.7bn merger with Wood Group ( WG. ) (13 Mar) could consider maintenance vessel provider Gulf Marine Services ( GMS ) . A discounted valuation reflects a stretched...
Gold miner eyes profit even at low metal prices
Thursday 16 Mar 2017Hummingbird Resources ( HUM:AIM ) is confident it can make a decent profit even if gold falls to $1,100 per ounce, as was threatened in late 2016. The miner estimates its all-in costs for running the Yanfolila gold mine in Mali will be in the region of $695 for every ounce of gold it produces. The...