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Big News
Just Eat chief executive resigns amid pressure from US shareholder
Thursday 24 Jan 2019We believe the reign of online delivery platform Just Eat’s ( JE. ) chief executive officer Peter Plumb may have been cut short following pressure from US shareholder Cat Rock Capital. Plumb, who is leaving with immediate effect after less than 18 months in the role, was under fire from Cat Rock,...
Royal Bank of Scotland in buyback surprise
Thursday 24 Jan 2019Investors in Royal Bank of Scotland ( RBS ) got a pleasant surprise last week when the company slipped out a seemingly routine regulatory news release. In its ‘Notice of GM’ (general meeting) the bank said it would propose a special resolution asking shareholders for permission to buy back shares...
What Theresa May’s historic Brexit defeat means for markets
Thursday 17 Jan 2019In the immediate aftermath of the devastating defeat of Theresa May’s Brexit plan in the House of Commons on 15 January sterling, the key market barometer on Brexit, went up in value. Investors will have priced in a vote against the deal, which was widely predicted across the board, but the scale...
Gambling stocks under pressure on threat of further regulatory clampdown
Thursday 17 Jan 2019A potential clampdown on using credit cards to gamble in the UK and a possible ban on online gambling in the US may put UK-listed gambling companies under even more pressure this year. Gambling companies have been struggling with an intense regulatory clampdown both overseas and in the UK as...
Updates from recruiters imply resilient UK jobs market ahead of Brexit
Thursday 17 Jan 2019We have a better picture of how the UK jobs market looks as we approach Brexit now that all three big UK-listed recruitment firms have reported quarterly results. At Hays ( HAS ) , the UK’s biggest recruitment firm, UK net fee income was up 3% in the most recent quarter, the same rate as the...
BooHoo, JD Sports, Flybe and other recent news
Thursday 17 Jan 2019Festive updates from the retail sector continued to trickle in with JD Sports Fashion ( JD. ) and BooHoo ( BOO:AIM ) joining the list of Christmas winners in the sector. The update from JD on 14 January didn’t break out the Christmas period but said like-for-like growth remained ‘consistently...
Is IAG putting dividend at risk with Norwegian Air pursuit?
Thursday 10 Jan 2019Investors attracted to British Airways-owner International Consolidated Airlines ( IAG ) for its near-5% dividend yield could face a dividend cut if its acquisition of Norwegian Air goes through. Analysis by investment bank Citi says the ratio of free cash flow compared to the dividend would fall...
Sky-STV deal throws spotlight on potential ITV profit boost
Thursday 10 Jan 2019At the start of this week STV ( STVG ) and Sky announced a five-year deal giving Sky customers in Scotland access to STV’s programming in full HD for the first time. This has direct relevance to ITV ( ITV ) , as we now explain. STV shows will also be available on catch-up using STV Player on Sky Q...
Dunelm, Gear4Music, Morrisons and more news from the past week
Thursday 10 Jan 2019The amount of corporate news has been fairly limited since the Christmas break as investors await festive trading updates with some trepidation. So far Next ( NXT ) and Dunelm ( DNLM ) have been particularly well received by investors and Gear4Music ( G4M:AIM ) has been the biggest shocker...
Founder wants back in at Athelney investment trust
Thursday 10 Jan 2019Veteran investor Robin Boyle, the founder and former managing director of small cap focused Athelney Trust ( ATY ) , wants back in at the trust he founded in 1994. Boyle has called a shareholder meeting (22 Jan) to restructure the board and restore him to his former roles as managing director and...