magazine archive
magazine archive
Big News
Will new float Manolete be the next Burford Capital superstar stock?
Thursday 06 Dec 2018Investors who missed the 18-fold rise in Burford Capital’s ( BUR:AIM ) share price between March 2014 and October 2018 may be interested to know there will soon be another litigation finance company on the stock market. Manolete Partners is hoping to float on 14 December, raising £16.3m in new cash...
May to (eventually) get her way on Brexit, predicts investment bank
Thursday 06 Dec 2018Theresa May’s deal is still the most likely Brexit outcome, even if it takes a second vote to pass, according to analysis by investment bank Berenberg. The Brexit question remains one of the UK’s most contentious political decisions in a generation, and the outcome is still very much up for grabs...
Woodford Patient Capital Trust: analyst says ‘buy now’
Thursday 06 Dec 2018Stifel analyst Iain Scouller believes now is the time to buy investment trust Woodford Patient Capital Trust ( WPCT ) , trading on a 13% discount to net asset value (NAV) and which was heavily out of favour until a few months ago. Scouller says the long wait may be over for investors with many...
Glaxo, Kier, Intu, Thomas Cook and other news
Thursday 06 Dec 2018Pharmaceuticals giant GlaxoSmithKline ( GSK ) suffered a big fall in its share price on 3 December after announcing the $5.1bn acquisition of US cancer drug maker Tesaro. Glaxo offered a premium of 62% to Tesaro’s previous closing price; shares in the latter have been weak amid doubts over the...
Is the UK addicted to paying on plastic?
Thursday 29 Nov 2018The latest monthly figures from UK Finance, a trade association, show that as a nation we are relying increasingly on credit cards rather than cash or debit cards to cover our everyday outgoings. Spending on credit cards issued by high street banks hit £11.3bn last month, an increase of 12% on...
Faroe rejects takeover bid and Amerisur secures farm-out
Thursday 29 Nov 2018The decision of Faroe Petroleum ( FPM:AIM ) to reject a hostile takeover bid from 28% shareholder DNO (26 Nov) reflects the lack of generosity in the initial 152p cash offer. While this represented a 20% premium to the price at which the shares traded before the bid emerged, it is materially lower...
Sun shines on UK solar funds
Thursday 29 Nov 2018The summer’s sweltering temperatures may have played havoc with tour operators’ holiday bookings but it has done wonders for the UK’s growing solar power industry. The three months to 30 September was the sunniest third quarter in the UK since 2006, according to data from the Department for...
Indivior, Centrica, Greggs and more big news from the past week
Thursday 29 Nov 2018Shares in Indivior ( INDV ) have more than halved in value since 20 November and are now trading at an all-time low of 96.52p thanks to a court injunction being lifted on rival Dr Reddy’s Laboratories. The latter is trying to launch a generic version of Indivior’s opioid treatment, Suboxone...
Thomas Cook hurt by debt and trading problems
Thursday 29 Nov 2018Travel agent Thomas Cook ( TCG ) has a long and proud history but this famous British brand, once a regular constituent of the FTSE 100, appears to be facing a much bleaker future. On 27 November the company delivered its second profit warning in a matter of months. A toxic mix of weak trading and...
BTG, Smiths, AstraZeneca and more news over the past week
Thursday 22 Nov 2018Shares in FTSE 250 global healthcare business BTG ( BTG ) have soared by 34% to 823.2p after receiving a £3.3bn takeover offer from US rival Boston Scientific. The suitor is interested in BTG’s interventional medicine platform, pharmaceutical and licensing businesses. Engineering conglomerate...