magazine archive
magazine archive
Big News
Investors shift focus to defensive stocks
Thursday 23 Aug 2018Although the FTSE 100 is only slightly down year-to-date, it is fair to say that 2018 has been punctuated by some fairly volatile trading days. On 25 June the index saw its biggest one-day fall since April 2017 as trade war fears escalated and on 15 August a dive in copper prices saw the market hit...
Pressure on corporate brokers implies potential wave of M&A
Thursday 23 Aug 2018Many stock market-listed corporate brokers are under pressure thanks to new regulation called MiFID II which is affecting demand for their equity research. Before the new regime, brokers could pack their company research into the whole offering they provide to what’s called the ‘buy side’,...
Trump attacks the US Federal Reserve
Thursday 23 Aug 2018US president Donald Trump, in a further break with convention, is being publicly critical of the pace of rate hikes being driven through by the US Federal Reserve. This is putting the dollar under some pressure and if Trump’s clamour becomes more consistent, weakness in the US currency could...
London hoteliers set to report bumper numbers following July heatwave
Thursday 23 Aug 2018The benefits of the recent heatwave attracting visitors to London could soon be reflected in results from several quoted hotel operators with sites in the Capital. Revenue per available room (RevPAR) increased by a record 9% to £156.15 in July, according to data from industry specialist STR. That...
Esure snapped up by Bain Capital
Thursday 16 Aug 2018Motor and home insurer Esure ( ESUR ) is set to be taken over after agreeing to an all-cash offer made by private equity house Bain Capital. The offer values Esure at £1.2bn as Bain made the offer at a 37% premium to Friday’s closing price of 204p, or 280p per share in other words. Kamran Hossain,...
More in the tank for TT Electronics as it scales value chain
Thursday 16 Aug 2018An acquisitions spree designed to drag TT Electronics ( TTG ) up the value chain is paying off with operating profit margins soaring beyond analyst expectations. In half year results to 30 June the electronic components business reported profit margins of 7.5%, ‘well ahead of our 6.7% expectations...
Why the collapse in Turkish lira matters to investors
Thursday 16 Aug 2018A plummeting Turkish lira is raising fears of more widespread chaos given the size of Turkey’s economy, its strategically significant geographic position and its close ties to the Eurozone. In this article we examine four key questions raised by this ongoing currency-led crisis. WHY IS TURKEY’S...
Electric vehicles boost for auto-engineer TI Fluid
Thursday 16 Aug 2018Automotive fluid systems engineer TI Fluid Systems ( TIFS ) has secured around €700m worth of contracts to supply components to the emerging electric vehicles (EV) market. Doubts over the company’s ability to retain a valuable spot in the global automotive supply chain that is increasingly...
Sensyne Health floats on AIM with plan to speed up drug discovery via NHS partnership
Thursday 16 Aug 2018British healthcare technology firm Sensyne Health ( SENS:AIM ) has raised £60m to coincide with its stock market debut on 17 August. It will be valued at £225m when it starts trading on AIM. Sensyne Health works with three NHS trusts by using its anonymous datasets for analysis, which can be used...
Applegreen’s on the road to riches with Welcome Break
Thursday 09 Aug 2018Dublin-headquartered petrol forecourt retailer Applegreen’s ( APGN:AIM ) shares are currently suspended following the exciting news (2 Aug) it is to acquire a majority holding in UK motorway service operator Welcome Break. Being financed through €300m of new debt and a minimum €100m equity raise,...