magazine archive
magazine archive
Big News
The rise of small cap trackers
Thursday 14 Sep 2017According to analysts at UBS, UK investors could benefit from an emerging number of small cap tracker funds if UK markets follow US investment trends. Roughly 40% of all small cap investment in the US is placed through tracker vehicles, considerably more than the circa 15% of a decade ago,...
Scottish housebuilder Springfield heads for AIM
Thursday 14 Sep 2017Scottish housebuilder Springfield Properties is planning to join AIM and raise up to £25m to fund the next step in its growth plan. Executive chairman Sandy Adam took over his grandfather’s market garden operation in the late 1980s and switched the focus to housebuilding. The group now builds a...
Servelec cuts guidance
Thursday 14 Sep 2017Enterprise software supplier Servelec ( SERV ) has had to cut back its growth ambitions thanks to end user investment delays in parts of the automation and healthcare industries. The company’s broker has Investec cut revenue and earnings before interest, tax and amortisation (EBITA) forecasts by 5...
The accounting change you cannot afford to ignore
Thursday 14 Sep 2017A new accounting standard from January 2018 called IFRS 15 will affect the way companies recognise revenue from a long-term contract. We believe it could impact equity valuations as earnings forecasts may have to change for some companies. Outsourcers and other contractors are among the types of...
Impact of Harvey and Irma on the market
Thursday 14 Sep 2017Hurricane season is upon us and it has been a rollercoaster for the share prices of listed Lloyd’s of London insurers. After Hurricane Harvey hit at the end of August, the costs for the likes of Beazley ( BEZ ) , Lancashire ( LRE ) and Hiscox ( HSX ) are estimated at around £100m each. Beazley and...
No sign of demand weakness for lighting group
Thursday 14 Sep 2017Lighting manufacturer Luceco ( LUCE ) says it has not seen any signs of demand weakness despite many retailers warning of a slowdown in consumer spending. It says any reduction in end-user demand would start to show in its orders three months later. First half UK trading was better than expected,...
Somero seeks solution for China trading weakness
Thursday 14 Sep 2017Construction equipment group Somero Enterprises ( SOM:AIM ) is to undertake a strategic review of its Chinese operations after sales in the country fell 29% in the first half of 2017, year-on-year. One of its key sales people in China has just been poached by another firm, so Somero also needs to...
Calls for first rate rise in a decade
Thursday 07 Sep 2017Many economists believe the time is not yet right for UK interest rates to increase but City analysts disagree, calling for the first base rate rise in more than a decade. Number crunchers at investment bank Berenberg claim that monetary policy ‘has done its job,’ and called for ‘policy to begin to...
Redrow's earnings and dividend boost
Thursday 07 Sep 2017Housebuilder Redrow ( RDW ) continues to defy any concerns over the sector as it raises guidance for profit and dividends in the June 2020 financial year. Alongside record results (5 Sep) for the 12 months to 30 June 2017, the company says it expects to post a pre-tax profit of £430m and pay a...
New float to target last-mile logistics
Thursday 07 Sep 2017The shift from high street to online shopping is driving demand for so-called last mile urban logistics and upcoming AIM IPO Warehouse REIT is the latest vehicle looking to tap into this trend. There are several reasons why the shares could be attractive once trading commences on 20 September (the...