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Big News
Telit trauma continues amid CEO drama
Thursday 17 Aug 2017The chief executive of connectivity kit designer Telit Communications ( TCM:AIM ) is stepping down from the board after it emerged he had previously been indicted in the US. Shares in the Internet-of-Things specialist are bouncing back at 135p after Oozi Cats resigned with immediate effect, on...
H&T ‘changing the face of pawnbroking’
Thursday 17 Aug 2017Despite the gold price aiding pawnbroker, personal loan provider and watch retailer H&T ( HAT:AIM ) , the company’s chief executive John Nichols says he’s ‘changing the face of pawnbroking’. He adds that while pawnbroking is majority gold-based, H&T has widened the portfolio away from the...
Telit hammered again
Thursday 10 Aug 2017Connectivity kit designer Telit Communications ( TCM:AIM ) saw its share price smashed on a half year plunge into the red, cuts to growth targets and an axed dividend. That disappointment sent the stock crashing from 257.5p on 7 August to 150p, bouncing to 172.5p the following day. Delays in...
Could RBS return to the dividend list in 2018?
Thursday 10 Aug 2017High street lender Royal Bank of Scotland ( RBS ) is back into net profit in the second quarter to 30 June. This beat analyst forecasts, coming in at £680m compared to the consensus estimate of £343m. State-owned RBS also had to take a £342m charge for conduct issues and considering the bank posted...
BlackRock fund can thrive against all backdrops
Thursday 10 Aug 2017Income-starved investors fretting over meagre interest rates, savings-eroding inflation and Brexit’s impact on the domestic economy need not limit themselves to UK listed equities. A savvy way to gain exposure to some of the best overseas-based dividend yielders is to invest in BlackRock Global...
Why tobacco earnings won’t go up in smoke
Thursday 03 Aug 2017Shares in London’s two listed cigarette titans British American Tobacco ( BATS ) and Imperial Brands ( IMB ) sold off heavily following the US Food and Drug Administration’s (FDA) announcement (28 Jul) that it intends to lower nicotine levels in cigarettes to non-addictive levels. At first glance,...
HSBC back to expansion
Thursday 03 Aug 2017Despite already being Europe’s largest bank HSBC ( HSBA ) is definitively back in growth mode. Its results for its second quarter to 30 June beat consensus forecasts across the board. Its pre-tax profit figure of $5.3bn is, for example, 13% ahead of the estimate from Alastair Ryan, analyst at Bank...
Can BP and Shell deliver on dividends?
Thursday 03 Aug 2017The future direction of UK oil majors BP ( BP. ) and Royal Dutch Shell ( RDSB ) is heavily tied to the fate of their dividends. On balance we think these payments will be sustained and their hefty prospective yields will compress or in other words their share prices will rise. At the current £21.52...
FDM beats again
Thursday 03 Aug 2017Corporate panic over incoming new data protection rules and IT skills shortages are powering demand for IT project skills supplied by FDM ( FDM ) . This means that the company will beat market expectations for the fourth year in a row. GDPR are the general data protection regulations that are due...
IMF cuts UK growth
Thursday 27 Jul 2017The International Monetary Fund (IMF) has downgraded its growth projections for the UK and US. The report cites ‘difficult-to-predict US regulatory and fiscal policies’ and continued uncertainty surrounding Brexit negotiations. Offsetting that pessimism, investors may be more encouraged to seek...