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Big News
Yu Group to beat forecasts
Thursday 20 Jul 2017Business energy supplier Yu Group ( YU.:AIM ) is on track to beat expectations for both revenue and operating profit this year to 31 December 2017. The company continues to disrupt the big six suppliers and will report ‘at least £35m’ of revenue this year, ahead of the £34m previously anticipated...
Weir seeing North American shale recovery
Thursday 20 Jul 2017Scottish engineer Weir ( WEIR ) , which provides pumps used by shale gas operators in the US, says a rebound in activity will support better-than-expected full year profit from its oil and gas division (17 Jul). This will be partially offset by a one-off charge of £13m relating to its Gabbioneta...
Investors swoop to support UK tech space
Thursday 13 Jul 2017UK-quoted technology businesses are seeing sustained popularity with investors willing to back several fresh funding rounds designed to bolster growth. This positive market sentiment towards the sector is being backed up by positive share price returns, with UK technology indices outperforming...
Best UK picks for cloudy outlook
Thursday 13 Jul 2017In what do you invest when the economic outlook is weak? Investment bank UBS thinks it has the answer. The UK economic picture is becoming more uncertain with business output falling to a four-year low, according to the latest BDO Output Index (10 Jul). UBS cautions ‘macro momentum, earnings...
Can Gocompare’s momentum continue?
Thursday 13 Jul 2017Comparison site Gocompare.com ( GOCO ) is enjoying a strong start to life as a public company after being spun out of insurance firm Esure ( ESUR ) in November 2016. An 11 July 2017 trading update signals a robust first half, with stronger-than-expected margin performance driving earnings upgrades...
Kraft to make another bid for Unilever?
Thursday 13 Jul 2017US consumer goods giant Kraft Heinz could make another takeover bid for Anglo-Dutch rival Unilever ( ULVR ) very soon, according to a US analyst. UK takeover rules prevent Kraft from tabling a new offer until mid-August, being a six month window since its previous $143bn bid. Pablo Zuanic, an...
Fire safety expert Marlowe reports surge in interest
Thursday 06 Jul 2017Fire protection services group Marlowe ( MRL:AIM ) tells Shares that it has received an increase in new business enquiries since the Grenfell Tower fire tragedy in London in mid-June. Chief executive Alex Dacre says enquiries have included both local authorities and commercial businesses. ‘The...
FTSE 100 stocks with superior dividend growth
Thursday 06 Jul 2017Construction equipment group Ashtead ( AHT ) , software business Micro Focus ( MCRO ) , investment platform provider Hargreaves Lansdown ( HL. ) and wealth manager St James’s Place ( STJ ) have delivered more than 20% compound annual growth in dividends over the past decade. That’s according to new...
AA refinances debt to cut annual charges
Thursday 06 Jul 2017Roadside assistance firm AA ( AA. ) is refinancing its borrowings to reduce the cost of servicing its debt. The company is issuing new bonds and replacing an existing debt facility. It is also extending the maturity of debt. These actions will provide annual interest cost savings, so it has more...
Takeover bid for FTSE 100 stock Worldpay
Thursday 06 Jul 2017FTSE 100 payment processor Worldpay ( WPG ) has received a takeover bid from US rival Vantiv. The offer is structured as a mix of cash and shares worth approximately 368p per Worldpay share at the time of writing. Worldpay used to be owned by Royal Bank of Scotland ( RBS ) before it was acquired by...