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Big News
Slap on some Warpaint
Thursday 24 Nov 2016Investors should keep an eye out for eyeliners, lipstick and nail varnish seller Warpaint London which joins AIM on 30 November. Owner of the ‘W7’ brand, the £62.6m business has a clear global growth strategy and a cash generative model that should support progressive dividends. Guided by joint...
Bright spots amid construction gloom
Thursday 17 Nov 2016The construction industry has endured its worst quarter in four years in the wake of the Brexit vote. Dig deeper in the data and you’ll find reasons to stay positive on parts of the sector. The 1.1% decline in construction volumes flagged by the Office for National Statistics (ONS) in the July to...
Bright lights shine on Cineworld earnings
Thursday 17 Nov 2016A strong trading update on 15 November would suggest Cineworld ( CINE ) could beat market expectations if it can deliver a good performance over the next few months. N+1 Singer says Cineworld could beat its pre-tax profit forecast by 12.5% if it can sustain the 14.6% revenue growth seen in the 45...
Expensive defensives in retreat
Thursday 17 Nov 2016Anyone looking for evidence Donald Trump’s election has sparked a ‘dash for trash’ need look no further than the government bond market. The best performing government debt in the world this week belongs to Greece: the country’s 10 year bonds were one of only a handful of fixed income securities to...
City rallies behind EMIS
Thursday 17 Nov 2016Analyst support is growing for healthcare software supplier EMIS ( EMIS:AIM ) with consensus implying 100p upside to the 836p share price over the next 12 months. The shares are down 26% this year on NHS cutbacks but the need for IT systems to create the faster, better, cheaper care required looks...
Vodafone retains income power
Thursday 17 Nov 2016Better than expected half year results from Vodafone ( VOD ) makes us confident it can continue to pay an attractive dividend, currently yielding 6.2% on a prospective basis. The telecoms giant raised its half year dividend by 1.9% to 4.74c. That implies 4.1p per share dividend at the current 0.867...
BAT-Reynolds deal in doubt
Thursday 17 Nov 2016Speculation is mounting that tobacco firm Reynolds American (RAI:NYSE) will reject a $47bn merger with UK rival British American Tobacco ( BATS ) . The latter already owns 42% of Reynolds. Sources suggest there may be some haggling to be done over the cash and shares offer. Both parties declined to...
Avation special dividend potential
Thursday 17 Nov 2016Plane leasing outfit Avation ( AVAP ) says it will consider a special dividend if it agrees to sell a portfolio of 22 aircraft. Executive chairman Jeff Chatfield says there is no certainty the ‘highly valuable’ ATR turboprop planes will be sold as talks first revealed in October progress. The...
Johnston Press targets disposals
Thursday 17 Nov 2016Newspaper publisher Johnston Press ( JPR ) is in late-stage talks to sell certain local titles to Iliffe Media. The company recently secured a deal with its lenders giving it time to raise funds by selling assets. A third quarter update revealed the group was on course to hit expectations ‘provided...
M&S out of fashion
Thursday 10 Nov 2016Retail titan Marks & Spencer’s ( MKS ) half year results (8 Nov) reveal an 18.6% underlying pre-tax profit slump to £231.3m amid another drop in Clothing & Home sales. However, CEO Steve Rowe has a strategy to return M&S to sustainable profitable growth which we think investors should...