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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
We update our views on Euromoney and Ashtead

Euromoney (ERM) £12.58
Gain to date: 7.3%
Original entry point: Buy at £11.72, 20 December 2018
Ashtead (AHT) £20.24
Gain to date: 2.9%
Original entry point: Buy at £19.67, 18 October 2018
The announcement that Daily Mail & General Trust (DMGT) will return its 49% stake in Euromoney (ERM) (plus £200m in cash) to shareholders may have resulted in some short-term pain for the share price of the latter but could be positive in the long term.
Investment bank Liberum believes Euromoney’s stock liquidity should increase and institutional investors may be more interested now the Daily Mail share overhang no longer exists.
In the support services sector, equipment rental group Ashtead (AHT) delivered another strong set of results driven by its US division.
Group rental revenues were up 19% over nine months, consistent with the first half, while signs of growth in the UK A-Plant business are encouraging.
The shares are trading slightly above our October entry price of £19.67 and represent good value given the company’s history of rising shareholder returns.
As well as raising its dividend consistently, Ashtead has begun buying back its shares.