magazine archive


magazine archive

Big News

Why mortgage innovation could spell trouble for housebuilders

Thursday 25 Apr 2019

One follower of the housebuilding sector is alarmed to see the return of the ‘flexible’ mortgage given what it reveals about the state of the property market. Shore Capital analyst Robin Hardy notes the launch of NatWest’s HomeFlex product, which allows borrowers to take money out of their mortgage...

Fintech ‘bank’ R8 eyes London summer IPO

Thursday 25 Apr 2019

Financial technology company R8 is preparing a London stock market share listing as it looks to raise extra growth funding, possibly as soon as July 2019. The company is believed to be sounding out new investors that could see it raise something like £20m of fresh funding, with speculation...

UK profit warnings hit highest first quarter level since the financial crisis

Thursday 25 Apr 2019

UK-listed firms have issued 89 profit warnings in the first quarter of 2019, marking the highest first quarter total since the global financial crisis according to professional services firm Ernst & Young (EY). Brexit-related challenges account for only 10% of profit warnings over the quarter...

Why you should NOT hitch a lift with the Uber IPO

Thursday 18 Apr 2019

It is one of the most eagerly awaited stock market listings ever but investors are already being warned off investing in the initial public offering ( IPO ) of ride-hailing colossus Uber. ‘This is one public offering investors should stay away from,’ says Ben Barringer, equity research analyst at...

JD Sports, IWG, Galliford Try and other news

Thursday 18 Apr 2019

The Easter holidays have seen plenty of news from retailers for investors to keep tabs on. Chiming with a British Retail Consortium report which suggested March’s better weather encouraged higher footfall on the high street, most of the updates from the space have been broadly positive. Sector star...

Rightmove reports property price recovery – but what about its own prospects?

Thursday 18 Apr 2019

The latest asking price data from property listings site Rightmove ( RMV ) for April indicates signs of recovery in the UK housing market. Rightmove asserted that the 1.1% monthly rise was unusually strong for the start of the spring selling season (versus 0.4% in 2018, 0.9% in 2017 and 1.5% in...

Why Bunzl’s growth shock matters to investors

Thursday 18 Apr 2019

Shares in FTSE 100 distribution and services group Bunzl ( BNZL ) came under big pressure on on 17 April when it revealed a slowdown in trading. The company, which provides businesses with items like coffee cups or cleaning products which are not sold to customers but are essential for their day-to...

The ‘big data’ you need to watch on the UK economy

Thursday 18 Apr 2019

Earlier this week the Office for National Statistics (ONS) published a new set of indicators which it hopes will offer a ‘real-time’ guide to economic activity in the UK. As the ONS explains, ‘The appetite for faster information on UK economic activity has never been higher. Policymakers and...

The week's big news: Saga, Debenhams and more

Thursday 11 Apr 2019

The big mover in the past week is over-50s travel and insurance business Saga ( SAGA ) which saw its shares nearly halve to 60p on the one-two punch of a big profit warning (4 Apr) and subsequent negative research report from investment bank UBS (8 Apr). Alongside its full year results, the company...

Funding Circle income fund to close after performance flop

Thursday 11 Apr 2019

Peer-to-peer ( P2P ) lender Funding Circle ( FCH ) is set to close its Funding Circle SME Income Fund ( FCIF ) following a consultation with the investment trust’s shareholders. This development has put shares in Funding Circle under pressure at 321.5p and is arguably reflective of wider problems...

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