magazine archive


magazine archive

News

Beauty website owner prepares for biggest London listing of 2020

Thursday 03 Sep 2020

Online retail firm The Hut Group , the Manchester-based owner of the Lookfantastic website, is to raise £920 million in a stock market listing, valuing the business at £4.5 billion. The planned share offering would be the biggest this year on the London market and the first since the coronavirus...

BT takeover hopes shot down by analysts

Thursday 27 Aug 2020

Analysts believe any takeover interest in BT ( BT.A ) is likely to be doomed by a series of effective poison pills, including regulation, massive capital expenditure commitments and a yawning pension scheme black hole. Speculation emerged last weekend that the UK telecoms giant had engaged bankers...

Balfour Beatty's £2bn contract win fails to move its shares

Thursday 27 Aug 2020

Investors are not taking any notice of construction company Balfour Beatty ( BBY ) despite it recently announcing two very large contract wins in Hong Kong worth almost £2 billion. Its 50:50 joint venture, Gammon, won a £577 million highways contract at the end of June, which was then followed this...

BlackRock World Mining’s ’decade of lost returns’

Thursday 27 Aug 2020

Sell investment trust BlackRock World Mining Trust ( BRWM ) and just buy BHP ( BHP ) , Rio Tinto ( RIO ) or a relevant exchange-traded fund if you want exposure to the mining sector. That’s the view put forward in a critical note on BlackRock World Mining by Investec analysts Alan Brierley and Ben...

Analysts say Greencoat Renewables cannot justify premium rating

Thursday 27 Aug 2020

Dividend hungry investors should not pay any price for income as it could result in a capital loss, warn analysts at Stifel as they downgrade the popular Greencoat Renewables ( GRP ) investment trust to a negative rating. Renewable funds have been in high demand for years due to their generous...

M&A revival predicted after worst first-half for deals since 2010

Thursday 27 Aug 2020

So far, this year has been a washout for advisers and investment banks involved in mergers and acquisitions (M&A), as the Covid pandemic has forced firms to cut back on all non-essential spending and conserve cash. However, there are rumblings that deals could come back with a vengeance in the...

Investor hopes raised over Covid treatments

Thursday 27 Aug 2020

For months investors have been lapping-up all positive vaccine and Covid-19 treatment news as if their lives depended on it. Another dose was injected last weekend when the US Federal Drug Administration (FDA), the body that independently approves new drugs, cleared the use of convalescent plasma...

Tesla to split stock in five-for-one deal

Thursday 20 Aug 2020

Nasdaq-listed Tesla has announced plans for a five-for-one stock split after firm’s stunning run through 2020. Investors lapped up the news sending shares in the electric car star roaring higher, adding close to $500 since the announcement and beyond $1,800 levels. Tesla stock ended 2019 at $418.33...

Food comes to the rescue for Marks & Spencer ahead of Ocado test

Thursday 20 Aug 2020

An unscheduled trading update (18 Aug) confirming weak clothing sales and containing plans to eliminate up to 7,000 jobs in the next three months sent shares in Marks & Spencer ( MKS ) lower. This comes with the business on the cusp of a major test as it gears up for its new supply deal with...

Mining proves no safe haven as BHP cuts dividend

Thursday 20 Aug 2020

After cutting its annual shareholder payout mining giant BHP ( BHP ) has offered another indication there are unlikely to be dividend ‘safe havens’ for income investors in the mining sector. The company declared a final dividend of 55 cents per share, taking its total dividend for the year to 30...

Pages