magazine archive
magazine archive
Big News
Why you should NOT hitch a lift with the Uber IPO
Thursday 18 Apr 2019It 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 2019The 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 2019The 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...
The week's big news: Saga, Debenhams and more
Thursday 11 Apr 2019The 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 2019Peer-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...
Brexit blamed for worst business investment figures since 2008
Thursday 11 Apr 2019As we write a no-deal Brexit on Friday (12 Apr) is still a running possibility with the UK’s destiny likely in the hands of EU leaders at their emergency summit. Whatever the outcome on 12 April, whether crashing out without a deal, a further extension or even the nuclear option of revoking Article...
Superdry shares still weak despite Dunkerton win
Thursday 11 Apr 2019Following a stunning boardroom coup (2 Apr), clothing entrepreneur Julian Dunkerton has returned to Superdry ( SDRY ) . However, market confidence in the prospects of a turnaround remains low, with the shares having been notably weak since Dunkerton’s narrow victory. We expect that many of the big...
Jupiter European funds downgraded as star manager set to step down
Thursday 11 Apr 2019Investors in Jupiter European (B5STJW8) and Jupiter European Growth funds have received the shock news that star manager Alexander Darwall will be stepping down later in the year. Darwall has managed the European fund since 2001 and the European Growth fund since 2007 and both have consistently...
Lack of IPOs is bad news for brokers
Thursday 11 Apr 2019The value of initial public offerings (IPOs) on the UK stock market fell to an eight-year low last quarter, according to consultants PwC, suggesting lean times for London’s broking community. The quantity of stock market flotations has also been low. Between January and March this year just five...
Investors still in the dark with how Brexit will play out
Thursday 04 Apr 2019The latest twist in the Brexit negotiations is raised hopes that a no-deal Brexit on 12 April can be averted but the risk remains and is probably not yet being fully priced into UK assets. After an epic meeting with her cabinet colleagues, Theresa May appears to have concluded that her previous...