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Big News
Seven companies with accounting red flags
Thursday 04 Apr 2019The retail and leisure sectors are full of companies with accounting red flags, according to investment bank Liberum which has screened for future business risks by looking at profit smoothing, working capital, cash uses and governance issues. It declares Domino’s Pizza ( DOM ) to have the biggest...
Vodafone’s persistent high dividend yield is telling us something bad
Thursday 04 Apr 2019Can Vodafone continue to pay generous dividends? That’s the big question continuously asked by investors. Its shares at 141.48p are currently yielding 9.1%, significantly higher than the 4.9% average for the FTSE 100 index. Vodafone’s full year results to be published on 14 May are expected to show...
Residential Secure Income snares £60m worth of shared ownership assets
Thursday 04 Apr 2019Real estate investment trust Residential Secure Income ( RESI ) is acquiring 132 new build apartments in London’s Clapham Park, significantly boosting its exposure to shared ownership homes. This type of asset, where a first-time buyer acquires a portion of a property below market value and rents...
Suedzucker’s sour read-across for Associated British Foods
Thursday 04 Apr 2019Investors in foods-to-fashion conglomerate Associated British Foods ( ABF ) should note a new risk to earnings for its sugar business after industry peer Suedzucker issued a profit warning, implying ongoing difficulties in the sector. Suedzucker’s full year results (27 Mar) revealed operating...
Is Just Group a takeover target after share sell-off?
Thursday 28 Mar 2019On 14 March retirement solutions firm Just Group ( JUST ) caught the market by surprise when along with its full year earnings it slipped out the news that is was raising £375m in new capital. The shares shed 12% to 85.3p on the day. On 25 March it announced that the capital raise, consisting of £...
Apple, Ocado, Smiths Group and other news
Thursday 28 Mar 2019Investors liked plans by Apple to offer various new services including new TV, gaming and credit card platforms, sending its shares up 1.4% to $191.4. This move suggests it is trying new ways of growing earnings without being so reliant on sales of iPhones and its other consumer electronics...
Market volatility returns as growth worries bite
Thursday 28 Mar 2019The VIX measure of market volatility hit its highest level in weeks on 22 March as investors took fright at a series of alarming economic updates from the US and Europe and the cautious tone sounded by America’s rate-setting Federal Reserve. While shares are currently recovering from the sell-off,...
Majestic Wine shocks investors with plan to ditch physical shops
Thursday 28 Mar 2019Retailer Majestic Wine ( WINE:AIM ) has announced a radical new transformation plan that could potentially see it become a pure online player, prompting analysts to downgrade earnings and sending its share price lower. The company is to ramp up investment behind its online Naked Wines business...
Fund managers with 20+ years at the helm significantly beat the market
Thursday 21 Mar 2019Approximately 50 funds have a 20-year track record of being run by the same fund manager. These managers will have invested through all market cycles. They will know their investment markets inside out, they will have been burnt by their past investment errors and will hopefully be wise to these...
News on ASOS, JD Sports, Restaurant Group and more over the past week
Thursday 21 Mar 2019After a big profit warning in December 2018, online fashion retailer ASOS ( ASC:AIM ) disappointed again on 19 March with its first half update, leading the shares to sink more than 8% to £29.43. Although previously-reduced full year sales growth guidance was reiterated at 15%, margin pressure...