magazine archive
magazine archive
Story In Numbers
Bank bashing not over yet
Thursday 03 Aug 2017Just when UK banks thought they’d heard enough about claims over misconduct, two high street stalwarts set aside £1.8bn for legacy misdemeanors. Lloyds ( LLOY ) has put the bulk aside to deal with payment protection insurance (PPI) claims at £1.1bn but at least it still made a profit. Barclays (...
UK car manufacturing falls on Brexit uncertainty
Thursday 03 Aug 2017UK car manufacturing volumes declined 13.7% in June, according to the Society of Motor Manufacturers and Traders (SMMT). SMMT chief executive Mike Hawes warned that uncertainty from the UK’s decision to leave the European Union is ‘not helping investment and stalling growth.’ The analysis also...
Ceres facing cash bonfire
Thursday 03 Aug 2017An initiation note from investment bank Berenberg gives an optimistic take on the future of fuels cells technology developer Ceres Power ( CWR:AIM ) . It has slapped a 15p target on the stock, versus the current 11.75p. Yet the technology is still years away from commercial success, if it gets...
Young people need to put away 18% of annual paycheck for 'adequate' retirement
Thursday 27 Jul 2017Think-tank the International Longevity Centre-UK says young people need to put away 18% of their earnings for an ‘adequate retirement income’, equivalent to that enjoyed by today’s pensioners. This is a higher proportion of earnings compared to other countries in the Organisation for Economic Co-...
Switching on to Netflix
Thursday 27 Jul 2017Streaming service Netflix passed through the 100m subscriber milestone in the second quarter. That adds a significantly better-than-expected 5.2m viewers drawn by in-house shows like the The Crow n and Stranger Things . The $78bn cap’s success implies new ITV ( ITV ) chief executive Carolyn McCall...
73p per share of cash from unit sale
Thursday 27 Jul 2017Electronic components manufacturer TT Electronics ( TTG ) has netted significantly more for its Transportation Sensing and Control division than anyone expected. The division’s sale, for £118.8m in cash, works out at 73p per share. That’s far more than Peel Hunt analysts valued the unit; their...
Greencoat Renewables’ €270m haul
Thursday 27 Jul 2017Greencoat Renewables ( GRP:AIM ) has raised €270m, more than the originally hoped-for €250m target, the oversubscription demonstrating investors’ hunger for the story. Debut AIM dealings (25 Jul) were beginning as Shares went to press. Greencoat Renewables has been set-up to build a portfolio of...
Sports Direct’s keeping the score
Thursday 27 Jul 2017This is the number of new UK jobs Sports Direct International ( SPD ) has created during its 10 years as a public company stands at 4,800. The stat is flagged in the sporting goods giant’s full year results announcement (20 Jul), showing a near-60% profits slump to £113.7m. Mike Ashley’s charge has...
Premier zooms higher on Zama find
Thursday 20 Jul 2017An oil discovery offshore Mexico could contain between 1.4bn and 2bn barrels of oil, according to Talos Energy which is partnered with Premier Oil ( PMO ) and Sierra Oil & Gas on the Zama-1 well. Premier, which has a 25% stake in Zama-1, calls the discovery ‘world class’. It provides welcome...
Carillion goes into freefall
Thursday 20 Jul 2017Construction services firm Carillion ( CLLN ) saw 76% of its value wiped off in five days starting on Monday 10 July. The sell-off was sparked by a profit warning which resulted in the departure of CEO Richard Howson. The company had been the most shorted for 18 months. The main issue concerns...