magazine archive


magazine archive

Story In Numbers

BP's big profit beat

Thursday 03 May 2018

Despite expectations being elevated by higher oil prices BP ( BP. ) still managed to beat consensus net income forecasts for the first quarter by 17%. The oil major fared rather better than its UK peer Royal Dutch Shell ( RDSB ) which disappointed the market with its own update on trading for the...

Massive investor demand for Good Doctor digital health IPO

Thursday 03 May 2018

The Chinese digital health start-up behind the Good Doctor platform has raised $1.12bn in Hong Kong’s largest IPO so far this year. Ping An Healthcare and Technology Company, also known as Good Doctor, is China’s largest online healthcare and medical platform by user numbers, with more than 193m...

Mortgage lending slump in March

Thursday 03 May 2018

New data from the British banks’ trade association UK Finance reveal mortgage lending by its members is under some pressure as consumer confidence slips. Gross mortgage lending in March 2018 fell 2.3% year-on-year with total mortgage approvals falling 15%. Mortgage approvals for house purchases...

Mind the pensions funding gap

Thursday 26 Apr 2018

The UK is facing a mammoth pensions funding gap that could balloon to $33tn by 2050, up from an estimated $8tn shortfall in 2015. This is one of the many forecasts made by the World Economic Forum (WEF). The research anticipates that around a third of average retirement income will come from...

Weir deal hailed as a ‘steal’

Thursday 26 Apr 2018

Glasgow engineer Weir’s ( WEIR ) acquisition of US mining tools business ESCO is flagged as a steal by analysts at Liberum. They describe it as ‘an excellent acquisition at a good price’ citing the 12.6 times forecast earnings before interest, tax, depreciation and amortisation multiple. However,...

Jupiter tops the list of worst share performance of UK-quoted asset managers

Thursday 26 Apr 2018

Jupiter Fund Management’s ( JUP ) share price is down 28.2% since the start of the year to 453.6p. This is in stark contrast to many of its quoted peer group. For example, Miton ( MGR:AIM ) has seen its shares appreciate by 26.8% to 48p year-to-date. Liontrust ( LIO ) is up by 19.2% in value over...

Klepierre walks away from Hammerson bid and Intu deal collapses

Thursday 19 Apr 2018

Klepierre has given up on its pursuit of shopping centre landlord Hammerson ( HMSO ) after seeing a 635p per share takeover bid rebuffed. Hammerson has also abandoned its own £3.4bn merger with Intu Properties ( INTU ) (18 Apr) amid mounting investor unrest over the move, leading shareholder, Dutch...

Intercede to could do with a change of growth identity

Thursday 19 Apr 2018

There’s a new boss at Intercede ( IGP:AIM ) with Klaas van der Leest becoming chief executive of the identity management software minnow. Getting the company to accelerate growth will be a priority given the company’s dismal financial track record in recent years. Under former combined chairman,...

Dunelm shifts growth focus to online channel

Thursday 19 Apr 2018

Homewares market leader Dunelm ( DNLM ) delivered impressive organic online growth (excluding its worldstores.co.uk and kiddicare.com sites) of 35.7% in the third quarter to 31 March. Acknowledging the challenging consumer backdrop, new boss Nick Wilkinson says he is ‘increasingly excited about the...

Large number of investors request to cash out of Miton’s micro-cap investment trust

Thursday 12 Apr 2018

A surprisingly large number of investors have requested to exit Miton UK Microcap Trust ( MINI ) as part of it is annual redemption offer. The investment trust says investors accounting for 10.8% of its share capital have asked to cash in all or part of their holding at net asset value (NAV) less...

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