21st March 2023 Analyst Miranda Cockburn said: ” The delivery programme is in its final stages and management is making good progress with completions (expected to reach 5,000 by the end of March). “The completed assets are performing strongly with occupancy as at 10th March at 99%…
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21st March 2023 One of the UK’s leading land development, property development and construction companies is well placed to ride out the economic and property market slowdown. Sheffield-based Henry Boot (BOOT: 230p), one of the leading land development, property investment, development and construction companies in the UK,…
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20th March 2023 THE financial markets have been a roller coaster for the past week and shares in banks have been crashing, leading to fears that we are on the edge of a 2008-style credit crunch. CAN we all relax? Not quite. The biggest worry is…
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20th March 2023 FINANCIAL markets had another rollercoaster day as billions were wiped off banking shares and investors rushed for safer bets. Shares in Britain’s Barclays, Lloyds and HSBC all fell heavily in the morning as traders digested Credit Suisse’s cut-price £2.6 billion takeover by its rival…
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16th March 2023 A top five shareholder in British American Tobacco has called for the cigarette group to move its primary listing to New York. Rajiv Jain, founder of the $92 billion US-based investment firm GQG Partners, has urged bosses at the FTSE 100-listed owner of Lucky…
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15th March 2023 Ahead of the Spring Budget the UK economy was still 0.8% smaller than its pre-COVID level. This contrasts to the United States and Eurozone economies that were 5.1% and 2.4% larger than pre-pandemic. This unfavorable international comparison framed all the financial decisions that Chancellor, Jeremy…
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14th March 2023 The interim results were always going to be testing as legacy issues slashed profits The market had been well prepared for Close Brothers’ (CBG) scrappy half-year results after the diversified financial services group disclosed large losses on its Novitas loan book – Novitas was…
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9th March 2023 Holiday sales are providing resilient and this company is becoming a premium brand It seems not even a cost of living crisis can dull the appeal of a beach holiday for the sun-starved people of the UK. Tour operator Tui (TUI) reported in January…
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10th March 2023 As a Joint Global Coordinator and Bookrunner to Alfa Financial Software Holdings, Panmure Gordon successfully placed via ABB 16m existing ordinary shares at a price of 135p, on behalf of CHP Software and Consulting, with a number of new and existing institutions. The Placing represents…
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6th March 2023 The new boss of ITM Power has vowed to turn round the UK hydrogen start-up, overhaul a culture of “overconfidence” and regain the trust of investors and customers after the company became London’s most shorted stock. Dennis Schulz, who arrived at ITM in December from…
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2nd March 2023 1300 ET – Profit across the banking industry fell 6% in 2022 compared with the previous year, according to Federal Deposit Insurance Corp. data released this week. Still, the $263B in profit was the biggest of any year except 2021. Higher rates meant banks could…
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1st March 2023 Rathbones, the wealth management group with a key base in the Port of Liverpool Building, suffered a 32.5% fall in annual pre-tax profits, it revealed today. In the year to December 31, 2022, the group reported a 4.6% increase in operating income of £455.9m,…
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1st March 2023 Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property in the UK, is pleased to announce that following a comprehensive selection process, it has appointed Sapna Shah as an independent non-executive director of the Company…
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1st March 2023 AO is expecting to achieve higher profits than it previously thought after raising delivery charges. The Bolton-headquartered online electricals giant issued an unscheduled update to investors in which it upped its earnings outlook for the third time in just over three months. AO…
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28th February There have been quite a few Brexit deals since the original vote way back in 2016, so you would have been forgiven for rolling your eyes at the prospect of the latest one, the “Windsor Framework.” Judging by the reaction to yesterday’s deal, a lot…
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27th February 2023 Analysts from investment bank Panmure Gordon maintained their ‘Buy’ call on Dechra Pharmaceuticals stock this morning after it announced half year results for the six months to December 31, 2022, and warned underlying operating profits for the year will be at the lower end of…
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27th February 2023 Panmure Gordon said it believes GB Group remains one of the ‘highest quality UK technology stocks’, despite a ‘relatively poor year’ Analysts have rued a “missed opportunity” for identity verification specialist GB Group (GBG) and said another takeover bid “should not be ruled out”.
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22nd February 2022 The current favourable market dynamics for reinsurers are likely to endure “for the medium term if not longer”, according to Conduit Re chairman Neil Eckert. The executive said the current conditions bore many similarities to conditions in the early 2000s, when 9/11, followed by…
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22nd February 2023 Company signals ‘no hope’ of a deal because of Kremlin terms on foreign companies’ asset sales Chief executive Jacek Olczak told the Financial Times the tobacco group, which sells Marlboro cigarettes outside the US, had been in discussions with at least three “serious” potential…
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21st February 2023 In recent months the outlook for the UK economy has been steadily improving. There is now a decent chance that the UK avoids a recession altogether during 2023. This is quite some reversal from last November when the Bank of England forecast the longest recession…
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20th February 2023 Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production. Zenith Energy has thrown in the towel at…
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19th February 2023 Matthew Beesley wants to expand overseas and widen product range in bid to stem outflows Expenses and the “bloated” range of funds were chopped, 80 employees let go and the executive committee shrunk. Just a few months on and Beesley now has his sights…
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10th February 2023 The UK’s December GDP figure came out this morning, which means that we also got the all-important fourth-quarter GDP number. The monthly figure was rubbish. No doubt about that. GDP fell by 0.5% in December, much of which was due to strike action, and…
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8th February 2023 Serica Energy, the North Sea oil and gas firm, expects its production to increase by up to 80 per cent this year as it closes in on a £644 million deal. It is hopeful that its takeover of Tailwind Energy can be finalised by…
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