Why the Fourth Industrial Revolution may create beach hotspots for investors February 27, 2019 | City Talk The Industrial Revolution resulted in a rail network that has influenced real estate values ever since. Now the Fourth Industrial Revolution is driving the latest wave of value creation – for certain beach locations. Our focus on this blog is on identifying the shifting fortunes of global cities. Part of this involves careful analysis of [...]
M&S buying growth with Ocado? February 27, 2019 | City Talk M&S’s purchase of Ocado’s UK retail business looks rather like one of its own ready meals – overpriced, not very good for you but easy, quick and ready to heat up. M&S and Ocado have confirmed the details of their joint venture. M&S is paying up to £750m for the 50/50 stake in Ocado’s UK [...]
How VCTs can be used to build the next ARM in the UK February 27, 2019 | Sponsored When Venture Capital Trusts were launched in 1995, their purpose was simple: enable SMEs to raise risk equity finance. It’s easy to see why. In 2018, small businesses made up 99.3 per cent of the private sector in the UK and 60 per cent of all private sector jobs. SMEs play an important role in the economy, [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
Shine taken off Fresnillo as silver production set to fall this year February 26, 2019 Shares in Fresnillo sunk today as the miner warned that it was looking towards a year where prices could fall, inflation could rise and exchange rates could hit its bottom line. The figures Fresnillo grew its silver production by 5.3 per cent to 62m ounces in 2018, while gold increased 1.3 per cent to 923,000 [...]
How to ride the pound sterling rollercoaster through a no-deal Brexit February 26, 2019 With no signs of letting up, the cold winds of Brexit uncertainty blowing through parliament have been pretty chilling for the UK economy. With Theresa May revealing on Sunday that MPs might not vote on her new deal until 12 March, and rumours swirling that Brexit may be delayed until May or beyond, businesses are [...]
‘Loser’: Gold bosses locked in war of words after Barrick bids for Newmont February 26, 2019 The bosses at two of the world’s biggest gold miners have been trading insults after a proposed mega-merger which would make them colleagues. Barrick Gold chief executive Mark Bristow, who yesterday launched an $18bn (£14bn) hostile bid for Newmont, told Reuters his counterpart at the company is a “loser”. Read more: Barrick Gold launches $18bn [...]
Leaked information on M&A deals leads to higher valuations February 26, 2019 | City Talk Leaking information on mergers and acquisitions (M&A) deals before any public announcement of the transaction added an extra US$21m to the average value of deals announced in 2016 that leaked, according to new research from Intralinks and Cass Business School. In addition to evidence of higher valuations for M&A deals that leak, the 2017 Intralinks [...]
Centamin shares fall down mine shaft on poor annual results February 25, 2019 London-listed gold miner Centamin dropped heavily today as production fell 13 per cent last year, squeezing its bottom line. Shares had fallen by around 22 per cent by the early afternoon as the company showed disappointing results for the year ended December. Read more: Barrick Gold launches $18bn hostile bid for Newmont The company said [...]
Small UK oil company Reabold surprises market with discovery off Bournemouth coast February 25, 2019 Reabold Resources has become a “considerable force” in the UK’s oil and gas sector its chief executive said today as the company surprised markets by announcing a bonus oil discovery off the coast of Bournemouth. The tiny explorer said it had found oil next to a controversial project which it started drilling earlier this month. [...]