By: Imran Khan

I am interested in all good stories so please get in touch with me if you have one. I have a broad brief but have a particular penchant for company results, and news from investments banks, wealth and asset managers.

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European company results are beating analysts’ expectations

March 8, 2017

European companies are defying analysts' expectations, according to new data. Fourth quarter revenues of nearly 61 per cent of companies in the Stoxx 600 that have reported to date have exceeded analysts' estimates, according to research from Thomson Reuters. In a typical quarter 53 per cent beat analyst revenue estimates. The Stoxx 600 is an index [...]
Standard Life Investments sees first senior executive quit after merger plans unveiled

March 8, 2017

Standard Life Investments’ head of equities, David Cumming, is the asset manager’s first senior executive to exit the business following its merger with Aberdeen Asset Management. The company said in a statement that Cumming was leaving to “pursue other interests”. Cumming joined Standard Life Investments in 1998, becoming UK head of equities in 2000, and [...]
Dignity share price drops after growth revision

March 8, 2017

Dignity, which provides funeral services, crematoria and pre-arranged funeral plans, saw its share price plunge 13 per cent after it revised down its growth rate. It revised down its medium-term target underlying EPS growth rate to eight per cent per annum from the current 10 per cent. However, Dignity beat analysts’ consensus profit forecasts after [...]
Paddy Power Betfair is trading neck and neck with analysts’ expectations

March 7, 2017

Bookmaker Paddy Power Betfair saw its share price fall despite trading in line with expectations last year, underscoring perceptions that investors expect it to perform more strongly for the stock price. It highlighted an increase in underlying earnings of over a third to £400m as well as a significant dividend payment. The figures Revenues are up [...]
Aggreko share price hit as it warns on profits

March 7, 2017

Power supplier Aggreko warned on profits alongside its 2016 results this morning, causing its share price to dive 13 per cent. It said that 2017 results will be hit by a “significant impact” of weaker pricing on contracts in Argentina. The figures The company reported a reduction of 24 per cent in 2016 pre-tax profits to £172m after [...]
Payments company Paysafe share price drops despite nearly doubling profits

March 7, 2017

The figures Payments processing company, Paysafe, saw its share price plummet 6 per cent lower this morning despite delivering a strong set of results and nearly doubling profits compared to last year. The company reported in its 2016 financial results today that it has nearly doubled adjusted proﬁts after tax, achieving $213m (£174.6m) for the [...]
Most entertainment is consumed online through access services and is not owned outright

March 7, 2017

Britons now spend almost 80 per cent of their total expenditure on entertainment online and are increasingly consuming it via access services such as Spotify and mobile apps like Pokemon Go. Data from the Entertainment Retailers Association (ERA), which represents retailers and digital services offering music, video and games, shows that 27.6 per cent of [...]
Apprentices may bridge post Brexit labour shortages, employers’ campaign claims

March 6, 2017

Apprentices can help bridge the gap of labour shortages if the UK loses access to skilled workers following Brexit, research by apprentice and graduate entry to work campaigners, The 5% Club, claims. In a survey of 200 UK employers, 89 per cent said that Brexit would make no difference to the number of apprentices they [...]
Record profits reported by chemicals specialist Synthomer

March 6, 2017

FTSE 250 chemicals company Synthomer has achieved a second consecutive year of record profits, it announced yesterday. The speciality chemicals company, which provides emulsion polymers to a range of industries, including coatings, health and protection, said 2016 revenues jumped up by 20 per cent to £1.04bn, and 10.8 per cent on a constant currency basis, [...]
Samsung accused of bribing South Korea’s president

March 6, 2017

South Korean conglomerate Samsung has been accused by the state prosecutor of bribing President Park Geun-hye $37.19m (£30.34m) for her support on Samsung’s corporate activities including a merger and a public listing. According to the state’s special prosecutor, Park Young-soo, a 70-day probe has found that the president is responsible for several counts of illegality, including [...]

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By: Imran Khan

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