The entrepreneurial landscape of power – Investec Comment September 13, 2015 The British power and electricity landscape is changing, and the business of power is changing too. Partly this is down to the growth of renewables. Renewable energy generation had a record quarter this year, accounting for 22.3 per cent of total electricity generation. We’ve seen the emergence of a new wave of independent suppliers – [...]
Miners come up gold for FTSE 100 as London rallies – London Report September 10, 2015 Asian market gains helped the FTSE to rally yesterday for a third straight session – also boosted by encouraging corporate news from mining companies and financial firms. The FTSE 100 index was up 1.4 per cent at 6,229.01 points at its close, still around 12.6 per cent off April’s record high, after uncertainty over China’s [...]
Bargain Booze parent Conviviality Retail’s share price soars as confirms its buy out of Matthew Clark from Punch Taverns and Hertford Cellars for £200m September 8, 2015 Bargain Booze parent company Conviviality Retail's share price leaped this morning after confirming it is buying out wholesaler Matthew Clark for £200m. The deal, a reverse takeover that will be subject to shareholder approval, is being struck via Conviviality's subsidiary Conviviality Brands, and will create a major player in the industry with a combined annual turnover [...]
How to do a private sale of your business – Investec Comment September 6, 2015 When it comes to selling a business, one size certainly does not fit all. This is particularly true in a private sale and for medium-sized companies, which tend to be tightly staffed. Where there is a wall of cash waiting to invest in growing companies, it is easy to be tempted into a “spray [...]
Trevor Bayliss urges Jonny Bairstow to shine after opting to rest jaded Jos Buttler September 6, 2015 England coach Trevor Bayliss has urged wicketkeeper Jonny Bairstow to seize his chance after deciding to rest Lancashire’s Jos Buttler for the rest of the one-day series with Australia. Buttler struggled with the bat during the Investec Ashes, making just 122 runs at an average of 15.25, while his score of four in the first [...]
Leading equity analysts back Wizz Air with a ‘buy’ rating September 3, 2015 LOW-COST carrier Wizz Air received a boost yesterday when both Investec and UBS started coverage of the company with “buy” ratings. “The leading low-cost carrier in Central and Eastern Europe [CEE] is set to outperform peers in terms of passenger and profit growth due to its highly attractive network anchored in a high growth region,” [...]
City Moves for 4 September 2015 | Who’s switching jobs September 3, 2015 EY Ajay Rawal has been appointed partner within the professional services firm’s financial services transaction advisory practice. He joins from Alvarez & Marsal, where he was a partner in its European financial industry advisory services group. Rawal has over 15 years’ experience consulting in financial services. LONDON Advertising Bruce Haines has been appointed chairman at [...]
Market carnage: The funds that survived August’s global sell-off September 3, 2015 Traditional safe havens such as bond funds and gold were the best places to invest during August’s market carnage. Fears over slowing global growth and the potential for a wave of deflation to emanate out of China have pushed investors into areas which some commentators had recently been decrying as worthless investments – such [...]
Best of the Brokers for 2 September 2015 September 2, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com GLENCORE Canaccord Genuity has upgraded its recommendation for Glencore from “hold” to “buy” following the miner’s recent interim results. It has lowered its target price to 220p from 260p previously. The broker said it is also confident that Glencore can sustain its full-year [...]
The economic risks looming for small firms – Investec Comment August 31, 2015 Last week’s sharp sell-off in equity markets, apparently sparked by fears over the health of the Chinese economy, dramatically highlighted the risks to the global economic outlook. But the UK is still likely to enjoy moderate growth for at least the next two years. The CBI last week upgraded its UK forecasts for 2015 and [...]