Best of the Brokers for 22 June 2015 June 21, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AUTO TRADER GROUP Numis reiterated its “buy” recommendation for the online car market, citing encouraging financial year 2015 results, with revenues up eight per cent and EBITDA up 15 per cent. The broker described the group as set fair, and said it will [...]
This ex-army man’s new company is driving cowboy builders out of London with its focus on military precision July 14, 2016 We all love to moan about tradesmen – often with good reason. The famously flaky building industry means the cliches about people not turning up, or leaving a job half finished, are sadly too often still true. And consumers compound the problem by taking the lowest quote for a job. It was this apparent absence [...]
How companies can avoid M&A failures like the “revolutionary” Time Warner-AOL merger April 3, 2016 Last year was the biggest ever for mergers and acquisitions (M&A), with AB Inbev’s ‘MegaBrew’ deal with SABMiller and Pfizer Inc’s merger with Allergan PLC among the deals. The announcement last month of the IHS/Markit merger shows us that 2016 has the potential to be another landmark year for M&A announcements. At Landor we have spent [...]
Classic cars are becoming one of the UK’s best investments – but which ones should you be buying? June 9, 2016 With equities currently more volatile than Sarah Wollaston's views on the EU, and gold all over the place, it's no wonder an increasing number of people is turning to classic cars as an investment. New research suggests one in five people are now considering splashing out on a vintage set of wheels. And British marques [...]
Simon Trim announced as new Sporting Index Group chief executive March 8, 2016 Simon Trim has been named as the new chief executive of the Sporting Index Group, the world's largest sports spread betting business. Trim's appointment follows the departure last month of former chief exec Warren Murphy, who led the betting firm for seven years. Trim has been with Sporting Index for 18 years and was appointed managing director [...]
The pound is feeling the pressure of the latest Brexit polls June 14, 2016 Sterling has continued its sharp decline this morning as another set of opinion polls showed the Leave side pulling ahead with just nine days to go until the EU referendum. The pound has lost 1.1 per cent against the US dollar so far today to stand at $1.4117 in early afternoon trading – a two-month low. It also fell against [...]
Centaur Media share price dips after magazine publisher reports rise in net debt figure March 17, 2016 The share price of Centaur Media dipped by nearly four per cent today after the publisher reported an increase in its net debt figure. The figures Centaur – which publishes magazines including Marketing Week, The Engineer and The Lawyer – reported revenue of £70.5m in 2015. This was down three per cent from £72.8m in 2014. But [...]
How digital innovation is bringing prosperity to the world’s poorest March 24, 2016 There are approximately 2m adults in the UK who don’t have bank accounts. This statistic is shocking for a global finance hub, but it is dwarfed by the 2bn people worldwide who lack access to financial services. For the unbanked, having no means of saving or managing their finances can mean being locked in a [...]
Bookies are bracing for a £150m betting bonanza on Thursday as Ladies’ Day, Euro 2016, golf and tennis come up alongside Brexit wagers June 15, 2016 UK bookies are bracing themselves for a multimillion pound betting bonanza on Thursday, according to Ladbrokes, as four major sporting events combine with Brexit in a waging spree. Punters all over the country will be able to take their pick from the Euro 2016 England v Wales match, Ladies' Day at Royal Ascot, Andy Murray making his way [...]
Advent International and others mulling £1bn-plus Land Registry takeover as government considers privatisation March 15, 2016 Advent International and others are considering bids for the government's £1bn-plus-valued Land Registry. City A.M. understands the buyout firm is one of a number of parties interested in the agency, which holds the titles for most of England and Wales’s land. Delivering his Autumn Statement last November, chancellor George Osborne said the government would "consult on options to [...]