7 September 2015 This week saw Chancellor Osborne surprise markets by starting to sell down the UK taxpayer’s 78% stake in Royal Bank of Scotland (RBS). This stake was inherited from the previous Labour government’s 2008 bailout of the systemically important institution at the height the financial crisis. UKFI offloaded a 5.4% stake on Monday…
By Augustin Eden, Analyst Rio Tinto is definitely a favourite among the more old fashioned retail investors – those who perhaps remember more booming times but, more descriptively, those who may be seen by some as a little ‘stuck in their ways.’ Mining stocks are not performing as they used to, with a much talked…
31 July 2015 Things really hotted up in Mergers & Acquisitions (M&A) this week with 6 high-profile announcements involving well known UK-listed UK Index stocks. This marks an acceleration into month-end and suggests renewed corporate optimism in being able to acquire growth at still favourable pricing. The share price moves that followed also emphasise the…
24 July 2015 Just when we thought the IPO train had been parked away in a dark siding, following mixed success by those who came to market over the past 2 years, we get news that Ferrari has finally announced its ‘intention to float’ with an IPO in New York in late 2015/early 2016, aiming…
By Augustin Eden, Analyst We’re in an unprecedented situation now with the Greeks voting for a resounding rejection of the latest set of bailout terms given her by Creditors. For some the worst case scenario is now playing out – a nation uniting against a Eurogroup seen as attempting to suffocate the country’s economy. Let’s…
26 June 2015 Tesco (TSCO) is top of the UK 100 this week, dragging fellow grocers Sainsbury (SBRY) and WM Morrison (MRW) up with it, thanks to today’s well-received Q1 trading statement. The update has revived interest in the shares, suggesting the new CEO’s turnaround and restructuring plan (sales, size and reputation) is beginning to…