magazine archive
magazine archive
News
Flutter Entertainment secures prize US asset
Thursday 10 Dec 2020Paddy Power Betfair owner Flutter Entertainment ( FLTR ) has taken a big strategic step by increasing its stake in US fantasy sports betting market leader FanDuel to 95% from 57.8%, in a £3.1 billion cash and shares deal. FanDuel’s market access partner Boyd will hold the remaining 5% stake...
Fast growing hydrogen stock Ceres gets closer to fulfilling its potential
Thursday 10 Dec 2020Fast growing hydrogen stock Ceres Power ( CWR:AIM ) has gone a long way to fulfilling its potential after inking a deal with German giant Bosch that analysts have called its ‘biggest milestone to date’. Ceres Power has seen its shares jump 295% this year as investors bet on hydrogen fuel cells...
Here’s why gold has sold off, copper has rallied and oil remains volatile
Thursday 03 Dec 2020Positive coronavirus vaccine news has overwhelmingly been welcomed by investors with hopes solidifying that our lives and the economy can start getting back to normal next year. But there is one corner of the market where such upbeat news has triggered a sell-off – gold. A safe haven asset in times...
Hipgnosis benefits from change in valuation method
Thursday 03 Dec 2020Music royalty investor Hipgnosis Songs Fund ( SONG ) says its independent valuer has lowered the discount rate used to calculate how much its music catalogues are worth, thereby giving a big boost to the value of the investment trust’s assets. The move was done to reflect ‘the decreased risk...
The companies eyeing Arcadia assets after collapse
Thursday 03 Dec 2020The collapse of Philip Green’s Arcadia Group, owner of Topman, Topshop, Burton and Dorothy Perkins, into administration is widely expected to see rival retailers bid for these brands. The announcement also prompted JD Sports ( JD. ) to abandon its plan to buy department store Debenhams out of...
Kingspan ESG credentials clouded by Grenfell inquiry
Thursday 03 Dec 2020Specialist building products firm Kingspan ( KGP ) is under scrutiny for the role of one of its insulation products in the 2017 Grenfell Tower fire which claimed the lives of 72 people. Directors in the company are being questioned at an inquiry into the tragedy and since it made its first...
Life sciences industry veteran David Evans launches new investment company
Thursday 03 Dec 2020Life sciences veteran David Evans is using his 27 years’ experience and deep industry contacts to launch an investment fund. Intuitive Investments will start trading on AIM on 14 December via a placing of 37.5 million new shares at 20p, raising £7.5 million. Evans told Shares that the company will...
Consequences of the pound rally on certain UK stocks
Thursday 03 Dec 2020In a scenario which most people involved with markets never imagined, let alone predicted, the pound is about to reach an important trading level as hopes increase of a UK trade deal with the EU. Having collapsed to just above $1.15 to the dollar at the height of the panic selling in March,...
Fabric coating Covid killer HeiQ to join UK stock market
Thursday 03 Dec 2020When a company makes a claim that its fabric coating kills all known bacteria and viruses including Covid-19 within 30 minutes and has a shelf-life of up to seven years, it tends to get attention. The Viroblock product from Swiss-based HeiQ Materials was originally developed as an antimicrobial for...
Investors warned of tracker flip risk ahead of Tesla’s S&P 500 entry
Thursday 03 Dec 2020There is a risk that the brakes could be slammed on Tesla’s astonishing November run when it joins the S&P 500 index on 21 December. Experts believe that last month’s astonishing share price surge may have been powered by a mad dash for Tesla stock by thousands of private investors who hope to...