Havelock Europa storms AIM market, up 40 percent

Miranda Wadham
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Havelock Europa storms AIM market, up 40 percent
Interior solutions company Havelock Europa (LON:HVE) is one of the biggest moves on the AIM market this morning, up over 40 percent after an end of year trading update. In a statement, the company said that full-year results would be in line with the update given in September and announced that it was now debt free with net cash of £1 million, up from £0.2 million at the end of last year. Chief Executive David Ritchie said: “We are beginning to see the benefits of the measures taken in late 2015 and, although trading continues to be challenging, particularly in the retail sector, we are encouraged to enter 2016 with an order book of GBP23m for in-year delivery which is 15% up on 2015.” Havelock Europa is currently trading up 41.66 percent at 8.50. It has a 52 week range of between 5.43 and 18.50. 
25/01/2016

Twitter CEO announces four major executive departures

Miranda Wadham
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Twitter CEO announces four major executive departures
Twitter (NYSE:TWTR) CEO Jack Dorsey has announced the departure of four senior executives, in a move to shake up Twitter’s management and improve the company’s standing for investors. Dorsey tweeted the news on Sunday night, saying that he was “forever grateful” to the media head Katie Jacobs Stanton, product head Kevin Weil, head of engineering division, Alex Roetter, and HR executive Brian Schipper for “everything they’ve given to Twitter”. According to those familiar with the matter, Twitter will be bringing in two more board members as soon as possible – perhaps as early as later this week. Twitter’s stock has fallen over 50 percent of late, now sitting below its IPO price, and the moves are part of Dorsey’s regime designed to encourage further investment – which has so far been slow to take off. 
25/01/2016

Will the British Pound continue to fall?

Miranda Wadham
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0
Will the British Pound continue to fall?

Like most of the economy, the British Pound has got off to a rocky start in 2016. The value has decreased dramatically against other currencies, declining nearly 4 percent over the last three weeks – bad news for any Brits trying to beat the January blues with a trip abroad.

The fall marks its longest downward streak since the single currency was introduced in 1999 – which seems surprising for a country with an economy that is arguably stronger than many others.

What’s more, the slide was totally overlooked by analysts, whose predictions for end of March period stood at 1.4376, and a year-end average of 1.4204. Currently, the pound is at 1.30 against the euro. So what’s causing the drop? One factor having a big impact is the Bank of England’s reluctance to raise interest rates, especially after the Federal Reserve increased theirs. Lower rates make the currency unattractive to investors, and encourages them to sell. Of course, Governor Mark Carney has his reasons for not raising rates – namely that the UK economy is not yet strong enough to cope with it, something else that is having an impact on the pound. Inflation is persistently below the target of 2 percent, and earnings growth is continuing to slow from a six-year high – hints that all may not be well underneath the surface. On top of that, we had George Osborne himself admitting that this year could be make-or-break for the UK, stating that the country’s economy faces a “cocktail of threats” this year. The impending EU referendum also casts uncertainty on the future of UK, with investors unsure about buying a currency that may well be severely hit should the UK vote to leave the safety of the EU. Overall, the pound’s decline seems predictable, given the lack of security in Britain’s economic future. Combine this with the worst start to the year the markets have seen in history, chaos on the Chinese markets and the tumbling price of oil, it could well be a while before the pound begins to rise against other currencies. In the words of George Osborne: “2016 is year critical.” 
Miranda Wadham on 21/01/2016

Surgical Innovations up 17 percent after positive 2015

Miranda Wadham
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0
Surgical Innovations up 17 percent after positive 2015
Medical technology company Surgical Innovations are up over 15 percent this morning, after board changes and a trading update showed a positive year for the Group. Trading for the 2015 was in line with board expectations, as well as an improved performance in the second half of the year, with revenues up around 36 percent on the year before. The company also announced the resignation of ex-Chairman and Non-Executive Director Doug Liversidge CBE, who has stepped down to “focus on other business activities”. He will be replaced by two new Non-Executive Directors, Alistair Taylor and Paul Hardy. Executive Chairman, Nigel Rogers, said in a statement: “Firstly, the Board places on record our appreciation for the many years of leadership which Doug has provided to the Company, and thanks him for his dedication and commitment. “Looking to the future, we are delighted that Alistair and Paul are joining the Board. They bring both breadth and depth of experience and an excellent network of established contacts in our sector. They can offer extensive support in the continued improvement of our core activity, in business development and achieving operational excellence.” Surgical Innovations (LON:SUN) are trading up 17.57 percent on the news (0941GMT).

Pearson shares jump after announcement of further restructuring

Miranda Wadham
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0
Pearson shares jump after announcement of further restructuring
Shares in education publishers Pearson soared over 8 percent in early trade of Thursday, as the company announced plans to cut its workforce and undergo further restructuring in order to get back in the black. Pears cut earnings forecasts for 2015 and 2016, which along with plans to cut 4000 of their employees, should allow much higher earnings growth in 2018. The company have been troubled over the last couple of years by fewer enrolments in the US education system, which has led to a smaller market, and an increase in students renting books rather than buying. Chief Executive John Fallon said: “Our competitive performance during the last three years has been strong, but the cyclical and policy related challenges in our biggest markets have been more pronounced and persisted for longer than anticipated.” The company, which sold the Financial Times and its stake in The Economist last year to focus on education publishing, are expected to carry out the cuts by the middle of 2016. Investors have reacted positively to the news, with Pearson (LON:PSON) trading up 8.82 percent at 718 pence per share. (0930GMT)

The Airline Company Set To Soar

UK Investor Magazine
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Copyright Fat Prophets® is a registered trade mark/trading name of Mint Financial (UK) Limited, which is authorised and regulated by the Financial Conduct Authority, Number 220591, registered in England and Wales, Number 04255908, with a registered office at 100 Fenchurch Street, London, EC3M 5JD. (www.fatprophets.co.uk)
DISCLAIMER The views and opinions expressed herein are for information purposes only. They are subject to change without notice, and do not take into account the specific investment objectives, financial situation or individual needs of any particular person. They should not be viewed as recommendations, independent research, or advice of any kind. The views accurately reflect the personal views of the author. They are not personal recommendations and should not be regarded as solicitations or offers to buy or sell any of the securities or instruments mentioned. The views are based on public information that we considers reliable but does not represent that the information contained herein is accurate or complete. With investment comes risk. The price and value of investments mentioned and income arising from them may fluctuate. Past performance is not an indicator of future results, and future returns are not guaranteed. We acknowledge an individual’s tax situation is unique and tax legislation may be subject to change in the future

Apple applies to set up shop in India

Miranda Wadham
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3
Apple applies to set up shop in India
Smartphone leader Apple has made an application to open retail stores in India, according to a senior official at the Trade Ministry on Wednesday. The decline of China, one of Apple’s largest markets, and heavy competition from cheaper smartphone brands has led to the company making a play to expand in India. Currently the US-based brand sells its products in India through third-party retailers. Amitabh Kant, bureaucrat at the Trade Ministry’s department of industrial policy and promotion, told The Wall Street Journal that they “have received the application filed by Apple India Private Ltd. and are examining it”. India’s smartphone market is one of the fastest-expanding markets, set to overtake the US by 2017. Apple (NASDAQ:AAPL) are currently trading down 0.48 percent on the news, at 96.66 a share (1022GMT). 
20/01/2016
 

Shell shares tumble on falling profits

Miranda Wadham
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0
Shell shares tumble on falling profits
Shares in oil giant Royal Dutch Shell have fallen over 5 percent this morning, after its fourth quarter results showed a dramatic fall in profits. The company expects fourth quarter profits of between $1.6 billion and $1.9 billion, a significant drop on the $4.2 billion it made a year ago. It also expects that full year profit will come in somewhere between $10.4 billion and $10.7 billion, well below its $10.8 billion guidance. This comes just before Shell’s proposed takeover of BG Group, who beat their 2015 production target. The $47 billion deal is to be voted on by shareholders in the coming weeks and, despite opposition arguing that the takeover has been overvalued, Shell is confident of a positive outcome: “The completion of the BG transaction, which we are expecting in a matter of weeks, will mark the start of a new chapter in Shell, to rejuvenate the company, and improve shareholder returns,” van Beurden said in a statement. Royal Dutch Shell (LON:RDSA) are down 5.60 percent at 1288, with BG Group (LON:BG) down 1.76 percent (0959GMT). 
20/01/2016

Asian shares hit by oil, dragging Europe down

Miranda Wadham
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0
Asian shares hit by oil, dragging Europe down
Asian shares fell again today, as oil prices continue to weaken and affect investor sentiment. West Texas Intermediate dropped below $28 a barrel, its lowest price since September 2003, with Brent Crude making a slight recovery at $27.85 per barrel. Japanese markets were hit hardest, with the Nikkei 225 index seeing its sharpest one-day drop since September, down 3.71 percent. Sony fell 8 percent on the day, with Softbank Group coming close behind down 7 percent. European markets followed suit, with the FTSE opening down and continuing to trade down over 2 percent. The DAX is also down 3.5 percent as markets continue to struggle against a slew on bad economic news. 
20/01/2016

Oil market could “drown in oversupply”

Safiya Bashir
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0
Oil market could “drown in oversupply”
As the price of oil has sunk to twelve year lows this week, the International Energy Agency have warned of an overhang of at least one million barrels a day for the third consecutive year in 2016, a slump which has been described as the worst in post-war history. Since recent figures, analysts have cut their 2016 oil price forecasts, with economists at the Royal Bank of Scotland predicting that oil could continue to fall to $16 – $12 less than the price it currently stands. With the continual slump in price, due to a problem of oversupply, the oil market “could drown in oversupply”, according to the wealthy nations’ energy watchdog.  
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