Market Commentary - Housing, Infrastructure, Construction and Services 20th June 2017
The moves yesterday saw G4S lead the table with a 4.6% rise to 336p. Homeserve was the worst performer, down 1.1% to 779p a move that is within the scope of trading on the day.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 19th June 2017
There is no substantive formal news on the day the negotiations to exit the EU begin. News expected this week includes interims from Wolseley tomorrow and finals from London housebuilder Berkeley Group on Wednesday. Friday saw some positive moves across all HICS stocks; among our 22 stocks only four declined, with the worst case, SIG, being 0.4% down.
Read more...Tencent - Feathering the nest
If it was to effectively monetise its ecosystem at home and aggressively push into developed markets, it could become one of the biggest digital ecosystems globally.
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 16th June 2017
There is no directly relevant news this morning. Here is a lot of comment in the press on the prospect of a rate rise and it’s not the role of this note to predict interest rates or the political and economic issues behind rate setting. What is 100% clear is that 3%+ inflation and base rates at 0.25% is not a sustainable norm in any economy.
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UK Commercial Property Trust acquires Sheffield office for £20m
Second purchase so far in FY17 at 5% yield
UK Commercial Property Trust (UKCM), a £1.2bn property investment company managed by Standard Life Investments, has acquired a 61,638 sq ft office building at Cutler’s Gate, Sheffield, from Ediston Property Investment Company (EPIC).
Read more...Market Commentary - Housing, Infrastructure, Construction and Services 15th June 2017
Atkins has produced its final results this morning and abandoned the usual meeting in favour of a webcast. While the overall results are very positive the geographic split shows an exaggerated development of the trends seen for the last five years. Balfour Beatty has quietly risen in the last few days and we suspect will provide encouraging results at the interim stage.
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