ITV shooting lights out and we're ...not8 Mar 2024 11:49
ITV have leap frogged us post results, helped by big share buy back. So STV share price flat over 1m , ITV +15%. The appalling lack of institutional interest in UK SMEs is a disaster for a vibrant economy, and this is a case in point. It's no bloody wonder that overseas players and PE can't believe their luck, even with interest rates back to 'normal ' levels after the grotesque distortions of central bank QE.
Am starting to lose track of the number of UK companies getting taken/bid for at bargain basement prices -here's list off top of head: (2023)RPS, Biffa, Devro, Curtis Banks..and last 6 months..Hotel Chocolat, Direct Line, Currys, Mattioli Woods, Virgin Money, Wincanton, and others I cant quite recall, . Jeremy Hunt's tinkering isnt going to make an iota of difference ; much firmer action required frankly and the idea that UK is an enterprise economy continues to be a sick joke.