25 Nov 2022 07:19
Finncap tumbles as takeover talks with Panmure end
(Sharecast News) - FinnCap tumbled on Friday after it said that takeover talks with Panmure Gordon had ended.
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Don't have an account? Click here to register.Friday newspaper share tips: Panmure Gordon, Grainger
Fri, 01st Apr 2016 18:00
(ShareCast News) - Panmure Gordon has a tough road ahead of it, the Financial Times´s Lex column believes.The pool of banking fees which the UK´s small stockbrokers and investment banks can opt for is simply not large enough to sustain all of them given the decline in broking margins.About £5.4bn was raised on the Alternative Investment market in 2015m putting the fee poll at somewhere around £200m, Lex said.Indeed, Panmure Gordon´s full-year revenues in 2015 were £3.5m less than its operating expenses.Although the broker has kept a lid on costs, trading at its capital markets business worsened considerably.Unfortunately, managament does not have the option of taxing an axe to pay-related expenses.Well-connected bankers and a sturdy reasearch and distribution operation are key to bringing in business.That does not mean the model can´t work, as Numis´s latest set of figures showed, but it has four times the amount of revenues, Lex pointed out. The 3.0% surcharge on stamp duty on those purchasing homes to rent them will not dent Grainger´s business model, The Daily Telegraph´s Questor said.With lending becoming stricter and given the shortage of affordable housing, some predict that private renters will outnumber homeowners within a decade and the company is planning to capitalise on that trend, the tipster explained.It has already announced it will spend £850m to build and purchase UK rental properties over the next four years and is simplifying its operations.In January it hived off its UK equity-release unit and later sold a £94m loss-making portfolio of German properties.Those divestments will lead to a plunge in revenues next year, due to the property-owner´s smaller size, but pre-tax profits are seen jumping by 8% over the 12 months ending in October. However, at a 22% discount to its net asset value the share price suggests the Newcastle-based outfit´s promising new strategy has yet to be priced-in.Grainger will also benefit from a government-backed incentive to build rental homes, by issuing companies loans covering half the costs of new developments.Given that it invests at the low end of the market also means the outfit is likely to be sheltered from the worst effects of a housing slump, should it occur.Hence, its discounted shares are likely to drive a higher return and dividend yield.'Buy', said Questor.
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18 Oct 2022 08:08
FinnCap in early takeover talks with Panmure Gordon
(Sharecast News) - Investment bank FinnCap confirmed on Tuesday that it has received indicative non-binding takeover proposals from rival Panmure Gordon.
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HydrogenOne Capital Growth to pursue London listing
(Sharecast News) - HydrogenOne Capital Growth will become the first London-listed investment fund focused on clean hydrogen if its plans to float succeed.
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Sunday newspaper round-up: Vaccine supplies, Debenhams, The Queen
(Sharecast News) - The UK could help the EU and other nations with coronavirus vaccine supplies even before the domestic vaccination programme has been completed, the international trade secretary, Liz Truss, has said. As ministers sought to smooth relations with Brussels after the EU's much-criticised and swiftly rescinded decision to impose a vaccine border between Northern Ireland and the Republic of Ireland, Truss sought to stress the need for international cooperation. - Guardian
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Panmure Gordon CFO Philip Tansey to step down
(ShareCast News) - AIM-listed institutional stockbroker and investment bank Panmure Gordon said Philip Tansey has served notice of his intention to step down from the board and is leaving the company as chief financial officer at the end of March. Current financial controller Anthony Saroli will tak
Read more22 Sep 2016 10:56
Panmure Gordon to invest up to £2m in PrimeXtend
(ShareCast News) - Institutional stockbroker and investment bank Panmure Gordon will make a cash investment of up to £2m in PrimeXtend, a business focused on the evolution of agency broker services. The investment will be made over a period of ten months, subject to the satisfaction of certain perfo
Read more22 Sep 2016 10:03
7 Aug 2016 15:33
Sunday newspaper round-up: Interest rates, EU single market, IHG, Poundland
(ShareCast News) - Savers face five more years of record-low returns, with investors betting that the Bank of England will not undo last week's interest rate cut before the end of the decade. City traders expect Bank governor Mark Carney to slash borrowing costs again before the end of the year, the
Read more18 May 2016 07:33
11 May 2016 15:05
1 May 2016 18:03
Sunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read more13 Apr 2016 09:04
New regulations to help smaller brokers compete in London IPO market
(ShareCast News) - Smaller brokers and investors could all find it easier to compete in the UK's initial public offer (IPO) market in future, according to new investment banking proposals put forward by the City regulator. To remedy several issues spied during its study into the investment and corpo
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