The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I just put a few bob on it going up again after that American stuff. Closer to home, generalised lift.
The economy shrank 1.5%, which was a touch better than the 1.6% decline forecast by economists, and was now 8.7% lower than its pre-pandemic level.
However, in March GDP grew 2.1% on the month following revised growth of 0.7% in February and a 2.5% contraction in January, beating consensus expectations for a 1.4% increase.
“The burst of growth in March shows that the recovery has been gathering momentum more quickly than we had thought and suggests that the risks to our forecast for the economy to return to its February 2020 level by the end of 2021 are to the upside,” said Ruth Gregory, senior UK economist at Capital Economics.
She said the 2.1% month-on-month gain was an "impressive" result given that there were few changes in the lockdown restrictions.
“The upside surprise came from construction output, which jumped by 5.8% month-on-month against consensus expectations for 1.0%, pushing it 2.4% above its pre-crisis level," she added.
We are coming up to a set of final results anyway. It has been over 2p this year on contract news and trading update, which seemed mildly optimistic, and then dropped back. Frankly, it's as though it needs a boot up the backside....... or something.
I have no doubt that Mxc and Kestrel have some cunning plan. As you say, we shall have to wait and see where it leaves us lot.
I give up. Try 'laugh.'
That was 's******' - don't know who put the asterixes in.
It's wearing a bit thin, but in December 2019 Mxc said this ( try not to s****** )
The path to recovery for IDE has been a long and difficult one and at times it felt like one step forwards, two steps back. Nonetheless the teams within the business, both executive and operational, have worked wonders and they now have a good platform from which to grow. The business was refinanced at the beginning of 2019 by the issue of £10.0 million secured loan notes. MXC now holds £8.0 million of these loan notes plus accrued interest, alongside 43.1 per cent. of the equity of IDE. The refinancing means that IDE now has secure, long term funding and no external third-party debt as the loan notes are held solely by shareholders. Whilst there remain challenges, in recent times IDE has moved into positive territory by beginning to win significant renewals and new contracts, testament to the will, enthusiasm and dedication to customer service from the operational team. There still exists a general level of customer churn in IDE which has impacted current year revenue and profitability, but this continues to be addressed and once this ceases, we anticipate the business will have turned the corner and should achieve market levels of profitability, which it is more than capable of delivering. We remain confident that we will see a complete return of our capital from IDE.
We shall see if they sell. They'll have a job on in the open market. I do not know what to make of this lot. Death or glory.........
We have all this govt stuff in the UK and also in the EU to play through too - it will eventually.
"The Climate Change Committee (CCC) has said that to meet net zero, the UK’s building stock needs to be nearly completely decarbonised by 2050.11 Low-carbon heat cannot be deployed cost-effectively unless buildings are properly insulated...."
https://publications.parliament.uk/pa/cm5801/cmselect/cmenvaud/346/34605.htm
Any rise getting sold into - lots still going ashore. If anyone wants these, 251 or so seems the mark.It seems to want to go a bit higher, and they can only sell once.
What is of importance to us is Sig continuing to increase market share as reported, and
"The momentum we have seen through March and April, together with improving visibility on the near-term order book, means that we now expect the Group to deliver an underlying operating profit in the first half, returning the Group to profitability earlier than expected."
Skilled trades cash in on booming housing and repairs market
By Dave Rogers12 May 2021
Other professions seeing pay packets rise include M&E operatives and shopfitters
Skilled trades such as bricklayers, plasterers and electricians are cashing in on a booming housing and home improvements market with weekly wages going up by an average of 20% in a year.
Other trades seeing their wages jump since last April include roofers and joiners, according to data provided by self-employed payroll provider Hudson Contract.
Skilled trades cash in on booming housing and repairs market
By Dave Rogers12 May 2021
Other professions seeing pay packets rise include M&E operatives and shopfitters
Skilled trades such as bricklayers, plasterers and electricians are cashing in on a booming housing and home improvements market with weekly wages going up by an average of 20% in a year.
Other trades seeing their wages jump since last April include roofers and joiners, according to data provided by self-employed payroll provider Hudson Contract.
I will not involve myself further with a poster's forecasts. What I see currently is construction on a roll, with demand outstripping supply in terms of materials, and it seems, skill shortages in some quarters.
UK ( where I live ) https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment
Not gone into EU.